Shared by
beno
Fundamentals
-May 08 2020: $2.8M ATM offering
-May 13 2020: $5.4M offering
-May 28 2020: Offering of $30M, 20M shares $1.5
Catalysts / News / Painting the picture
-May 07 2020: To Launch Kartoon Channel Digital Network Across multiple platforms
Technical Analysis
-SPY pattern: Mountain
-Intraday pattern: Rug Pull
-Levels: 1.6, 2, 2.2, 2.5, 2.8
Strategy / Confluence / Sizing Guide / Risk
Strategy: First test long of 2.45 level
Confluence: N/a
Strike Zone: 2.49 - 2.40
Sizing (lots): 1
Risk (stop / Rs): Hold below 2.40
Review / Lessons Learned
2.5 already got tested so the real level was more near 2.45, only took trade with 1 lot, good wallet padder.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2020-05-28 13:34:22 | GNUS | buy | $2.465 | long |
| 2020-05-28 13:37:39 | GNUS | sell | $2.510 | long |
| 2020-05-28 13:37:39 | GNUS | sell | $2.510 | long |
| 2020-05-28 13:39:25 | GNUS | sell | $2.525 | long |
| 2020-05-28 13:39:49 | GNUS | sell | $2.540 | long |
| 2020-05-28 13:39:49 | GNUS | sell | $2.540 | long |
| 2020-05-28 13:40:07 | GNUS | sell | $2.540 | 0 |
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