My first public watch list, Im in Perth Australia hence why I refer to the trading day as tonight because it starts at 9:30 pm my time. Id love for any of your opinions on my picks to see what you think will happen tommorow. Cheers

Tradingdaily27

PBMD Prima spiked big this morning at 3:30am on news of an FDA approval of their new cancer drug IMP321 that basically approves the testing of the drug on people to see if it works. Prima has history of spiking with news of this drug although it generally only holds for one day and then retraces. I think that because it was such a late announcement it wasn’t picked up by that many people and because of that it could possibly spike tonight at open of pre market. If it spikes above 3.20 then it could be a good buy point although I think it will either spike above 3.20 and then dip back down to around 3.00 which could be a good entry point if it holds the support it could re test 3.20. It’ll be a watch for tonight.

 

ABWN I will watch this one again as its got a nice pattern forming of spiking slightly and then a dip to a gradual price increase all day to a spike near the end. It has very little volume though which is a bit scary. If it spikes in the morning a bit above the close and then dips down and holds support at 2.5 (seems to like to hold support at round numbers) could be a good entry to dip buy to then see if it can re test the previous close of 2.80 and then gradually move upwards. Would give me an exit level at 2.49 if it doesn’t hold support and anywhere above 2.75. 3 will be a hard resistance to break, as it is such a round number. (I MUST REMEMBER TO ACTUALLY WATCH IT INSTEAD OF GETTING DISTRACTED BY THE MESSAGE BOARD PICKS (I Got wayyyy too distracted by ROX last night which did nothing) I cant seem to find this on any live charts because I still don’t have interactive brokers live, so ill just analyze it for now.

 

IMGN This stock-still has no catalyst, which is strange why it is spiking so much. It had quite a nice dip down to confirm its support at 3.13. Once it broke out past its 3.35 resistance it had a nice spike which returned down to sit just above the now support at 3.35. I’m a bit unsure how to trade this stock as Im not sure where its going to go from here if it breaks below the 3.35 support and holds the support at 3.13 then it could re test the resistance but I’m unsure. Id be interested to hear what anyone thinks about it.