ACIIQ
Supernovae, still maturing. See my previous comments. Still a fade on a reversal.
ENOC
New Supernovae scan return. A 5 day staggered move up which closed under the highs and above the open. Volume at highs Monday. 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 Tuesday 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.
KGJI
In play both ways. As a long on continuation of momentum above 1.04/holds. Or as a scalp up at or near the gun for a scalp buy. Or, as a short on a fall fail of 1/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 1.03 The fade is more likely given the price action on Monday, but keep an open mind.
NIHD
B/O scan. I like it long back over 3.82 and holds. Ideal to stay over that on tests aside from early noise if it triggers. Stops also possible just under the close on Monday or the 1st 30 minute low of Tuesday. Avoid all shorts and all big gaps. The low on Monday is too far away to use for risk managing stops. Also a long on spiking up at or near the gun as a scalp. Low volume on the rise, a good sign for new buys. Exiting below 3.60 on fails after trigger entry is possibly advisable. Early r/g buy?
RMAX
Bullish Engulfing. I like this long over 33.04/holds. Low volume on the rise, which is a fair 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 Monday's close, too. The low on that day is too far away to use for stops. Ideally stays above 32.50 on pull backs to remain viable as a long if it triggers. No big gaps or shorts.
NTRI
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 19.31/holds. Avoid all big gaps, especially down ones. If it gaps over the trigger or 19 let it test/hold/perk 1st before entering. No shorts, keep flat on redness. Low sell volume, which may mean overt buy interest is still developing, suggesting reversal upwards is later on down the road.
OHRP
I like this long on a break out over 4.03/holds. Or on a spike up at or near the gun as a scalp buy. Keep flat on after the noise candle bearish price action or on morning panic dumps. Watch for a early pseudo weakness with a a red to green move to purchase into. Avoid all big gaps and shorts. Possible short squeeze over the trigger. Low volume gap down debut sizable rise on Monday. Requires constant monitoring. Stops just under 3.75 is one risk managing approach, since a fail back under indicates failure on the buy.
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Supernovae, still maturing. See my previous comments. Still a fade on a reversal.
ENOC
New Supernovae scan return. A 5 day staggered move up which closed under the highs and above the open. Volume at highs Monday. 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 Tuesday 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.
KGJI
In play both ways. As a long on continuation of momentum above 1.04/holds. Or as a scalp up at or near the gun for a scalp buy. Or, as a short on a fall fail of 1/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 1.03 The fade is more likely given the price action on Monday, but keep an open mind.
NIHD
B/O scan. I like it long back over 3.82 and holds. Ideal to stay over that on tests aside from early noise if it triggers. Stops also possible just under the close on Monday or the 1st 30 minute low of Tuesday. Avoid all shorts and all big gaps. The low on Monday is too far away to use for risk managing stops. Also a long on spiking up at or near the gun as a scalp. Low volume on the rise, a good sign for new buys. Exiting below 3.60 on fails after trigger entry is possibly advisable. Early r/g buy?
RMAX
Bullish Engulfing. I like this long over 33.04/holds. Low volume on the rise, which is a fair 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 Monday's close, too. The low on that day is too far away to use for stops. Ideally stays above 32.50 on pull backs to remain viable as a long if it triggers. No big gaps or shorts.
NTRI
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 19.31/holds. Avoid all big gaps, especially down ones. If it gaps over the trigger or 19 let it test/hold/perk 1st before entering. No shorts, keep flat on redness. Low sell volume, which may mean overt buy interest is still developing, suggesting reversal upwards is later on down the road.
OHRP
I like this long on a break out over 4.03/holds. Or on a spike up at or near the gun as a scalp buy. Keep flat on after the noise candle bearish price action or on morning panic dumps. Watch for a early pseudo weakness with a a red to green move to purchase into. Avoid all big gaps and shorts. Possible short squeeze over the trigger. Low volume gap down debut sizable rise on Monday. Requires constant monitoring. Stops just under 3.75 is one risk managing approach, since a fail back under indicates failure on the buy.
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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