Monday, November 28, 2016

Watchers for the 11-29-16 trading session

IDXG

Supernovae, still maturing. See my comments from last time for details. Potential fade.


BCDA

Another rapidly maturing Supernovae. See my comments from last time for details. Potential short.


PRZM

New Supernovae scan return. A 3 day move up which closed under the highs and above the open. Volume big 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.



PZRX

Another new Supernovae. See my comments for the above stock for details. Possible short.


HTBX

Another new Supernovae. See my comments for the above stock for details. Possible short.



NVFY

In play both ways. As a long on continuation of momentum above 2.98/holds. Or as a scalp up at or near the gun for a scalp buy. Or, as a short on a fall fail of 2.75/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 2.82. The fade is more likely given the price action on Tuesday, but keep an open mind.



NMM

Bullish Engulfing. I like this long over 1.80/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 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 1.70 on pull backs to remain viable as a long if it triggers. No big gaps or shorts.



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