Profitable Building Material company in Canada. Makes face masks.
-Corona virus sympathy because APT makes masks
-US to order 1 billion masks
-March 11 2020: WHO declares COVID-19 as pandemic
-April 02 2020: US says will not force people to wear masks
-May 06 2020: Earnings - Q1 up 46% Q/Y - PPE numbers good
-Jun 24 2020: Many headlines about second COVID-19 wave, certain US states reporting record numbers again
-SPY pattern: Bear Flag
-Intraday pattern: Bull Flag
-Levels: 17.5, 18.8, 20, 20.5
Strategy: First test long of 20 level
Confluence: Whole $
Strike Zone: 20 - 19.75
Sizing (lots): 2
Risk (stop / Rs): Hold below 20
Got in 1 lot and took small profit over 20 but then it was struggling to bounce so I took it off for a scratch.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2020-06-24 12:58:35 | APT | buy | $19.980 | long |
2020-06-24 12:59:32 | APT | sell | $20.150 | long |
2020-06-24 13:05:12 | APT | sell | $19.870 | long |
2020-06-24 13:05:12 | APT | sell | $19.870 | 0 |
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