Sunday, October 16, 2016

Watchers for the 10-17-16 trading session

AMMJ

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



HADV

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



VNRBP

Supernovae, still maturing. Possible fade on weakness. See my previous comments. Volume rose a bit Friday but it still may work out as soon as Monday.



ENIC

B/O scan. I like it long back over 5.10 and holds. Ideal to stay over that on tests aside from early noise if it triggers. Stops also possible just under the close on Friday or the 1st 30 minute low of Monday. Avoid all shorts and all big gaps. The low on Friday is not too far away to use for risk managing stops. Also a long on spiking up at or near the gun as a scalp. Small volume on the rise, a good sign for new buys. Exiting below 4.98 on fails after trigger entry is possibly advisable. Early r/g buy?



GLBL

Bullish Engulfing. I like this long over 3.81/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 Monday. More conservatively a stop placed under Friday's close, too. The low on that day is not too far away to use for stops. Ideally stays above 3.67 on pull backs to remain viable as a long if it triggers. No big gaps or shorts.



CTRV

In play both ways. As a long on continuation of momentum above 2.04/holds. Or as a scalp up at or near the gun for a scalp buy. Or, as a short on a fall fail of 1.75/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 1.96. The fade is more likely given the price action on Friday, but keep an open mind.



LGF

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 18.93/holds. Avoid all big gaps, especially down ones. If it gaps over the trigger or 18.88 let it test/hold/perk 1st before entering. No shorts, keep flat on redness. Low buy volume, which may mean overt buy interest is still developing, suggesting reversal upwards is unclear.



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