OddStockTrader Scan 5/19/2020

by | May 18, 2020

Wowza, my 2nd best single day ever today and it was all pretty much right out the gate. Had a few other great trades and swings that I didn’t lock in but overall what a ridiculous day! More tomorrow please! Tonight will be a big list as there are quite a few names to focus on out there. Pick your best and trade what you know. If you have any questions about joining IU feel free to hit me up on Twitter or leave a comment below. On to the list.

ACB – Should be blow off top tomorrow but I think just on this one. The overall weed sector can tend to keep going even after the head of the snake comes to a stop. Ideally $23-$25 for the parabolic short. It however can do exactly what It did in December and just open fade. I will be looking for additional puts out the gate regardless then focus on the stock.

KERN – Former weed runner and that $8 level can be a fast breakout. Will watch this out the gate as well for a sizable position.

YCBD – Into the $2 after hours and pretty clean until $3. Morning washout into $1.90s for long.

DAL – All of the airlines are hot and the call flow today for the week was insane. Likely gap and test $25 on this one. UAL AAL similar ideas if you prefer those charts.

NCLH – Cruise lines same story as Airlines. Market wants them all badly. Thinking gap and parabolic for short if it nears $18s though tomorrow.

SHRMF – Sick swing off $1 area so far here. Possible $2 parabolic for short or big washout bounce trade in the $1.25s area.

KIRK – Over $1 after hours and I think this one could still survive in the home good section. I even shop here and its always busy when I go. With Pier 1 BK there are not many players left in the space. May even take some for a long term trade as well.

JCPNQ – Will be a new chart and probably in the .10s. Might not get the first day long on it but I will be hawking this one for a good month until the play comes. I plan on starting in and adding even if it goes lower. I know the shares are ZILCH but that has never stopped a 1,000% move from happening first.

SSINQ – Will long when and if JCP goes.

KSHB – Big daily breakout on the .75s here today. Gap and run into $1 possible. If gap is low enough I will look to add.

CVSI – Similar story here but finished just above that .50 key level. Can get thin if eyes are on it. I think possible .75s tomorrow if sector stays hot.

BILZF – .65 key level for fast breakout

CLIS – Washout under .20 to rejoin long.

POTN – NO CHART but a penny name that ran hard with weeds back in the day so worth an eye.

 

4 Comments

  1. Thanks friend, I got burnt with ACB back early when the big boom was on and totally let this get by me today because of that, I hope to get in next time it pops!

    Reply
  2. Thanks

    Reply
  3. Thanks!!

    Reply
  4. Thanks

    Reply

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