Premarket Watch List and Trade Plan:

 

$IMMR  - Buy Breakout (52 week high)

52 week high was recorded late afternoon today 12.14 Current price 11.55: looking to buy breakout from 12.00. Risk at 12.00 about 15 to 20 cents. See Some resistance on long term chart at 12.50/13.00 and 14.00 will hope to get to 13 but will exit if fails 12 or 12.50

*  Long: 12.15 - 12.20 / Exit fail of 12.00, Fail 12.50, Fail 13.

   If break of 13, sell half.  Target 14 for remaining half

 

$CDXC Dip buy on recent spike up and crash to support level

52-week high and 9 year high of 7.24 on 11.26

volume on 1/25 was 3.3 mil, today 695K.

currently 4.83 very near short and long-term support, potentially could bounce, or fall more on a break of 4.80

Might be a decent dip buy about 5.00 using 4.80 as risk. Resistance looks to be about 6.00/6.50/7.00

 

Long: 5.05 - 5.10 / Exit fail of 6.00, Fail 6.50.

If break of 6.50, Target 7.00 for remaining half 

Trades:

$IMMR  No trade.  Stock did not reach my target entry.  Sideline for now

 

$CDXC No Trade.  Stock moved up first 5 min but still not confirmed bounce.  Did not enter trade.  Subsequent move lower negated my trade plan.  Sideline for now

$MSRT - Buy dip after crash following spike (O/N play).  Support level at .37  Entry at .55 / Exit .37 (.18) / Target .76   Watch resistance at .625 and exit this fails.  

End of day summary:

$MSRT play might not have been a good play.  Was sidelined all day as the 2 trade plans that I prepared were sidelined.  I could have done better trade planning especially with the evaluation of Risk/Reward based on entry price.  I want to kick myself for not resisting the urge to have an active play.  Will watch this play in the AM and exit at first sign of trouble.

Next up:  another video, then prepare watch list for tomorrow