Scan for 04/12/24 From Nate

by | Apr 11, 2024

Dialed in this week! Let’s end the week well. Hope today was another decent day for you all. ADIL to start the day off GL big alert early on the research piece BSGM CADL MDIA etc. I missed CXAI though. Couple opportunities on CNXA but overall held (which is good the more it goes the bigger the trade will be as long as nothing happens over night) nothing really to get too aggressive on there yet. Good feels on RENT trap/potential I think in the next day or two we’ll have a nice $3/share opp without as much chop as today.

Main Watches:

RENT more in the morning – thinking either weak open and squeeze and craziness Friday or Monday or just one morning shove and steady fade $2-3 or more back down. Either one day wonder or major squeeze set up starting, well see. Not trying to make a call here – need to see the action and will share idea in AM.

CNXA higher better IDEALLY circuit to circuit and gives a huge opp but if not, morning shove vs $1.20s. I think traders will start to get exhausted since it came back hard the last two days. Nice idea off the $1.20 clear out.

VERU nice swing long last few days – these charts have been working so damn well. Shorted that parabolic move when mentioned but came back hard after the cover. Would love to see $2 + blow out and fade opp

Failed Follow Through:

MDIA nice one $4.20-4.50 lines given for exhaustion

Continuation:

TOON steady since entry yesterday

IINN slowly would only scale if a break out

HRYU good so far on swing ideally does a mini CNXA

RR watch for $2 build – still have first entry

Staying Familiar:

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