Wednesday, October 12, 2016

Watchers for the 10-13-16 trading session


Watch again and see my previous comments. Still up a lot possible fade on weakness. Rose again Wednesday, surpassing recent highs.


Also again overtaking recent highs and a possible fade on weakness.


Once more, still up a lot though it fell today. Possible gravy short.


Supernovae, still maturing. Possible fade on weakness. See my previous comments.


In play both ways. As a long on continuation of momentum above 3.95/holds. Or as a scalp up at or near the gun for a scalp buy. Or, as a short on a fall fail of 3.65/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 3.80. The fade is more likely given the price action on Wednesday, 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 10.30/holds. Avoid all big gaps, especially down ones. If it gaps over the trigger or 10.28 let it test/hold/perk 1st before entering. No shorts, keep flat on redness. Moderate buy volume, which may mean overt buy interest is ongoing, suggesting reversal upwards is arriving.


B/O scan. I like it long back over 2.40 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. Low volume on the rise, a fair sign for new buys. Exiting below 2.35 on fails after trigger entry is possibly advisable. Early r/g buy?

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