trading ideas

axl

• short interest increased 45% in 15 day period between Apr. 30 to May 15.
• i'd suspect that most shorts got in subsequent to the huge up day on May 8th.
• as price continues to get trapped under 200dma (at 2.58), most shorts are in the money.
• short squeeze play possible if price gets above 200dma & resistance area of 2.60 to 2.67 with momentum
• resistance at 3, 4, 4.64.

bzh

• at short interest of more than 22%, many are betting this homebuilder to crash as it gets trapped under is 200dma and 20dma.
  
• i beg to differ as I see the price consolidating under its 200dma as a rather bullish sign. If i'm correct, we could see another amzn play.
• amzn got trapped/consolidated right under its 200dma for a month (feb). during this period, many people on twitter were betting against it and added to their short positions. However we saw a short squeeze as amazon poked through its 200dma.
• bzh is consolidating nicely via a wedge pattern under its 200dma, a break above 2.75 with momentum, would get shorts nervous to cover.

cnb

• gotta be careful with this one. made 2 doji's on weekly with top volume.
• but like the conolidating pattern and high short interest of 19%+
• looking for above 1.4 with volume. multiple levels of resistance at 1.5, 1.6. high risk play, in&out.

more to come...