On Watch 11/20/20 From Dante

by | Nov 19, 2020

 

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

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WWR: Hanging around pretty good here. Seems like it’s destined to breach the recent 6.60 highs, so hopeful for that and then would be looking for short entries around 7 should it reject. If it hangs around 7, nothing to fight with, the next area of interest isn’t until 10. The other play would be any weak open that reclaims 5.70s, if you wanted to long that for the eventual breach of 6.60 recent highs.

AYRO: Has the feel to fade the open look on this one. Either 7+ early out of the gate towards 7.30s daily candle and fade it from there, otherwise weak open mid-low 5s that holds for continuation higher.

KNDI: Totally nuts. And as sick as it is, still hasn’t really had that intraday “F U” move to shorts, could see higher yet. In any event, it’s set up a pretty clear trend, which I drew on the chart for you. So 13.50 should be your area of focus tomorrow on any weak open, if it holds, it’s probably a good opportunity to get long again. Otherwise, gap up/open shove 16+ towards 17 and would start to think about fading it from there.

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

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