OddStockTrader Scan 5/26/2020

by | May 25, 2020

Last 4 trading days of the most incredible month of my careers so lets finish it out strong. Summer is right around the corner so if you have been pressing on the gas during this time with trades it’s a great idea to refocus after this month is over, take stock and see where you are at. I expect many to be going outside and enjoying life after being forced to start trading as a hobby. Let’s face it, record brokerage numbers out there can easily go back to normal once life resumes.

I still like a few areas for my main focus this Tuesday and possibly the rest of the week so let’s get into the names as there are a lot.

TLRY – Could very well be very heavy after the poorly timed 500k buy alert by a newsletter but we shall see after the market likely gaps up 1.2%+ Still think if we clear out some of the sellers of that buy we could bust into $12-13 tomorrow.

CGC – A much cleaner moving name that I will focus on more tomorrow than TLRY since it may be heavy now. Ideally morning washout and reclaim into $20 push.

HTZ – Options told the story here. They were a little juiced into the 22nd event but they did file for chapter 11. Puts should be a nice double and then we get the Q added on! Which I think there will be some wild Q moves during even the summer or later.

NCLH – There is a possibility of the no sail order being lifted by the CDC at any point in time. I expect a 20%+ move in a day across the board on all the cruise names regardless. The call action Friday into the close was pretty wild and it could very well happen this week. That is my trade here, options bet until announcement then long the stocks.

RCL – Same as above. and also CCL

KERN – Ran right into $9.22 resistance but if weeds stay hot then I fully expect $10 breakout into $12s

SRAX – Just some interesting hits Friday. Kept a small swing on just in case someone knew something with the block buys.

BUDZ – Crazy move but the top was marked with a newsletter. Idealy play here is .40 washout for long swing.

OWCP – Still on swing and that .0125 can spark it if it comes.

TLSS – Impressive looking pump chart here off bottom. If it can clear .08 I would expect likely an intraday double on it.

MYMMF – Weed name with some action, see if it can follow through tomorrow.

ITHUF – Same as above but that .25 level can bring a nice push into .30-.40 this week.

KSHB – One of my main watches out the gate for a long right in this area. Using .80s as the guide but can easily be thin into $1 area.

MRMD – Nice breakout that I didnt want to chase but tends to have a good day two. Will be watching for that .30 breakout and retest for the long.

6 Comments

  1. Thanks, when do you see the Q getting added on HTZ? Is it usually a couple days or week? I think JCP was pretty quick but it probably varies.

    Reply
  2. Thanks

    Reply
    • So, for BUDZ would that be like a washout on a bullish close? And when you say swing do you mean overnight or potentially for longer?

      Thanks.

      Reply
  3. Thanks! Great report!

    Reply
  4. Thank you man!

    Reply
  5. Thanks for all the details and specific numbers to watch. Appreciate it Cody!

    Reply

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