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OCGN: Absolute perennial shitbag of the day award, sick squeeze a/h to turn the screws a little more. Would love to see some continuation off the 7 gap and then we have a nice spot around 8 to start focusing on the short. Wouldn’t shock me at all if we never get that far though, this is truly one of the piggiest pigs out there. Hopeful though, so if there’s any speed up 7.50+, it’ll have my attention, otherwise will prob skip over this. Lot of shorts involved due to the excessive piggy-ness here, so not interested in chasing weakness or fighting with it – simply looking to grab a buck or so off a speedup that you can identify with a fairly high accuracy as a squeeze.
GALT: I lied. Just skimmed my scanner again and saw this one back in play. Truly piggier than OCGN… LOL. Oldie NASH name that never has anything material going on. They just repackage the same hype over and over, it’s quite funny they get people to bite again and again. Anyhoo, pretty nice slow march thus far, so no “exhaustion” that I can see to date, but we’re likely approaching that soon, anything 3.25+ tomorrow towards daily resistance and you’ll see the volume magically appear, and that’s when it will hit my radar for possible short entries. Just price alerts set for now, not interested in doing anything 2.75-3.25 area. As close to a “sure thing” as they come to shit the bed in the not too distant future though, investors will be disappointed for the errr…..11th time? I ran out of fingers to count on after 10 but I think that’s what comes next.
CCL: Last few times we saw a nice up candle with strong close, these things ran for days/weeks to follow. Wouldn’t be surprised to see the same after today’s candle, so have eyes back on travel and leisure. Watching for weak opens to get saved and that’ll likely lead to a march back up. Long bias next few days in these, with market cooperation of course. See also: Your favorite travel/leisure name. They’ll all go/not go together.
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See you out there!
-D
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