Scan 3/8/21 JSC

NIce reversal on Friday lets see what holds up and what doesn’t as beginning of week i am going to focus on sector rotation to see where money is flowing.

Blockchai/BTC Related- 

PYPL- looking to buy vs 235 for near term 250 breakout, BTC is gapping so trade maybe out of favor but will see in morning

SQ looking to buy 945-10am weakness

RIOT- really just monitoring here whether air continues to come out or reversal potential

MARA- same with RIOT

 

TECH/MISC

ORCL- love the daily, could get rejected but like risk reward for weak open vs 68

EXPE- new all time highs, like weak open trade vs 161-62 area for a long

FLGT- want to see higher lows and flag this week for potential break out gonna give it a few days

EYES- all pops short vs 6.5-7

GRPN- ideally a move like APPS coming soon, need to see 57 breakdown not anticipating top looking for opening range break to short then scale if level 57 confirmed

SPACS

CCIV- dips vs 23.50 for a long trade would like to see 25s base and confirm

SPCE- Chamath out, like dips vs 26.50 but there could be pressure cautious with this one

CLOV- monitoring not interested in getting long just seeing how it trades with sector

 

TRAVEL

BA- still need to see 230s basing for re-long

AAL- short pops vs 21 for potential fade

DAL- same idea vs 47.50

SAVE – monitoring with airlines, this is thinner but has more range

Names Watching for another day reversal long

NIO

BLNK

PLUG

NVAX

FUTU