Sunday, August 27, 2017

Watchers for the 8-28-17 trading session

FALC

Still up a lot. See my previous comments for a possible fade of recent red session Supernovae.


RTNB

Again the same. Another Supernovae up a lot and rose Friday despite earlier decay. Possible fade.



UAHC

Supernovae, still maturing. Up tons Friday, possible fade on weakness, see my previous comments.



PSTG

Almost 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 15.14) and holds. Avoid shorts, keep flat on true weakness. Nice move above 13.50. Needs to keep above the Friday close, or at least above 14.50 on pull backs to remain viable as a long, aside from any early noise. Early sustained prices over 14.95 are ideal for aggressive entry.



CDNA

Red floater scan return. Idea is to play for more, real down side on day 2. Closed up over 4% on Friday off a gap up open that ended below the debut. Stop just above the Friday session high (3.19) 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. Moderate volume on Friday means it may have unclear chances to work. A 3 fail may be ideal. Avoid big gaps/longs. Panic dump?



CHS

B/O scan. I like it long back over 8.37 and holds. Ideal to stay over that on tests aside from early noise if it triggers. Stops also possible just under the close on Friday or the 1st 30 minute low of Monday. Avoid all shorts and all big gaps. The low on Friday 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 8 on fails after trigger entry is possibly advisable. Early r/g buy?



VLRS

Bullish Engulfing. I like this long over 13.11/holds. Low volume on the rise, which is a good 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 Monday. More conservatively a stop placed under Friday's close, too. The low on that day is arguably not too far away to use for stops. Ideally stays above 12.80 on pull backs to remain viable as a long if it triggers. No big gaps or shorts.




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