Ticker: SOLO

Price: 9.30 (9)

(PR)potential reward on setup : 12-15%(9) 

Type of Trade:01s red day(9)

r/r(Risk/reward): 20c/1.40=2/7=1/3 or +3/1 risk reward (9) 

Analysis: Do to the exponential runup from the high 2's to the 9's and how AH's there it is down a few % I believe there is a Potential short in premarket at market opening bell and fails all day against the opening price. if it starts to push through resistance going r/g will be out but has potential to drop wanting it to test the 7.8 b/o level. volume has to shrink. I will wait for it  but want to give this high odds set up a chance. 

 

Overall trade plan 10

Ticker: DNK

Type of trade: continual red day

Risk Reward 3/0.5 (10)

Potential reward : 20% due to the fact it drops hard at the point of resistance and had a huge gap up. History shows continual weakness is definitely possible.

Analysis: great risk reward setup and I believe it has a chance to shrink more with SOLO being a high volume runner and it being more into the run.  but  SOLO has way more range. safest trade would  be SOLO

still an 8.5 because of chart