Watchlist for: 1/5/16

 

GSI: Getting very over extended, resistance near 3.50 and 4, news of joint venture and good numbers, would look to buy support at 2 or short into failed key levels in a couple days

WG: Love this chart pattern, would look to buy breakout at 3.45 or so, and would look for .50 - 1 or so, downside $3 is support, if that breaks im out, no news

RBCN: Up over 50% on no news, chart looks terrible, would look to short into spikes or a bounce risking off highs of previous spike from yesterday

ROYT: Looks like a bounce after a nice fade, would look too short into morning spike risking off highs from the spike before the fade, the closer to 1.80 it gets the better, no news

VJET: Would look to buy the breakout around 5.25, upside .50 to 1, downside is .25, no news so might not make the play

LPTH: Still on my radar long tern waiting for first red day, its very overextended, would like to short on the second red day into spike risking off the highs

CDZI: Would watch for a couple days, would like to dip buy around $5, would also buy breakouts intraday if lvl 2 looks good, upside $3 potentially

MEMP: Waiting for the 3.20 breakout, taking a while to get there but I will be patient, Would look for .50 a share or so, downside of .20

 

Decent list for tomorrow, should be a good day, still not trading due to opening a real account here soon. Anyways I hope this helps and Happy Trading!!