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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 15s 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 5.5 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 4s 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, and now has had first red day as consolidation. Could consolidate and go a bit lower to run even more on the next days. 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 9.1.
$PBYI: Nice daily chart. Big two green days and has had two red days but did not fade meaningfully. Now at resistance level still.
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 7.8s o/u or near that. needs to be good range.
$DTIL: Medium size company that moves kind of slow but if has a quick panic it respects well the supp lvl. Its a biotech so could have a sudden move on both ways deppending on the news. And as N says, know what you own. Since its a bio and its like more specialized, will only do my plan and wont hold it for long.
Plan: just interested in quick panic fade with range not gradual and no bad catalyst as reason to the 8.7s lvl. No ABCD because dont wanna risk being in for too long.
$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. had a pullback day with a good panic, but had too many supp lvls and wasn't accurate enough for a dipbuy.
Plan: Now key supp lvl 5.3s. If goes though it with eough sharpness, will consider a pure panic situation from longs and dipbuyers covering. 5 could be a good supp lvl + whole half number. After that lvl there is 4.7s that could also be a good one and with wider range.
$CVET: big size company. Eranings release and seems good reaction but also seems to have a class action. Keep that in mind. Did hold on the highs. Has resistance on the daily at 12.5 and on intra did have trouble getting near.
Plan: watch it for a sharp fade to yesterdays supp lvl at 11.8 or near enough.
$AMRN: Biotech that spiked on FDA good opinion and had nice volume. Since its a biotech, be careful on news that could affect the stock. Its a huge copmpany. History of having big green day and running for some days, but keep in mind that it can easily be afected by catalyst.
Plan: if opens weak, will watch for a gearing up higher lows and basing and possible higher highs to get in with a good risk reward 3:1 always and a plan.
OTHERS: waiting to see my setups form and need increase in volume and in true range. Keep a close watch on them.
$XPEL:
$CNST:
$SES:
$ISEE:
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