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CEI: Was really hoping for that volume push through $2, never got involved today. At this point, if continues to linger above 1.60, we could be in for some T+2 fun and still see $2+ yet for the real swing short trade in a day or two. Possibly wishful thinking, this really is hot garbage. Maybe they can run it premarket one of these next few days, but currently at these levels, not really a good trade yet. Monitoring here, hopeful for higher, but thinking it just fizzles out. Nice opps to scalp this in that case if you can afford to use size.
LPTX: This is going to end poorly soon. Churned and held gains pretty well today, so this has the look it may want to bust out 3+ tomorrow. That’s what I’ll be looking for, and paying very close attention to the volume. When you see the big bars, it’s time to start thinking short. Low/mid 3s best case scenario here for entries tomorrow. Weak open/gap down, will ignore.
OPAD: Not expecting much more out of this tomorrow, most shorts left into close you’d imagine, and that was even further confirmed by the weak a/h action. Probably some violent pops early tomorrow, but thinking the overall trend continues lower while they still have some volume around to sell into. Lot of range, so not going to talk specific levels, but short bias for sure.
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See you out there!
-D
Good morning Dante thank you
Dante nice call on LICY try to find on momo room but you info ins not present