

Scan for 08/24/23 From Nate

by InvestorsLive | Aug 23, 2023

NVDA wild AHs!

VCIG what a dumb sell this AM (only had small anyway) from the big picture liquidity trap idea this past week – sold like a chump. Had very tiny anyway. Carbon copy HKD action and very similar to VFS. Almost same convo, trapped at key spots well and big squeezed out only to mean revert back. You’ve seen that 3 x in a row now so hopefully starting to see it faster. A good example on VFS today as the walk up on low vol and let shorts fade it down – flush at open absorbed and from that point forward they had fun with it. Circuit up to circuit down? Nope just a trap.

HKIT continued break out – I had added once so I took those adds off and back to score trade from $21 again small and same rules apply, if you have to ask what I think about it – just avoid. Could tank 50% any moment. But, trying to let it work given the HUDI comparison at $16.

MULN I stared at that one on the news but had to leave at .43 – does that count? Unreal move. Sick.

Been plenty of action this week but no A+++ so just been taking small trades and waiting for the set ups. MULN action though should offer a great trade opp.

Tomorrow bunch of people are in town – going to be doing some stuff for T4AC so off desk shortly after open.

Main Watches:

FULC weak open for break out is ideal

MULN either gap $1-1.20+ and fade or gap down flush and watch for r/g move. Here’s the thing, it just had the reverse which was already down 99% then dropped 50% more so everyone looks at this move as a ‘must short’ and ‘its up too much’ and then gets popped cuz really it’s still down from the reverse split. So, be cautious but should be a great trade. It’s a thick name so this is big set up to me if it gets wild.

ITOS possible FULC style move same as today’s idea.

Failed Follow Through:

VCIG morning shove and quiet fail – ideally gives a few good trade set ups like today. Respected levels real well – slow trap and $7.75 trigger was nuts. Nice mean reversion trade.