Supernovae, still maturing. See my previous comments, still in play. Up almost 9% Friday.
Watch again for downside. Finished unchanged Friday.
This also just reddened, and fell a bit over 0.50% as a blown Supernovae. Possible fade gravy.
Still up a ton. Watch once more for fade gravy on this recent initial red session Supernovae.
New Supernovae scan return. A 5 day move up which closed under the highs and above the open. Volume at highs Friday. 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 Monday 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.
Bullish Engulfing. I like this long over 5.43/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 Monday. More conservatively a stop placed under Friday's close, too. The low on that day is too far away to use for stops. Ideally stays above 5.25 on pull backs to remain viable as a long if it triggers. No big gaps or shorts.
In play both ways. As a long on continuation of momentum above 2.39/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/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 2.16. The fade is more likely given the price action on Friday, but keep an open mind.
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