On watch 11/05/19 from Emil

by | Nov 5, 2019

 

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XNET – behaved very nice in the morning then trapped with that grind , my take here is if will pop and stay under 6.4 will short it risking yesterday highs more or less not going to try to long it in case will build and push or grinds rather wait for b/o buyers to push it into 7 and see it will stuff that area (if this scenario will be in play) so gonna stick w short bias either way

SDC – word to word from yesterday w/l , price met some supply into 13.5 area going to look for pops and back side so 13.3 area to short risking .20.-.30c in order to see a fade towards 12

PDD – nice push into new 52s which was rejected but still closed pretty strong , not a set in stone plan here so depends how will act after the open and especially in the first 30min or so, if won’t manage to push above 43 by mid morning most likely will try shorting it risking yesterday highs more or less OR if going to push and consolidate above 43 well we might see another leg up so will give some time to this one and let it unfold

 

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