SYMX
B/O scan. I like it long on a continuation play above 1.85 and holds. Needs to stay above 1.68 on pull backs to remain viable for longs. Stops also possible just under the close on Monday or the 1st 30 minute low of Tuesday. Avoid all shorts and all big gaps. The low on Monday is possibly not too far away to use for risk managing stops. Also a long on spiking up at or near the gun as a scalp. Medium volume on the rise, a neutral sign for new buys. No A/H quote.
ELT
Bullish Engulfing. I like this long over the close of Monday and also the high. Medium volume on the rise, which is a neutral sign for new buyers. Keep flat on real weakness aside from a typical red to green move, etc. No A/H quote. Stops just under the low last time or the initial 30 minute one on Tuesday. More conservatively a stop placed under Monday's close, too. The low on that day is not too far away to use for risk control stops. Must keep above 15.00 consistently to remain viable as a long. Avoid all big gaps/shorts.
THM
Bearish Engulfing. I like this short under the close/low of Monday. Medium volume on the drop, which is a neutral sign for new sellers. Keep flat on real strength aside from a typical green to red move, etc. Up a tad A/H. Stops just above the high last time or the initial 30 minute one on Tuesday. More conservatively a stop placed above Monday's close, too. The high on that day is not too far away to use for risk control via stops. Must keep under 5.32 on any pull ups to remain viable as a short. Avoid all big gaps/longs. Nice breech of 5.
CFFN
I like this short below 10.28 and holds on a test which seems in store. No longs or big gaps and entry only on the trigger. That floor has held thus far on several recent attempts. A gap open just under it needs to fail there after the noise candle to enter, while a flat or nominally up debut must fall fail. No A/H quote.
AONE
Interesting double bottom chart trading right near yearly lows that is in play both ways. As a long on a bounce at 3 and holds on a test/perk up off there is one option. Another is a fall fail there to make new lows, to fade. The 1st route is preferable if it holds up, though if 3 goes and holds it could pan out for shorts. Avoid all big gaps. No/AH quote. Close areas of feedback are nice to chose for trades when possible. This one is classic.
ACUR
This is getting some "me too" treatment from the usual suspects in penny land, and it might push again to challenge 4 before it's done. Long on spiking up at or near the gun, or trading above the close today after the noise candle. No shorts or entries on big gaps. It might gap well up and crap, in which case keep flat.
DYN
A double bottom yearly low with support @ 3.50 that is down a bit under A/H. The plan is to go long on an early red to green cross back over the above level and holds. Or on spiking up at/near the gun as a scalp, etc. Avoid any big gaps. Place stops just under the previous close or the initial 30 minute low Tuesday. No shorts.
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B/O scan. I like it long on a continuation play above 1.85 and holds. Needs to stay above 1.68 on pull backs to remain viable for longs. Stops also possible just under the close on Monday or the 1st 30 minute low of Tuesday. Avoid all shorts and all big gaps. The low on Monday is possibly not too far away to use for risk managing stops. Also a long on spiking up at or near the gun as a scalp. Medium volume on the rise, a neutral sign for new buys. No A/H quote.
ELT
Bullish Engulfing. I like this long over the close of Monday and also the high. Medium volume on the rise, which is a neutral sign for new buyers. Keep flat on real weakness aside from a typical red to green move, etc. No A/H quote. Stops just under the low last time or the initial 30 minute one on Tuesday. More conservatively a stop placed under Monday's close, too. The low on that day is not too far away to use for risk control stops. Must keep above 15.00 consistently to remain viable as a long. Avoid all big gaps/shorts.
THM
Bearish Engulfing. I like this short under the close/low of Monday. Medium volume on the drop, which is a neutral sign for new sellers. Keep flat on real strength aside from a typical green to red move, etc. Up a tad A/H. Stops just above the high last time or the initial 30 minute one on Tuesday. More conservatively a stop placed above Monday's close, too. The high on that day is not too far away to use for risk control via stops. Must keep under 5.32 on any pull ups to remain viable as a short. Avoid all big gaps/longs. Nice breech of 5.
CFFN
I like this short below 10.28 and holds on a test which seems in store. No longs or big gaps and entry only on the trigger. That floor has held thus far on several recent attempts. A gap open just under it needs to fail there after the noise candle to enter, while a flat or nominally up debut must fall fail. No A/H quote.
AONE
Interesting double bottom chart trading right near yearly lows that is in play both ways. As a long on a bounce at 3 and holds on a test/perk up off there is one option. Another is a fall fail there to make new lows, to fade. The 1st route is preferable if it holds up, though if 3 goes and holds it could pan out for shorts. Avoid all big gaps. No/AH quote. Close areas of feedback are nice to chose for trades when possible. This one is classic.
ACUR
This is getting some "me too" treatment from the usual suspects in penny land, and it might push again to challenge 4 before it's done. Long on spiking up at or near the gun, or trading above the close today after the noise candle. No shorts or entries on big gaps. It might gap well up and crap, in which case keep flat.
DYN
A double bottom yearly low with support @ 3.50 that is down a bit under A/H. The plan is to go long on an early red to green cross back over the above level and holds. Or on spiking up at/near the gun as a scalp, etc. Avoid any big gaps. Place stops just under the previous close or the initial 30 minute low Tuesday. No shorts.
New users: Read my trading guide for my play set-ups!
Review my blog at Investimonials:
Follow me now on Twitter:
Watch my instructional trading videos on YouTube:
Subscribe to Big T by e-mail:
Subscribe to Big T in a news reader:
The blog has a terms of service. Be sure to read it at:
http://traderbigt.blogspot.com/2010/02/please-read-my-terms-of-service-i.html
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