OddStockTrader Scan 11/16/2020

by | Nov 15, 2020

Short week for me and then Vegas on Wednesday. So, two scans this week. Plan on doing a video scan for tomorrow as well so looking forward to that. Lots of setups out there but here are my favorites for tomorrow.

NIO – Looking for that $36 washout bounce trade. Will play it all by ear and how L2 reacts. We had perfect bottoms just over $41s and I was hawking L2 during that time to see “the switch” as I call it for the bottom signal.  Watching for the same mid or late day.

UBER & LYFT – Both on big time levels here and swung some calls of both. I think we see $50+ fast on UBER as the sentiment started to change for me even before the vote. Most of the bad news is gone since the IPO and I think we see $100+ within a year.

GRWG – Calls are my choice here. Thinking we see $30 soon so, I think patience will pay vs. trying to just trade it back and forth intraday. I do plan to add more on a failed breakout tomorrow but I will extend out my duration if that is the case on the adds.

CGC – $25 breakout join

LTHM – Morning weakness for the long and calls.

RIOT – Bitcoin failing as of now but this and that $4.20 level should be interesting. Even if its not tomorrow I like this one over MARA now.

CAN – Steady walk higher with bitcoin lately. $3 with volume is the big sentiment reversal signal for me.

CMPS – Looking to dabbled back long on this swing with $30 as the full risk in the am.

PHBI – Mind games here which I like. They send it on air but slow drag it down, so, I like to accumulate those slow pulls an sell the rips. I think they have the float locked so, watching for some major games.

CRSM – Just an eye on this old OTC turd. Ran hard on the LYFT ipo

1 Comment

  1. Thanks Cody!

    Reply

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