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Alex Temiz - Live Trading - My Investing ClubBEARSUNE is a day-two momentum fade to target on a bounce — repeated resistance around $7 makes short entries attractive.21h ago
Investors UndergroundBEARSunnova stock is set up for a short on price pops if it can’t hold; the bias increases if it washes out more into the open below the expected VWAP behavior.1d agoSUNE is a day-two momentum fade to target on a bounce — repeated resistance around $7 makes short entries attractive.
Momentum is described as strongest on day one, with day two tending to cool off after the initial surge and pullback. SUNE’s repeated resistance near $7 is used to frame an ideal bounce-entry zone for a short, while scaling rules keep risk capped.
Sunnova stock is set up for a short on price pops if it can’t hold; the bias increases if it washes out more into the open below the expected VWAP behavior.
SUNE has a news-driven move, but the plan is to trade pops to the short side because the range is seen as appealing. The key discriminator is how it behaves at the open versus VWAP; a washout into the open supports the bearish path.