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CHCI: Nasty today, gave chasers a little reality check. Thinking this remains heavy as everyone is bagged, so anything back towards 10-12 area that fails and I’d jump all over this for a short swing idea. And by short swing…I mean cover EVERY night, and revisit the next morning when it gaps up 5-10% like it seems literally every name does. Should be a slow gravity trade back towards $5, absolutely nothing doing here from any meaningful perspective.
CTRM: Consolidation today firmly above $1. This has shown signs of being a meaningful runner, so I am still eyeing it to be just that. Weak open that reclaims/holds $1 and I am a buyer looking for fireworks in the coming days.
SNDL: Weeds speeding up, a little too fast in my opinion, so praying we see a nice morning blowoff 2+ here tomorrow and would have close eyes on it to fade off from there with TLRY (50+ respectively).
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
Thanks, Dante! What are your thoughts on ALYI? Is it for real??
thank you