The Wagner Daily – $RBLX Soars 28% in After-Hours Trading

The Wagner Daily – November 9, 2021

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MTG Market Timing Model – BUY  

Our timing model was designed to keep our trades in line with the prevailing market trend, not to call tops or catch bottoms in S&P 500 or Nasdaq Composite.

today’s watchlist (potential trade entries):

open positions:

closed positions:

position notes:

• No trades triggered.

Commentary:

There are no new official setups for Tuesday’s session, but we are monitoring a few stocks for low-risk entry points.

$LC has formed a bull-flag pause on declining volume after a strong thrust up. Although Monday’s close was near the bottom of the day’s range, if Tuesday’s open and low price hold above $46, then $LC could be in play.

Not an official setup

$UPST touched the 10-week moving average on the weekly chart heading into earnings after the close on Tuesday(11/9). The first touch of the 10-week MA in a strong uptrend is generally a reliable entry point. Note that if we do not have a decent buffer in $UPST by 3pm then we will likely exit ahead of earnings.

$RBLX closed +28% higher in after-hours trading on heavy volume. Unless $RBLX breaks down pre-market, it should be a buyable gap-up on the open over the 1 or 5 minute high. This is not an official entry.

Unofficial Setups – For experienced traders only, no guidance is given for these setups.

• LC – buy at 46.41 and  47.27
• PGNY – pullback to 65.00
• ASAN – buy at 139.00
• S – add at 73.57

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