Tuesday, December 25, 2018

Watchers for the 12-26-18 trading session

SVRA

B/O scan. I like it long back over 7.54 and holds. Ideal to stay over that on tests aside from early noise if it triggers. Stops also possible just under the close on Monday or the 1st 30 minute low of Wednesday. Avoid all shorts and all big gaps. The low on Monday 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 7.30 on fails after trigger entry is possibly advisable. Early r/g buy?

XBIT

Short back under 5.90/holds. Over extended now with some weakness.

CUTR

Bullish Engulfing. I like this long over 15.75/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 Monday's close, too. The low on that day is too far away to use for stops. Ideally stays above 15 on pull backs to remain viable as a long if it triggers. No big gaps or shorts.

DEST

Long over 2.28/holds short back under 2.25/holds.

JT

Parabolic Sar scan. I like it long over 4.08 and holds. Low volume on the rise Monday, a good sign for new longs. Place a stop under the close Monday 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.

SPCB

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 1.35/holds. Avoid all big gaps, especially up ones. If it gaps over the trigger or 1.35 let it test/hold/perk 1st before entering. No shorts, keep flat on redness. Modest buy volume, which could mean overt buy interest is unclear, suggesting reversal upwards may be delayed.

MRIN

Up a ton over a few days. Short back under 7.90/holds. No longs. Stop above 7.95/holds.


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