Shared by
beno
Fundamentals
-Float = 10M
Catalysts / News / Painting the picture
-Jan 22 2020: Guggenheim Initiates Coverage On SCYNEXIS with Buy Rating, Announces Price Target of $25
Technical Analysis
-SPY pattern: Consolidation
-Intraday pattern: Bear Flag
-Other notes: N/a
Strategy / Confluence / Sizing Guide / Risk
Strategy: B grade distribution
Confluence: N/a
Strike Zone: N/a
Sizing (lots + emergency): 500
Risk (stop / Rs): 8.15
Review / Lessons Learned
Covered all at conservative target due to low liquidity and volume (didn't want to get stuck). +2R on small size
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2021-01-22 11:00:56 | SCYX | sell | $8.080 | short |
| 2021-01-22 11:00:56 | SCYX | sell | $8.080 | short |
| 2021-01-22 11:02:45 | SCYX | buy | $7.960 | short |
| 2021-01-22 11:02:45 | SCYX | buy | $7.960 | short |
| 2021-01-22 11:03:01 | SCYX | buy | $7.910 | short |
| 2021-01-22 11:03:01 | SCYX | buy | $7.920 | short |
| 2021-01-22 11:03:01 | SCYX | buy | $7.920 | 0 |
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