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: First Test long of 11.5 level
Confluence: Half $, 3m-JL
Strike Zone: 11.5 - 11.25
Sizing (lots + emergency): 250
Risk (stop / Rs): Hold below 11.25
Review / Lessons Learned
Tiny and negligible win, +0.25R
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2020-11-30 13:57:30 | ACB | buy | $11.940 | long |
| 2020-11-30 13:57:30 | ACB | buy | $11.940 | long |
| 2020-11-30 13:57:30 | ACB | buy | $11.938 | long |
| 2020-11-30 14:01:58 | ACB | sell | $11.840 | long |
| 2020-11-30 14:01:58 | ACB | sell | $11.840 | 0 |
| 2020-11-30 14:41:34 | ACB | buy | $11.460 | long |
| 2020-11-30 14:41:34 | ACB | buy | $11.460 | long |
| 2020-11-30 14:57:38 | ACB | sell | $11.790 | long |
| 2020-11-30 14:58:05 | ACB | sell | $11.780 | long |
| 2020-11-30 14:58:05 | ACB | sell | $11.780 | long |
| 2020-11-30 15:10:42 | ACB | buy | $11.655 | long |
| 2020-11-30 15:11:35 | ACB | buy | $11.660 | long |
| 2020-11-30 15:12:33 | ACB | sell | $11.602 | long |
| 2020-11-30 15:12:33 | ACB | sell | $11.600 | long |
| 2020-11-30 15:12:33 | ACB | sell | $11.605 | 0 |
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