ACB Trade on Sep 22, 2020 14:37 from beno: Tradervue User Stock Trades.

Shared by
beno

Fundamentals

N/a

Catalysts / News / Painting the picture

-May 14 2020: Earnings - Net rev up 15% Q/Y - Weed sector strong compared to SPY
-May 21 2020: NY Post - Scientists believe cannabis could help prevent and treat coronavirus
-Sep 22 2020: Reporting earnings tonight

Technical Analysis

-SPY pattern: Afternoon Runner
-Intraday pattern: Bull Flag
-Other notes: N/a

Strategy / Confluence / Sizing Guide / Risk

Strategy: Mountain
Confluence: 1m-JL
Strike Zone: N/a
Sizing (lots + emergency): 250
Risk (stop / Rs): Hold of VWAP

Review / Lessons Learned

Was hoping for further weakness but bidders stepped in at VWAP, was only in a starter so scratched it when it held, would have gotten back in after a clean VWAP break.

Execution detail:

Date/time	Symbol	Side	Price	Position
2020-09-22 14:37:40	ACB	sell	$7.250	short
2020-09-22 14:37:40	ACB	sell	$7.250	short
2020-09-22 14:37:40	ACB	sell	$7.250	short
2020-09-22 14:41:23	ACB	buy	$7.230	0

#chart1 { background-image:url('/shared/charts/pricechart?symbol=ACB&trade=19666685&end=20200922151023&i=m1&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart2 { background-image:url('/shared/charts/pricechart?symbol=ACB&trade=19666685&end=20200922160000&i=m3&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart3 { background-image:url('/shared/charts/pricechart?symbol=ACB&trade=19666685&end=20200922160000&i=m15&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart4 { background-image:url('/shared/charts/pricechart?symbol=ACB&trade=19666685&end=20201022&i=d&TimeRange=120&Volume=1&ChartType=candlestick&width=450&height=275');}