Sunday, January 09, 2011

Watchers for the 1-10-11 trading session

As a side note of interest, observe how most promoted junk like RPC ends up, a 32% drop on Friday!

CHTL

Supernovae scan return. Volume still strong, so it might not be done yet. If so, box and drop. A fade on massive early sell dumps and confirmed weakness cues. These things often go on longer than is sane, but entering long now is a bit daring. Usually shorting weakness not strength is best.


DUNR

Another Supernovae, this one was a long over 0.75 in a pick for Friday's session. It panned out, but now the game is fade massive early sell dumps and confirmed weakness cues. Volume is already winding down, though it made new highs on Friday anyway. Keep flat on early strength/greening, learn to ambulance chase.


EEE

Our last Supernovae, this one also has declining volume but new highs. The approach is as for that of DUNR which it resembles. See that analysis for details.


AERL

Having broken through a previous high prior to a correction at 11.55 this could see 12 easily. An attempt to hit that could be long scalped. A hold and advance over it on volume is also a long, or a red to green.


AVII

A nice bottom "W" correction featuring overtaking and currently holding of 2.25+ on volume. 2.50 test looming. Down after hours, a sprightly red to green might get us there. If 2.50 holds, it could be a big day for the longs.


NCTY

Another nice chart. This broke out from 7ish in a decisive manner, and may expand upon those gains on Monday. If it looks weak early, leave it alone and be flat.


TSON

Closed well off of the highs, but this news inspired move of over 42% might have more Monday, at least early on or from the bell, to long scalp into on spiking up. I suspect it closes off the hod again, too. Also a short on massive sell dumps on volume (especially at or near the bell) or confirmed weakness cues. A price action call.


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