Free Scan: Stocks To Watch For February 5, 2024

by | Feb 4, 2024

I hope everyone had a great weekend. We have an exciting Sunday Scan this week. Chris from Trading Takes joins us to discuss the week ahead.

Video Topics:

  • New Tech Page! We’re 20% of the way there
  • Subscribe on YouTube – Don’t Miss What We Have Coming!
  • Trading at IU alongside traders like Chris – My value?
  • Macro action META! AMZN! Stocks That Double … Bigger Themes Chris?
  • SMCI NVDA theme (Large Cap vs. Small Cap)
  • ALERT: SUPER Predictable Cycle – GRI NEXI PBLA NVVE REVB CING
  • 3 Years Later IB Warns Clients “Ramp and Dump”
  • WNW RTC CCTG etc. SJ (Other Watches)
  • NYCB – Bank pressure anchor concept? KRE ZION WAL
  • Liquidity Trap vs. Compounding vs. Transitional Day (ONMD vs. MINM/NEXI vs. NKTX)
  • Psychological/Emotional Strings Pre Friday = MINM
  • MARA and BTC Thoughts?
  • Comments on Fed and Rate? Split Market?
  • Chris Video This Week! (Subscribe to be alerted)

Video Scan and Game Plan

Stocks to Watch

MINM possible failure to deliver Monday/Tuesday — be ready to adjust thinking if it ends up meeting inventory off open or shortly after.

NRBO nice opportunity on Friday but annoying since my cover was at $4.55 and it hit $4.56 so I ended up trying to give it time and covering $4.90s which was not a huge difference but enough to be annoying when you’re a penny away from a fill. Ideally we have T+2 covers and then failed follow through unless it does the compounding liquidity trap into 945-10AM+ in which case be ready to adapt and don’t force a thesis to play out.

RUM watch for failed follow through vs $7

Failed Follow Through:

ALT higher better for back side

PLUG $4.50 key on this daily — more it holds more likely it could take a leg up and squeeze but all gaps that fail vs. VWAP I am interested to fade. Don’t force it this may want to go sideways for a few days.

NKTX morning shove for failed follow through – think back to ALT CCCC AAOI GCT recent set ups we went over

Continuation:

PXLW dips for break out vs Friday low

CELU walk up name watch for over extension opp

BTOG ramp portion of the ‘ramp and dump’

KUKE looks like the ‘ramp’ beginning

LXEH been on scan since $2 – still walking it up

AHG new China one being walked up

GSUN former liquidation play being walked up

Staying Familiar:

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