iBankCoin
Joined Jan 27, 2008
7,329 Blog Posts

Usual Suspects On Scan

Apparently, Reddit traders came back to the stock market today after an absolute beating in the crypto currency market over the weekend. Lucky, for crypto currency holders, we got a series of tweets from Elon Musk late in the day that helped shoot the price of Bitcoin higher, putting us back near a comfortable $40,000 per coin.

Regardless of tweets, $AMC, $EXPR, & Wall Street Bets are back on scans to start the week:

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Other than meme stocks, how about a real stock? $CLF is likely my favorite setup heading into the week, and I’m looking to buy strength with a stop under Monday’s low:

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Another name I like down here is my former stock of the year candidate, $NVTA. My, oh my, how you have fallen. I guess this is the price you pay when hedge funds are out to kill you, a la $ARKK. Let’s see if we can find our footing here, max stop would be losing $25:

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Another former $ARKK darling which has fallen from grace, $NNDM. This stock trades damn near cash after all the offerings in 2020. 3D printing is back on the scans, and this one is one to watch this week:

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Maybe there is one more squeeze left in $FUBO. The gambling stocks were hot to start the week, let’s watch for a break higher here accompanied by volume:

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If oil begins to squeeze higher, think $MRO. Fresh of the scans today, she looks just about ready to break out of this multi week range:

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If you can get a pullback in $RBLX, I think it’s buyable. My gawd, the market hates moment growth names here, this move speak volumes. Buy the dip to support:

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Fake meat was all over Monday’s scans after @Raul tweeted the ticker (halfway kidding). A move above Monday’s high can get this thing back in motion:

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And, it’s always good to keep some precious metals around in times of uncertainty. $CDE lighting up the scans to start the week, watch for a breakout:

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For a look at Monday’s full scan: CLICK HERE FOR CHARTS

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2 comments

  1. indexjoe

    Scans called it

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  2. purdy

    Smart observations RC.

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