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CRC: Similar watch as yesterday, watching 9.50 o/u as the level tomorrow, would love to see it test there and fail in the morning to confirm the reshort idea.
NXTC: Should be completely avoided for anyone very new. Area of interest tomorrow on any weak open would be 75 o/u, should that hold this could turn into another rocket ship – will surely have high interest from the short crowd tomorrow, so again if you see a weak open hold and a higher low or two, don’t underestimate another crazy day back up. If it gaps up however – no interest in chasing it long. Would need to see 110-120+ again to be interested in the short idea.
AGRX: Ideally more gap in the morning and 3-3.50 area at open, should attract the chat rats in that scenario, and will likely offer a nice short opportunity from there – anything into low/mid 3s it’ll have my attention for a short. Weak open will ignore. No interest in a long with the big gap – the a/h “air” moves are usually done to make the selling more productive the following day.
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
Hello Dante. By “air” moves you mean the price going up/down with no real volume?
Correct
Ok. Thank you