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JMIA: They’re really milking this one good. Nice ugly move this am & grind from Hell all day long. At this point thinking some still fighting, so hoping to see a 20 shove if we are to head higher. Plan would be any shorts tomorrow, use an 18.50 guide to stop, if it goes above there then it’s probably 20. Any weak opens and squeeze move, will be eyeing that 20 area to start short. Just know how this one trades – when they’re on it, they’re on it. And when they’re done with it, they’re done with it. What I mean by that is that it will be a very easy swing short trade once the objective is achieved, whatever that may be. And in the meantime, do NOT fight it.
SNAP: Pretty nasty EOD squeeze. Hopefully if short you were mindful of that 42 level breaching and didn’t fight with it. At this point I feel it can go either way in the immediate nearterm, so my thoughts would be to fade the open look here. Gap up/open shove 44+, will have eyes on it like a hawk to fade that once a top and lower high are in. Any weak open that holds 42 area, I’d look at that as a possible long try with that 42 area as your guide.
ZDGE: Watching this one tomorrow am, looking for any shoves into 3.50-3.75 zone to fail and if they do I’m interested in hitting pops short from there. Absolute turd of a company, and not expecting much more from here.
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See you out there!
– D
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