1) $CBAY Gapping up on $GNFT Failure on Phase 3 (1.84)
Stock Gapping up +2 do NOT long this until stock runs to $5 spot then quickly move to $6-$6.50 then top it off then look for all-day slow gap-fill fader back down to $2.50-$3 and under, if this small pops and lower lows set in then simply look for an all-day fader back to $2.50-$3 and under
2) $GNFT Misses Primary Endpoint Phase 3 (22.00)
Stock Gapping down -14 do NOT BUY unless we get through $8 then quick push to $10 then be done with it, if this snaps at the open to $5.50-$6 and under watch for the bottom then slowly move back to $8 and grind out, IF we get lucky and we get the $10 spot on the upside stock has to room for 1 more point or more
3) $MGNX Credit Suisse out with a raise in PT from $13 to $30 (26.32) Look for gap fill
Stock Gapping up +3 any pop at the open towards $30-$32 scales in short IMO this should simply gap fill back down to $27 and under if you take short nowhere at $29.50 area give it room to pop on short squeeze but in the end, the fade should set in if this pulls right at the open and gap fills to those areas bottom curl it then slow all day move to the upside
4) $GDOT Earnings Beat (30.70)
Stock Gapping up +5 like to see small pop at the open if it comes to $36-$37 watch for topping the slow fader back down to $31.50-$32 and under if this simply pulls and gap fills to those area scales in long off the bottom curl then slow all day move to the upside, should be fun
5) $NVAX received up to 388 Million in funds from CEPI to advance vaccine (24.50)
Stock Gapping up +18 IMO this should slowly fade back down to $30 and under break $30 we get 2 more points to $28 area I would be taking short the $42 area room to $45 then watch for this top out and look for a nice slow slow slow gap-fill fade back down the key is $38 and be patient once we see that we should get the nice fade I’m looking for. Reminds me of $MYOK yesterday
6) $IIVI Earnings Beat (36.24)
Stock Gapping up +9 like to see this actually pop a little more at the open towards $48.50-$50 watches for some topping there then look to scale in short and gap-fill this back down to $40-$42 and under, this will NOT fully gap fill so don’t think that however if this snaps $44.50 at the open get in there short and get the rest 2-4 points to the downside for quick money short then cover more this pulls better the range for an all days slow move to the upside
7) $CDLX Earnings Beat (47.82)
Stock Gapping up +7 typically $CDLX likes to fill there 1/2 there gaps. So let it rip a little more at the open towards $56-$57 area watch for topping once this breaks $53.50 and under get in there short and take this back down to $49-$50 and under then bottom curl it then slow all day move to the upside. Should be fun more it pops at the open if it does better the range to the downside for all of us
8) $DDOG Earnings Beat (55.69)
Stock Gapping up +6 like to see small pop at the open towards $62 then quickly move to $64 watch for topping there once this breaks $60 we should get a decent gap fill back down to $56-$57 and under, IMO this should not gap fill all the way but do expect profit-taking short to come in and nail this to $56-$57 than bottom curl it and long it.
9) $SHOP Nice gap up this morning (750.34)
Stock Gapping up 20 trying to short nowhere at $771 no fills yet, look for small pop at the open if any towards $775 top it off then lets gap fill this back down to $755-$760 and under then bottom curl it then slow all day move to the upside back through pre-market highs
10) $TSLA Opening back up the plant and Gov Newson working with Elon (811.29)
Stock Gapping up +20 do NOT LONG this unless pop at open to $835 then look for a quick move to $840+ top it off then look for the nice gap-fill fade back to $805-$810 area and under bottom curl then all day slow move to the upside back to pre-market highs should be fun today Otherwise simply wait for the nice gap-fill short pull back to the $805-$810 area
____________________________________________________________________________
Notable Calls:
$NVDA another day of range (322.62) Gapping up +4 would nibble some short at $326 room to $328 then look to gap fill this back down to $320-$322 and under bottom curl then slow all day move to the upside towards $330-$332+
$GWPH Gapping up on Earnings (109.16) Gapping up +11 Typically loves to gap fill on Earnings so once this breaks $118 and under scale in short and look for the gap fill fade to $110-$11 and under, if this pops at the open I don’t see more then $122-$125 once lower lows set in up there scale in short break $120 and nail the downside on it
$GMDA Phase 3 Clinical Study met endpoint (4.54) Gapping up +4 nothing more then a gap fills fade back to $5-$5.50 and under, any pop at the open would look to simply scale in the short on lower lows as they set in. Nothing to see here
Copyright © 2021 by AwesomeCalls LLC
No part of this content may be reproduced, distributed, or transmitted in any form or by any means without the prior written permission of the publisher. Full legal action will be taken. ALL RIGHTS RESERVED
