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
-Dec 04 2020: House voted to pass marijuana legalization bill
Technical Analysis
-SPY pattern: Bull Flag
-Intraday pattern: Rug Pull
-Other notes: N/a
Strategy / Confluence / Sizing Guide / Risk
Strategy: First Test long of 11.75 level
Confluence: VWAP, 1m-JL
Strike Zone: 11.8 - 11.7
Sizing (lots + emergency): 500
Risk (stop / Rs):
Review / Lessons Learned
Recycling around small core but didn't like the tape in the end so cut my core and took the 0.5R win
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2020-12-04 12:39:00 | ACB | buy | $11.880 | long |
| 2020-12-04 12:39:00 | ACB | buy | $11.880 | long |
| 2020-12-04 12:39:00 | ACB | buy | $11.880 | long |
| 2020-12-04 12:39:00 | ACB | buy | $11.880 | long |
| 2020-12-04 12:40:17 | ACB | sell | $12.000 | long |
| 2020-12-04 12:40:17 | ACB | sell | $12.000 | long |
| 2020-12-04 12:44:38 | ACB | buy | $11.820 | long |
| 2020-12-04 12:44:38 | ACB | buy | $11.820 | long |
| 2020-12-04 12:44:38 | ACB | buy | $11.820 | long |
| 2020-12-04 12:47:14 | ACB | sell | $11.912 | long |
| 2020-12-04 12:47:14 | ACB | sell | $11.910 | long |
| 2020-12-04 12:47:14 | ACB | sell | $11.912 | long |
| 2020-12-04 12:48:57 | ACB | sell | $11.823 | long |
| 2020-12-04 12:48:57 | ACB | sell | $11.823 | 0 |
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