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MSTR First Red Day, AI Breakouts & Earnings Gappers- Weekend Watchlist

Humbled Trader's day trading & swing trading ideas

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Humbled Trader
November 24, 2024

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Notable: High short interest %

SOUN $8.26

  • This AI stock was an old idea from earlier this year, but has definitely proven to be a good one! The stock went on a huge AI momentum run after receiving a $3.7M investment from Nvidia at the start of the year.

  • With the recent positive product updates, the stock is once again breaking out and testing the highs from March, 2024.

  • The KL for the stock to hold is the $7.7s breakout area on the daily. If it’s able to sustain the KL, we could potentially see more consolidation for a next leg up.

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

  • Position Disclosure: No position

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Data points provided by Stox scanner

MSTR $421.88

  • The stock went on a massive 100% run post election, extending from $260 to $500. The first major red day sell-off on Thursday was said to be triggered by a short hit piece by Citron Research.

  • Staying neutral on this name. The short-term direction would be indicated by how the stock reacts to the key areas, which will be around $435-440 next week.

  • The chart’s technicals are really reminiscent of the SMCI move in February of this year. These are good charts to study and memorize.

  • Position Disclosure: No position

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Notable: High short interest %

CLSK $15.10

  • This crypto miner stock also rallied to highs recently with the rise of BTC prices. It’s likely to move in very similar direction as MSTR.

  • Since its recent breakout in early November, the stock has pulled back to just under the 200SMA on the daily. With this Friday’s push it’s once again testing that key area of $15.

  • If the stock can reclaim KL around 200SMA successfully and hold, it may become a viable swing idea to the long side, especially if BTC continues its uptrend.

  • Position Disclosure: No Position

Data points provided by Stox scanner

CRNC $7.20

  • This is a small-cap AI stock that got a boost in price and volume after an impressive beat in the Q3 earnings report.

  • The stock broke through the 200SMA on the daily on the second day of the breakout. This area, around $6-$6.50, is the KL to watch out for.

  • This stock has been in a long-term downtrend since August 2023 and earlier. It really needs to show some consolidation to prove its strength. If it breaks down the $6 area and below, it’s no longer bullish.

  • Position Disclosure: No Position

🗞️ Market movers you might’ve missed:

- MicroStrategy Inc. ($MSTR) MicroStrategy's market value tops $100 billion as Bitcoin hits new high.
- How we traded: Daily Extension Short Strategy

- Super Micro Computer Inc. ($SMCI) Super Micro's stock soars after company submits plan to stay listed on Nasdaq.
- How we traded: Backside Long Strategy

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Email Disclaimer:
The Watchlist Emails are NOT trade alerts to buy or sell. We are not financial advisers. The above information is for educational and entertainment purposes only. Investing of any kind involves risk. While it is possible to minimize risk, your investments are solely your responsibility. It is imperative that you conduct your own research. We are merely sharing our opinion with no guarantee of gains or losses on investments. You accept our Terms and Conditions.