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VIAC: I think it’s finally time. Dip buyers been getting punished to no end, but more important to me is that volume on Friday afternoon into close. Real “exhaustion” feel to it, and I think the big down days are behind it. Nice sign leveling out today, I’d love to see one more weak open tomorrow back into low 40s, shake out some of the folks from today with (either much higher) or at best 45 avgs who didn’t get the move up today they were hoping for, and then I think we get a huge relief rally on it in the next day or two. Big opportunity brewing.
CYAN: One of my favorite setups. The great short trade that “gave it all back” but in reality, still owes us $1+. A morning shove back above 4.50 resistance from today to shake out a few more shorts left, and then fade from there and swing idea would be how I’d look to play this.
HOFV: Seems inevitable we’re going to take out high 7’s resistance to give shorts max pain here, and really hoping that’s the case. So either weak open and think it gets saved for that to happen, or open shove 8+ into maybe even into 9s with the help of short covering, and I think it will be a great short up at those levels 8s-9s if it happens quickly and early tomorrow morning. See what we wake up to.
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See you out there!
-D
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