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: Rotation
Confluence: N/a
Strike Zone: N/a
Sizing (lots + emergency): 250
Risk (stop / Rs): Different for individual attempts
Review / Lessons Learned
Worthy attempt to try and capture further upside, volume component was there but in the end sellers were in control. -0.5R
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2020-11-06 13:22:45 | ACB | buy | $10.980 | long |
| 2020-11-06 13:22:45 | ACB | buy | $10.977 | long |
| 2020-11-06 13:22:45 | ACB | buy | $10.980 | long |
| 2020-11-06 13:24:50 | ACB | sell | $10.880 | long |
| 2020-11-06 13:24:50 | ACB | sell | $10.880 | long |
| 2020-11-06 13:24:50 | ACB | sell | $10.880 | 0 |
| 2020-11-06 13:43:44 | ACB | buy | $10.920 | long |
| 2020-11-06 13:43:44 | ACB | buy | $10.918 | long |
| 2020-11-06 13:43:44 | ACB | buy | $10.920 | long |
| 2020-11-06 13:45:13 | ACB | sell | $10.905 | long |
| 2020-11-06 13:45:13 | ACB | sell | $10.903 | long |
| 2020-11-06 13:45:13 | ACB | sell | $10.905 | 0 |
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