MTBC
See my previous comments. Watch again, ended up 5%. Possible fade on recent Supernovae.
OHGI
First red day Supernovae. Finished red over 2.5% last time, so more down side might be in the cards. If it had fallen much more than 10% then less 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 nominally likely given the modest red result of Wednesday. 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. Sell volume was small, range a bit larger. Fair to average short signals at worst, so watch it.
PRGE
Watch once more, see my previous comments on this recent initial red session Supernovae. Finished unchanged today.
CRCM
New 52's. Short term, these yearly high stocks often go higher. Consistently strong price action, like trading above the opening price level after the first 5 minutes, is a long. Or, if it gaps down a bit to debut or opens flat and falls briefly, a red to green and hold with strong volume. Also long on spiking up at or near the gun as a scalp. This might be an EOD exit, depending on how it holds up. Also long on a break above to new yearly highs (over 14.27) and holds. Avoid shorts, keep flat on true weakness. Nice move above 13. Needs to keep above the Wednesday close, or at least above 13 on pull backs to remain viable as a long, aside from any early noise. Early sustained prices over 14.14 are ideal for aggressive entry.
EXK
B/O scan. I like it long back over 3.25 and holds. Ideal to stay over that on tests aside from early noise if it triggers. Stops also possible just under the close on Wednesday or the 1st 30 minute low of Thursday. Avoid all shorts and all big gaps. The low on Wednesday is too far away to use for risk managing stops. Also a long on spiking up at or near the gun as a scalp. Sizable volume on the rise, a poor sign for new buys. Exiting below 3.10 on fails after trigger entry is possibly advisable. Early r/g buy?
MRVL
Bullish Engulfing. I like this long over 15.16/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 Thursday. More conservatively a stop placed under Wednesday's close, too. The low on that day is not too far away to use for stops. Ideally stays above 14.74 on pull backs to remain viable as a long if it triggers. No big gaps or shorts.
WMGI
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 29.90/holds. Avoid all big gaps, especially down ones. If it gaps over the trigger or 29.84 let it test/hold/perk 1st before entering. No shorts, keep flat on redness. Sizable buy volume, which may mean overt buy interest is arriving, suggesting reversal upwards may be on tap.
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See my previous comments. Watch again, ended up 5%. Possible fade on recent Supernovae.
OHGI
First red day Supernovae. Finished red over 2.5% last time, so more down side might be in the cards. If it had fallen much more than 10% then less 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 nominally likely given the modest red result of Wednesday. 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. Sell volume was small, range a bit larger. Fair to average short signals at worst, so watch it.
PRGE
Watch once more, see my previous comments on this recent initial red session Supernovae. Finished unchanged today.
CRCM
New 52's. Short term, these yearly high stocks often go higher. Consistently strong price action, like trading above the opening price level after the first 5 minutes, is a long. Or, if it gaps down a bit to debut or opens flat and falls briefly, a red to green and hold with strong volume. Also long on spiking up at or near the gun as a scalp. This might be an EOD exit, depending on how it holds up. Also long on a break above to new yearly highs (over 14.27) and holds. Avoid shorts, keep flat on true weakness. Nice move above 13. Needs to keep above the Wednesday close, or at least above 13 on pull backs to remain viable as a long, aside from any early noise. Early sustained prices over 14.14 are ideal for aggressive entry.
EXK
B/O scan. I like it long back over 3.25 and holds. Ideal to stay over that on tests aside from early noise if it triggers. Stops also possible just under the close on Wednesday or the 1st 30 minute low of Thursday. Avoid all shorts and all big gaps. The low on Wednesday is too far away to use for risk managing stops. Also a long on spiking up at or near the gun as a scalp. Sizable volume on the rise, a poor sign for new buys. Exiting below 3.10 on fails after trigger entry is possibly advisable. Early r/g buy?
MRVL
Bullish Engulfing. I like this long over 15.16/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 Thursday. More conservatively a stop placed under Wednesday's close, too. The low on that day is not too far away to use for stops. Ideally stays above 14.74 on pull backs to remain viable as a long if it triggers. No big gaps or shorts.
WMGI
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 29.90/holds. Avoid all big gaps, especially down ones. If it gaps over the trigger or 29.84 let it test/hold/perk 1st before entering. No shorts, keep flat on redness. Sizable buy volume, which may mean overt buy interest is arriving, suggesting reversal upwards may be on tap.
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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