DGLY
This is near highs again, but may have more gravy downside yet. A recent initial red session Supernovae, set a stop not higher than 16.24. Fade on weakness.
JRJC
As above, this may have more downside. Rose over 2.5% today on low volume, another previous red session Supernovae. Short on weakness.
HGSH
As above, this may have more downside. Rose over 5% today on low volume, another previous red session Supernovae. Short on weakness.
VII
As above, this may have more downside. Rose at least about 4% or more today on low volume, another previous red session Supernovae. Short on weakness.
RSH
New Supernovae scan return. A 5 day move up which closed below the highs and above the open. Volume peak Thursday. 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 Friday 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, no scalps.
ECYT
B/O scan. I like it long back over 7.15 and holds. Ideal to stay over that on tests aside from early noise if it triggers. Stops also possible just under the close on Thursday or the 1st 30 minute low of Friday. Avoid all shorts and all big gaps. The low on Thursday is 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. Exiting below 6.75 on fails after trigger entry is possibly advisable. Early r/g buy?
OTIV
In play both ways. As a long on continuation of momentum above 2.98/holds. Or as a scalp up at or near the gun for a scalp buy. Or, as a short on a fall fail of 2.75 and holds. Or as a scalp sell on a pop down at or near the bell. Avoid all big gaps. Be careful maintaining a short on a reversal back over 2.75. The fade is more likely given the price action on Thursday, but keep an open mind.
New users: Read my trading guide for my play set-ups!
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This is near highs again, but may have more gravy downside yet. A recent initial red session Supernovae, set a stop not higher than 16.24. Fade on weakness.
JRJC
As above, this may have more downside. Rose over 2.5% today on low volume, another previous red session Supernovae. Short on weakness.
HGSH
As above, this may have more downside. Rose over 5% today on low volume, another previous red session Supernovae. Short on weakness.
VII
As above, this may have more downside. Rose at least about 4% or more today on low volume, another previous red session Supernovae. Short on weakness.
RSH
New Supernovae scan return. A 5 day move up which closed below the highs and above the open. Volume peak Thursday. 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 Friday 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, no scalps.
ECYT
B/O scan. I like it long back over 7.15 and holds. Ideal to stay over that on tests aside from early noise if it triggers. Stops also possible just under the close on Thursday or the 1st 30 minute low of Friday. Avoid all shorts and all big gaps. The low on Thursday is 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. Exiting below 6.75 on fails after trigger entry is possibly advisable. Early r/g buy?
OTIV
In play both ways. As a long on continuation of momentum above 2.98/holds. Or as a scalp up at or near the gun for a scalp buy. Or, as a short on a fall fail of 2.75 and holds. Or as a scalp sell on a pop down at or near the bell. Avoid all big gaps. Be careful maintaining a short on a reversal back over 2.75. The fade is more likely given the price action on Thursday, but keep an open mind.
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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