RPRX
First red day Supernovae. Finished red almost 15% last time, so more down side might not be in the cards. If it had fallen much less than 10% then more could be expected as plausible. Always watch day 2 of a busted one. The plan is to play for more reddening on day 2. Conditional entry. A flat, nominally green or red open that immediately sells off on heavy volume or sports traditional confirmed weakness cues is a fade entry. Keep flat on high volume greening or strength, especially early. This is very likely given the large red result of Friday. Avoid entries as a short on big gaps up or down, but down is probably worse. Keep flat on consistently strong price action, like trading above the opening price level after the noise candle. Avoid spike up long scalps, too. Selling volume was low, range modest. Mixed bag short signals given the drop level, but watch it.
NAVB
In play both ways. As a long on continuation of momentum above 1.38/holds. Or as a scalp up at or near the gun for a scalp buy. Or, as a short on a fall fail of 1.25/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 1.32. The fade is more likely given the price action on Friday, but keep an open mind.
GSS
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 0.74) and holds. Avoid shorts, keep flat on true weakness. Nice move above 0.65. Needs to keep above the Friday close, or at least above 0.65 on pull backs to remain viable as a long, aside from any early noise. Early sustained prices over 0.69 are ideal for aggressive entry.
OCLR
Bullish Engulfing. I like this long over 5.27/holds. Modest 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 5.10 on pull backs to remain viable as a long if it triggers. No big gaps or shorts.
AG
I like this long on a break out over 8.25/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. Modest volume gap up debut sizable rise on Friday. Requires constant monitoring. Stops just under 8 is one risk managing approach, since a fail back under indicates failure on the buy.
ONVO
Red floater candle scan return. Idea is to play for more down side on day 2. Closed down a bit over 6% on Friday off a gap up open that ended below the debut. Stop just above the Friday session high (2.88) 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. Modest sell volume on Friday means it may have some chances to work. A 2.70 fail may be ideal. Avoid big gaps/longs. Panic dump?
FOXF
Parabolic Sar scan. I like it long over 16.55 and holds. Modest volume on the rise Friday, a fair sign for new longs. Place a stop under the close Friday or the 1st 30 minute low Monday. Keep flat on all big gaps and avoid shorts. Long too on spiking up at or near the gun as a scalp. If it gaps over the trigger a bit, wait for a test/hold/perk to enter.
New users: Read my trading guide for my play set-ups!
Review my blog at Investimonials:
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First red day Supernovae. Finished red almost 15% last time, so more down side might not be in the cards. If it had fallen much less than 10% then more could be expected as plausible. Always watch day 2 of a busted one. The plan is to play for more reddening on day 2. Conditional entry. A flat, nominally green or red open that immediately sells off on heavy volume or sports traditional confirmed weakness cues is a fade entry. Keep flat on high volume greening or strength, especially early. This is very likely given the large red result of Friday. Avoid entries as a short on big gaps up or down, but down is probably worse. Keep flat on consistently strong price action, like trading above the opening price level after the noise candle. Avoid spike up long scalps, too. Selling volume was low, range modest. Mixed bag short signals given the drop level, but watch it.
NAVB
In play both ways. As a long on continuation of momentum above 1.38/holds. Or as a scalp up at or near the gun for a scalp buy. Or, as a short on a fall fail of 1.25/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 1.32. The fade is more likely given the price action on Friday, but keep an open mind.
GSS
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 0.74) and holds. Avoid shorts, keep flat on true weakness. Nice move above 0.65. Needs to keep above the Friday close, or at least above 0.65 on pull backs to remain viable as a long, aside from any early noise. Early sustained prices over 0.69 are ideal for aggressive entry.
OCLR
Bullish Engulfing. I like this long over 5.27/holds. Modest 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 5.10 on pull backs to remain viable as a long if it triggers. No big gaps or shorts.
AG
I like this long on a break out over 8.25/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. Modest volume gap up debut sizable rise on Friday. Requires constant monitoring. Stops just under 8 is one risk managing approach, since a fail back under indicates failure on the buy.
ONVO
Red floater candle scan return. Idea is to play for more down side on day 2. Closed down a bit over 6% on Friday off a gap up open that ended below the debut. Stop just above the Friday session high (2.88) 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. Modest sell volume on Friday means it may have some chances to work. A 2.70 fail may be ideal. Avoid big gaps/longs. Panic dump?
FOXF
Parabolic Sar scan. I like it long over 16.55 and holds. Modest volume on the rise Friday, a fair sign for new longs. Place a stop under the close Friday or the 1st 30 minute low Monday. Keep flat on all big gaps and avoid shorts. Long too on spiking up at or near the gun as a scalp. If it gaps over the trigger a bit, wait for a test/hold/perk to enter.
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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