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CHEK: Sick one today – still lot of room to go I think, pretty lame news, expected news, and no short term catalysts to keep it alive. Hoping we get a nice early squeeze out into 3.50+ for another opportunity to get it short again.
SOS: Love to see this one back in play. With stimulus money hitting, it’s not crazy at all to see bitcoin making a strong run back through 60K soon, and if that’s the case, you’re going to want to be long SOS again. Seems inevitable this sees double digits again soon if bitcoin cooperates, and a lot of short interest here too which makes the potential even better. Watching on all dips for a move into 10+, again with bitcoin’s cooperation.
AMC: Diverging from GME, which essentially just means shorts stuck, and the algo had some fun supporting one of these without the other just to switch it up and create another squeeze environment – the only thing these absolute pieces of garbage are good for. That said, I want to see some insanity here and a move back up into high teens at least (gap up/open shove getting there quickly would be nice) and then I think huge short trade coming, but not before they annihilate everyone who’s there now and early first. I like that it was able to trade mostly sideways all day and hold the gains. It let moving averages catch up, and we can start all over from square 1 higher again now. Look for this trade when it speeds up even more (candles and volume), not as it’s grinding higher like today. Anything 16-17+ early and it’s got my attention. No interest right now.
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See you out there!
-D
👍.
I also really like the baggies waiting up there on AMC/SOS
great scan, thanks 🙂