On Watch 3/18/21 From Dante

 

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ZCMD: This is exact same algo on others recently. So hoping to see this pop back thru 3 early and then slow bleed rest of session. If it’s same guy as CHEK and CANF, it should be a nice slow “boring” fade down tomorrow, keep eyes on it.

HUGE: Same idea here, this one’s already had it’s moment in the sun, creating more and more bags every pop like today, so thinking it’s met with steady selling pressure from everyone with 2.75+ averages. 2.50-2.75 is my area of interest to get back involved, and looking for the slow fail from there back down towards 2 in a day or two.

FTCV: This one got the CNBC kiss of death yesterday afternoon, If you don’t know what that is, every time an idea is pitched as “bullish” on CNBC, it’s mysteriously met with an endless seller the following day who can’t get rid of enough into every unsuspecting buyer. Weird! It’s definitely not CNBC using their viewership and influence to help big players move large amounts of shares with better liquidity. It’s definitely not that. But either way…I think this idea is very pumpable, and easy for the masses to get behind. I’m looking at it on all weakness from here when nobody wants it 12-13, and thinking more of a swing idea over the next week or two long. Could see this back in high teens in no time when they flip the switch back on.

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See you out there!

-D