Trade Ideas for 7/22 and 7/23
Check out my trade ideas for tomorrow, Thursday 7/22 and Friday 7/23. NOT FINANCIAL ADVICE AND SHOULD NOT BE TAKEN AS SUCH. PLEASE DO YOUR OWN DUE DILIGENCE.
BOIL 0.00%↑ on watch tomorrow. At 10:30 AM there is the natural gas report which will give us the numbers as temperatures rise across the globe. There were some call buyers today on the natural gas index. Let’s see what the report is like. Over 85, it’s possible the runs back to the highs near the 120’s.
PT: 125 SL: 58
HTZ 0.00%↑ is another stock I’m watching to breakout tomorrow. CVNA 0.00%↑ Carvana was a stock that really moved today, up almost 20%. A similar stock is Hertz and saw unusual call buying at the end of the day, with a Buyer 838 HTZ 22.5C 8/19 for 25 cents each. The chart will break out over 18.78 and you should be able to catch a nice move there.
PT: 21 SL: 18
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GOEV 0.00%↑ the volume on this name has been undeniable these last few days and it’s in a bull flag so it should see volume here. With 25% short interest and call flow it’s possible this chart breaks out here soon tomorrow or on Friday
PT: 5.20 SL: 3.85
FTFT 0.00%↑ is a penny stock I really like. I currently have some shares here at 0.47 and it looks like it can have a short squeeze. With a really nice chart and 40% short interest this can make a move here tomorrow.
PT: 0.60 SL: 0.50
COIN 0.00%↑ is a stock that I don’t think should currently be $75. I would look to short the stock here targeting lows again. Lots of volume here and might show signs of topping as TSLA 0.00%↑ announced today that they sold 75% of their Bitcoin holdings. A few million in puts were bought as well.
PT: 50 SL: 85
ZM 0.00%↑ is another stock that saw what looks like unnaturally large position closing trades to me today on the tape. Inverse head and shoulders as well Over today’s high we can test 125 and then 155 again.
PT: 155 SL: 89
Thanks for reading my first newsletter! I hope you enjoyed.