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TSLA $269.19

• Tesla stock is surging to test 52-week highs after a strong Q3 earnings report.

• Looking for more trend join opportunities as long as stock can hold the $269-270s daily key level.

• If this level consolidates and holds up next week, we could see a potential continuation to the upside toward the daily gap-fill area around $276-280s.

• This is a potential day trade and swing trade setup, as TSLA stock historically has multi-day follow-throughs when there is above average RVOL breakout.

• Position Disclosure: No position

IONQ $16.69

• This is a quantum computing name that has been getting a lot of hype on CNBC and on social media.

• The stock has broken out of 200SMA and has been rallying for more than 8 consecutive days. It’s starting to set in a parabolic breakout,

• The KL to watch for this stock is in the $15s area. It’s very difficult to chase a stock up after eight days of parabolic move. However if it dips to the KL and holds up, I’d look for potential long entries to join the trend.

• Eventually, the stock could set in a first red day or even a second red day for the short sellers. However, do not try to “pick the top” if shorting is your preferred strategy.

• Position Disclosure: No position

PHUN $10.60

• This is a volatile low-float small cap stock that generally follows the movement of DJT, which is associated with former president Trump. Both names have been rallying in anticipation of US presidential election.

• Staying neutral on this name. If the stock can hold the $9 KL and continue consolidating into the election, we could see it test its highs over $12-14.

• However, if stock breaks down KL and sells off, it is no longer in play on the long side. It could be a better short for $7 downside and potentially lower.

• Position Disclosure: No Position