CCCR/ CLNT/ CALI: All had spiked up today with no news and the only thing in common is that they are all China plays. CLNT/ CALI showing resistance already and looks to show a turn in momentum for a short. CCCR, would hold overnight, if it had more to give it legs, but even though it is holding it's gains for the day, I don't see it do much tomorrow, especially if the other two are dropping, it would be a clear sign to short as well.
HDSN: Same as CLNT/ CALI as it also spiked mid day without any news and now it is holding it's gains well. There is resistance at $7.36, and if it spikes close to that tomorrow, I will short since the risk will be $7.40/ 7.50. If it goes over the prior high, would wait for the resistance before shorting.
CYTR: Still green on the day after yesterday big drop, it spiked up in the morning and still held green on the day before closing. This looks to be a short trap as there is lower highs since it spiked last week. I will keep watch as this can spike back up and squeeze the shorts. I would say as long as it can go green on the day, it's a good time to buy with a risk when it turns red on the day.
Join now or log in to leave a comment