CGC Trade on Jan 17, 2020 14:29 from beno: Tradervue User Stock Trades.

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beno

 

Fundamentals

N/a

Catalysts / News / Painting the picture

-Jan 17: Canopy Growth Revises THC Beverage Launch Timeline
-Entire weed sector is in upswing after being oversold

Technical Analysis

-Buyers have been stepping up since November last year -> supporting at 14, 18, 18.50 and now at 19
-Latest support is 22 which is resistance turned support (better support level)
-Levels: 23.74, 24.70, 25, 25.25

Original Plan / Strategy

First Test long of 25 - 25.05

Review

Two lots got filled before bounce started, first 10c profit target got hit, held second lot for bigger move, sold due to continued failure at 25.20 area

image


Execution detail:

Date/time Symbol Side Price Position
2020-01-17 14:29:16 CGC buy $25.080 long
2020-01-17 14:29:16 CGC buy $25.060 long
2020-01-17 14:35:13 CGC sell $25.150 long
2020-01-17 14:41:32 CGC sell $25.160 0


Comments

Gravatar cruisetrader
2020-01-21 07:34:30
 

good try

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