Scan for 08/30/23 From Nate

by | Aug 29, 2023

Light trading day today – last day of the summer for my kiddos. They go back to school tomorrow so will start to get a bit more structure back. As mentioned tomorrow and the next day I have guest up North — most of Thursday I’ll likely be off. Then schools back, guest gone and back at it with the same new focus pre market into 11:30AM check up – and regularly sized down nature.

Main Watches:

AMC literally 3 days in a row same move — great action toady and then it got heavy.

MARA great long today and then I ended up losing 12.80 to 13.10s or so (without any scale) because I pulled my bid right before it did that flush that I said if $13s firmed up I’d cover — it flushed and I missed it (for profit) and then moved on as it held $13.

AFRM weak open for red/green remind me of RIVN AI CVNA etc before the big run

FFIE watching for dead cat bounce

Failed Follow Through:

TIVC higher better for back side

Continuations:

AXLA ideally gap up I held a few but not holding my breath. Made a nice trade and scaled in this AM started to put a few back on but as I said no reason for trade no size over .335 so I stopped and went long and added dips through day. Won’t over stay if it stays heavy.

AHG possible GLG walk up beginning before the fail

HOLO same ol’ washing machine just a matter of time

MLGO seems like some front load promo beginning – remember the history …

APM T+2?

Failed Follow Through:

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