Biggest SALE of the Year & Weekend Watchlist!

Humbled Trader's day trading & swing trading ideas

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Humbled Trader
December 01, 2024

Hi ,

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Notable: High short interest %

ACHR $9.57

  • The stock started rallying at the start of last week after some insider buying activity. It’s since then made technical new multi-year high breakouts/

  • Staying neutral on this name. Even though the stock is in a completely different sector, it does remind me of the IONQ daily chart breakout (that turned into a massive squeeze for 2 months).

  • I’m patiently watching for dip buying opportunities around the $8 KL on the daily. It could appear as a form of gap down, weak opening, or just a market pullback day. It’s difficult and risky to chase this stock on the way up.

  • This is a potential day trading and swing trading idea.

  • Position Disclosure: No Position

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Notable: High relative volume

UMAC $18.73

  • I couldn’t quite find the exact reason this stock has been rallying over the last couple of days. However, it does seem like the sharp increase was due to Donald Trump Jr. joining the company’s board of advisors.

  • This is a lower float stock that just exploded in RVOL. Shorts were trapped midday the last two trading days.

  • Staying neutral on this name. If the stock can gap up on Monday and hold Friday’s highs of $19 area, we could potentially see more continuation.

  • However, if the stock breaks down KL of $14-15, it will no longer be in play for the long term.

  • A wider risk level is needed to trade this volatile name. Please trade this risky name within your own risk tolerance.

  • Position Disclosure: No position

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Notable: Decent amount of short interest %

SMCI $32.64

  • After months of downtrend and getting hit by negative news one after the other. the stock finally caught some more convincing bids around the low $20s and has since made a small technical bounce to test $39. The daily appears to be setting in a new range over 8EMA.

  • Leaning cautiously bullish on this stock if it can continue to consolidate and trend over the 8EMA. The KL to watch is the $38-$39 range. If the stock can break out over said KL, we could see a confirmation of the daily downtrend break to the upside.

  • This stock is on watch as a swing idea.

  • Position Disclosure: No position

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🗞️ Market movers you might’ve missed:

- ZenaTech Inc. ($ZENA) ZenaTech's stock surged after announcing new defense partnerships for AI drones.
- How we traded: Former High-of-Day Long Strategy

- Archer Aviation Inc. ($ACHR) Archer Aviation announces a $500M partnership with Soracle to expand air taxi services in Japan.
- How we traded: Gap Up Reversal Long Strategy

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