Watchlist – 9/24/2020

NKLA

Craziness here. At some point the chickens come home to roost. We had a really good fade today, but I don’t think true panic has set in yet. Given all the reporting around it I still think it’s a possibility that GM pulls out of the deal to save face. If that happens it’s going to be night night. I have no idea about a target level as it stands right now, but I’m hoping for Higher better.

JKS

Strong chart, and a strong close. Not looking to step in front of this one at all. Either looking for a para or looking for 32.50 to break down.

TWTR

It closed pretty heavy, so I’m thinking a trend joint and some failed follow through after any kind of push back towards 45.70s

PINS

I had a good reactive trade here today and I think tomorrow could offer some more opportunity to catch some downside. I’m interestd in pops to 40-40.40s

WKHS

It feels like we could get back down in 20.xx territory soon. Interested in pops back towards 23.30s

PENN

67.30 is a level of interest for me to get involved for a breakdown back toward 64