Dealer, It is vitally related motion to the earlier week. I would sound like a damaged file, however it stays an opportunistic setting for move2move / momentum buying and selling, particularly with day 1 in-play names and breaking information / headline-driven alternatives.
So, as outlined in earlier weeks, that’s predominantly the place my focus stays till the market shifts gears.
So, whereas my focus is totally on contemporary names in play on an intraday foundation, listed here are a number of concepts that I’m coming into the week with:
(NYSE: BBAI) Unbelievable mover final week, with two notable lengthy alternatives that a number of on the desk capitalized on: the breakout on Wednesday and follow-through on Friday. Going ahead, nevertheless, and contemplating each the mechanics of how the inventory trades and what drives it, together with its fundamentals regarding dilution, I’m extra targeted on a possible quick setup.
*Please observe that the costs and different statistics on this web page are hypothetical, and don’t mirror the affect, if any, of sure market components resembling liquidity, slippage and commissions.
As you’ll know, primarily based on the standards shared earlier than, this doesn’t but qualify for an A+ reversion alternative. Nevertheless, if, and it’s a giant if, at this stage, the inventory can prolong over $10 on continued quantity and vary enlargement, it will enter potential A+ reversion opp. I’m enthusiastic about that, though it stays unlikely at this stage. Alternatively, for a lesser alternative, extra alongside the traces of a B+ commerce, I’ll have it on my radar for a FRD setup or failed follow-through on a gap-up on Monday.
(NASDAQ: AFRM) Glorious outcomes reported final week, and follow-through on the numbers taking the inventory to new 52-week highs and a breakout throughout a number of greater timeframes. Moderately easy setup right here in AFRM going ahead that might warrant motion.
*Please observe that the costs and different statistics on this web page are hypothetical, and don’t mirror the affect, if any, of sure market components resembling liquidity, slippage and commissions.
I’d prefer to see this grow to be a possible earnings continuation swing. For that, I would want to see relative energy proceed, together with earlier resistance flip into assist close to $73.50s, and the multi-day VWAP anchored from earnings maintain up. If that each one conforms, I’ll look to get lengthy on the next low OR pullback into multi-day VWAP and assist OR a 2 or 3-day breakout after an inside day or two, for instance, just like PLTR from final week. Like PLTR, I’d be focusing on ATR extensions above vwap to take income and path my cease utilizing greater lows on the 5-minute timeframe.
(NASDAQ: MGOL) Dilutive small-cap inventory with a historical past of pump and dump motion. Unbelievable reclaim on Friday on the finish of the day and squeeze out into the shut and AHs. These have been merely cussed shorts that had sized up aggressively for an all-day fade and have been getting squeezed out. Now, sadly, the inventory gave that squeeze again into the 8 pm shut, however I’m hoping for a gap-up on Monday morning. A niche up into $0.50 – $0.60 + would arrange the potential for an A chance in my books. Whereas I would scale on the quick aspect, I’ll be on the lookout for a transparent rejection above or under $0.55 and decrease excessive to quick aggressively in opposition to, with a HOD cease, prepared to swing quick for a transfer again towards $0.20. Once more, ideally, this continues greater. The upper, the higher for the eventual fade again to actuality.
*Please observe that the costs and different statistics on this web page are hypothetical, and don’t mirror the affect, if any, of sure market components resembling liquidity, slippage and commissions.
And lastly, I’ll be conserving a detailed eye on nuclear names, particularly OKLO.
(NASDAQ: OKLO) Nothing I’m taking a look at appearing on now, neither lengthy nor quick. Too prolonged for me to provoke any new longs and never but prolonged sufficient to go quick. Nevertheless, given the elevated quick curiosity, quantity, and vary enlargement on Friday, It’s now on aspect look ahead to a possible imply reversion alternative this week. Why? I’ve observed the quantity and vary have begun to increase, extensions for a number of key SMAs are actually checked, and all I would like now’s for the hole standards to be met, together with continued vol and vary enlargement. If that occurs, it could possibly be an A+ reversion alternative.
*Please observe that the costs and different statistics on this web page are hypothetical, and don’t mirror the affect, if any, of sure market components resembling liquidity, slippage and commissions.
So, as you possibly can inform, it’s a special tape and setting proper now. Quite a lot of potential situations and fewer on look ahead to the upcoming week. Once more, for me, consistency and success is coming from momentum buying and selling. Particularly, I’m in the fitting shares, figuring out in-play names on an intraday degree, with setups and alternatives that align with my playbooks.
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