GNUS Trade on Jun 3, 2020 10:20 from beno: Tradervue User Stock Trades.

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 6.8 level
Confluence: N/a
Strike Zone: 6.83 - 6.5
Sizing (lots): 1
Risk (stop / Rs): Hold below 6.5

Review / Lessons Learned

Was a little more aggressive in this setup, took a starter above 7 and then my order got hit at 6.81 and 6.71. Got stuck in a downside halt. I had orders to add at 6 but it bounced from 6.21, took profits as soon as I was ITM.

I count myself lucky that this one actually bounced and gave me the opportunity to take profits.