OddStockTrader Scan 5/7/2020

by | May 6, 2020

Decent overall day today but for sure made some mistakes here and there. Bitcoin currently getting $300 washout after market closed here but still think the upcoming Halving event will bring some attention to it and other block-chain stocks. I am keeping these all center focus for the most part and starting swings on many names. They never react on the spot when Bitcoin makes big moves (already up $1500 since I really started watching the last few months). Other than that, trading what I see and news events for the most part. Here are the names I am watching tomorrow.

BYND – Looking at the $132 area for short. I think market retests the 287 level first and then many names will start to fade off. Not going to get crazy on it in that area but should provide a nice short.

W – Maybe $190s blow-off. This one got crazy and I think big shorts have gotten quite stuck on the name. Won’t short strength though only late/mid day weakness.

UBER – Big move on LYFT earning but will be looking to fade it hard short in the $32

DKNG – Big swing and big day trades on this one. Possible $26+ blowoff top tomorrow. If this keeps catching lows and grinding each day, I’d expect to see it in the $30s quick.

GNUS – Crazy Big move after hours on what I am not sure. However, will look to short if it can get into the $2.20s

RIOT – Big offer at 1.28 but think that 1.35 level is what is need on a breakout and retest for this to really get going.

MARA – $.65 breakout for the join. Would want to see other names joining trend as well.

CAN – $5.20s and clearing those block sellers is still what matters. A daily watch for me just like back in February.

MGTI – Otc name and like that .025 breakout for .03 breakout as well

BTSC – $.035 area and .04 getting cleared should send this. Has already been up huge since I noticed bitcoin moving from the .011s

BTCS – The .30 level his a big mental level. Will likely add on that breakout.

5 Comments

  1. Thanks Cody!

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  2. Thanks

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  3. Thanks Cody

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  4. Thanks

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  5. thank you sx

    Reply

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