On Watch 10/28/20 From Dante

by | Oct 27, 2020

 

Check out my audio-blog series, where I narrate all my favorite blog posts for you guys. You can find that here. 

Curious what it’s like to be a member at Investors Underground? Here’s a tour around the community. 

Also we’re running some really great sales right now if you’ve ever been interested in joining IU – now would be a good time to do it. You can have a look at those options here.

SRRK who knows. Not even going to try and gameplan that for tomorrow right now.

SNAP: Nice plan today right into 42 & fail. That’s good news for the bigger pic downside trade in my opinion. Remember this is the same troubled company that was in single digits not too long ago, just temporarily delaying its drift to irrelevance by the pandemic. Looking for any little gap up tomorrow or early shove, and then looking to resume the short trade again, and will be thinking swing if we can get a good 41-42 avg and we head sub 40. Using todays 42 area as a guide if shorting below there tomorrow.

PLTR: Liking the look & daily of this one a lot. Nothing “crazy” today intraday, which. leaves hope we’ll still get a big intraday extension move. Anything early and quick into 12-13 and would be looking to fade that. Weak open, will ignore, probably a trap.

JMIA: Expecting a big move down soon. It’s slowly leaving peoples radars more and more each day. And I have a feeling this is one you’ll forget about and check a week later and say “damn, when did that go back to $12.” So nothing I’m immediately keen on forcing, but eyes on it every day for more weakness signs and looking to initiate a “set and forget” swing.

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

2 Comments

  1. Thanks for this your scan is right along with what I’m thinking when it comes to PTLR as well as JMIA I’m holding out for something decent.

    Reply
  2. Thanks Dante

    Reply

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