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VRPX: This one hopefully has one more morning shove in it tomorrow, ideally we see back over 22 early, and then looking to fade it from there.
AMC: This one is still providing some great trades. It kind of held up today, pretty steady bid refresh after the midday selling, so that has me hopeful that it’ll continue tomorrow and maybe 40 in the cards. If there’s one thing to note on this one, it’s be mindful of key levels. They love to spike it, trap, send it through, and it always goes a little further than you think. Dream scenario for me would be morning shove 38-39, fail, trap send through 40, and goodnight. (similar to todays morning action with the shove, trap/fail, continuation before death).
DIDI: Mentioned this last week for a potential swing idea soon, if you were looking for the pullback off 10, higher low on daily for confirmation, this may be it. I refuse to believe China will ruin the company, and I really feel this is a huge opportunity long for a very good company. Of note recently are some funds taking stakes, as well as a lot of $5 puts going off at the same time. More than likely those are a hedge for some folks taking some heavy long exposure, that’s my guess. So I’m likely starting the swing tomorrow on dips with a low 7s stop. Risking $1 to make much more than that if we’re right. Will trade this one in the IRA and hold for a while should it be correct.
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
Good morning Dante thanks for the watchlist
Thanks
Thank you, Dante!