What's up guys,

Here's my watchlist for tomorrow.

 

Longs (Intraday):

$MARA: Blockchain is yet again a tad under the spotlight. Bitcoin has bounced and is nearing 10k and I feel people got excited about the pending aquisition of Global Bit Ventures Inc, a Quebec based company focused on mining digital assets. I believe the 1 year chart of bitcoin speaks for itself, lower highs and lower lows, and whether or not it'll keep this pace is debatable. Weak open, rally back and $2 push.

$EVLV: Talks of aquisition by Amazon, hence the gap up. Dips for $1.50 push. Amazon is super hot right now, my guess is this goes further than we think possible.

$EYPT: Beautiful run so far. Holding trend and forming a base at 1.95, $2 is key. Dips for continuation.

 

SHORTS (Intraday):

$LEDS: Has a history of spiking and crashing. My guess is that this time won't be any different. 5 push and unwind.

$I: this piece of shit won't fucking die. See my post HERE about this company which I've done a bit of DD on. It has squeezed me (and plenty of others) over and over again since the beginning of April, and I'm thinking it bulldozes shorts still until people learn to leave it the fuck alone and wait for the backside. I'm keeping an eye on it and the only play I'd consider is para short and cover in the wash out immidiately. It keeps diping and squeezing back then breaks HOD and then shorts are upside down which pushes it even further. It does not belong in this price range, but who am I kidding, $TSLA still trades in the high $200s which puts into perspective the stupidity of the masses.

Avoid if new imho, it takes more than it gives back. Lots of fishy stuff on level 2, algos are running this and I'll wait for them to stop walking it up before I consider shorting it again.

 

SWING:

$CLDX: Beaten down Biotech after it failed with their drug trial. Forming a base over 0.65 and it's making higher lows. Volume is still low on this and I'm looking longer picture. They have a lot of cash and debt is negligible, and they just fired 41 people which will save costs while they continue with their other drug trials. They got a couple in the pipeline but I'm looking for a quick swing, I'm thinking 0.75 break, $1 push. Gap fill isn't off the table, but I'm probably not gonna hold that long.

Feel free to hit me up on twitter: @mickdostie

Have a great trading day guys. Trade safe and be smart, I'll see you guys out there!

-Mick