All right everyone. So it's just past 9. A.M And uh, sitting here with an interesting Gap scanner leading gabber in the market A-l-l-r Uh, but this is a um, this is actually reverse split And sometimes this happens that when a stock does a reverse split, it'll appear on the Gap scanner because the price is higher than yesterday. But it's because of the reverse split.

So I'm going to disregard ALR doesn't have any other news Catalyst I Don't think it's going to do anything else. GTX is our second leading Gap are currently up 657 percent. Holy Smokes! Sgtx has a news headline of a buyout offer they receive. which is interesting because the buyout offer was like 14 and what was it? Let's just double check.

So the buyout price was 14.92 Okay, so it should be trading at 14.92 right? Well, if you keep reading just a little bit more, it says uh, it's a purchase price of 14.92 per share in cash, plus one non-tradable contingent value, right? CVR per share That entitles the holder to receive up to an additional 111.64 cents per share in cash for a total potential consideration of 126.56 per share in cash. That's crazy. So Traders read enough to know that it was worth probably more than fourteen dollars, but not confident enough to buy it all the way up to 126. there's obviously some contingencies in here of some type.

Um, so I don't know, you know these are one of these things that I tried to trade. the price action. sometimes these news catalysts and this is one in particular that's a bit unusual. Um I You know.

so there's a first regulatory approval of a specific of a specified product. You know there could be no assurance that this payment will be made with respect the CBR So there's that upon the first dosing of a specified product in the first human clinical trial. So you know there's a lot of, um, you know there's contingencies to this. so realistically, it probably comes back down a bit towards that 14 15 level.

But you know what do I know? stocks can be irrational longer than we can remain solvent. So let's just trade. the price action and the price action so far is. well.

it was good. It was decent. It went basically straight up I made 2898 on it, but it's now gone into some sideways consolidation. I am NM Yes, this one is easy to borrow at Lightspeed which is interesting.

Typically, stocks are easy to borrow at light speed, end up rejecting, and sometimes even do a full round trip I've noticed. So for that reason I am gonna sit on the sidelines for right now. Yes, you did just get a nice break there of 788 went up to 825. micro pullback goes up to 889.

higher volume, but my gut is telling me to hesitate. So I'm gonna I'm gonna trust that and uh, you know, wait for a little bit more conviction. so you've got a high right now of nine dollars 901 Again, easy to borrow There may be traders that short against nine the whole dollar. Let's see what it does: 906 by 915 and then back down to 8.99 So right now it's up 54 which is good 9am news.

Interesting. Nice pop there up to 9.50 so the more it goes up, the more interesting it becomes. That's the funny thing with these. The problem of course is that the risk increases as it goes higher.

I would like to see where it pulls back. right now you're seeing increasing volume up to right now a high of 9.71. unfortunately on this one, because of how extended it is I would have to trade it with smaller share size and we'll just have to see where it gives us a nice opportunity. I Think the fact is easy to borrow stocks initially often reject.

this one's holding up better. and because it's holding up better, you may start to see shorts get forced to cover instead of continue to add, you know, But you also want to be careful buying it too high. so that's that delicate balance of capitalizing on the possible short squeeze without just falling victim to Fomo and buying it at the top. So right up here, you've got a little bit of teetering action and a rejection suitable.

Now you're breaking the Steep ascending support line. This is going to be a candle with eight seconds left that is red piercing the whole dollar of 10 breaking back below it. That's a reversal candle. New high, it's 1005.

foreign profile, increasing volume, increasing volume Peak 1041. low down here 9 36. this is our third leading Gap around the scan. Highest volume candles on the doji with a fairly large topping tail of 67 percent.

Now there was some resistance in the 950 to 10 area before, so if we can hold over 950, that's good. Foreign X is pulling back a little bit. No, sorry Sgtx, We've got 20 seconds left on the five minute candle and it's teetering. It's a doji right now and it's kind of going back and forth between red and green.

10 seconds left on this five minute candle. Will it be green or red? The open price was 9.53 It's a small red body, but it is a red candle. That's reversal indicator. If it breaks below 932, that would be a break below volume, weight, average price.

You can watch the selling pressure around 932. if it holds that level, that could be a dip entry with a stop just below. But to be a little careful there, so it's already bounced a bit off that potential dip entry at 932. the double bottom but I Kind of was waiting to see it break and then reverse and come back up because the problem with buying right where it was is it looked like it might have been about to flush and with this five minute chart it's It's not a clean five minute pattern right now.

So hi, this candle is 9, 10, 25 . there's that reversal candle back down to 950. and now it's breaking down a bit more. That's a pretty big projection candle, so you know again, you could do a dip down here off of 30.

we'll see what what it does, how well it holds. Um, so dip for me at 36 buying that dip I Want to try to catch a pop back up to 9.50 Realistically, it's a pretty good entry added at 25 and now looking for the pop back up to 45? there's 47.. let's see if it goes over the half dollar. So holding 2800 shares, let's see if this wants to break back over 9.50 This for me is a dip entry.

These don't always work, but I feel like it's worth a stab so we'll see what it does. Holding 1400 shares right now added at 13. So I bought that dip there at 9 13. Now looking for the pot back up to 9.25 average is 9 20.

So let's see if this. I'm wondering if it can reclaim V web I'm just going to take the loss on it. so 700 bucks it's a little annoying. Low down there is 8.92.

we have about 11 minutes to the opening bell. This isn't bouncing yet. It's a pretty big rejection right now, so you have you now have 30 seconds left on this five minute candle. You've got two high volume red candles.

It's coming back down. I Don't see anything right now that looks more interesting. Foreign TX is still on a side chart I Am NM is still at 50 percent but needs to reclaim B web and has a four volume profile right now. Foreign? good for you, Foreign Foreign TX is curling up a little bit here I'm not sure how much higher it's going to go I'll keep an eye on it, but it's not my favorite free market chart.

It's just been sort of declining. Spreads are pretty big now. right now you've got a double bottom off of like one. seven 15.

it's under B whap a trade over 29.50 That would be a break of B-wap but how much would it go up? Your pivot here is 30.33 so it's only 75 cents away, 85 cents away. Then over that level over 30 50, it starts to look better for a move back to 32. if it happened, we'll see we've only got about five and a half minutes to the opening bell. So right now, sitting tight going into the open with two thousand one hundred three dollars and 34 cents, green on Sgtx red on I Am NM J-o-b-y Ear Uh, 359 million share float, it's pretty high.

It's a nice move, but I'm not sure about that one right here. So right now, today is the smallest green day of the week, but it is a green day which is good and just working with what we've got on scans which isn't a ton. Well, I don't see a setup right now and I am it's retraced off the high by quite a bit. It's below V web which is bearish, so if it was going to bounce, it should have bounced already.

You've got two high volume red candles I think the trade's done so I didn't trade on the move up I tried to buy the dip a little B web for a reclaim. it didn't work so you know I cut the loss which was the right move and and I I don't have interest in it as it sits right now. Yeah, it appears to be on the back side of the move I prefer trade something that's clearly on the front side or maybe is on the first pullback or something like that. but right now I'm I'm not interested in this one.

Sgtx sort of similar I mean it seems like it's on the back side of the move. it could move back up, but I'm not sure it will so we've got two and a half minutes. the opening bell kind of a choppy morning so far, but Green is good and look to see if I can add more gains between now and when. I Uh, wrap it up for the day all right.

So those of you guys tuning in on: YouTube Thank you for being here I Hope you hit the thumbs up I hope you are subscribed to the channel and I'll see you guys back here. Uh, tomorrow morning and we can wrap up the week hopefully with another. Green Day All right, so that's it for me. I'll see you guys on Friday morning.