KOSS
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 4.15) and holds. Avoid shorts, keep flat on true weakness. Nice move above 3.50. Needs to keep above the Tuesday close, or at least above 3.75 on pull backs to remain viable as a long, aside from any early noise. Early sustained prices over 4.08 are ideal for aggressive entry.
CVM
In play both ways depending upon early moves. Long over 1.69/holds and short under 1.60.
LLEX
Long over 5.03/holds. No shorts.
GBR
Parabolic Sar scan. I like it long over 2.37 and holds. Low volume on the rise Tuesday, a weak 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.
FOE
Bullish Engulfing. I like this long over 21.72/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 Wednesday. More conservatively a stop placed under Tuesday's close, too. The low on that day is a bit too far away to use for stops. Ideally stays above 21 on pull backs to remain viable as a long if it triggers. No big gaps or shorts.
PSTI
3 White Soldiers. Long over 1.31/holds. Stop under 1.25. No shorts.
AUDC
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 10.87/holds. Avoid all big gaps, especially up ones. If it gaps over the trigger or 10.73 let it test/hold/perk 1st before entering. No shorts, keep flat on redness. Decent sell volume, which could mean overt buy interest is nearing, suggesting reversal upwards may be on the horizon.
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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 4.15) and holds. Avoid shorts, keep flat on true weakness. Nice move above 3.50. Needs to keep above the Tuesday close, or at least above 3.75 on pull backs to remain viable as a long, aside from any early noise. Early sustained prices over 4.08 are ideal for aggressive entry.
CVM
In play both ways depending upon early moves. Long over 1.69/holds and short under 1.60.
LLEX
Long over 5.03/holds. No shorts.
GBR
Parabolic Sar scan. I like it long over 2.37 and holds. Low volume on the rise Tuesday, a weak 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.
FOE
Bullish Engulfing. I like this long over 21.72/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 Wednesday. More conservatively a stop placed under Tuesday's close, too. The low on that day is a bit too far away to use for stops. Ideally stays above 21 on pull backs to remain viable as a long if it triggers. No big gaps or shorts.
PSTI
3 White Soldiers. Long over 1.31/holds. Stop under 1.25. No shorts.
AUDC
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 10.87/holds. Avoid all big gaps, especially up ones. If it gaps over the trigger or 10.73 let it test/hold/perk 1st before entering. No shorts, keep flat on redness. Decent sell volume, which could mean overt buy interest is nearing, suggesting reversal upwards may be on the horizon.
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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