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Brian Shannon, founder and full-time trader at AlphaTrends, discussed trading strategies for DRAM, MU, INTC, PANW, CRWD, NFLX, SMR, MSFT, XBI, VKTX, and SPCX. He highlighted decisions such as chasing the gap or waiting for VWAP, with a focus on a two-minute exit strategy.
Shannon previously identified a key supply zone for SPCX between 175 and 179.50, warning of potential resistance in that range in a recent note. He also wrote that SMH would need to undercut its June 9 low and approach the year-to-date VWAP for a stronger bounce, according to a separate analysis. These observations reflect his ongoing focus on technical levels and trading tactics.