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: Afternoon Runner
-Intraday pattern: Runner
-Levels: 3, 3.2, 3.5, 3.7, 4
Strategy / Confluence / Sizing Guide / Risk
Strategy: First test long of 3.4 level
Confluence: VWAP
Strike Zone: 3.4 - 3.3
Sizing (lots): 2
Risk (stop / Rs): Hold below 3.3
Review / Lessons Learned
This was was just grinding above the 3.4 level but didn't really provide a bounce until it tested the 3.3's, so took the trade at the lower end of my strike zone.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2020-06-02 10:30:26 | GNUS | buy | $3.370 | long |
| 2020-06-02 10:30:39 | GNUS | buy | $3.340 | long |
| 2020-06-02 10:30:40 | GNUS | buy | $3.340 | long |
| 2020-06-02 10:30:40 | GNUS | buy | $3.340 | long |
| 2020-06-02 10:31:43 | GNUS | sell | $3.380 | long |
| 2020-06-02 10:31:43 | GNUS | sell | $3.380 | long |
| 2020-06-02 10:32:18 | GNUS | sell | $3.400 | long |
| 2020-06-02 10:32:18 | GNUS | sell | $3.400 | long |
| 2020-06-02 10:32:32 | GNUS | sell | $3.420 | long |
| 2020-06-02 10:33:01 | GNUS | sell | $3.450 | long |
| 2020-06-02 10:33:01 | GNUS | sell | $3.450 | long |
| 2020-06-02 10:33:37 | GNUS | sell | $3.460 | 0 |
Leave a comment about this trade!
You need to log into your Tradervue account to leave a comment. If you don't have one,
it takes
just a few seconds to sign up, and it's free!