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RAIL: Railed some shorts today, bell to bell. Literally nobody was let out, so really hoping there’s a finale tomorrow am, with a shove through 7 and then looking for fails from there.
MVIS: Perennial shitbag of the day award. Extremely poor company, and very excited to see it back on the move up here. Perfect world we get a shove back anywhere near 20 early and then looking for it to sit back to 14-15 by end of the week/early next week. This is one you’ll want to not forget about on Friday and Monday once everyone else moves on. I know I am a broken record with commenting on that as a strategy, but I’m saying it for a reason. That’s because it works.
“Damn when did MVIS float all the way back down to 12” – this is a quote by: Hopefully Not You.
HOFV: This has a nice look zoomed out, sub 5 and it’s over. On the edge of the “forever-fade” mode, where nobody cares about it and it just slowly bleeds for multiple days. My favorite type of idea: Slow, boring, and profitable 🙂 Ideally some early covers get us back to mid high 5’s and then eyeing short entries for a swing trade, adds if 5 becomes resistance, and targets 3-4 in a week or so.
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
Thx so much, Dante!
Very clear $HOVF set up – thank you, good sir
love the confidence
Thanks man, always great explanations of your thesis