Shared by
beno
Fundamentals
-Float = 200M
Recent SPAC
Catalysts / News / Painting the picture
-Jan 11 2020: Churchill Capital IV in talks with SPAC deal with Lucid Motors (EV)
Technical Analysis
-SPY pattern: Fade
-Intraday pattern: Consolidation
-Other notes: N/a
Strategy / Confluence / Sizing Guide / Risk
Strategy: B grade Ext. Cap. long
Confluence: Whole $
Strike Zone: 17 - 16
Sizing (lots + emergency): 500
Risk (stop / Rs): Hold below 16
Review / Lessons Learned
Extended right into a high volume consolidation area from prior day, volume wasn't as asymmetric as I would like but it was still a good setup. +2R here
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2021-01-14 09:54:04 | CCIV | buy | $16.520 | long |
| 2021-01-14 09:54:54 | CCIV | buy | $16.120 | long |
| 2021-01-14 09:56:25 | CCIV | sell | $16.820 | long |
| 2021-01-14 09:56:30 | CCIV | sell | $16.850 | long |
| 2021-01-14 09:56:30 | CCIV | sell | $16.850 | long |
| 2021-01-14 09:56:44 | CCIV | sell | $16.970 | long |
| 2021-01-14 09:57:04 | CCIV | sell | $16.980 | long |
| 2021-01-14 09:57:08 | CCIV | sell | $17.020 | long |
| 2021-01-14 09:57:08 | CCIV | sell | $17.020 | long |
| 2021-01-14 09:57:19 | CCIV | sell | $17.170 | long |
| 2021-01-14 09:57:21 | CCIV | sell | $17.170 | long |
| 2021-01-14 09:57:32 | CCIV | sell | $17.240 | long |
| 2021-01-14 09:57:35 | CCIV | sell | $17.320 | long |
| 2021-01-14 09:58:36 | CCIV | sell | $17.200 | long |
| 2021-01-14 09:58:46 | CCIV | sell | $17.070 | 0 |
Comments
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Nice entry as always!