Scan for 01/22/20 From Nate

by | Jan 21, 2020

Killer work today!

SPCE into range expected – still looking for same stuff hopefully scan comments helped!

NVAX long was a beauty! Nice squeezer throughout the day very happy with my exits. Given what we KNEW as I said I would NOT be over night NVAX at 8:49AM and sure enough $100 mil filing, doesn’t mean it’s going south despite the yank AHs — but just need to be aware of it. They want to take advantage of this volume for sure. What a break for them.

On that note, NNVC another one that as explained today #KnowWhatYouOwn – hey if you want to be over night and gamble that’s your thing. Not for me, given the $12 ish shorts (didn’t alert too thin – just discussed it in the Trader’s Lounge) and started to warn when I felt bearish — I am looking for them to follow through with what we know is likely close. We’ll see. Stay safe. If I had a crap average I wouldn’t have held, it’s still thin so have to be careful.

GNPX as suspected nice circuit halter, wasn’t too much on it though unless shorting into strength and letting it work which in hindsight sure woulda worked real cleanly but – I didn’t get there.

Couple scoops AIM and BPMX worked out REALLY well today, sold a bunch into the rips as I did not expect the break out in the manner that they did, re added small on BPMX from the sells. AIM I did not add back holding 1/3 that move was wild.

Here’s game plan:

Main Watches:

SPCE higher better $18-20 parabolic is ideal still, nice long opportunity today. Going to stay main watch we have a BIG trade coming.

SDC nice ripper today you can see the seller refreshing into the high $13s – higher better we may finally turn the tide here and start to fade back. Looking to join vs. VWAP

NVAX no sense making a plan until we see it tomorrow. Great idea today $7.40s and great exits. Grats 🙂

CVM wild move finally has some volume. Impressed. Watching for morning gap let it fail, look for failed follow through and possible unwind. Rarely holds break outs.

GNPX gapper so far, good vol and staying power. It’d be nice to get a long trade out of this thing before it dies off $1.20-1.30 base and then re-test of $1.50s and highs is ideal but otherwise gap and failed follow through for unwind.

GSX big save, higher better set price alerts!

MNK nice break out – dips if $5.80-6s base and rally $6.50-7 otherwise gap up parabolic for back side.

Back Side Watches & Failed Follow Through

PINS nice fader today higher better again tomorrow and I’d fade back sub $22 again. Like this trade until VWAP holds 945-10AM +

NKTR rally today then sold off – looking to fade for sub $22-21 near term.

MAXR morning shove then looking to fade.

BLDP missed it today, did get a bit of pressure 2nd half of day. Morning shove and would look to join.

JMIA impressed, looked for failed follow through to join today and ended up holding over VWAP rest of day so no trade. No rush here for me – staying familiar with chart.

SGMS higher better and possible unwind sub $25

Virus Names & Craziness

APT nice alert today Cody, good vol. Depends on what they all do so watch w/ the sector tomorrow. Obviously NVAX is looking like a gap down for now.

LAKE good opportunity today. $14-14.50 shove fail and I’d join fade if VWAP held as top post 945-10AM+

Bigger Picture / Over Nights

BPMX held some over liked the dip opportunity today but given it went .68 to .82 real fast I had to lock some in as noted. Ideally .75-.80 + gap then push .05-.10 — if not I will not over stay.

AIM nice surprise EOD – great scoops in the room early when I noted I’d be there on dips vs. .80. Well done!

NNVC ideally higher better more opportunity before inevitable. Warned multiple times today #KnowWhatYouOwn we’ve discussed this multiple times.

Other Watches – Staying Familiar:

UBER watch dips for short term move $40-42 ideally.

QD unwind potential.

IMBI interested b/c 15 mil to hardly any vol today we’ve discussed this before re: HEPA among many others – how people size based off the volume then if we re take trend and quickly ramp back to $5s they had no chance to cover. So, will watch for that. Otherwise gap up shove – failed follow through and back on the merry way back to $3.50s.

FCEL e/r – will trade after it potentially nothing into e/r.

UGAZ staying familiar – major range nearly 50% haircut last 5 trading days. DGAZ opposite. AVOID if new its an ETF but staying / hawking for a trade.

5 Comments

  1. Ty Nate

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  2. Thanks Nate

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  3. I use daily scans possibly a little different than most. The obvious reason is to get an idea of what is being traded and how by those much more successful than myself. Personally I am a new trader have a few paper cuts and have reached that point that I am a little nervous about pressing buttons. The less obvious reason to use daily scans is to develop the confidence to continue to study, make plans, and stick with a trade. Thank you to all for researching and posting daily scans.

    Reply
  4. Thanks Nate

    Reply
  5. Thanks for the wording on CVM normally I look for those chart types to go long on good news the fact you said they normally fail helped me not add that as a watch so thanks it helps alot to sort out the noise.

    Reply

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