Crazy good focus names on Friday.
At this point anyone who has been in the room over the last few weeks should understand how important that $43.70 line was and how you could use that as a guide and also get higher conviction on RGTI when it’s showing relative weakness. This is all stuff we went over in lounge/discussed live but if it’s not making sense to you and you’re not asking during the day in the lounge or during Stan/Sam’s study sessions etc. than you’re really missing the mark on this market.
In addition knowing what names after the ‘air’ in them to unwind ie: the ideas this week RKLB into/over 52 week highs/resistance and then fading the next day along with SOUN SOFI LUNR RKLB RCAT and the rest of the names given in that basket.
This all should be making sense. If it’s not, why are you not using the resources IU has to ask and get those boxes checked?
None of this is meant to be discouraging ie: If you don’t get it you’re silly – nah, not at all but if you don’t get it and you’re not asking in the lounge or showing up to the study sessions you’re not getting the full value of what we have here.
And, then leveraging the AI tools/news and HOD/LOD hit list built in news on that etc. I mean what we have is unique – I hope you’re all taking full advantage of it.
And remember – free trading at CenterPoint
Check out this week’s Sunday Scan with Chris and Emil:
Main Watches:
RGTI in a perfect world we gap .20-.30 but thinking weakness and more bleed out. What a great trade opp Friday on that $16.05-15.10 ss and then fade down nearly $3. Insane.
NNE gap up para/clear out prior high and fade $2-3 is ideal. AGAIN Don’t FORCE this. Can easily gap up flush soak and head higher. Come with a plan and let it work if right, don’t force it if it’s not right.
OKLO reactive trade w/ NNE SMR.
MARA that $20.40 line was a great level. More of the same with BTC.
TEM if AI gets heavy fading pops here.
Wash Trading:
CLEU thinking we run up on low volume but this reminds me 100% of RYDE. 5-6 false tanks before the real one. They control all ~240 mil shares at .2x’share. So when it tanks it’ll be a disaster but means nothing until they let the float out.
Daily Drivers:
Failed Follow Through:
Continuation:
Staying Familiar:
Thanks for the write-up Nate! I have one question on the section “Failed Follow Through”.
Are these names you are looking for reversal? For example on ALUR, you will be looking for upside opp if it does not continue to further downside. Is my understanding correct?
What do you mean by reversal?
Failed follow through specifically refers to that concept intraday. Any of these names push and give a failed follow through set up I want to be joining that.
sorry my question was not clear. I meant to ask:
For these names (in the FFT section), are you looking only for long play after failed follow through to downside? or you will also look for short play if it failed follow through to upside?
Since these names look like liquidity trap candidates, my thinking is you are only looking for long plays. But want to double check with you. Thanks!