On the Trading Watchlist:
LNTC: #1 on my watchlist...its was the greatest trade from Friday. But here's 'the scoop' on it and why its hot for Monday and thereafter:
1. Mentioned on Small Cap Rockets on STT, some big time bag holder with 1.3B shares...be aware that its risky. This ticker had news this past Monday. I am so looking for news tomorrow or later this week.
2. Nice consolidation during the M-Thurs. chart last week within the .0188 - .03 range. and it really made a great drive up to the top of the day Friday. Also had great consolidation the week before. I so wanted to swing it over the weekend but with the markets down and all, I sure didn't want to lose the $203 gain I made. I believe its going gap up in the morning...and keep climbing up. Can also have a fairly decent panic...but most likely will probably continue full on SuperNova!!...Yahoo!!!! So, hopefully will continue and gain super volume and momentum!
3. On the monthly chart/1 day...Its really a beautiful chart...looks almost perfect with a smooth upward trend. Friday was a first green day since the candle the day before on Feb. 25.
4. It really had consistent HUGE volume from 02/08 to 02/11...then for 5 days thereafter there was some consolidation then nice gap up which spiked up to .0359 sometime during that day on Feb. 22.
5. After that spike there was one red candle and then one green and a very small green for some consolidation...and then BOOM!!...There's a nice spike on Feb. 26.
IMTL: #2 but may as well be tied in first place with LNTC to trade.
1. It has MASSIVE volume, LOW float, and its setting up nicely as a cup and handle chart. Has the potential for gapping up or morning spike and maybe a panic.
2. This also has some consolidation, not in its highs but more the lower mid range. We will see how this one reacts.
3) Looking out for news that will help!
NSAV: This one already had a massive spike on Monday, Feb. 22...had a double bottom in the .05's and then it had a downward trend which made it finish below its low of the day at .0435.
1. On Feb. 23 it panicked into a double bottom had news on the first bounce and panicked more and then had over a $ .03 bounce...would have loved to to ride that coaster to the first top of a triple top.
2. From Feb. 23-26 it consolidated between the $.03s to the .05's.
3. This has had decent volume since Nov.2020
4. For the past 7days, the consolidation is there on the 6 month 1 day chart between $.032 and $.05
5. On the 1 month 1 day chart, it's resistance $.0158 became support and it has stayed well above that point with $.0240 cushion...not bad.
6. On Monday it might continue consolidative the highs of this last 7 days, OR it might have a morning spike or morning panic. I really don't have a conviction on the direction it will be heading. This ticker could go on for a further 2 or three weeks provided it has news and more volume.
7. It had news on Tues and Friday of last week...keeping an eye out for more news!!
On Observational Watchlist:
SANP: on 02/16 started with consistent massive volume, had news and more volume on 02/17. Consolidated for 3 days and on Feb. 22 it really made a spike from .0115 to .0258. Then on the 23rd it kept in the mid range of the day before. On 02/24 it made a run up to .0334 and basically failed the spike into the close, lost half its daily gains. On 2/25 it had a small spike and then failed miserably into the close and closed way below its open. On 02/26, it mini spiked and then panicked way down with a few small bounces in between. It closed below its open price.
SANP is failing, has had plenty of panicking and miserably downward trending.
SWRM: Looks to be similar to SANP. Lots of panicking and failed spiking since it has been closing in its lows. It looks like the way it will go is down inevitably. Not even news will prop this one up enough to keep it propped up.
QTMM: Had news on the 02/23. Has had decent volume, but it is failing with 4 red days in a row this week. It could make a run for it since the most 2 recent days are consolidating BUT most likely not to recover the spike into the $.20s
GMPW: Has formed a fair to decent cup and handle chart on the 6 months 1day chart with identical spikes 02/25 and 02/26. It has potential to go spike further up since its keeping the highs with Feb. 19, and barely keeping above resistance and support of $.0359. I think its likely to slam down this week.
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