CORZ — All updates

One of the stocks that rose the most in percentage terms today, but clearly has a very different daily chart, is Corus. It is 13% higher today. In this case, it is above the 200-day moving average, which is usually a good sign.

You still have the declining 50-day average, as you say, and I always find that when I look at it and it seems like there is still a short-term downward trend, it doesn't look very good .

But if I try hard enough , I see that these lower peaks of the past few months are under pressure . So, is there an outbreak at Corus here? This is a name that is talked about a lot because he can be explosive when he wants to go.

along core core scientific, which again is used to be a crypto stock, but is no longer. So we've got these legacy stocks that are now in the data center AI space that I'm not going to you know, I don't know.

Uh Core Scientific is interesting because again um subscribers know I consider this chart extra murky. Um at any time this can end up being a giant three-wave top. But for the bull the uber bullish perspective at least I'm framing it as a potential diagonal.

But that's only true if it continues to hold up and continue to push up because all of this move um while this move is impulsive back here in combination this structure with that structure is basically indicating a big corrective pattern.

Um corrective patterns can become diagonals once they form five waves. Um and so um but but again inside diagonals trading is very very murky and levels um inside a diagonal often do not hold until you have um impulses impulsive legs uh in the internal structure of a diagonal.

Okay. Um and even now uh it does look like it's trying to form a setup and I believe that to be the case as long as over 19. So, what's nice about this chart is if it does work, we're super close to the stop, which um I like to use my stops at se at the lower at the bottom of the wave one, which is 1780.

Okay. Um I I do consider this setup questionable, but who cares when you have this kind of risk situation and potential return, right? I don't I again, I've told you guys uh and I've told subscribers for years, I don't trade for win rate.

I trade for this kind of situation where my stop is super tight, okay? Okay. And I can get a decent position on it with very little risk and my potential reward is is far away, right?

So, you know, again, risking 20 uh or $2 from 20 to 18 uh 1780 to be precise. So, two bucks, risking that for 37 bucks with a target of 57 to me is an easy trade even if the chart is murky and and quote unquote low probability, which it is. Okay. So, um,