Shared by
beno
Fundamentals
-Float = 34M
-IO = 80%
Catalysts / News / Painting the picture
-Oct 01 2020: Announces FDA Lifts Clinical Hold on IGNITE DMD Clinical Trial
-Dec 11 2020: company announced a $90 million private placement of 24.3 million shares at $3.70
Technical Analysis
-SPY pattern: Bowl
-Intraday pattern: Bull Flag
-Other notes: N/a
Strategy / Confluence / Sizing Guide / Risk
Strategy: B grade Accumulation (tape weak)
Confluence: N/a
Strike Zone: N/a
Sizing (lots + emergency): 500
Risk (stop / Rs): 5.53
Review / Lessons Learned
It was getting tighter in this ascending triangle and thought it was a worthy attempt to catch the squeeze, alas, it needed more time / trapping. -0.5R here
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2020-12-11 15:10:00 | SLDB | buy | $5.610 | long |
| 2020-12-11 15:10:26 | SLDB | sell | $5.500 | long |
| 2020-12-11 15:10:26 | SLDB | sell | $5.515 | 0 |
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