DRYS
Supernovae, still maturing. See my previous comments for approaches. Up again today moderately.
IDXG
B/O scan. I like it long back over 1.13 and holds. Ideal to stay over that on tests aside from early noise if it triggers. Stops also possible just under the close on Tuesday or the 1st 30 minute low of Wednesday. Avoid all shorts and all big gaps. The low on Tuesday is too far away to use for risk managing stops. Also a long on spiking up at or near the gun as a scalp. Moderate volume on the rise, a mediocre sign for new buys. Exiting below 1 on fails after trigger entry is possibly advisable. Early r/g buy?
ABEO
Bullish Engulfing. I like this long over 8.45/holds. Moderate volume on the rise, which is a mediocre 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 Wednesday. More conservatively a stop placed under Tuesday's close, too. The low on that day is too far away to use for stops. Ideally stays above 8 on pull backs to remain viable as a long if it triggers. No big gaps or shorts.
IPCI
In play both ways. As a long on continuation of momentum above 1.14/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/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 1.09. The fade is more likely given the price action on Tuesday, but keep an open mind.
CALA
Parabolic Sar scan. I like it long over 14.65 and holds. Low volume on the rise Tuesday, a good sign for new longs. Place a stop under the close Tuesday or the 1st 30 minute low Wednesday. 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.
PUMP
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 close alternatively instead. Trigger is above the high of last time, here above 11.46/holds. Avoid all big gaps, especially down ones. If it gaps over the trigger or 11.29 let it test/hold/perk 1st before entering. No shorts, keep flat on redness. Low sell volume, which may mean overt buy interest is still arriving, suggesting reversal upwards may be delayed.
CYAN
I like this long over 5.10 with strong volume. It needs to hold over 4.80 on a test to remain/be viable as a long. Possible early red to green long entry if it opens weak. Also a long on spiking up at or near the bell for a long scalp. Keep flat on real weakness or a fall fail at 4.80 if tested. Avoid all big gaps, as usual.
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Supernovae, still maturing. See my previous comments for approaches. Up again today moderately.
IDXG
B/O scan. I like it long back over 1.13 and holds. Ideal to stay over that on tests aside from early noise if it triggers. Stops also possible just under the close on Tuesday or the 1st 30 minute low of Wednesday. Avoid all shorts and all big gaps. The low on Tuesday is too far away to use for risk managing stops. Also a long on spiking up at or near the gun as a scalp. Moderate volume on the rise, a mediocre sign for new buys. Exiting below 1 on fails after trigger entry is possibly advisable. Early r/g buy?
ABEO
Bullish Engulfing. I like this long over 8.45/holds. Moderate volume on the rise, which is a mediocre 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 Wednesday. More conservatively a stop placed under Tuesday's close, too. The low on that day is too far away to use for stops. Ideally stays above 8 on pull backs to remain viable as a long if it triggers. No big gaps or shorts.
IPCI
In play both ways. As a long on continuation of momentum above 1.14/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/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 1.09. The fade is more likely given the price action on Tuesday, but keep an open mind.
CALA
Parabolic Sar scan. I like it long over 14.65 and holds. Low volume on the rise Tuesday, a good sign for new longs. Place a stop under the close Tuesday or the 1st 30 minute low Wednesday. 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.
PUMP
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 close alternatively instead. Trigger is above the high of last time, here above 11.46/holds. Avoid all big gaps, especially down ones. If it gaps over the trigger or 11.29 let it test/hold/perk 1st before entering. No shorts, keep flat on redness. Low sell volume, which may mean overt buy interest is still arriving, suggesting reversal upwards may be delayed.
CYAN
I like this long over 5.10 with strong volume. It needs to hold over 4.80 on a test to remain/be viable as a long. Possible early red to green long entry if it opens weak. Also a long on spiking up at or near the bell for a long scalp. Keep flat on real weakness or a fall fail at 4.80 if tested. Avoid all big gaps, as usual.
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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