Watchlist for 5/9/22-5/13/22
Hope you all had a good weekend. To all the mothers out there, I hope you all were spoiled with lots of love. This week we will continue to take our swings day by day. If they don’t hold up end of day, it’s okay to just keep them as day trades. It’s all about the risk:reward in this type of market. Do what is best for you. This week, we will make our money regardless if the market is red or green.
Manage Risks & Trading Plan
These are my trading plans, and many ask if I’m holding this or that. If it breaks any of the dip zones that I mention or if it breaks the trend line for a swing on the 5D/30D chart, I will respect my rules and I will respect my stop loss and wait for the setup to re-enter. Never bag hold, never average down on a loser UNLESS you’re confident it will reverse, and never turn a day trade into a swing if you do not have a set plan. For those under PDT, be careful with setting up swings too early in the day; I prefer waiting until after lunch (EST) to set my swings up (unless it hit my perfect dip zone). Always make sure you have a day trade available in case you need to exit and reposition. It’s okay to be wrong, but it’s not okay to stay wrong. Hope doesn’t make us money; proper risk management does.
Many of these are great long term plays if one was to load up on red days while respecting the trend line for setting up swings. There’s nothing wrong with buying on green days if buying the BIG pullbacks. Best way to get burned is to chase while they’re ripping upward.
Main Watch for 5/9/22
If the market is red again, consider respecting your stop losses. Stopping out doesn’t mean you’re unable to re-enter; it’s you giving yourself the best setup while managing your risks, and maximizing profit potential. Waiting for confirmation is crucial once it hits the dip zones; I would never just jump in and buy. It’s important they hold at the dip zone levels. If it breaks below, I typically wait for it to reclaim that dip zone before scaling in.
CYN hit a low of day (LOD) $3.16 premarket and high of day (HOD) $3.88 intraday. If there is a pullback, look for the dip zone to be in the $3.34-3.49 levels. Short Interest is 1.53% of float as of 4/15/22. Based on 1 Analyst, the PT is set at $13.
AMC hit a low of day (LOD) $13.52 intraday after hitting high of day (HOD) $14.84 at the open. AMC will report earnings for Q1. If there is a pullback, look for the dip zone to be in the $13.07-13.35 levels. Short Interest is 19.35% of float as of 4/14/22. Based on Analysts, highest PT is $35.10, lowest PT is $1, with an average PT of $10.09.
ATER hit a high of day (HOD) $4.80 premarket and low of day (LOD) $4.24 intraday before the close. ATER reclaimed $4.60 levels after hours (AH). If there is a pullback, look for the dip zone to be in the $4.22-4.39 levels. Short Interest is 18.57% of float as of 4/15/22. Based on 6 Analysts, the average PT is set at $7.17, with a high PT of $15 and low PT of $2.50.
BBIG hit a high of day (HOD) $3.63 premarket, and low of day (LOD) $2.99 intraday. If there is a pullback, look for the dip zone to be in the $3.10-$3.25 range. There will be bullish momentum leading up to 5/18/22, so if there are ANY red days leading up to that date, that will be the best time to load up. Make sure you HOLD through 5/18 because the dividend of shares related to the Cryptyde deal will be distributed on 5/27. Short Interest is 11.31% of float as of 4/15/22, although I do believe it’s MUCH higher than what is being reported.
RDBX hit a low of day (LOD) $5.49 and high of day (HOD) $6.75. If there is a pullback, look for the dip zone to be in the $5.76-$6.07 levels. Short Interest is 11.31% of float as of 4/15/22. Based on 4 Analysts, there is a high PT of $10, low PT of $3, with an average PT of $5.25.
BTTX hit a high of day (HOD) $2.38 premarket and low of day (LOD) $1.78. BTTX is under SSR Monday. If there is a pullback, look for the dip zone to be in the $1.83-2.18 levels. Short Interest is 0.67% of float as of 4/15/22. Based on 4 Analysts, high PT is $21, low PT is $15, average PT is set at $17.67.
AMD hit a low of day (LOD) of $92.61 premarket and high of day (HOD) intraday at $98.18. If there is a pullback, look for the dip zone to be in the $91-95 levels. Short Interest is 1.70% of float as of 4/15/22. Based on 44 Analysts, the higher end of the Price Targets is set at $200, lower end $97, with an average PT $137.59.
5/6/22 Setups Pre- and Post- Reviews
I’ll be posting pre- and post- charts to see if our plan worked. These will be used as archives so I can refer back to the chart year over year. This will also be used as learning tools to see where we went wrong so we can figure out the best way to maximize profits and manage risks. If none of these have moved yet, watch for the move to come in the coming weeks.
BBIG hit a low of day (LOD) of $2.49 and high of day (HOD) after hours at $4.18 following the PR I’ve been anticipating on over the last 3 months, which is why I’ve mentioned to keep an eye out on the news. “Vinco Sets Record Date and Distribution Date for Planned Business Separation of Cryptyde. Each Vinco stockholder of record as of the close of business on May 18, 2022 will receive, on the distribution date, one share of Cryptyde common stock for every 10 shares of Vinco common stock held.” The share dividend is expected to be distributed to Vinco stockholders on or about May 27, 2022. You can view the official PR Release here. The next 2 weeks will have bullish momentum for BBIG.
Whenever a stock runs greater than 20%, I give two dip zones due to volatility. If there is a pullback, look for the 1st dip zone to be between $3.50-$3.76. If it breaks below the 1st dip zone, then watch for the 2nd dip zone $3.20-$3.37. We are holding above $3.50 which is key level for us to move back above $4. Once we consolidate and reclaim $4-$4.25 levels, watch for the move above $5-$6. This may run well above $10+ just like in September when we hit $12.49
I’ll give live alerts tomorrow for dip zones depending on how high this goes. If you’ve swung BBIG long with me in September, October, January, February, and March, you know how the next few weeks will go since we have the biggest catalyst. Short Interest is 11.31% of float as of 4/15/22, although I do believe it’s MUCH higher than what is being reported. BBIG is now ranking as #3 on Webull’s Ranking, and sentiment is bullish heading into May 18.
BBIG hit high of day (HOD) $3.63 premarket and faded throughout the day, falling below the dip zone, hitting a low of day (LOD) of $2.99 during the morning flush. It was able to reclaim and consolidate at the second dip zone $3.20-$3.37 level.
AMD hit a low of day (LOD) of $92.17 and high of day (HOD) premarket at $98.67. If there is a pullback, look for the dip zone to be in the $87-92 levels. Short Interest is 1.70% of float as of 4/15/22. Based on 44 Analysts, the higher end of the Price Targets is set at $200, lower end $97, with an average PT $137.59.
AMD hit low of day (LOD) $92.61 premarket, which was $0.61 above my dip zone. It was able to hit high of day (HOD) $98.18
CYN hit a low of day (LOD) $3.10 premarket and high of day (HOD) $4.75. If there is a pullback tomorow, look for the dip zone to be in the $3.17-3.36 levels. Short Interest is 1.53% of float as of 4/15/22. Based on 1 Analyst, the PT is set at $13.
CYN hit low of day (LOD) $3.16 premarket, which was $0.01 below my dip zone. It was able to reclaim $3.50 levels, hitting high of day (HOD) $3.88.
TSLA hit low of day (LOD) $857.70 and high of day (HOD) of $950.73. If there is a dip, watch for the next dip zone to be at $829-$857. It will need to reclaim $930 levels for the move back up.
TSLA hit high of day (HOD) $889.88 at market open and hit my dip zone ($829-$857), with a low of day (LOD) $843.11, and reclaimed $860-$885 levels.
Others to Watch/Trending
Oil Stocks to Watch for a Reversal
If trading oil, make sure you’re monitoring crude oil prices. Only load up on red days. If you chase the day it runs, you’re already too late. Your chances of losing money is much higher since it’s more volatile. Unless you’re a strong day trader, I would not try scalping an oil play. There are better setups elsewhere.
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