Aug. 6 at 10:01 PM
$NOW Touched my price entry today in the
$111 range, and proceeded to make a nice recovery. I’ve attached the 15m, which looks very nice, and the daily, which displays the pressure asserted by the 200 day ma above. I suspect it breaks the 200 day barrier soon, but I don’t care for the overall market dynamics at hand.
$NOW should be somewhat insulated as an inverse trade to
$SOXX (semiconductors), but they did (as discussed) begin trading in parallel yesterday, rather than inversely. I’ve taken entry in
$RAIN as a very, very good short squeeze candidate as well, and
$BATL is grinding up with continued
$WTI prices today. Here are my price targets in the near term (next 5-7 trading days).
$RAIN :
$5.00 (current price of
$1.27)
$NOW :
$130 (current price of
$120)
$BATL :
$2.20 (current price of
$1.36)
NFA as always.
