OddStockTrader Scan 9/24/2020

by | Sep 23, 2020

This market is one and done type of moves lately, not much follow through with SPY cracking each day lower but still some insane moves out there. Going to come with an open mind tomorrow and trade what shows up.

SPI – $1 to $40 is pure insanity and account blowups. Pretty crazy but it can just fade all the way back to $2. Will keep an eye on it but best have on radar in like a week or two weeks for a secondary squeeze move.

WKHS – Ideally $20 washout for bounce play long.

NKLA – Smoked today but thinking we can get $18.80s for the long bounce trade just on the basis of a short cover.

CRSR – Not the result I was looking for with the long and biggest losing trade today. Still like the name but market may need to turn around for this one to catch some legs. Keeping on radar rest of the week for any basing action for the long.

CMPS – Held ok today. If the $35s base tomorrow without failing will look for that long trade again.

GDRX – Similar as above but using that $48 level for entries.

LSF – Big move and close decent with market as failing as it was. Will look for dips and $35 to hold for a day 2 move.

UONE – Former runner like SPI and chart near a big level. I prefer it to show that $4.75 breakout then join it on the long side for possible nutty move.

 

3 Comments

  1. Thanks Nate. I’m new and learning the ropes here. It’s a bit disorienting to see your scans long biased in a market meltdown and normally short biased when the bull is running.

    Reply
    • Argh! I thought I was reading Nate’s scan when I wrote that. Now it makes sense lol.

      Reply
  2. Thanks Cody!

    Reply

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