GTATQ
Another initial red session Supernovae. It rose over 20% today and is still up enough for another look. See my previous comments for details.
CANF
Watch again since this recent initial red session Supernovae is still up so much it might have another down day left in it. Rose again this session almost 30%.
NTN
Still deciding its direction after the doji print today. Up so much another look is plausible. See my previous comments for details.
FNFG
New 52's. Short term, these yearly high stocks often go higher. Consistently strong price action, like trading above the opening price level after the first 5 minutes, is a long. Or, if it gaps down a bit to debut or opens flat and falls briefly, a red to green and hold with strong volume. Also long on spiking up at or near the gun as a scalp. This might be an EOD exit, depending on how it holds up. Also long on a break above to new yearly highs (over 10.45) and holds. Avoid shorts, keep flat on true weakness. Nice move above 10. Needs to keep above the Wednesday close, or at least above 10 on pull backs to remain viable as a long, aside from any early noise. Early sustained prices over 10.26 are ideal for aggressive entry.
PDLI
B/O scan. I like it long back over 5.50 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 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 tepid sign for new buys. Exiting below 5.30 on fails after trigger entry is possibly advisable. Early r/g buy?
GERN
Bullish Engulfing. I like this long over 3.36/holds. Low volume on the rise, which is a good 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 not too far away to use for stops. Ideally stays above 3.24 on pull backs to remain viable as a long if it triggers. No big gaps or shorts.
RPAI
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 14.10/holds. Avoid all big gaps, especially down ones. If it gaps over the trigger or 14.10 let it test/hold/perk 1st before entering. No shorts, keep flat on redness. Low buy volume, which may mean overt buy interest is just arriving, suggesting reversal upwards is unclear still.
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Another initial red session Supernovae. It rose over 20% today and is still up enough for another look. See my previous comments for details.
CANF
Watch again since this recent initial red session Supernovae is still up so much it might have another down day left in it. Rose again this session almost 30%.
NTN
Still deciding its direction after the doji print today. Up so much another look is plausible. See my previous comments for details.
FNFG
New 52's. Short term, these yearly high stocks often go higher. Consistently strong price action, like trading above the opening price level after the first 5 minutes, is a long. Or, if it gaps down a bit to debut or opens flat and falls briefly, a red to green and hold with strong volume. Also long on spiking up at or near the gun as a scalp. This might be an EOD exit, depending on how it holds up. Also long on a break above to new yearly highs (over 10.45) and holds. Avoid shorts, keep flat on true weakness. Nice move above 10. Needs to keep above the Wednesday close, or at least above 10 on pull backs to remain viable as a long, aside from any early noise. Early sustained prices over 10.26 are ideal for aggressive entry.
PDLI
B/O scan. I like it long back over 5.50 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 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 tepid sign for new buys. Exiting below 5.30 on fails after trigger entry is possibly advisable. Early r/g buy?
GERN
Bullish Engulfing. I like this long over 3.36/holds. Low volume on the rise, which is a good 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 not too far away to use for stops. Ideally stays above 3.24 on pull backs to remain viable as a long if it triggers. No big gaps or shorts.
RPAI
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 14.10/holds. Avoid all big gaps, especially down ones. If it gaps over the trigger or 14.10 let it test/hold/perk 1st before entering. No shorts, keep flat on redness. Low buy volume, which may mean overt buy interest is just arriving, suggesting reversal upwards is unclear still.
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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