My Top 2 Trade Ideas for Q3
Detailed analysis below...
Before I get to my Top 2 Trade Ideas for Q3, here is an update on current trades.
SN – We have big gains now (>11%+) on this Day 4 earnings day trade I entered long on 8/13. We broke $100 yesterday, where I took another 1/3rd profits. I will be holding the remaining 1/3rd with a trailing stop (currently below $95.1).
The key on this SN long setup for me was volume. On Day 1 of the earnings gap, we saw the highest volume day of the last year. Day 2 followed it up with the 4th highest volume day of the last year. We entered long on Day 4 and held through the lengthy sideways consolidation period. Now up >11% on my final 1/3rd. I see room to $110 here on the Weekly.
SEZL – From my Top 6 Small Caps list. Huge upside move in this name following the massive earnings beat and guidance raise on 8/8.
$160s will be a +100% gain on this long I entered just 7 weeks ago. I’m still holding my full long position.