Shared by
beno
Fundamentals
-Float = 6.5M
Catalysts / News / Painting the picture
-Dec 17 2020: Announces FDA Approval of IND Application for its Brain Cancer Drug Candidate Berubicin
Technical Analysis
-SPY pattern: Consolidation
-Intraday pattern: Bear Flag
-Other notes: N/a
Strategy / Confluence / Sizing Guide / Risk
Strategy: Micro Distribution
Confluence: N/a
Strike Zone: N/a
Sizing (lots + emergency): 1000
Risk (stop / Rs): 2.52 (3c)
Review / Lessons Learned
Another nice micro distribution, made 2R but less P&L per R than average due to small range and tight risk.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2020-12-17 10:51:09 | CNSP | sell | $2.490 | short |
| 2020-12-17 10:51:09 | CNSP | sell | $2.493 | short |
| 2020-12-17 10:51:09 | CNSP | sell | $2.490 | short |
| 2020-12-17 10:51:09 | CNSP | sell | $2.490 | short |
| 2020-12-17 10:56:11 | CNSP | buy | $2.420 | short |
| 2020-12-17 10:56:23 | CNSP | buy | $2.430 | short |
| 2020-12-17 10:56:23 | CNSP | buy | $2.420 | short |
| 2020-12-17 10:56:23 | CNSP | buy | $2.430 | short |
| 2020-12-17 10:58:16 | CNSP | buy | $2.400 | short |
| 2020-12-17 10:58:16 | CNSP | buy | $2.400 | short |
| 2020-12-17 10:58:16 | CNSP | buy | $2.410 | short |
| 2020-12-17 11:01:59 | CNSP | buy | $2.440 | short |
| 2020-12-17 11:01:59 | CNSP | buy | $2.440 | short |
| 2020-12-17 11:01:59 | CNSP | buy | $2.450 | 0 |
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