On Watch 10/14/20 From Dante

 

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AEMD: Liking this setup a lot, into 2.50 on the daily is a nice level to start thinking fader. For tomorrow a flat open and blow through recent 2.30 highs into 2.50 would be the ideal scenario and looking to short it from there once sellers show up.

WWR: Nice and beat down last two days, still decent volume, so watching for the day it has a weak open that reclaims the opening 20min candle high and could see a decent .50c-$1 follow through squeeze should that setup arise on short covering. Nothing I’m overly excited about, but monitoring for a potential long relief rally soon.

IH: What can you do but laugh at this one. One of the dumbest/most unwarranted names out there recently and nothing more than China smoke and mirrors, their specialty. An IPO so not enough data to have any real conviction, but this one should see big fades soon. It’s still very “in control” relatively speaking, there’s extension but slowly and with rest period to rope in new shorts along the way, so I’m not convinced it’s done – but one I’m monitoring for a day it has a big open push to fade it for a quick couple dollar trade on the short side.

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See you out there!

– D