SMGBTrades

SMGBTrades

$XPON pullback set-up at the 20D SMA. Very thin volume but nice set-up as it has surfed the 20D for the entire 600%+ move. Strong industry as well.

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SMCI nice and tight, riding the 10 SMA. Just a watch for now, but nice to see under current market circumstances.

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$AUPH AUPH inside days after good run up and decent beat. Liquid and increasing institutional interest.

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$LW eight week base after run up on earnings beat. Riding the 20-Day, getting fairly tight with a decent close today considering market conditions.

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Some nice "tennis ball" action (as @MarkMinervini likes to call it) on $PERI post-earnings.

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Watch list for the Feb. 21 $BTAI $BURL $DOV $DKS $SYK $ESAB $STLD $NUE $BLDR $AEHR $SCCO. Earnings out front of some of these. $RXDX $MCHP $ELF and $MSI shaping up nicely.

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$QQQ, $SPY, $DIA have all put in runs of ~20% from th e lows. Time for a healthy consolidation/pullback. $SPY & $DOW have lost the 20D SMA. $QQQ holding on making a higher low on the pullback. When $QQQ loses the 20, we have seen drawdowns of ~10% to 20% since the start of 2022.

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YPF could make a move out of decent base. Price and volume contraction coming into the 20-day

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ERF pivot right above the 20 day. Price and volume contraction mving into the pivot area.

SMGBTrades

Price contraction moving into a tight pivot area. Good volume dry-up into pivot and coming into the 20-day SMA.