TradingView
KozakHlib
Oct 30, 2020 12:19 PM

$TRVN is gonna to fall today Long

Trevena, Inc.NASDAQ

Description

Pupm&Dump trading strategy idea.

BLRX is rising without clear preconditions today.

The demand for shares of the company looks lower than the supply.

This and other conditions can cause a fall in the share price today.

So I opened a short position from $2,82;
stop-loss — $3,07;
take-profit — $2,57;

Do not view this idea as a recommendation for trading or investing. It is published only to introduce my own vision.
Always do your own analysis before making deals. When you use any materials, do not rely on blind trust.
You should remember that isolated deals do not give systematic profit, so trade/invest using a developed strategy.

If you like my content, you can subscribe to the news and receive my fresh ideas.

Thanks for being with me!

Trade closed: target reached

Comment

My mistake in the title -- it was short -- look on the chart
Comments
Saeed966
Nice analysis
KozakHlib
@Saeed966, thanks
Arjun97003015
What’s the long term picture if the stock? Is it promising? A new good today did not hold up for TRVN? Is it a good time to buy now?
KozakHlib
@Arjun97003015, well, you describe another strategy. The good time for the buy was yesterday)
Arjun97003015
It’s tanking today! Not sure why shorts are interested so much on this! I am anyway long!
More