GU
Printed hammer on the daily after big up move day. This stock if I recall correctly tends not to hold its gains well. Theory goes that a hammer at the top of a move, as opposed to the bottom of one, is Bearish. Any fall beneath the close of today or below the open on 6/30/10 is a short biased entry. Any price action besting the high today (1.03) is a long if it has good volume and acceleration. I trust the short more, but remain flexible.
OMER
Now a red floater scan candidate, this stock from last time may see more down side if all goes to script. The fly in the ointment is that the last 2 distribution days have been on much lighter volume than the big up day was for the accumulation day. So, again, remain flexible...if it fails early, fade it, if it looks strong early go long. I predict if either scenario comes to pass, it will be a solid play all day in that direction.
ZAGG
Printed a nice long doji on the daily today following several upwardly mobile sessions. Short on most plays, assuming it does not trade above the close on Tuesday or the 6/29/10 high of 3.18, etc. Best case scenario sees this trade convincingly below 3, for the fade play.
GBRC
Monitoring for over extension short play entry. May not be done yet, but quickly maturing. Nice resistance banded area at about 0.35 for stop placement just above that. Any green to red, falling below the open tomorrow, or gap down and sell early type of price action suggests a fade play.
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