Everyone getting over that hump alright? Today was a busy day for my watch list however I didn’t make any money, as I didn’t have any open or closed trades today. I sat there and watched VLTC spike up above $5 today after selling last week for a small gain. I also saw ATOS gap up 20% before dropping at the bell and catching support right around $0.60. Here’s a look at the rest of last nights watch list.
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TGD – This dropped a little today however it did manage to hold above $0.20 support. I’m still planning on holding this until $0.30 unless it drops below $0.20 tomorrow. Once again this tested $0.20 and failed to crack that support. I’m thinking this thing is spring-loaded and it’s going to take off tomorrow and/or Friday. Stay tuned.
GRPN – I called this perfectly in my video lesson yesterday! Hopefully some of you cashed in as I was too busy being sick in bed. I do think this is a good short either tomorrow or Thursday however I would be careful since BABA just invested $37 million into the company. It could run for a few more days so just be careful. We saw that big dip at the open today, however it did make a small comeback after possibly finding support at $3.60. Keep an eye out for this tomorrow to see if it cracks that support or not. I’m thinking we see mid to high $2’s by the week.
SYMX – No volume here today however it did breakout past that $0.70 resistance that I mentioned yesterday. I would definitely keep an eye on this for some more volume to see if this can get back up above $1. Still no volume however it had another green day. This could be a good swing over the next week or so but I would like to see a little more volume here.
ATOS – New to my watch, this has had back-to-back solid green days breaking out above resistance. This is strictly a technical play as there isn’t a major catalyst for this move so wait maybe 10-15 minutes after the open to see how this is acting in the morning. This gapped up huge before fading all day. Thanks to @togmaster we have a catalyst for this move and that’s that the president and CEO of the company just purchased 15,000 shares yesterday at $0.53. The volume has increased each of the past few days and I’d love to see if this can break out past $0.75 tomorrow.
Here’s a few stocks that I’m always watching do to their volatility and ability to spike huge given the right catalyst or PR. Sometime they spike when they start to get near their long term support levels also without any catalyst.
VLTC, LIVE, AVXL, HMY, UNIS, NXTD
If you would like to know why these are on my watch list you can either ask, or go back into my watch lists from earlier in the year explaining in detail what I’m looking at and why.
SYMX I believe has too be everyones watchlist if it's under the $1 Range. My honest opinion the one dollar risentance its like the Golden Tech. Indicator. What do you think?
@danielreynaga agreed, if it can break $1 and $1.20, i can see it running back up to $2. We need volume though and a catalyst
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