Sunday, February 10, 2019

Watchers for the 2-11-19 trading session

Note: Serious internet connectivity problems past several days. No posts possible. Apologies! Still getting it worked on. Hope I can do picks tomorrow night...

SNMP

B/O scan. I like it long back over 3.30 and holds. Ideal to stay over that on tests aside from early noise if it triggers. Stops also possible just under the close on Friday or the 1st 30 minute low of Monday. Avoid all shorts and all big gaps. The low on Friday is too far away to use for risk managing stops. Also a long on spiking up at or near the gun as a scalp. Medium volume on the rise, a tepid sign for new buys. Exiting below 3.24 on fails after trigger entry is possibly advisable. Early r/g buy?

EYEN

Long over 6.80/holds short back under 6/holds.

PCMI

Short back under 30/holds. No longs.

XXII

Parabolic Sar scan. I like it long over 2.55 and holds. Decent volume on the rise Friday, a fair sign for new longs. Place a stop under the close day or the 1st 30 minute low Monday. 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.

CRMD

Bullish Engulfing. I like this long over 2.03/holds. Low volume on the rise, which is a tepid 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 Monday. More conservatively a stop placed under Friday's close, too. The low on that day is almost not too far away to use for stops. 
Ideally stays above 1.87 on pull backs to remain viable as a long if it triggers. No big gaps or shorts.

ASYS

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 5.20/holds. Avoid all big gaps, especially up ones. If it gaps over the trigger or 5,15 let it test/hold/perk 1st before entering. No shorts, keep flat on redness. Modest buy volume, which could mean overt buy interest is still to come, suggesting reversal upwards may be delayed.

BTAI

Short back under 9.50/holds. No longs. Possible short squeeze over 9.75/holds.


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