Shared by
beno
Fundamentals
Float = 150M
Catalysts / News / Painting the picture
-Mar 05 2020: FY2019 Earnings, down 16% Y/Y
-Mar 10 2020: BNGO Genomics Will Be Used in Research Identifying Gene Variants that Contribute to Coronavirus Disease Susceptibility
Technical Analysis
-SPY pattern: Runner
-Intraday pattern: Consolidation
-Other notes: N/a
Strategy / Confluence / Sizing Guide / Risk
Strategy: B grade accumulation long
Confluence: VWAP, 1m-JL, 3m-JL
Strike Zone: N/a
Sizing (lots + emergency): 1000
Risk (stop / Rs): 5.2 (4c)
Review / Lessons Learned
Trade called out by teammate, was up nicely on the day so decided to try this accumulation trade since my risk was obvious (5.2), worked instantly and made 3.5R
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2021-01-05 14:21:31 | BNGO | buy | $5.240 | long |
| 2021-01-05 14:21:31 | BNGO | buy | $5.240 | long |
| 2021-01-05 14:23:42 | BNGO | sell | $5.430 | long |
| 2021-01-05 14:23:42 | BNGO | sell | $5.430 | long |
| 2021-01-05 14:23:46 | BNGO | sell | $5.390 | long |
| 2021-01-05 14:23:46 | BNGO | sell | $5.390 | long |
| 2021-01-05 14:24:51 | BNGO | sell | $5.410 | long |
| 2021-01-05 14:25:26 | BNGO | sell | $5.320 | 0 |
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