Happy Labor Day, folks—markets are closed, but the homework never stops.
This week’s watchlist focuses on inside weeks, NR7s, and multi-week contractions—the places where real moves start, not cookie-cutter breakouts.
Here’s what’s on my radar:
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$TRIP → Hedge fund accumulation, tight 3-week range, inside week on lowest 10-week volume. Buy-stop ~$17.75, stop ~$16.65.
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$QBTS → Quantum theme, inside week low-volume setup. Buy-stop ~$16.29, stop ~$14.20.
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$QUBT / $QUBX → Similar quantum play. Buy-stop ~$16.20, stop ~$13.70.
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$KC → Chinese name, major move late last year, sideways since. Trigger ~$15.20, stop ~$12.90.
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$WRD → WeRide. Big accumulation volume. Two back-to-back inside weeks. Trigger ~$10, stop ~$8.84.
The key takeaway:
Always ask “Where are moves starting from?” Build your scans around that—inside weeks, NR7s, multi-week pullbacks—not just arbitrary breakout levels.
Trade them well,
Frank
