OddStockTrader Scan 5/11/2020

by | May 10, 2020

Hope everyone is having a great Mother’s Day. Stop and call her now if you have yet to.

Market has been a gift lately and hope it doesn’t stop during the summer. There are so many opportunities out there right now that you MUST take advantage of them and ignore the ones that are not doing what you expect within 30 minutes (attention sucker trades) and go to the next. Noticed quite a few OTC names that I put on a new watchlist just to keep track of since I haven’t seen this types of setups in years. Most are irrelevant but I will be back in the OTC room each day now because of it.

Here is the big list for Tomorrow.

BTU – All day Algo buyer here. Took some of the $4 May 15 calls just in case it get a nice ramp tomorrow. $4 is a big level but the buyer there is what will keep me watching. If it cannot press hard out the gate will ignore.

GHSI – Chart tends to NEVER hold a day 2 move but this daily is now impossible for me to ignore. Over .55 and it can get some intraday legs.

KODK – Short currently and will add out the gate if it opens higher. Crazy squeeze on it but will respect it the trend holds. Will be main watch out the gate.

FTEK – Missed this one but I can see why. Either way, traded 2x the shares it has out and I will be a hawk on dips with potential $1 breakout. Interesting story as far as what I could gather about the possible trade up into the meeting on the 25th.

KC – Nice IPO here and provided market doesn’t open lower we might get a nice push to $30s but I will be looking to get some shares to short in that area.

MARA – Looking to scoop it long under .75 and .70s for new swing trade this week.

RIOT – Another big trade here. Bitcoin washed out nearly $2000 over the weekend so I expect a gap lower here but won’t lose it on radar. I think if the 1.50s hold this week it is still in play for a long. Might get a nice short out the gate on it if it opens over 1.75s

RCL – Cruise bookings way up according to some reports this weekend. $40.50 and $41 are the levels for a long for me. I will likely take some eow calls around $45 area for a lotto trade.

NCLH – $12.70 and $13 are the levels I care about. Over $13 and I think can get another 2-3 day swing trade out of it.

BTHR – Impressive pump so far, only think is lacking volume per say. Either way, will keep on radar for another washout day for a possible scoop. If you have never traded these, be careful and most likely avoid.

CGRW – Biggest volume day in nearly 2 years on this one. Well worth an eye for me and spec long off the bottom. Easy risk on the .04 level.

3 Comments

  1. Would you hold FTEK overnight if it bases at .80-.90 level ?

    Reply
  2. Thanks for all the details Cody!

    Reply
  3. Thanks

    Reply

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