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FOR GOOD ABCD RUNNERS AND GOOD SIGNAL FOR LONGS, BEATEN DOWN CHARTS ARE BEST (with catalyst and if SSR on even better)AND ALSO THE ONES THAT ARE BREAKING OUT 52 WEEK HIGHS. BETTER IF NO RESISTANCE AHEAD OR FAR ENOUGH. SHORTS WILL AVOID THOSE FACTORS. Also if first second third green day.
ABCD: gearing up and basing with higher lows and also maybe higher highs. Always good risk reward 3:1 and stick to plan.
Dip buy: sharp fade not gradual, enough range -10% minimum, clear supp lvl and no bad catalyst as reason of fade because the no reason to bounce. Tight risk and prepared. Use lvl 2. Always good risk reward 3:1 and stick to plan. Also VWAP as an important supp lvl.
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Note to self: remember that when long biased, the watchlist preparation will work sometimes, but most times ABCD setups cant be prepared for because they appear after market open. But still, have a plan always with good risk reward and read the chart and lvl 2.
-Dip buy: 9:30 - 10:30
-ABCD: 9:45 - 15:45
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$QNST: Daily chart just at resistance after gap up on earnings.
Plan: only play here is a quick fade sharp to the 14.5s or near enough and with volume no gradual and no bad catalyst as reason. During first half hour or hour open.
$TRUE: Nice first green day with volume on earnings. Did spike but then faded and stayed mid range and closed mid range. Actually it looks better for shorts, because they have 15.5 as resistance on intra and on daily.
Plan: only dip buy (sharp no gradual -10%minimum+ range+clear supp lvl+no bad catalyst). If opens weak with a panic to the 4.45 where it has supp, will dip buy. All factors have to be there. Have always good risk reward and plan.
$VSTO: Nice daily runup last three days. Its at key resistance level. Nearest resistance at 10.4.
Plan: dip buy sharp panic with enough range and volume and no bad catalyst as reason of fade. Has some supp 9.4.
$PBYI: Nice daily chart. Big two green days. Now at resistance level.
Plan: only intention with this stock is to dip buy into a sharp fade not gradual into the open first half hour and no bad catalyst as reason with volume. The key level is 8 or near that. needs to be good range.
$ETM: Bigger company with nice midterm daily chart. Near 5.1 resistance so could be rejected at that lvl. Started run on earnings being published.
Plan: Just interested in dipbuy to the 4.5s if possible.
$CLVS: Nice daily beatten down stock that had its first green day + volume on good earnings. 40M float. Today had a pullback day with a good panic, but had too many supp lvls and wasn't accurate enough for a dipbuy. It did not surpass resistance lvl 6.4.
Plan: Keep an eye on it. My setups and 6.4 in mind if gets close enough.
$BE: Nice daily chart multi day runner already. It is now testing some resistance levels so could consolidate or pull today. It has a class action lawsuit, so BAD news for this stock. Keep that in mind.
Plan: I like the daily chart and intraday isnt bad. Grinding price action. Decide a plan on tomorrows development of the chart. Keep in mind resist and supp lvl from daily and intra.
$XPEL: Very nice bullish trend on daily + b/o on earnings release. Its a bit iliquid and has 15M float with 400M cap. But today had nice ABCD.
Plan:If on premarket has a gap up and opens with a panic towards 13 - 13.2 good dipbuy opportunity. (sharp not gradual, good range -10% minimum, clear supp lvl and no bad catalyst as reason of fade, cuz then won't have reason to bounce). If keeps going and opens at prev day close or opens weak and starts grinding and basing with higher lows, could be a good ABCD opp.
$DTIL: Nice uptrend on this Biotech because of good data published. Increase in volume also. Today was a pull back day, first red day after 4 big green ones. Mid sizer. On the daily it has reached resistance lvl 9.
Plan: keep an eye on it for any possible continuation of the move.
$MAXR: Longterm chart is a beaten stock that now its going from lateralization to starting uptrend not confirmed yet. Its a slow mover. Its breaking out on multimonth. It has some resistance ahead.
Plan: will watch it. Will be interested in it if has an increase in volume compared to prev days and also an increase in its true range compared also to prev days. If that happens, will wait for my setups to appear. dip buy (sharp no gradual -10%minimum+ range+clear supp lvl+no bad catalyst). If opens weak with a panic to the 4.45 where it has supp, will dip buy. All factors have to be there. Have always good risk reward and plan. ABCD BCD setup gearing up higher lows and basing with good set risk reward and 3:1 minimum.
OTHERS: waiting to see my setups form and need increase in volume and in true range. Keep a close watch on them.
$SES:
$ISEE:
$XNET:
$CNST:
$NXTC:
$SCOR:
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