I trade solely based on PATTERNS only so when I just say I'm interested in shorting I'm waiting for either a parabolic/volume exhaustion, stuff type move/HOD rejection, vwap stuff/fail, or lower high after a nice move up for more fading.
Will be looking for gappers PM as well as those are where the nice gems come
ECYT: this can easily push higher but it may just consolidate tomorrow and the next day possibly which I wont look to take a short if that is the case. Will only look to short this if it can have a parabolic towards $6.50 if it can do $7 even better..PATIENCE IS KEY
SRNE: got a price target of $35 just looking to take advantage of a parabolic
SNAP: push towards $18-18.50 somewhere in that range for a short only if it shows signs that it needs to fade but can definitely have a nice rally tomorrow so will be patient
I: has potential to push higher..5.50s key area or else will probably avoid
LPCN: shorts probably stuck in this if this gaps up it can probably rally at open. Don't underestimate what it can do. Would love to see this have a parabolic move towards $3
AKRX: not looking for the bottom but when it does base around a level reclaims vwap it could rebound nicely..if it can gap up tomorrow it can be a good short but small size as this has come down a lot
TWTR: push to $32.30s with a bearish candlestick for a short..if markets are rallying this can possibly push higher so will be watching the SPY
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