Watch List for 08/23/17 from Alex

 

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RTNB: I’m most proud of the fact that I did not have the urge to get short this stock today. Over $1.60 it was a breakout from yesterdays highs and over $2.50 it was a daily chart breakout. NO REASON to be short imo. Looking for all pops risk $2.50 to get short before more unwind. Praying for a gap up, but I don’t think we’ll get it.

MOMO: Stupid heavy today. I think everyone wanted the rebound thats why it did the complete opposite. Just like a crowded short trade this was a crowded long trade. $37s had a pretty decent refresh seller all day. If a gap up near $38 I’ll look to short it, but not tryna be a hero and find a bottom here for the rebound.

ARCI: Decent trade for me. I was only able to get 1/3 of the size I wanted on this today because it didn’t jam much at the open. Basically held it all day because it didn’t look like it had the mojo to rebound. Looking for a push near $1.50 tomorrow to get short again.

SNAP: Decent push in a/h near $15. Hopefully a big squeeze near $16 to get short.

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