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AVXL: We nailed this read today, actually got both trades long and short lol. Perfect para fail out of gate & 3.60s-70s hold as expected. We closed pretty close to where we did yesterday so I’d say same exact plan.
Yesterday: If there was a Mount Rushmore for perennial shitbags…I’m not sure if this would be on it, but it would be knocking on the door. Love when this thing runs. Seems destined to blow through 4, so a weak open tomorrow would not interest me short. You could probably call that a decent long idea actually – if weak open down into 3.60-.70 area, that’ll probably be a trap for move thru 4. Only way I’d like a short out of the gate is if we got higher. Hopefully chat rats jump on it and shove it thru 4 right out of the bell and look for a short scalp idea, then re-evaluate it from there.
UBER: Kind of beat down last two days, I think that’s setting up another long trade tomorrow. Ideally SPY cooperates and this stays above 44 and probably provides a nice long idea on dips all day.
AMRN: Quite the volume and bull trend today. Ideally we get a pre gap and rush on those mid 23s for the short idea. Would have to see it up there to like it short though, If we get a weak open I’d watch it to stall around 21.70-22 area and see that as a nice long opportunity/short trap for fuel towards the eventual 23s move.
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
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