Short position in STRO [Sutro Biopharma Inc]

Hi!

Found another good opportunity to earn in Sutro Biopharma Inc [STRO:NASD].

It is a loss-making small-cap company (143M) that has all the fundamentals for a further price fall:

• All time low (no resistance levels)
• Sector Biotechnology (best companies for possible bankruptcy)
• Insider selling (!!!)
• No dividends

Also we have a good technical background:

• Lower highs on the remaining bars
• Clear lever for breakdown + clear breakdown
• Close level retest (buyers have no power)
• No gaps and paranormal bars

My position parameters:

• Open @ 2.35
• Take Profit @ 0.50
• Stop Loss @ 2.72

See you in the next positions! If you have questions – ask!

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