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
-May 21 2020: NY Post - Scientists believe cannabis could help prevent and treat coronavirus
Technical Analysis
-SPY pattern: Consolidation
-Intraday pattern: Bowl
-Levels: 15, 16, 16.7, 17.7
Strategy / Confluence / Sizing Guide / Risk
Strategy: FT-15 long of 15.4 by 15.2 level
Confluence: PM Level
Strike Zone: 15.42 - 15.2
Sizing (lots): 2
Risk (stop / Rs): 14.99, e-lots @ 15
Review / Lessons Learned
OGT, got appropriate size and slowly scaled out
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2020-05-21 10:49:45 | ACB | buy | $15.370 | long |
| 2020-05-21 10:49:54 | ACB | buy | $15.410 | long |
| 2020-05-21 10:50:18 | ACB | sell | $15.470 | long |
| 2020-05-21 10:50:18 | ACB | sell | $15.470 | long |
| 2020-05-21 10:50:18 | ACB | sell | $15.470 | long |
| 2020-05-21 10:50:18 | ACB | sell | $15.470 | long |
| 2020-05-21 10:50:19 | ACB | sell | $15.470 | long |
| 2020-05-21 10:50:30 | ACB | sell | $15.550 | long |
| 2020-05-21 10:51:46 | ACB | sell | $15.640 | long |
| 2020-05-21 10:53:29 | ACB | sell | $15.550 | 0 |
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