MIMV
Supernovae, still maturing. See my previous comments, mostly still applicable. Closed under the open on a gap up positively on big buy volume. A good sign for topping out. Stops just over the high today at most.
CLNE
Again, see my previous comments, little has changed. Still looking for a 13/holds breakdown to fade into. It flirted with it today, let's see what it can do on Thursday. No A/H quote change. Avoid all big gaps/longs.
LPHI
New Supernovae scan return. A 1 day move up which closed under the highs and above the open. Volume modest most days, now huge. Eventually this can be shorted since it is 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 Thursday and spike down for a short scalp. This might even be a gap and crap. A fade on confirmed weakness cues anytime 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. A 4 fail of some kind may prove pivotal, or a 3.50 breech. Up A/H over 3.5%. Modest float, watch out for squeezing.
NEXS
Another new Supernovae, see my comments for the other new one, roughly applicable. Differences here are this one had a multi-day move up in more measured tones. A 1 fail or 0.85 breech? Down A/H almost 4%.
ABFS
B/O scan. I like it long back over 8.15 and holds. Ideal to stay over that on tests aside from early noise if it triggers. Stops also possible just under the close on Wednesday or the 1st 30 minute low of Thursday. Avoid all shorts and all big gaps. The low on Wednesday is not too far away to use for risk managing stops. Also a long on spiking up at or near the gun as a scalp. Moderate volume on the rise, a neutral sign for new buys. Down A/H almost 3%. Exiting below 8 on fails after trigger entrance advisable. Early r/g buy?
MVG
Bullish Engulfing. I like this long over the high (11.85) of Wednesday. Moderate 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 Thursday. More conservatively a stop placed under Wednesday's close, too. The low on that day is too far away to use for stops. Ideally stays above 11.50 on pull backs to remain viable as a long if it triggers. No big gaps/shorts. No A/H quote.
NOR
Hammer scan long. The tail is not too long to use the low as a stop level unless the position is very large. Use the previous session close alternatively instead. Trigger is above the high of last time, here above 7/holds. Avoid all big gap, especially up ones. 7+ is the ticket. Down A/H a tad. If it gaps over the trigger or 6.97 let it test/hold/perk 1st before entering. No shorts, keep flat on redness.
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Supernovae, still maturing. See my previous comments, mostly still applicable. Closed under the open on a gap up positively on big buy volume. A good sign for topping out. Stops just over the high today at most.
CLNE
Again, see my previous comments, little has changed. Still looking for a 13/holds breakdown to fade into. It flirted with it today, let's see what it can do on Thursday. No A/H quote change. Avoid all big gaps/longs.
LPHI
New Supernovae scan return. A 1 day move up which closed under the highs and above the open. Volume modest most days, now huge. Eventually this can be shorted since it is 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 Thursday and spike down for a short scalp. This might even be a gap and crap. A fade on confirmed weakness cues anytime 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. A 4 fail of some kind may prove pivotal, or a 3.50 breech. Up A/H over 3.5%. Modest float, watch out for squeezing.
NEXS
Another new Supernovae, see my comments for the other new one, roughly applicable. Differences here are this one had a multi-day move up in more measured tones. A 1 fail or 0.85 breech? Down A/H almost 4%.
ABFS
B/O scan. I like it long back over 8.15 and holds. Ideal to stay over that on tests aside from early noise if it triggers. Stops also possible just under the close on Wednesday or the 1st 30 minute low of Thursday. Avoid all shorts and all big gaps. The low on Wednesday is not too far away to use for risk managing stops. Also a long on spiking up at or near the gun as a scalp. Moderate volume on the rise, a neutral sign for new buys. Down A/H almost 3%. Exiting below 8 on fails after trigger entrance advisable. Early r/g buy?
MVG
Bullish Engulfing. I like this long over the high (11.85) of Wednesday. Moderate 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 Thursday. More conservatively a stop placed under Wednesday's close, too. The low on that day is too far away to use for stops. Ideally stays above 11.50 on pull backs to remain viable as a long if it triggers. No big gaps/shorts. No A/H quote.
NOR
Hammer scan long. The tail is not too long to use the low as a stop level unless the position is very large. Use the previous session close alternatively instead. Trigger is above the high of last time, here above 7/holds. Avoid all big gap, especially up ones. 7+ is the ticket. Down A/H a tad. If it gaps over the trigger or 6.97 let it test/hold/perk 1st before entering. No shorts, keep flat on redness.
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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