Shared by
beno
Fundamentals
-No warrants
-No Dilution
-Enough cash for few months
Catalysts / News / Painting the picture
-Sep 24 2020: SPI sympathy
Technical Analysis
-SPY pattern: Runner
-Intraday pattern: Bear Flag
-Other notes: N/a
Strategy / Confluence / Sizing Guide / Risk
Strategy: Distribution
Confluence: N/a
Strike Zone: N/a
Sizing (lots + emergency): 10000
Risk (stop / Rs): 2.21 (HH)
Review / Lessons Learned
A grade distribution setup, ticker really weak in morning and many longs still bagged, risk was tight and had to stop out because stock made a HH and broke down trend line.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2020-09-25 11:17:12 | CBAT | sell | $2.160 | short |
| 2020-09-25 11:20:03 | CBAT | buy | $2.210 | 0 |
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