This has potential. DWAC is early stage yet has been rising on overwhelming demand. The shares can continue higher. Many are interested in seeing changes in social media amid government imposed lockdowns, and so there is a rebelious aspect. 5 Minute Chart
I have seen a lot of comparisons between DWAC and GME or AMC, but the difference is that GME and AMC were down and out stocks that were heavily shorted at the lows. The short squeeze fueled their runs.
ReplyDeleteDWAC is different. It is currently rising on sheer demand. The shares can rise further. Eventually the shorts will find this and build short positions. A short squeeze can then occur from higher levels. That is why this has more potential.
Fill the gap on the chart?
ReplyDeleteYes, it could fill some of the gap.
DeleteThink about this:
ReplyDeleteDWAC to be headed by the previous president of the United States.
DWAC to be headed by the potentially future president of the United States, Donald Trump.
And that makes this an exceptionally interesting Election play as we approach 2024...
Any thoughts on BOIL (Nat Gas)?
ReplyDelete107 PT
DeleteYou mean price target for BOIL is 107? Sorry need help to understand. Then what about timeline? Do you think it will just keep going? or correction then go up again? Actually I am thinking of entering KOLD (3x Bear NG). Thanks in advance.
DeleteI'm expecting a correction for oil and likely nat gas in November. Then another pop.
Delete107 Boil, sooner rather than later.....150 if NG spikes to 10.20 area...NG is in bullish cycle....for what could be 2 years, with gap downs as only the widow maker can do...play the channel
DeleteNG support 4.90
SC, vix break the suport line?
ReplyDeleteVIX getting ready for a small pop in November but still too early for a major spike. But it is coming year end.
DeleteI have model that shows clearly where the volatility occurs. I'll do an update on this. Expect year end.
DeleteThanks
ReplyDeleteThere it is! OCGN spiking!!!
ReplyDeleteOCGN looking to break out of the Pennant on monthly. WHO meeting tomorrow.
ReplyDeleteExpecting OCGN to ramp higher in November.
ReplyDeleteBought starter position DWAC $66.50.
ReplyDeletesc,
ReplyDeletedid you sell the ocgn???
OCGN tried to breakout but was slapped down. Part of the problem with OCGN is that being up 2,800% on the year makes it difficult to advance. But it's a great trader and even if it just trades in a range that's ok. We can just trade the range with good results.
DeleteThere are reports the WHO delayed yet again to November 3rd.
Still holding but if it's not moving higher this week and next I might bail and look to reenter in the lower range again $5 and run to $13 again.
Let's see but if that's the case then we may be better off doing DWAC first and OCGN second. But we'll see.
DeleteThe OCGN chart is still very positive so a matter of how we want to position ideally
DeleteBrought intc and pins. Waiting until am for dwac, still haven't decided on this one.
ReplyDeleteThanks Deena, good ideas!
DeleteOCGN announces phase 3 study in USA. They have a complete phase 3 in India, but for FDA approval they need it bridged to the US.
ReplyDeletehttps://ocugen.gcs-web.com/news-releases/news-release-details/ocugen-inc-announces-submission-investigational-new-drug?s=01
The WHO will likely approve Covaxin first then Canada and finally the USA.
DeleteThe process along the way makes OCGN a great swing trader!
TSLA lifting SPX
ReplyDeleteSC, lmt, war stock...
ReplyDeleteI like that line of thinking. Yes we are going to have a time and place for that...
DeleteAdded noc and stem.
DeleteOil not invincible today
ReplyDeleteperhaps on NG rollover, bids will soften but any KOLD buy better have stops tighter than a frog booty...
ReplyDeleteNG bullish phase is now in play....2-3 years of making money on bullish side now....short if your into losing money
sc,
ReplyDeleteis this a double top ---NDX--???
sc,
ReplyDeleteSpx 4604---is a fib retracement level--no infrastructure bill again --second month for the Democrats--self imposed dead line--does not look good?
Well we should see a dip in November but not major yet. But we are getting closer to volatility. Due year end.
ReplyDeletehow big are you expecting dip to be in nov
DeleteOil is pulling back now clearly. SPX is still rising but it will get hit soon too. What I'm expecting is a quick dip but that the September lows will hold. There is a 4500 gap.
DeleteI don't think this dip is anything yet. Still very quiet.
ReplyDeleteTook profits and sold OCGN $11.25.
ReplyDeleteSc what are your thoughts on where gold is going ?
ReplyDeleteThanks
We know that Gold will eventually be the beneficiary from inflation but that is the long term view.
DeleteIn the short term this is more complicated for Gold. Bitcoin for example. For now Oil is the most straightforward inflation play.
Gold already had a good run last year. It acted as a safe haven, Covid. Therefore Gold should continue to settle down as the need for a safe haven subsides.
New chart posted!
ReplyDelete