DSTI
First red day of the Supernovae scan return. True, the reddening was by over 8%, but it might have some room left to the down side if all goes according to plan. Now a red floater, this seems likely enough.
IDIX
Closed on hod. This is one of my favorite patterns. The key level to watch is 9 dollars. Long over that on holds of 9 with acceleration and volume, short failed tests of 9. Technically, 8.90 is the new high to watch, but 9 is really it. As usual, I prefer seeing trapped investors who buy a fake-out breakout or anticipate one so I can short sell.
LPX
A near hod closer potential breakout long candidate, I would like to see even more volume if going long and price hold of 8.10 with acceleration to enter the fray. Much nicer is my favorite fade of failed chart patterns, permitting a short on a failure at 8 and a drop below that level as the desired gravy. We will see on Monday.
JRN
4 White Soldiers. Watch this for tests of 5. Given the past few days, I prefer to fade a failure there on principle. Long only if it takes 5 on volume with acceleration, holding above 5.
MNTA
News catalyst driven moves, somewhat overdone. This may pop early for the longs in a spike scalp buy ploy for them. I prefer fading any such spikes as they run out of gas. Profit taking shorts are my bread and butter.
ISLN
Earnings breakout winner that tried to test 18 and pulled back, but may have another try left on Monday. If it takes and holds 18 early, with volume and acceleration, a long is considerable. I hesitate to enter before then if buying. I do not like this as a short, on principle, as given why it is has seen accumulation of late.
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