Thursday, January 05, 2017

Watchers for the 1-6-17 trading session

BCDA

Once more watch this. Fell a bit but still up a lot. Recent popped Supernovae.


IDXG

See my previous comments. Went up a tad, still a possible short on this recent Supernovae.


TITXF

First red day Supernovae. Finished red over 10% last time, so more down side might not be in the cards. If it had fallen much less than 10% then more could be expected as plausible. Always watch day 2 of a busted one. The plan is to play for more reddening on day 2. Conditional entry. A flat, nominally green or red open that immediately sells off on heavy volume or sports traditional confirmed weakness cues is a fade entry. Keep flat on high volume greening or strength, especially early. This is pretty likely given the sizable red result of Thursday. Avoid entries as a short on big gaps up or down, but down is probably worse. Keep flat on consistently strong price action, like trading above the opening price level after the noise candle. Avoid spike up long scalps, too. Selling volume was modest, range wider. Unclear at best short signals but watch it.



QBIO

Another initial red session Supernovae. See my comments for the above stock for rough approach details. Fell over 24% so be careful here, easily could bounce or fake out and reverse early.


NTFU

Supernovae, still maturing. See my previous comments and those for OREX. Rose over 60% (after 119% the previous day) today so a drop is even more in the possible cards. Locate shares!


OREX

New Supernovae scan return. A 4 day move up which closed under the highs and above the open. Volume sizable Thursday. 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 Friday 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.



HEAR

In play both ways. As a long on continuation of momentum above 1.74/holds. Or as a scalp up at or near the gun for a scalp buy. Or, as a short on a fall fail of 1.60/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 1.71. The fade is more likely given the price action on Thursday, but keep an open mind.



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