Shared by
beno
Fundamentals
N/a
Catalysts / News / Painting the picture
-May 15 2020: Weed sector stronger than SPY because of ACB earnings
-May 21 2020: NY post article: Scientists believe cannabis could help prevent and treat coronavirus
-May 28 2020: Earnings anticipation - reporting tomorrow morning
Technical Analysis
-SPY pattern: Mountain
-Intraday pattern: Runner
-Levels: 20, 20.3, 20.8, 21.4 - 21.5, 22
Strategy / Confluence / Sizing Guide / Risk
Strategy: FT-15 long of 20.30 level
Confluence: VWAP
Strike Zone: 20.39 - 20.25
Sizing (lots): 3
Risk (stop / Rs): Hold below 20.25
Review / Lessons Learned
Candle only made a low of 20.43 and only got in with a starter before it bounced so I took profits on my lonely lot.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2020-05-28 09:47:26 | CGC | buy | $20.450 | long |
| 2020-05-28 09:48:15 | CGC | sell | $20.670 | 0 |
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