Fellow Traders,

 

Please find below a list of four stocks that I have filtered out for my watchlist for tomorrow based on the STT scan.

 

$ACHN

General Comments: This ticker recently provided Q2 Earnings with favorable news after hours and has spiked quite a lot during post-market with nearly a dollar of upside and has broken the multi-month resistance level at around $5.15. If it can continue its strength into tomorrow's pre-market trading and into the intraday then I think it has potential to run up to the $6.00 area which was the former support level if you look at the 1-year chart.

Entry Comments: I would look to buy it into a dip based on how the chart unfolds tomorrow during pre-market and during the opening hours. I'll keep a close eye on the volume as well as any new news that may hit the market. The key is to remember that this is an earnings winner and can spike multiple days afterwards and the focus will be to buy into dips and take small profits and not be too greedy and aim for singles and not homeruns.

Exit Comments: As mentioned above I would only buy into dips and sell with a little bit of upside with a small amount invested. The exits will depend on the price action tomorrow and how it unfolds. This stock has a history of multiple spiking opportunities in the past with equal amount of crashes so I wouldn't be too surprised if it follows that trend. It's a watch and observe play for me and strike at the right moment, like a sniper.   

 

 

$LC

General Comments: This ticker based on the short-term chart seems to be working towards a multi-month breakout level in the $6.70 area. Currently it's hovering around the mid-6.40 area and if it can continue its strength into tomorrow's trading day then I think it can have a good shot at breaking the resistance level and spike but again it's a watch and see play for me.

Entry Comments: My entry price will be around the $6.40 area as it seems to have been a resistance level with a double top if looking at the intraday chart. My risk level will be in the $6.26 area as that seems to have been a fairly solid intraday support level which it has been holding nearly three times during the intraday. 

Exit Comments: My aim is to make between $0.10 - $0.20 per share on this play and aim for singles. I will keep a close eye on the volume during pre-market and see what happens at the $6.70 area.

 

 

$KOPN

General Comments: This ticker has had a very nice volatile day today with some great opportunity for both dip-buying as well as shorting. Another great thing is the volume level which has been solid. It had a nice gap-up between yesterday and today and I'll look into buying this ticker on dips throughout the day and focus on the market open as well as pre-market activity.  

Entry Comments: The ticker has an overall resistance level in the $4.25 area and since it's already in the $4.00 range I think it has a good potential of possibly taking that level out if the volume persists. I will look to dip-buy this stock in the $3.90 area and risk it off of $3.88 which seems to be a very subtle support level during today's intraday.

Exit Comments: My goal is to make around $0.05 - $0.10 per share on a dip-buy and I will look at the price action during the morning hours and see if it can tackle that $4.25 area and it it does break out that level with strong volume I will definitely continue dip-buy into dips throughout the day. 

 

 

$FLDM

General Comments: This ticker has had a nice upswing on today's trading day, however, the volume has been on the lighter side. Looking at the long-term chart it doesn't look too good as it is a downward sloping chart. The focus for me on this is to buy into dips and sell into strengths. 

Entry Comments: I would consider buying this into dips even though there hasn't been really to many good opportunities. There was a clear breakout around the $2.80 area today which allowed it to shoot up all the way to $3.12. I will keep a close eye on this ticker tomorrow and base my entry/play on the price action and volatility paired with the volume levels and see how the chart unfolds.

Exit Comments: The exit would be strictly based on when/how/if I buy tomorrow and is currently TBD.  

 

I hope this summary will help and perhaps give some ideas as to some potential plays for tomorrow. All the best to you all and let's focus on the best plays!

Cheers,

Avi.