Phewww...I'm not even gonna say it, you guys already know how amazing this market is right now. Let's just get to the stocks!
$MLGO - Everyone saw this one today but I'm gonna dig into it anyways. This was pretty much the star player of the day; bit of a higher priced stock ($15.00) spiking a whopping 678% (factoring in after hours levels) on news of the company establishing a post-graduate training practice. Doesn't sound too exciting to me, but man the stock sure thought it was. Congratulations to everyone who banked on this today! I won't be looking for a trade on this one unless we get a significant pullback, maybe towards that previous breakout level of $10.00 or so. Regardless, this is for sure the new top watch for me.
$SERA - First green day mover on a fresh chart that gapped and spiked 369% on news of the company ending their test trials due to early success in their results. Significant pullback today from a high of $9.86 back to the low 6's. Just like $MLGO, I'll be waiting for more chart development before I come up with a plan to trade this.
$CYTO - "As you can see, I am not dead!" $CYTO back in play here on a day two bounce from previous lows of .30 cents to a high today of .65 cents. The company will be hosting a business call on December 11th at 8:30am EST and the stock seemed to react pretty positively to that announcement...I'm sure the insiders know something we don't. I'm really liking this daily chart pattern with the higher lows and the stock building back towards the previous high of .86 cents. I have no idea what this stock is gonna do in the coming days, but if it decides to gap up on high volume towards that breakout level, my eyes will definitely be on it; even better, if we can breach .86 cents, the next significant resistance level is going to be $1.00, and if we can test that...I'm getting ahead of myself now. Like I said I don't know what the stock is gonna do, but I'll be keeping my eyes on it regardless.
$ALT - This one's just for you guys! I really like the pattern on this one as well, but I'm really not feeling that 50 million float. I'm gonna keep half an eye on it, but my main focus is gonna be those low floaters that I just went over. Looks like this one had positive 48 week phase 2 results for their drug "Pemvidutide" that helps patients with obesity. This is what you call the Phase 2 Ramp from Syke's 7 Step Framework. Like I said I really like this pattern, but I can't with that float number. I'll just be watching this one for fun and let you guys make the money.
WWOOOOO! What a time to be a Trader! Take advantage of this insane volatility while it lasts cause we don't know when it will end, or when the next wave will come. Take care, and enjoy the rest of you guys' evening.
- Gyasi
- P.S, Hope you guys caught that Black Panther reference.
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