High Beta Blood Bath: Spotting Support Levels

$JPM $GS $JNJ $CRWV $NBIS $RGTI $SMR $OKLO $IREN $CIFR $META

Hello traders,

Today, let’s examine some high-beta stocks that were among our favorites this year, delivering exceptional gains but selling off sharply since October 14th.

We ran them all through our algorithm to identify strong demand zones that could provide support and a potential bounce. If a name is still far from those zones with downside momentum, it presents a good shorting opportunity.

We analyzed: CRWV, NBIS, RGTI, SMR, OKLO, IREN, CIFR, and META. These levels also work well for options strategies, such as selling puts below the demand zone. We also have some trade ideas and setups + option flow ready for you on some financial stocks and biotech.

Our $OPEN trade from yesterday is up over 10% on a day and $SNAP also breaking out over 4% today.

So, let’s begin!

$CRWV