CBLI
Watch again despite the drop, still up lots from the recent Supernovae, possible fade play.
CAMP
Red floater scan return. Idea is to play for more down side on day 2. Closed down a hair on Thursday off a gap up open that ended below the debut. Stop just above the Thursday session high (18.35) to cap losses on head fake fade entries. I'm only into the shorting possibility if it surfaces, keeping flat on strength. Also a short on heavy volume dumps/confirmed weakness cues. Modest volume on Thursday means it may have a few chances to work. An 18 fail may be ideal. Avoid big gaps/longs. Panic dump?
HMNY
In play both ways. As a long on continuation of momentum above 3.37/holds. Or as a scalp up at or near the gun for a scalp buy. Or, as a short on a fall fail of 3/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 3.25. The fade is more likely given the price action on Thursday, but keep an open mind.
ASNA
B/O scan. I like it long back over 4.10 and holds. Ideal to stay over that on tests aside from early noise if it triggers. Stops also possible just under the close on Thursday or the 1st 30 minute low of Friday. Avoid all shorts and all big gaps. The low on Thursday is too far away to use for risk managing stops. Also a long on spiking up at or near the gun as a scalp. Low volume on the rise, a good sign for new buys. Exiting below 4 on fails after trigger entry is possibly advisable. Early r/g buy?
KMM
Bullish Engulfing. I like this long over 8.80/holds. Large volume on the rise, which is a substandard 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 Friday. More conservatively a stop placed under Thursday's close, too. The low on that day is arguably not too far away to use for stops. Ideally stays above 8.71 on pull backs to remain viable as a long if it triggers. No big gaps or shorts.
HIMX
Hammer scan long. The tail is not too long to use the low as a stop level unless the position is very large. Use the previous session open alternatively instead. Trigger is above the high of last time, here above 7.70/holds. Avoid all big gaps, especially down ones. If it gaps over the trigger or 7.67 let it test/hold/perk 1st before entering. No shorts, keep flat on redness. Low buy volume, which may mean overt buy interest is still arriving, suggesting reversal upwards is not yet on tap.
SXCP
Parabolic Sar scan. I like it long over 2.05 and holds. Moderate volume on the rise Monday, a tepid sign for new longs. Place a stop under the close Monday or the 1st 30 minute low Tuesday. Keep flat on all big gaps and avoid shorts. Long too on spiking up at or near the gun as a scalp. If it gaps over the trigger a bit, wait for a test/hold/perk to enter.
New users: Read my trading guide for my play set-ups!
Review my blog at Investimonials:
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Watch my instructional trading videos on YouTube:
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The blog has a terms of service. Be sure to read it at:
http://traderbigt.blogspot.com/2010/02/please-read-my-terms-of-service-i.html
Watch again despite the drop, still up lots from the recent Supernovae, possible fade play.
CAMP
Red floater scan return. Idea is to play for more down side on day 2. Closed down a hair on Thursday off a gap up open that ended below the debut. Stop just above the Thursday session high (18.35) to cap losses on head fake fade entries. I'm only into the shorting possibility if it surfaces, keeping flat on strength. Also a short on heavy volume dumps/confirmed weakness cues. Modest volume on Thursday means it may have a few chances to work. An 18 fail may be ideal. Avoid big gaps/longs. Panic dump?
HMNY
In play both ways. As a long on continuation of momentum above 3.37/holds. Or as a scalp up at or near the gun for a scalp buy. Or, as a short on a fall fail of 3/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 3.25. The fade is more likely given the price action on Thursday, but keep an open mind.
ASNA
B/O scan. I like it long back over 4.10 and holds. Ideal to stay over that on tests aside from early noise if it triggers. Stops also possible just under the close on Thursday or the 1st 30 minute low of Friday. Avoid all shorts and all big gaps. The low on Thursday is too far away to use for risk managing stops. Also a long on spiking up at or near the gun as a scalp. Low volume on the rise, a good sign for new buys. Exiting below 4 on fails after trigger entry is possibly advisable. Early r/g buy?
KMM
Bullish Engulfing. I like this long over 8.80/holds. Large volume on the rise, which is a substandard 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 Friday. More conservatively a stop placed under Thursday's close, too. The low on that day is arguably not too far away to use for stops. Ideally stays above 8.71 on pull backs to remain viable as a long if it triggers. No big gaps or shorts.
HIMX
Hammer scan long. The tail is not too long to use the low as a stop level unless the position is very large. Use the previous session open alternatively instead. Trigger is above the high of last time, here above 7.70/holds. Avoid all big gaps, especially down ones. If it gaps over the trigger or 7.67 let it test/hold/perk 1st before entering. No shorts, keep flat on redness. Low buy volume, which may mean overt buy interest is still arriving, suggesting reversal upwards is not yet on tap.
SXCP
Parabolic Sar scan. I like it long over 2.05 and holds. Moderate volume on the rise Monday, a tepid sign for new longs. Place a stop under the close Monday or the 1st 30 minute low Tuesday. Keep flat on all big gaps and avoid shorts. Long too on spiking up at or near the gun as a scalp. If it gaps over the trigger a bit, wait for a test/hold/perk to enter.
New users: Read my trading guide for my play set-ups!
Review my blog at Investimonials:
Follow me now on Twitter:
Watch my instructional trading videos on YouTube:
Subscribe to Big T by e-mail:
Subscribe to Big T in a news reader:
The blog has a terms of service. Be sure to read it at:
http://traderbigt.blogspot.com/2010/02/please-read-my-terms-of-service-i.html
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