Ok, not much went on today. I sort of just wanna recap what I was looking at. So SPNV and CLSI sort of just crapped out. CLSI just doesn't have enough volume/hype to break that resistance at .097 level. SPNV that .49 level, but both I'm still keeping an eye on. Everything was pretty much choppy this week, but let's hope tomorrow'll will bring some nice price action.

HEPA NASDAQ(Morning Spike)

MKT Cap 11.95

Shares 3M

Volume Today 37.91 M

So let's get to HEPA. Premarket the stock was up +70% after hours previous day due to some liver disease news. Lost half it's gains premarket which to me tells me it's just ehh.... for both long and short. If you look at the long term chart, there's some resistance at $6 or so of 8M. If it would've gapped up or spiked to around that area, it would've been ok for shorts, but this is micro float and micro cap, and biotech so either way it's not a great set up for both long and shorts IMO, unless this is somehow your specialty.

Opened up really choppy but held that premarket support of $3.50. Then eventually spiked to around $5.50, which is pretty close to that $6.00 resistance. Was looking at it for a potential afternoon play as the volume wasn't too bad compared to that 8 million resistance @ 6. I wasn't going to play it market open not just because I don't know premarket spikes well enough, but it lost half it's gains from 80%, so set up was just really iffy. Because of this, I would need the pattern to prove itself to me to show me people were interested going into afternoon to break that $6.00 resistance, but clearly they weren't as you can see by the drop at around 11 am.

Can you play it and make a nice gain on it? Sure. Assuming I held at market open after the dip, I could've made around 50% but after my WWR debacle, I'm more and more cautious of playing speculative set ups for now. But this one will go on my stat sheet for tracking morning spikes. 

 

Pretty much same ol stocks on watch that I've been watching. I'm sure something will pop up premarket. There's a lot of tickers here and there that just weren't worth the time.