Shared by
beno
Fundamentals
-Float = 50M
Catalysts / News / Painting the picture
-Sep 16 2020: Many analyst upgrades this week due to good earnings last week
-Sep 22 2020: RC Ventures disclose 9.98% stake
-Oct 08 2020: Partnership with Microsoft
-Nov 25 2020: Holiday season coming up, reporting earnings Dec 08
-Jan 19 2020: Citron short report & $20 PT
Technical Analysis
-SPY pattern: Runner
-Intraday pattern: Consolidation
-Other notes: Made huge move from 20, macro shorts trapped
Strategy / Confluence / Sizing Guide / Risk
Strategy: B grade First Test long of 38.5 level
Confluence: Half $, 1m-JL, VWAP
Strike Zone: 38.5 - 38
Sizing (lots + emergency): 250
Risk (stop / Rs): Hold below 38
Review / Lessons Learned
Sold before 50% retrace target due to prior close rejection and stuck longs above. Nice volume and confluences on this trade, could have sized more, +1R here
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2021-01-20 11:47:19 | GME | buy | $38.590 | long |
| 2021-01-20 11:49:44 | GME | sell | $38.990 | long |
| 2021-01-20 11:50:00 | GME | sell | $39.040 | long |
| 2021-01-20 11:50:08 | GME | sell | $39.160 | long |
| 2021-01-20 11:50:15 | GME | sell | $39.140 | long |
| 2021-01-20 11:50:36 | GME | sell | $39.010 | 0 |
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