OBLN Trade on Jan 20, 2021 13:55 from beno: Tradervue User Stock Trades.

Shared by
beno

Fundamentals

-Float = 7M

Catalysts / News / Painting the picture

-Jan 20 2020: Optimus Merger Sub And ReShape Lifesciences Entered Merger Agreement

Technical Analysis

-SPY pattern: Runner
-Intraday pattern: Bull Flag
-Other notes: Rigged and float locking behavior

Strategy / Confluence / Sizing Guide / Risk

Strategy: A grade Trend Rotation
Confluence: N/a
Strike Zone: 8.9 - 8.5
Sizing (lots + emergency): 250
Risk (stop / Rs): Hold below 8.5

Review / Lessons Learned

Wanted that 8.5 dip to get to full size but it the 8.8's were holding well so I took a starter. Price went parabolic shortly after, could have nibbled in more as I saw it continue to hold. +3R on this trade

Execution detail:

Date/time	Symbol	Side	Price	Position
2021-01-20 13:55:08	OBLN	buy	$8.850	long
2021-01-20 13:55:08	OBLN	buy	$8.846	long
2021-01-20 13:55:08	OBLN	buy	$8.840	long
2021-01-20 13:56:02	OBLN	sell	$9.450	long
2021-01-20 13:56:04	OBLN	sell	$9.770	long
2021-01-20 13:56:06	OBLN	sell	$9.840	long
2021-01-20 13:56:09	OBLN	sell	$9.970	long
2021-01-20 13:56:12	OBLN	sell	$10.200	0

#chart1 { background-image:url('/shared/charts/pricechart?symbol=OBLN&trade=26286563&end=20210120142612&i=m1&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart2 { background-image:url('/shared/charts/pricechart?symbol=OBLN&trade=26286563&end=20210120152612&i=m3&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart3 { background-image:url('/shared/charts/pricechart?symbol=OBLN&trade=26286563&end=20210120160000&i=m15&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart4 { background-image:url('/shared/charts/pricechart?symbol=OBLN&trade=26286563&end=20210219&i=d&TimeRange=120&Volume=1&ChartType=candlestick&width=450&height=275');}

Comments

Steve_Trades

2021-01-20 17:06:14

Beauty 👌