IGC Trade on Aug 13, 2020 09:45 from beno: Tradervue User Stock Trades.

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beno

Fundamentals

N/a

Catalysts / News / Painting the picture

-Aug 12 2020: FDA Approves Initiation of IGC’s Cannabinoid Trial on Alzheimer’s Patients

Technical Analysis

-SPY pattern: Mountain
-Intraday pattern: Parabolic Fade
-Other notes: N/a

Strategy / Confluence / Sizing Guide / Risk

Strategy: First test long of 3.7 PM level
Confluence: PM Level
Strike Zone: 3.7 - 3.4
Sizing (lots + emergency): 500
Risk (stop / Rs): Hold below 3.4

Review / Lessons Learned

My initial long level was 3.4 but stock went so high and it was holding the 3.7 PM level so I took a small long there, ended up being a nice winner.

Execution detail:

Date/time	Symbol	Side	Price	Position
2020-08-13 09:45:09	IGC	buy	$3.840	long
2020-08-13 09:45:09	IGC	buy	$3.837	long
2020-08-13 09:45:09	IGC	buy	$3.840	long
2020-08-13 09:45:09	IGC	buy	$3.838	long
2020-08-13 09:45:09	IGC	buy	$3.840	long
2020-08-13 09:46:17	IGC	sell	$4.150	long
2020-08-13 09:47:17	IGC	sell	$4.020	0

#chart1 { background-image:url('/shared/charts/pricechart?symbol=IGC&trade=18515565&end=20200813101617&i=m1&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart2 { background-image:url('/shared/charts/pricechart?symbol=IGC&trade=18515565&end=20200813111717&i=m3&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart3 { background-image:url('/shared/charts/pricechart?symbol=IGC&trade=18515565&end=20200813160000&i=m15&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart4 { background-image:url('/shared/charts/pricechart?symbol=IGC&trade=18515565&end=20200912&i=d&TimeRange=120&Volume=1&ChartType=candlestick&width=450&height=275');}