On Watch 4/21/21 From Dante

 

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NGTF: Hopefully some took the time to look into this swing. I initially brought it up at .17c a few months back, then again a week or two ago at .29c thinking a breakout was imminent, and now here we sit up almost 200% near 50c. This idea involves a little foresight and faith, as the current numbers don’t necessarily justify an investment, but the more I look into it, the more I like it. Today they announced details of the Walmart partnership, where they will be on shelves in over 1,000 locations. It’s fantastic news, for a number of reasons. Either way, I think the party is still just beginning, even at these levels. Multiple fundamental reasons to believe this will hit $1 eventually. I will continue to purchase more on weakness in the coming weeks, Been an absolute killer thus far, hope you’ve joined Cody and I 😉

BTX: Absolutely nothing happening here besides supply/demand games. They’ve made it very evident they’re placing a focus on badgering shorts (my opinion), and judging by the looks of the chart zoomed out, you can bet there’s a lot of frustrated shorts that have “max pain” numbers around 14 for this trade, so I think there is a good possibility that’s where the “fireworks” liquidity exit takes place. So I’m long bias tomorrow and next few days, looking for weak opens to hold, and key levels to breach to the upside. Can get nutty in a hurry. Never chase these it’s nothing more than a technical play, but keep eyes on it, may provide another great trade to the upside soon.

FCEL: Thing has been brutally beat on, but you can clearly see the volume cranking up the last few sessions. This will typically indicate a reversal is due soon, and a concept called “seller exhaustion” which I’ve talked about often in the past. We got the big sell day candle, and now the first round of dip buyers have failed and left, so if it’s ever going to happen, it’ll likely be very soon. Weak open would be best case scenario and then look for weak open sub 8.50s to reclaim, and that’ll be the sign that it’s worth a shot long early/mid morning with a LOD stop.