Tuesday, January 17, 2017

Watchers for the 1-18-17 trading session

BCEI

Watch again and see my previous comments. Rose 50%+ Tuesday. Still up a lot. Recent Supernovae. News, but some possible sells via profit taking.

NTCXF

Recent initial red session Supernovae, but watch again. It rose again, still up a lot.



REEMF

Supernovae, still maturing. Rose again. See previous comments on a possible fade Wednesday.



BIOC

Recent Supernovae, watch again. Back to prices on the first recent run up session. Looking for a fall a bit back under the peak or close of that candle on 1/10/17 as gravy.


PULM

New Supernovae scan return. A 5+ day move up which closed under the highs and above the open. Volume big/peak Tuesday. 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 Wednesday 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.



RJETQ

Another new Supernovae, see my comments for PULM above for general approach tips. 2 day run up.


RVP

In play both ways. As a long on continuation of momentum above 1.16/holds. Or as a scalp up at or near the gun for a scalp buy. Or, as a short on a fall fail of 1.10/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 1.14. The fade is more likely given the price action on Tuesday, but keep an open mind.


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