Good evening profitly. I haven’t made a watch list in the last couple of days and I apologize for that, but I myself haven’t even had time to trade all that much. For tomorrow I probably won't even be around a computer the whole day, so my serious trading won't resume until next week. However, I still wanted to put out a watch list to give you some ideas for tomorrow. Let's get into it!
Stocks under one cent
$MMEG- Some nice news here today and the price reflected that. This stock closed up 180% today but was up by more than 200%. From such a sharp move up the stock's RSI obviously reacted and shot up over 70. I’m not saying that’s a bad thing but it’s just something you should look at. For tomorrow volume will be the key indicator here. This had great volume today moving of 220 million shares. If that continues tomorrow, you could see another huge day. I would look to dip buy this around .0039-.0041 area. I think this may gap slightly tomorow but then dip to fill the gap. WATCH FOR THE DIP AND RIP. If this thing can get past HOD from today I think it most likely sees .006 if not .007. Level 2s will be very important here so keep your eye on them. This would be my only main watch for this part of the market.
$NGCG- This is a stock that I took out a small position on the other day. It’s not the normal set up for me. It’s had very low volume which I almost never trade. For this just watch for volume increase and maybe some news. Chart is pretty which is why I got in. This is definitely not a main watch but could be in the future.
Others- $ASTI
Stocks from 1 cent to 1 dollar
$BMXC- This is the other stock I am swinging at the moment. This has been on my watch list forever and that’s simply because it keeps going up. Don't fix what’s not broken! This will probably be the only stock on the list that had a down day, but not by much only closing down under 2%. It had a nice support test at .026 which it held easily. For tomorrow if I wasn’t already in this I would look to dip buy in the .028 range or even .026 range but I don't think it will test that again tomorrow. Some MM’s are causing some people to sell but this company is debt free so there’s nothing to worry about in that regard. Within the next 10 days we should see a press release for an uplisting. This thing needs to break over that .033-.035 range and it sees .05 easily. Just look for volume to increase again. If you're thinking about getting in this I strongly recommend to watch the L2’s here (Even though you should on all stocks) because you'll see the strength I’m talking about. One of my number one watches over the next week.
$OCRX- Nice day here today closing just under .70 and up just above 25%. I actually really like these type of setups (Big gap downs followed by a big spike in volume) and have traded them quite successfully before. For tomorrow I would watch this thing early...to make sure there isn’t a morning panic, which could be a possibility here. If there isn’t I think the low .70’s area is a perfect spot to try and go long on this thing. I would risk it off that .65 area and have a goal of +.10-.12 It could run farther but I’d take around 10% here at the moment. The open will probably tell you a lot about what it’s going to be like for the day so make sure you’re watching it.
Others- $VDRM
Stocks over $1
$AEHR- Nice contract winner here today closing up over 35%. This will probably be a tricky one to trade tomorrow, at least in my mind. It looks like it saw some selling EOD which makes me worried about a morning panic or even a fake morning spike. However, if this goes bullish tomorrow I would expect the market open to be the best time to get in. If I was playing this one I would look to get in around the low 3s or the high 2s risking off of $2.80 anything below that you need to be cutting the losses. If the stock is strong tomorrow around the $3 area I can’t see it having any problem getting back to HOD from today. This may set up to be a tricky one to trade but it could be a runner until the end of the week.
$PLG- Nice breakout and volume here today. The chart is worth a look because it shows that this thing has the ability to spike for several days. The last time it got this kind of volume it ran nicely for a couple of days. This is pretty much a pure technical play here which I enjoy trading. For tomorrow I would look to get in on a small dip around $2.25 where there is a nice support base. The problem with that is this thing looked nice into the close and could have a morning spike tomorrow. If it does I would probably just move on but watch for the spike then dip for an entry. From there if the stock can have good volume again I don't see any problem going to $2.70 where MAJOR resistance is. It’s worth noting that more than likely $2.50 will be resistance just because it’s an evenish number. The main key will be volume so make sure you’re watching it and be scared of that $2.70 area because you should be.
Others- $ETST $WCST
That’s all for tomorrow. Like I said I probably won’t be at a computer all day but I will check stocks mobily and if you have any questions I’ll still try and get back to you like always. Make sure to follow me here on profit
thanks
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