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: Random Trade (News chase)
Confluence: N/a
Strike Zone: N/a
Sizing (lots): 1
Risk (stop / Rs): N/a
Review / Lessons Learned
Heard news on squawk about weed being used as COVID treatment so I just chase bought ACB hoping for an instant up-move but I was wrong, move took time to play out, scratched it.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2020-05-21 15:13:42 | ACB | buy | $16.540 | long |
| 2020-05-21 15:13:42 | ACB | buy | $16.550 | long |
| 2020-05-21 15:14:54 | ACB | sell | $16.554 | long |
| 2020-05-21 15:14:54 | ACB | sell | $16.550 | 0 |
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