OddStockTrader Scan 2/18/2020

by | Feb 17, 2020

Hope everyone had a great long weekend. I took the day Friday to just go get some stuff done and it felt kind of great to get that extra day. I think my mind needed it and felt mental exhaustion. Feel really ready to go tomorrow and looks like most of the goodies are in the weed sector chart wise so lets get into it.

CGC – Big gap up on earnings and I think it caught quite a few off guard. Morning washout long with $21.50 as the guide. I will be fast to ditch though if it feels like it will unwind all day though (which if it gaps down it almost ALWAYS does) so won’t be looking to marry it.

TLRY – Lot of calls were hitting this name for next week. Thinking based on it’s close it might have better run chances that CGC but will be watching that $17.50 level closely.

GRWG – Had to put on the big chart here just to show how big of a breakout this had this week. $6.50 gap and continuation.

SPCE – Just unreal since that IPO and first big green day gap up. Really need to be able to hold these longer and I know Nate did very very well. Options market just keeps jamming it higher like TSLA was doing so will be watching that for once puts start to cross. Can easily be $30+ tomorrow.

HEXO – Ideally flat open with the bigger names to confirm the trend continuation tomorrow.

GNLN – $2.50 breakout if the rest go will look to join on that.

CAN – Bitcoin and others smacked hard over the long weekend. Will be interesting to see how hard this fades if at all. I would expect $6 washout to be likely.

HOSS – Cheapie worth an eye for continuation.

1 Comment

  1. Thanks!

    Reply

Submit a Comment

Your email address will not be published. Required fields are marked *