First red day Supernovae scan return. Plan is to play for more down side in heavy sell dumps or confirmed weakness cues, if they arise. Keep flat otherwise on strength/greening. As usual, the best set up has a nominally green or red or flat open, then a clear move, rather than a big gap either way. Fell a lot so be wary.
TROV
Same as the above and also a recent Supernovae scan return, except that it fell less so more down side might be in the offing if we get a viable entry signal.
BDSI
Red floater with clear resistance at about 3.75ish. Plan is to play for more down side action if it arises. Fade heavy sell dumps or confirmed weakness cues, if they arise. As usual, the best set up has a nominally green or red or flat open, then a clear move, rather than a big gap either way. A move above the aforementioned ceiling with volume and holds is a long, in theory. It pays to be flexible and let live price action guide you.
THLD
Nice move up today. I am looking for more at gun or very early spiking up to long scalp into, with a possible longer hold depending on how well it sustains, but no more than an EOD exit. Another possibility is a massive dump from the bell, which could be shorted, but I am flat on that, as it already closed well off of the highs so the down side is probably limited and might soon squeeze. Also possible is a flat or nominally red open and a quick red to green, which is also a long. Any positive open needs to spike for me to chase this short term.
CHGI
A gapper on multiple sessions, that might continue and sport early/initial spiking up. This might be long scalped into. It is also over extending, so it might be shorted if it only nominally gaps or opens flat and goes red fast. I would not try to top fish this if it plays out on the first scenario, which I consider most probable. I'd be flat.
MDMN
This started to give way for the longs Friday, when it closed lower than it opened but still green due to the gap, and had a high wave stick lower shadow. But today the pattern broke down for the optimists. Plan is to play for more down side action if it arises. The best play was today, of course. Fade heavy sell dumps or confirmed weakness cues, if they arise. As usual, the best set up has a nominally green or red or flat open, then a clear move, rather than a big gap either way. I am flat on more outright greening/early strength.
MCZ
Nice break out. A history of second day moves up, this is also at new 52's, which usually go higher short term anyway. May not gap up much or open flat, then gradually advance. Long biased/EOD exit. Also a green scalp on initial or early spiking north, with an early exit in that case. On early weakness or reddening I am flat.
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