XBIT
Short squeeze long over 6/holds short back under 5.90/holds.
ROSE
Bullish Engulfing. I like this long over 2.47/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 Friday. More conservatively a stop placed under Thursday's close, too. The low on that day is too far away to use for stops. Ideally stays above 2.37 on pull backs to remain viable as a long if it triggers. No big gaps or shorts.
VXRT
Long over 2.80/holds.
DGLY
Long over 2.95/holds.
SCON
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 open alternatively instead. Trigger is above the high of last time, here above 1.30/holds. Avoid all big gaps, especially up ones. If it gaps over the trigger or 1.30 let it test/hold/perk 1st before entering. No shorts, keep flat on redness. Low buy volume, which could mean overt buy interest is still developing, suggesting reversal upwards may be delayed.
FENC
Parabolic Sar scan. I like it long over 6.45 and holds. Large volume on the rise Thursday, a poor sign for new longs. Place a stop under the close Thursday or the 1st 30 minute low Friday. 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.
ARTX
In play both ways. As a long on continuation of momentum above 2.59/holds. Or as a scalp up at or near the gun for a scalp buy. Or, as a short on a fall fail of 2.54 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 2.59 The fade is more likely given the price action on Thursday, but keep an open mind.
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
Short squeeze long over 6/holds short back under 5.90/holds.
ROSE
Bullish Engulfing. I like this long over 2.47/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 Friday. More conservatively a stop placed under Thursday's close, too. The low on that day is too far away to use for stops. Ideally stays above 2.37 on pull backs to remain viable as a long if it triggers. No big gaps or shorts.
VXRT
Long over 2.80/holds.
DGLY
Long over 2.95/holds.
SCON
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 open alternatively instead. Trigger is above the high of last time, here above 1.30/holds. Avoid all big gaps, especially up ones. If it gaps over the trigger or 1.30 let it test/hold/perk 1st before entering. No shorts, keep flat on redness. Low buy volume, which could mean overt buy interest is still developing, suggesting reversal upwards may be delayed.
FENC
Parabolic Sar scan. I like it long over 6.45 and holds. Large volume on the rise Thursday, a poor sign for new longs. Place a stop under the close Thursday or the 1st 30 minute low Friday. 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.
ARTX
In play both ways. As a long on continuation of momentum above 2.59/holds. Or as a scalp up at or near the gun for a scalp buy. Or, as a short on a fall fail of 2.54 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 2.59 The fade is more likely given the price action on Thursday, but keep an open mind.
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