AMEL
Now on my official list for over extension fading. Despite breaking though resistance at 0.16 We might get a crack opportunity on this. Especially on a gap up near or over 0.20ish If under and trying for that and fails hard early on it could be shorted. Or on confirmed weakness cues or spike downs at or near the gun or on a late day crack. The best scenario I think is a gap up and crap, preferable over 0.20 and back under to short. Volume still strong and increasing on the buy side though. 6 green days running, mostly big candles.
SRCI
New Supernovae scan return. A 1 day move up which closed below the highs and above the open. Volume modest most days, now huge. Eventually this can be shorted since it's up so absurdly. I suspect like many such plays it can go further than anyone expects, though. Conditional entry. On a higher open, it might yield a rapid green to red on Tuesday and spike down for a short scalp. This might even be a gap and crap. A fade on confirmed weakness cues or heavy dumping on volume from or near the bell. Ideal is a flat or barely green or red open, followed by a big move down on volume to short into. Avoid big gaps, especially downward ones. Do not short into initial strength or greening. Box and drop to wait for the distribution print, if desired and avoid top fish timing fades. Keep flat on positive price action, avoid scalping long. OTC cheapie, beware.
RAM
Supernovae, still maturing and stubborn. Fake out prone, so be careful. If it reverses on you get out, it has squeezed a number of folks on this run. See my previous comments, mostly still applicable. Volume on the buy side steadily decreasing mostly, a good sign of impending reversal. Borrows will be challenging.
PRXI
Again, see my previous analysis, mostly in effect for next time. Over extending near Supernovae territory stock that had been equal or above the close for 10 sessions running. Volume on the buy side is diminishing steadily, a good sign for a distribution print soon. No A/H quote. Avoid longs and big gap downs.
SEIC
I like this long on continuation above 17.53 and holds. Some resistance to defeat @ 17.50ish. No A/H quote. No shorts. Avoid big gaps. Also long on spiking up at or near the gun as a scalp or trading over the opening price level after 5 minutes in, preferably over the trigger, etc. Modest volume on the rise Friday is a fair sign for new buys. Ideally stays over 17 on pull backs to remain viable a long. Pull back entry near 17.17+/holds.
REE
Bullish Engulfing. I like this long over the high of Friday. 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. Stops just under the low last time or the initial 30 minute one on Tuesday. More conservatively a stop placed under Friday's close, too. The low on that day is not too far away to use for risk management via stops. Ideally stays above 3.14 on pull backs to remain viable as a long if it triggers. No big gaps or shorts. No A/H quote.
RENN
B/O scan. I like it long back over 3.61 and holds. Ideal to stay over that on tests aside from early noise if it triggers. Stops also possible just under the close on Friday or the 1st 30 minute low of Tuesday. Avoid all shorts and all big gaps. The low on Friday is arguably too far away to use for risk managing stops. Also a long on spiking up at or near the gun as a scalp. Large volume on the rise, a poor sign for new buys. No A/H quote. Exit below 3.50 on fails after entering might be a middle ground course option. Exit under 3.21 surely.
Off record, another break out possibility is GERN which needs to conquer 1.50+ is also a possible watcher. Stops just under 1.35 are advisable.
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Now on my official list for over extension fading. Despite breaking though resistance at 0.16 We might get a crack opportunity on this. Especially on a gap up near or over 0.20ish If under and trying for that and fails hard early on it could be shorted. Or on confirmed weakness cues or spike downs at or near the gun or on a late day crack. The best scenario I think is a gap up and crap, preferable over 0.20 and back under to short. Volume still strong and increasing on the buy side though. 6 green days running, mostly big candles.
SRCI
New Supernovae scan return. A 1 day move up which closed below the highs and above the open. Volume modest most days, now huge. Eventually this can be shorted since it's up so absurdly. I suspect like many such plays it can go further than anyone expects, though. Conditional entry. On a higher open, it might yield a rapid green to red on Tuesday and spike down for a short scalp. This might even be a gap and crap. A fade on confirmed weakness cues or heavy dumping on volume from or near the bell. Ideal is a flat or barely green or red open, followed by a big move down on volume to short into. Avoid big gaps, especially downward ones. Do not short into initial strength or greening. Box and drop to wait for the distribution print, if desired and avoid top fish timing fades. Keep flat on positive price action, avoid scalping long. OTC cheapie, beware.
RAM
Supernovae, still maturing and stubborn. Fake out prone, so be careful. If it reverses on you get out, it has squeezed a number of folks on this run. See my previous comments, mostly still applicable. Volume on the buy side steadily decreasing mostly, a good sign of impending reversal. Borrows will be challenging.
PRXI
Again, see my previous analysis, mostly in effect for next time. Over extending near Supernovae territory stock that had been equal or above the close for 10 sessions running. Volume on the buy side is diminishing steadily, a good sign for a distribution print soon. No A/H quote. Avoid longs and big gap downs.
SEIC
I like this long on continuation above 17.53 and holds. Some resistance to defeat @ 17.50ish. No A/H quote. No shorts. Avoid big gaps. Also long on spiking up at or near the gun as a scalp or trading over the opening price level after 5 minutes in, preferably over the trigger, etc. Modest volume on the rise Friday is a fair sign for new buys. Ideally stays over 17 on pull backs to remain viable a long. Pull back entry near 17.17+/holds.
REE
Bullish Engulfing. I like this long over the high of Friday. 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. Stops just under the low last time or the initial 30 minute one on Tuesday. More conservatively a stop placed under Friday's close, too. The low on that day is not too far away to use for risk management via stops. Ideally stays above 3.14 on pull backs to remain viable as a long if it triggers. No big gaps or shorts. No A/H quote.
RENN
B/O scan. I like it long back over 3.61 and holds. Ideal to stay over that on tests aside from early noise if it triggers. Stops also possible just under the close on Friday or the 1st 30 minute low of Tuesday. Avoid all shorts and all big gaps. The low on Friday is arguably too far away to use for risk managing stops. Also a long on spiking up at or near the gun as a scalp. Large volume on the rise, a poor sign for new buys. No A/H quote. Exit below 3.50 on fails after entering might be a middle ground course option. Exit under 3.21 surely.
Off record, another break out possibility is GERN which needs to conquer 1.50+ is also a possible watcher. Stops just under 1.35 are advisable.
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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