Sunday, October 01, 2017

Watchers for the 10-2-17 trading session

IZEA

Supernovae. Decent upside. Watch again see my previous comments.


ARDM

Supernovae, still maturing. See my previous comments. Possible short.


HMNY

Supernovae, still maturing. See my previous comments. Possible short.


CAPR

Huge rise. Possible fade. Watch once more, still up a lot. Possible short.


AMMA

First red day Supernovae. Finished red under 8.5% 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 fairly likely given the big red result of Friday. 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 modest, range wider. Average to mixed short signals at best but watch it.


OMNT

Another reddened Supernovae, see the above stock for details. Similar case.


OMN

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 11.15) and holds. Avoid shorts, keep flat on true weakness. Nice move above 10.50. Needs to keep above the Friday close, or at least above 10.50 on pull backs to remain viable as a long, aside from any early noise. Early sustained prices over 10.95 are ideal for aggressive entry.



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