ACB Trade on May 15, 2020 15:00 from beno: Tradervue User Stock Trades.

Shared by
beno

Fundamentals

N/a

Catalysts / News / Painting the picture

-May 14 2020: Earnings - Net rev up 15% Q/Y - Weed sector strong compared to SPY

Technical Analysis

-SPY pattern: Runner
-Intraday pattern: Runner
-Levels: 8, 9, 10, 10.50, 10.80, 11.30, 12

Strategy / Confluence / Sizing Guide / Risk

Strategy: First test long of 11.30 level
Confluence: N/a
Strike Zone: 11.40 - 11.20
Sizing (lots): 2
Risk (stop / Rs): 10.99 or hold below 11.20 (weak grind)

Review / Lessons Learned

OGT / Trade of the day, took full sized starter then added in strike zone, kept going down so took opportunity to add again (first time I go bigger size then initial plan - and it worked out).

Execution detail:

Date/time	Symbol	Side	Price	Position
2020-05-15 15:00:12	ACB	buy	$11.410	long
2020-05-15 15:00:14	ACB	buy	$11.340	long
2020-05-15 15:00:22	ACB	buy	$11.300	long
2020-05-15 15:00:22	ACB	buy	$11.300	long
2020-05-15 15:00:38	ACB	sell	$11.430	long
2020-05-15 15:00:48	ACB	sell	$11.470	long
2020-05-15 15:01:05	ACB	sell	$11.500	long
2020-05-15 15:01:58	ACB	sell	$11.540	long
2020-05-15 15:03:55	ACB	sell	$11.610	long
2020-05-15 15:04:48	ACB	sell	$11.590	0

#chart1 { background-image:url('/shared/charts/pricechart?symbol=ACB&trade=14734878&end=20200515153348&i=m1&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart2 { background-image:url('/shared/charts/pricechart?symbol=ACB&trade=14734878&end=20200515160000&i=m3&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart3 { background-image:url('/shared/charts/pricechart?symbol=ACB&trade=14734878&end=20200515160000&i=m15&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart4 { background-image:url('/shared/charts/pricechart?symbol=ACB&trade=14734878&end=20200614&i=d&TimeRange=120&Volume=1&ChartType=candlestick&width=450&height=275');}