FMSA
B/O scan. I like it long back over 3.43 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 3.30 on fails after trigger entry is possibly advisable. Early r/g buy?
HL
Bullish Engulfing. I like this long over 5.27/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 Wednesday. More conservatively a stop placed under Tuesday's close, too. The low on that day is not too far away to use for stops. Ideally stays above 5.14 on pull backs to remain viable as a long if it triggers. No big gaps or shorts.
SAEX
In play both ways. As a long on continuation of momentum above 2.95/holds. Or as a scalp up at or near the gun for a scalp buy. Or, as a short on a fall fail of 2.75/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 2.88. The fade is more likely given the price action on Tuesday, but keep an open mind.
AUG
Parabolic Sar scan. I like it long over 2.50 and holds. Modest volume on the rise Tuesday, a fair 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.
GPRO
Red floater scan return. Idea is to play for more down side on day 2. Closed down under 0.5% on Tuesday off a gap up open that ended below the debut. Stop just above the Tuesday session high (11.37) 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. Low volume on Tuesday means it may have good chances to work. An 11 or 10.89 fail may be ideal. Avoid big gaps/longs. Panic dump?
WSR
Hammer scan short. The tail is not too long to use the high as a stop level unless the position is very large. Can use a bit above Tuesday's close for risk control. Trigger is below the low of last time, here under 13.28/holds. Avoid all big gaps, especially down ones. If it gaps under the trigger let it test/hold/fall from there 1st before entering. No longs.
BRT
I like this long over 9.90 with strong volume. It needs to hold over 9.50 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 9.50 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
B/O scan. I like it long back over 3.43 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 3.30 on fails after trigger entry is possibly advisable. Early r/g buy?
HL
Bullish Engulfing. I like this long over 5.27/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 Wednesday. More conservatively a stop placed under Tuesday's close, too. The low on that day is not too far away to use for stops. Ideally stays above 5.14 on pull backs to remain viable as a long if it triggers. No big gaps or shorts.
SAEX
In play both ways. As a long on continuation of momentum above 2.95/holds. Or as a scalp up at or near the gun for a scalp buy. Or, as a short on a fall fail of 2.75/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 2.88. The fade is more likely given the price action on Tuesday, but keep an open mind.
AUG
Parabolic Sar scan. I like it long over 2.50 and holds. Modest volume on the rise Tuesday, a fair 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.
GPRO
Red floater scan return. Idea is to play for more down side on day 2. Closed down under 0.5% on Tuesday off a gap up open that ended below the debut. Stop just above the Tuesday session high (11.37) 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. Low volume on Tuesday means it may have good chances to work. An 11 or 10.89 fail may be ideal. Avoid big gaps/longs. Panic dump?
WSR
Hammer scan short. The tail is not too long to use the high as a stop level unless the position is very large. Can use a bit above Tuesday's close for risk control. Trigger is below the low of last time, here under 13.28/holds. Avoid all big gaps, especially down ones. If it gaps under the trigger let it test/hold/fall from there 1st before entering. No longs.
BRT
I like this long over 9.90 with strong volume. It needs to hold over 9.50 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 9.50 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
No comments:
Post a Comment