Watchlist 5/18/22 & Recap
Hi everyone,
I hope Tuesday treated you well. Today was a really good day for my swings from last week: INDO, VERU, RDBX, GFAI, LGVN, ISPO, AMC, GME, BBIG, NILE, AMD, NVDA, TSLA, GOOG, and AMZN. I mentioned last week, I’d go long when the market tanked, and IF needed, one could reposition. I’m holding all my core positions since I have low entries from last week.
Manage Risks & Trading Plan Disclosure
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.
If these don’t run yet, and are holding new support levels, especially at my dip zone, assume I’m accumulating, and holding for a bigger move. I mainly set swings up as soon as I see signs of a reversal with anticipation of catalysts. From the original alert, expect my multi-week swings to run at least 100% with pullbacks in-between.
I provide my watchlists for all types of traders. If you’re conservative, consider anything $50 and up; if you have higher risk tolerance, consider penny stocks below $2; if you’re in the middle, consider anything between $2-$50.
SSR triggered setups are my preferred setups for swinging. This does not mean that it cannot be shorted. If the volume is high, price action/momentum is there, with upcoming catalysts; then this is my preferred setup as someone who swings. I keep a mental stop in case I need to reposition my swing. Not every SSR trade will move up; there are many variables one must take into account when trading this type of setup.
I do NOT hold all stocks listed below. I provide a list of top mentions/trending/abnormal volume movers/upcoming catalysts/earnings/conservative large caps. You decide what you trade based on your preference.
5/18/22 Main Watch
Since most of my main watches from yesterday didn’t make any big moves yet, I’m sticking to those tomorrow.
If the market is red, 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.
INDO
INDO hit low of day (LOD) $17.14 premarket and high of day (HOD) $20.47 intraday, closing at $16.68. After hours, it moved another $0.32, closing at $17. If there is another pullback, watch for the dip zone to be at $16.10-$16.60 levels. Short Interest is 9.11% of float. INDO needs to reclaim $18.75-$19 levels for a run back above $20, consolidate, and then push for the next leg to $25-$30 levels. If crude oil is able to reclaim $120 levels, watch all oil plays for the move back up. Be careful swinging anything that’s been trading under $1 for greater than 30 days due to delisting/delinquency requirements or reverse splits.
Catalyst:
Crude Oil reversing upward, looking at breaking new highs this year
PIXY
PIXY hit high of day (HOD) $0.46 at the open and faded to low of day (LOD) $0.3841 intraday, closing at $0.4248. If there is another pullback, watch for the dip zone to be at $0.40-$0.414 levels. SSR will be on for Wednesday 5/18/22. Short Interest is 4.07% of float. PIXY needs to reclaim $0.50-$0.55 levels for a run back above $0.60-$0.75 levels.
Catalyst:
“Special Distribution of Shares of Industrial Human Capital, Inc.” You may view the full press release here. Board of Directors (the “Board”) approved a special distribution to ShiftPixy shareholders in the form of shares of common stock of Industrial Human Capital, Inc. (NYSE: AXH), the special purpose acquisition company, or “SPAC”, in which ShiftPixy currently owns an approximate 15% ownership stake. All ShiftPixy shareholders of record as of May 17, 2022, will receive their pro rata share of AXH common stock equal in proportion to their percentage holdings of ShiftPixy common stock issued and outstanding
ASNS
ASNS hit high of day (HOD) $2.50 premarket and low of day (LOD) $1.80 intraday, closing at $1.95. If there is another pullback, watch for the dip zone to be at $1.80-$2.00. It will need to reclaim $2.50 levels for a move up into the $4+ range.
CEI
CEI hit low of day (LOD) $0.7151 and high of day (HOD) $0.77 intraday, closing at $0.7438. If there is another pullback, watch for the dip zone to be at $0.7175-$0.735. CEI will need to reclaim $0.80 levels, then break above $0.85 for a run above $0.90+.
Catalyst:
- SC 13G/A Sec-Filing SCHEDULE FILED TO REPORT ACQUISITION OF BENEFICIAL OWNERSHIP OF 5% OR MORE OF A CLASS OF EQUITY SECURITIES BY PASSIVE INVESTORS AND CERTAIN INSTITUTIONS. View filing here.
- NT 10-Q Sec-Filing. View filing here.
5/17/22 Setups Recap
If the market is red, 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.
INDO
INDO hit low of day (LOD) $12.64 premarket and high of day (HOD) $18.86 intraday, closing at $17.54. After hours, it moved another $0.34, closing at $17.88. If there is another pullback, watch for the dip zone to be at $15.74-$16.97 levels. Short Interest is 9.11% of float. INDO needs to reclaim $20-$20.50 levels for a run back above $26-$30 levels. If crude oil is able to reclaim $120 levels, watch all oil plays for the move back up. Be careful swinging anything that’s been trading under $1 for greater than 30 days due to delisting/delinquency requirements or reverse splits.
INDO hit low of day (LOD) $17.14 premarket, $0.17 above my dip zone ($15.74-$16.94) (✓), and moved $3.33 (19.43%) to high of day (HOD) $20.47 intraday, closing at $16.68.
PIXY
PIXY hit high of day (HOD) $0.71 premarket and fading to low of day (LOD) $0.3796 intraday (which I alerted live on Twitter), closing at $0.44. If there is another pullback, watch for the dip zone to be at $0.40-$0.44 levels. SSR will be on for Tuesday 5/17/22. This is the time when buying all the big pullbacks will count. Short Interest is 4.07% of float. PIXY needs to reclaim $0.50-$0.55 levels for a run back above $0.60-$0.75 levels.
PIXY was a swing setup from the previous day at that $0.3796 dip zone, moving $0.09 (23.81%) hitting high of day (HOD) $0.47 premarket. It pulled back to my dip zone ($0.40-$0.44) $0.40 (✓) and moved $0.06 (15%) to high of day (HOD) $0.46 intraday, closing at $0.4248. It was unable to break above $0.50 for a bigger move, so the swing continues.
ASNS
ASNS hit high of day (HOD) $2.45 and low of day (LOD) $1.95 after hours, closing at $1.95. If there is another pullback, watch for the dip zone to be at $2.10-$2.25.
ASNS hit high of day (HOD) $2.50 and faded into a low of day (LOD) $1.80, breaking below my first dip zone ($2.10-$2.25). It was able to move back up, closing at $1.95. It was unable to break above $2.50 for a bigger move, so the swing continues to $4+.
VRM
VRM hit low of day (LOD) $1.46 and high of day (HOD) $1.83 intraday, closing at $1.47. VRM seems to have found support at $1.46 levels. If there is another pullback, watch for the dip zone to be at $1.40-$1.46. VRM will need to reclaim $1.64 levels, then break above $1.80 for a run above $2+. If VRM breaks the wall down at $2+ this week, $3-$5 levels will come end of week. Based on 12 analysts, there is a high PT of $51, low PT of $2, and average PT of $8.71.
VRM hit low of day (LOD) $0.03 above my dip zone ($1.40-$1.46) $1.49 (✓) and moved $0.16 (10.74%) hitting high of day (HOD) $1.65. It was unable to break above $1.85 for a bigger move, so the swing continues to $6+.
AGRI
AGRI hit low of day (LOD) $1.76 premarket and high of day (HOD) $3.05 after hours. AGRI closed at $2.77. Short Interest is 0.46% of float. AGRI needs to reclaim $3.00 levels for a run back above $4-$5. Due to volatility surrounding multiple catalysts listed below, I’ll give 2 dip zones since the market could respond hard in either direction. If there is another pullback, watch for the 1st dip zone to be at $2.49-$2.59 levels. If it breaks that dip zone, watch for the 2nd dip zone to be at $2.24-$2.40.
AGRI hit $0.01 below my 2nd dip zone ($2.24-$2.40) $2.23 (✓) premarket. It moved $0.50 (22.3%), hitting high of day (HOD) $2.74 intraday, closing at $2.68. Watch for pullback between $2.47-$2.60 levels. AGRI is under SSR Wednesday. Needs to consolidate above $3-$3.25 for $4+.
DBGI
DBGI hit low of day (LOD) $0.22 intraday and high of day (HOD) $0.3191 after hours. DBGI closed at $0.2490. If there is another pullback, watch for the dip zone to be at $0.2475-$0.255 levels. Short Interest is 3.20% of float. Volume closed at 25,790,253 compared to its 10 day average volume of 6.45M. DBGI needs to reclaim $0.30 levels for a run back above $0.40-$0.50. If it holds higher lows, we can assess the next leg up towards the $1 range.
DBGI hit $0.0275 below my dip zone ($0.2475-$0.255) at $0.22, but was able to reclaim the dip zone and consolidated at $0.2435 levels. Keep an eye out for a bigger move in the coming days/weeks.
BBIG
BBIG hit high of day (HOD) $2.90 premarket, and low of day (LOD) $2.51, closing at $2.60. BBIG hit $2.90 after hours. If there is another pullback, watch for the dip zone to be at $2.50-$2.55 levels. Short Interest is 21.91% of float. BBIG needs to reclaim $3.00 levels for a run back above $3.50.
Catalyst:
May 18, 2022 (this Wednesday) being the set record date for the dividend of shares of common stock of Cryptyde, Inc. View press release here. There is confusion on when the last day is to buy in; 5/16 or 5/18. To save yourselves the stress, assume that date is tomorrow and hold. Plus, it’s better you get in before it’s back above $3-$4 anyway…
BBIG hit low of day (LOD) $2.47, $0.03 below my dip zone, but it was able to reclaim my dip zone twice: ($2.50-$2.55)(✓) intraday moving $0.36 (14.4%) to high of day (HOD) $2.86 intraday, closing at $2.72 and again after hours, moving $0.12 (4.8%) from $2.50 to $2.62. BBIG needs to reclaim $3 for a move back above $4 levels.
BBIG was a continued swing from the previous week. It hit low of day (LOD) $2.59, closed at $2.86, and hit high of day (HOD) $3.13 after hours (✓). BBIG needs to reclaim $3 and consolidate for a move back above $4 levels. If there is pullback, watch for a dip zone at $2.70-$2.81.
GME
GME hit low of day (LOD) at $93.80 premarket and high of day (HOD) $106.78 intraday. If there is another pullback, watch for the dip zone to be at $92.48-$96.10 levels. GME needs to reclaim $110 levels, consolidate, and then reclaim $125 levels for the next leg back up above $136-$150 levels. The last time we dropped below $80 levels on 3/15/22, we ran back up to $200 levels on 3/29/22; that was a 2 week swing. Short Interest is 22.01% of float. Based on analysts, there is a high PT of $90, low PT of $23, and average PT of $47.67.
GME was a swing setup from 05/13/22 at the dip zone ($95-$97), but it was only able to hit $99.18 premarket. It faded throughout the day into a low of day (LOD) $90.78.
GME hit low of day (LOD) $91.20 and hit high of day (HOD) $103 after hours. I’m still swinging my full position from last week. GME needs to reclaim $110 levels, consolidate, and then reclaim $125 levels for the next leg back up above $136-$150 levels. If there is a pullback, watch for the dip zone ($92.70-$96).
Others to Watch/Trending
- VERU
- LGVN
- AMC
- DTST
- RDBX
- AMZN
- AMD
- TSLA
- FCEL
- ATER
- BOLT
- BLU
- BRQS
- XELA
- CSCW
- GFAI
- NILE
- GHSI
- KTRA
- AUMN
- SONM
Oil/Gas 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. Be careful swinging anything that’s been trading under $1 for greater than 30 days due to delisting/delinquency requirements or reverse splits; I’d keep them as day trades if uncertain.
- INDO – 9.11% SI
- HUSA – 6.32% SI
- ENSV – 3.43% SI
- CEI – 9.59% SI
- USWS – 11.58% SI
- MXC – 4.74% SI
- MARPS – 3.20% SI
- IMPP – unknown SI
Earnings
5/18/22
- TGT
- ZIM
- LOW
- TJX
- ADI
- CSCO
- SNPS
- BBWI
- CPRT
- SQM
5/19/22
- KSS
- GOGL
- EXP
- MNRO
- CAE
- AMAT
- ROST
- PANW
- FLO
- GLOB
5/20/22
- FL
- BKE
- RLX
- ATEX
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-Cheers
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