APLS Possible Bullish Pennant Breakout

Jun 4, 2020

APLS Possible Breakout

Bullish Pennant Breakout

Target = 36


This content is for informational and educational purposes only. This is not in any way, shape or form financial or trading advice.

Good luck, happy trading and stay chill,
2degreez

Jun 4, 2020

Trade active

Started Position
Bought 100 APLS @ 32.93

Jun 6, 2020

Note

Pharma stonks, blah. I still like the long play here at these levels and I will 'cad' near the 382 @ 29 if needed, based on market conditions. I considered this a high probability setup but it dropped out. This is why starting a positions prior to the breakup or breakdown from the pennants/flags/triangles can be a risky play.

Pretty disappointment in APLS but the news that the Trump administration has identified five companies as the most likely to make vaccines to prevent COVID-19 seems to have create negativity.

According to the NYT the 5 are as follows:
AstraZeneca (AZN), Moderna (MRNA), Johnson & Johnson (JNJ), Merck (MRK), and Pfizer (PFE)

Jun 8, 2020

Note

SOLD ALL OUT 31.85 -1.08

Covid news and damn I hate pharma. No patience for this one.

Jun 8, 2020

Trade closed: stop reached