Monday, March 13, 2017

Watchers for the 3-14-17 trading session

PRZM

This fell over 11% today but is still up a lot. Watch once more for gravy fades. Recent reddened Supernovae with low volume.


AUPH

Supernovae, still maturing. See my previous comments. Possible short.



OCRX

Doji printed and still up tons. Watch once more. Rose 5% today. Recent reddened Supernovae.



TGTX

This rose again today and is still up a lot. Wait for another possible fade on weakness. Recent reddened Supernovae.



INNL

New Supernovae scan return. A 4 day move up which closed below 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.



VSTM

In play both ways. As a long on continuation of momentum above 1.58/holds. Or as a scalp up at or near the gun for a scalp buy. Or, as a short on a fall fail of 1.50/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 1.54. The fade is more likely given the price action on Monday, but keep an open mind.



SFUN

B/O scan. I like it long back over 3.26 and holds. Ideal to stay over that on tests aside from early noise if it triggers. Stops also possible just under the close on Monday or the 1st 30 minute low of Tuesday. Avoid all shorts and all big gaps. The low on Monday 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 fair sign for new buys. Exiting below 3.20 on fails after trigger entry is possibly advisable. Early r/g buy?



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