I'm closing the week with small $3K in profits after big losses on $QBTS which in hindsight i was right in the initial thesis there. will continue focus on taking singles until the A++ opportunity will come.
My watchlist for next week:
RGC - unreal move from 5 to 70 in 7 days. at this point I'm watching closely for potential short on the first red day, i do think 30% panic will come at some point, the key is to be in the right timing. volume is low so got to be cautious. I want to be short on the day it is closing below the open price, red candle will be the trend shift here imo.
CRVO - beautiful breakout trader with 2 good breakouts already which I nailed both of them. lack of volume which I don't like, but still on my watch for potential short on the first red day, another green day to 18 will be ideal play for me, although I'm still preparing for the short if weak on Monday.
IBO - new runner trading massive volume that I will continue watch going forward for potential breakout or Fgd depends on Monday action.
PSTV - potential First green day pattern this week, $1 is a key level of support but wouldn't be shocked to see it goes lower and then bounce.
XHLD - solid First green day on Friday, will continue watch it if offer another breakout later this week, or if extend itself higher will be on watch for short play.
ADTX - multiday runner that basing near $10 level, will be on watch for breakout over 12s.
QBTS - all-time highs breakout over $12, so keeping eye if will get there again.
HMR - still keep it on radar if continues hold the low 3s as support. on a breakout watch over $5.
FNMA - breakout watch over $8.
thanks man! Great insight and WL, good vibes to ya.
good stuff...thanks for posting!
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