Tuesday, December 13, 2016

Watchers for the 12-14-16 trading session

KAYS

Watch again, up a lot today. Possible fade of rapidly maturing Supernovae.


NVCN

In effect a first red day Supernovae. Up still a lot for a possible gravy fade on weakness.


AKAO

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


SSH

This made my Supernovae scan again, having returning to the close of the original up session. Possible fade on weakness, treat as for a typical new scan of the above type.


GLF

In play both ways. As a long on continuation of momentum above 2.40/holds. Or as a scalp up at or near the gun for a scalp buy. Or, as a short on a fall fail of 2.10/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 2.30. The fade is more likely given the price action on Tuesday, but keep an open mind.



CIG

B/O scan. I like it long back over 2.24 and holds. Ideal to stay over that on tests aside from early noise if it triggers. Stops also possible just under the close on Tuesday or the 1st 30 minute low of Wednesday. Avoid all shorts and all big gaps. The low on Tuesday is too far away to use for risk managing stops. Also a long on spiking up at or near the gun as a scalp. Modest volume on the rise, a poor sign for new buys. Exiting below 2.20 on fails after trigger entry is possibly advisable. Early r/g buy?



SQ

Bullish Engulfing. I like this long over 14.11/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 Wednesday. More conservatively a stop placed under Tuesday's close, too. The low on that day is arguably too far away to use for stops. Ideally stays above 13.90 on pull backs to remain viable as a long if it triggers. No big gaps or shorts.



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