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
-Jun 03 2020: Channel goes live June 15th
Technical Analysis
-SPY pattern: Runner
-Intraday pattern: Runner
-Levels: 4, 4.75, 5.5, 5.9 - 6, 6.7, 7.37, 8
Strategy / Confluence / Sizing Guide / Risk
Strategy: First test long of 7
Confluence: Whole $
Strike Zone: 7.2 - 6.8
Sizing (lots): 2
Risk (stop / Rs): Hold below 7
Review / Lessons Learned
Decided to trade the whole $ confluence factor on its own because it was a good short squeeze setup. Took with 1 lot, sold for 16c profit. OGT.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2020-06-03 10:18:42 | GNUS | buy | $7.240 | long |
| 2020-06-03 10:18:42 | GNUS | buy | $7.240 | long |
| 2020-06-03 10:18:42 | GNUS | buy | $7.240 | long |
| 2020-06-03 10:18:57 | GNUS | sell | $7.400 | long |
| 2020-06-03 10:18:57 | GNUS | sell | $7.400 | 0 |
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