On Watch 09/09/20 From Dante

by | Sep 8, 2020

 

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WKHS: Like this look on the daily a lot. Clear squeeze through recent daily highs today – so monitoring for bigger picture downside here if upper objective reached. Ideally see any push into 23 tomorrow fail and then looking to short pops from there. Eyeing 20 as a new important spot, so don’t want to be shorting down into that just yet, therefore weak open will ignore.

NKLA: I think they run with this news, just not sure if it’s tomorrow. Would think lots looking to buy the dip so may not work, but eyeing this for bigger picture upside in coming days. Tomorrow however, will be looking to fade any open strength back towards mid-high 50s for a scalp.

AAL: This has been very steady and notably strong through all the turbulence, however the AZ vaccine trial halt should likely spook some here, so back below 13 support, I’d expect to see even further bleeding back down toward 11 in the coming days. Keep an eye on it but definitely not bullish in the immediate short term with vaccine issue fears in the air, should provide a nice opp for some short scalps lower.

Shoot me a message anytime in chat (DGTrading101 is my IU handle) and I’m happy to discuss your trade ideas with you. If you’re not an IU member and would like to become one, you can join us here.

See you out there!

– D

1 Comment

  1. Woulndt 308 on TSLA be 5x that? So 1540

    Reply

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