IMRS
Pushing my luck for a fade but it's about where it was on the initial red session. A recent Supernovae with a bit more red left on weakness. Up a lot still.
KIRI
Same here. Fell quite a bit a day ago and rose today, but might have a bit more under 0.27 or so with luck. Up quite a bit this recent Supernovae.
RPAI
Red floater scan return. Idea is to play for more down side on day 2. Closed red under 0.50% on Thursday off a gap up open that ended below the debut. Stop just above the Thursday session high (17.69) to cap losses on head fake fade entries. I'm only into the shorting possibility if it surfaces, keeping flat on strength. Also a short on heavy volume dumps/confirmed weakness cues. Moderate sell volume on Thursday means it may have unclear chances to work. A 17.50 fail may be ideal. Avoid big gaps/longs. Panic dump?
ATEN
B/O scan. I like it long back over 5.23 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. Modest volume on the rise, a fair sign for new buys. Exiting below 5 on fails after trigger entry is possibly advisable. Early r/g buy?
AVID
Bullish Engulfing. I like this long over 14.51/holds. Moderate volume on the rise, which is a tepid 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 Friday. More conservatively a stop placed under Thursday's close, too. The low on that day is likely too far away to use for stops. Ideally stays above 14.25 on pull backs to remain viable as a long if it triggers. No big gaps or shorts.
GNVC
In play both ways. As a long on continuation of momentum above 3.60/holds. Or as a scalp up at or near the gun for a scalp buy. Or, as a short on a fall fail of 3.50/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 3.50. The fade is more likely given the price action on Thursday, but keep an open mind.
ESNT
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 open alternatively instead. Trigger is above the high of last time, here above 23.63/holds. Avoid all big gaps, especially up ones. If it gaps over the trigger or 23.61 let it test/hold/perk 1st before entering. No shorts, keep flat on redness. Low buy volume, which could mean overt buy interest is just approaching, suggesting reversal upwards is soon on tap.
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Pushing my luck for a fade but it's about where it was on the initial red session. A recent Supernovae with a bit more red left on weakness. Up a lot still.
KIRI
Same here. Fell quite a bit a day ago and rose today, but might have a bit more under 0.27 or so with luck. Up quite a bit this recent Supernovae.
RPAI
Red floater scan return. Idea is to play for more down side on day 2. Closed red under 0.50% on Thursday off a gap up open that ended below the debut. Stop just above the Thursday session high (17.69) to cap losses on head fake fade entries. I'm only into the shorting possibility if it surfaces, keeping flat on strength. Also a short on heavy volume dumps/confirmed weakness cues. Moderate sell volume on Thursday means it may have unclear chances to work. A 17.50 fail may be ideal. Avoid big gaps/longs. Panic dump?
ATEN
B/O scan. I like it long back over 5.23 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. Modest volume on the rise, a fair sign for new buys. Exiting below 5 on fails after trigger entry is possibly advisable. Early r/g buy?
AVID
Bullish Engulfing. I like this long over 14.51/holds. Moderate volume on the rise, which is a tepid 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 Friday. More conservatively a stop placed under Thursday's close, too. The low on that day is likely too far away to use for stops. Ideally stays above 14.25 on pull backs to remain viable as a long if it triggers. No big gaps or shorts.
GNVC
In play both ways. As a long on continuation of momentum above 3.60/holds. Or as a scalp up at or near the gun for a scalp buy. Or, as a short on a fall fail of 3.50/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 3.50. The fade is more likely given the price action on Thursday, but keep an open mind.
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 open alternatively instead. Trigger is above the high of last time, here above 23.63/holds. Avoid all big gaps, especially up ones. If it gaps over the trigger or 23.61 let it test/hold/perk 1st before entering. No shorts, keep flat on redness. Low buy volume, which could mean overt buy interest is just approaching, suggesting reversal upwards is soon on tap.
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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