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
-Nov 06 2020: Sympathy from Joe Biden as potential president
Technical Analysis
-SPY pattern: Consolidation
-Intraday pattern: Mountain
-Other notes: N/a
Strategy / Confluence / Sizing Guide / Risk
Strategy: Parabolic Fade
Confluence: N/a
Strike Zone: N/a
Sizing (lots + emergency): 250
Risk (stop / Rs): 9 reclaim
Review / Lessons Learned
Knew shortly after getting in wen I saw it holding with symmetric volume that it would most likely be a cut, -0.5R cut here
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2020-11-06 09:40:23 | ACB | sell | $8.860 | short |
| 2020-11-06 09:43:08 | ACB | buy | $9.000 | 0 |
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