On watch 05/07/24 from Emil

by | May 7, 2024

SNAP – amazing run after e/r will be looking for some profit taking against 17 area so any pops and fails especially if this type of action will take place mid-morning 

SGE – no volume in PM but still hangs around will be only interested if there is going to be a push against yesterday highs 

NUVO – day 2 might be something if gonna give some shove towards 6 for a short

MULN – have two scenarios in mind 1) snap under 5.5 early in the morning then I’d be interested to short pops against r/g or 2) shove/grind towards 7 then fail and show some weakness mid-morning 

CVNA – despite the fact it failed yesterday after a push it’s still trending so not really over biased but if snaps under 120 then yeah will be interested to short it in pops other than that I see it a grinder and unless goes into extremes 128ish really have no interest in shorting it 

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