CCIV Trade on Jan 15, 2021 12:46 from beno: Tradervue User Stock Trades.

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: Consolidation
-Intraday pattern: Mountain
-Other notes: Very violent and sketchy price action today

Strategy / Confluence / Sizing Guide / Risk

Strategy: B grade FT-15 long of 18 - 17.75 level
Confluence: Whole $, PM Level
Strike Zone: 18.25 - 17.5
Sizing (lots + emergency): 250
Risk (stop / Rs): Hold below 17.5

Review / Lessons Learned

Took long as stock was halting down. Spike of buying came in on resumption and I scaled out of the trade slowly. +3R

Execution detail:

Date/time	Symbol	Side	Price	Position
2021-01-15 12:46:52	CCIV	buy	$17.870	long
2021-01-15 12:52:21	CCIV	sell	$18.460	long
2021-01-15 12:52:23	CCIV	sell	$18.590	long
2021-01-15 12:52:28	CCIV	sell	$18.800	long
2021-01-15 12:52:29	CCIV	sell	$18.980	long
2021-01-15 12:52:35	CCIV	sell	$19.190	0

#chart1 { background-image:url('/shared/charts/pricechart?symbol=CCIV&trade=26090917&end=20210115132035&i=m1&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart2 { background-image:url('/shared/charts/pricechart?symbol=CCIV&trade=26090917&end=20210115141935&i=m3&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart3 { background-image:url('/shared/charts/pricechart?symbol=CCIV&trade=26090917&end=20210115160000&i=m15&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart4 { background-image:url('/shared/charts/pricechart?symbol=CCIV&trade=26090917&end=20210214&i=d&TimeRange=120&Volume=1&ChartType=candlestick&width=450&height=275');}