Dubai Trader Meetup & Stocks on Watch

UNH $500

• The stock price has undergone a lot of turmoil since the beginning of this month with the shooting of the company’s executive.

• Technically speaking, the stock is approaching oversold territory and has broken down the daily 200 SMA with the sell-off.

• I’m patiently watching for a technical reversal play on this name. So far, the $500 area seems to be the KL to watch.

• If its able to hold and consolidate said KL, we could see a technical bounce back to test the 200SMA once again.

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

• Position Disclosure: No Position

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NUKK $38.6

• There was indeed a valid positive catalyst for this stock: an acquisition of a 51% stake in Start 26 Capital.

• However, the recent +700% move from $10 to $78 is likely to have been fueled by the stock’s low float and high volume breakout, which also created a significant short squeeze price action.

• The stock made its first major red day on Thursday and now has retraced significantly to $40s from its peak of around $78.

• Staying neutral on this name. The key level is the $50s recent resistance area. If the stock spikes next week but is unable to reclaim the KL breakout, we could potentially see a major unwind in this name.

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

• Position Disclosure: No position

MYSZ $4.25

• This is a well-known dilutive stock that has gone through cycles of being pumped up short-term and then eventually unwinding.

• Leaning cautiously bearish on this stock if its unable to break through the $5 KL.

• Under KL, the stock is weak and should provide short sellers a slow and steady fade next week.

• However, if $5 is reclaimed, it is no longer a valid short idea.

• Position Disclosure: No position