APT Trade on Jun 24, 2020 12:58 from beno: Tradervue User Stock Trades.

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beno

 

Fundamentals

Profitable Building Material company in Canada. Makes face masks.

Catalysts / News / Painting the picture

-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

Technical Analysis

-SPY pattern: Bear Flag
-Intraday pattern: Bull Flag
-Levels: 17.5, 18.8, 20, 20.5

Strategy / Confluence / Sizing Guide / Risk

Strategy: First test long of 20 level
Confluence: Whole $
Strike Zone: 20 - 19.75
Sizing (lots): 2
Risk (stop / Rs): Hold below 20

Review / Lessons Learned

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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