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: B grade First Test long of 9 level
Confluence: Whole $
Strike Zone: 9 - 8.5
Sizing (lots + emergency): 250
Risk (stop / Rs): Hold below 8.5
Review / Lessons Learned
Not A grade trade due to potential backside initiation, +1R
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2021-01-20 14:02:30 | OBLN | buy | $9.120 | long |
| 2021-01-20 14:03:08 | OBLN | sell | $9.620 | long |
| 2021-01-20 14:03:12 | OBLN | sell | $9.460 | long |
| 2021-01-20 14:03:40 | OBLN | sell | $9.530 | long |
| 2021-01-20 14:04:16 | OBLN | sell | $9.490 | long |
| 2021-01-20 14:04:26 | OBLN | sell | $9.360 | 0 |
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