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UBER: Nice candle today. Will be on radars now obviously, so will be looking to fade whatever it looks like early. Weak open 52 area for a hold and possible push 54+, otherwise gap up/open shove towards 55 and then looking for it to roll over from there. Would join on pops once a defined top in to risk off of.
GMHI: Oh man. Hopefully comments yesterday of avoiding shorting any early weakness helped you not get caught today. What a look this has now a/h – they’ve got shorts absolutely bent over a barrel. May be one to hold your breath buying dips and if you lose you lose (be smart), but if this one does what I think it may, we could see a nutso move to upside in the next day or two. Tough to think short at all right now with how buried current shorts still are. It usually has to end badly before the real short trade can begin, and I don’t think it’s at that point yet.
CATB: Oldie perennial shitbag. Absolutely nothing doing here, still a good .50c+ meat on it, ideally a gap up/open shove back anywhere near 2.50 and would love to fade it there. Another swing type as once the momo moves on, this will have a slow date with gravity back right down where it started. Complete trash name.
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See you out there!
-D
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