On watch 02/19/24 from Emil

by | Feb 19, 2024

SOUN – so far held the trend been quite strong into eod of Friday sessions, at this stage looking for a blow off towards 5 before I want to short it 

RXRX – same plan more or less since they area related ^^ ideally will push towards 15 there is the first level of interest to get involved short 

MRAI – has that look that is one PR away from flying (I’m not long) but I see it as a copycat of GXAI at some point since AI theme getting hot again 

CCCC –  same plan as I have mentioned few days ago ideally will push towards 9 and fail for a short 

COIN – big rejection that behaved per Friday plan looking for more unwind in the next coming days so ideally will give some pops against 186 for a entry 

SMCI – best opportunity by far this year but not that easy like most ppl see it in hindsight, first of all this this was extended at 800 and gapped up then extended at 900 then gapped up next day then 1000 and gapped up so some would say was obvious on Friday but it wasn’t. System had to be on point cuz personally I have tried at 800.900 and took the losses which is fine and came into Friday thinking wow another gap up but what if this goes to 1200 or higher ??? what were the odds of failing this time ?? and in my book there were few 
1. went from 350 to 1000 in one month more or less but in the past 3 days had a strong close then gapped up 
2. Options expirations on Friday 0dte especially 
3. A lot of fomo retail buying above 900 
 So what are my expectations for this trade right now since I managed to day trade it with common and also options ? 
 Hopefully tomorrows going to give a push back above 903 to short some my plan is to short swing it now at least until reaching 10 sma ideally 20 sma in the next couple of days. As long as we don’t recall new highs which is highly unprobeable but definitely not impossible I’m going to stay short 

2 Comments

  1. Thanks, Emil !

    Reply
  2. MRAI super nice thanks man !

    Reply

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