PULM - 17.5 million float - Junk company spiking on news yesterday after an offering Friday. Funny to see how these sketchy companies work. Watching for the upward momentum to subside, for a short opportunity. Keeping an eye on the 4.30 area for resistance. Seems to have a pretty good support in the high 3.50's.
AUPH - 78.5 million - The biotech stock of the month. This company has a conference coming up in a few days. Keeping on watch as it remains very volatile. Somewhat choppy, seeming like it cant determine which direction to go. Either way, its up pretty high. Short biased for the eventual downturn. After a gap up into morning spike, we saw a stuff at 9.80 and fall. Eventually finished in the low 8's. Watching 8.30 for support.
VRAY - 54.3 million - Healthcare sector stock, pushing higher and higher. Still looking bullish. I'll be watching for a potential dip buy this morning, while also keeping in mind that it could push higher and skip the dip all together. Ultimately looking for the short set up as its moved awefully high and quickly. It seems 7.30 is the resistance area to keep an eye on. Watching 7 for support.
MVIS - 67 million - Keeping this tech stock on short watch after its run up into first red day yesterday. Less volatile than i'd like, so its just something i'm keeping an eye on for now. Looking at the low 2.70s for resistance. 2.35 for support.
IDXG - 2 million - Recent supernova attempting a gap up. Will be watching this for a morning spike. It will need a lot more volume before things get interesting. Will be watching for a short if it can really move up as this has a pretty bad history of holding spikes. Watching 2.80 for resistance and 2.60 for support.
Quick question on VRAY....I've been watching it the past two days and for today I am curious on how you created your support level at 7. Did you you go from the previous day lows? And for your resistance area did you go from the previous day highs?
I usually use the days previous support and resistance levels as long as they are clearly established. I've also found that the whole dollar and half dollar, in a lot of cases, is an area to keep an eye on. This is always after I check the longer term support and resistance levels.
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