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
-Nov 27 2020: Federal Marijuana Legalization Bill Will Get A Congressional Vote Next Week
Technical Analysis
-SPY pattern: Bowl
-Intraday pattern: Bull Flag
-Other notes: N/a
Strategy / Confluence / Sizing Guide / Risk
Strategy: FT-15 long of 10.5 level
Confluence: Half $, Prior Close
Strike Zone: 10.6 - 10.4
Sizing (lots + emergency): 500
Risk (stop / Rs): Hold below 10.4
Review / Lessons Learned
Not A+ so no major size, nice +1R wallet padder scalp
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2020-11-30 09:35:30 | ACB | buy | $10.650 | long |
| 2020-11-30 09:35:30 | ACB | buy | $10.650 | long |
| 2020-11-30 09:35:30 | ACB | buy | $10.640 | long |
| 2020-11-30 09:35:30 | ACB | buy | $10.640 | long |
| 2020-11-30 09:35:30 | ACB | buy | $10.640 | long |
| 2020-11-30 09:35:50 | ACB | sell | $10.830 | long |
| 2020-11-30 09:35:50 | ACB | sell | $10.830 | long |
| 2020-11-30 09:36:15 | ACB | sell | $10.930 | long |
| 2020-11-30 09:36:15 | ACB | sell | $10.930 | 0 |
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