It's spring break so I'm back..and I think everyone who's followed me for a long time would be excited to know I'm finally trading with real money! It's an ultra small account but it's going to grow my character as a trader so. Traded a little today and eventually I'm going to make a profit.ly account so I can verify my trades with that on here. Until then I'll be posting watchlists on here until I move over to that account. That being said, here's the watchlist.
TGTX – Spiked nicely today on results from study. Nice solid price action today saw this premarket and wanted to trade it but didn’t bring myself to do it. This is literally mid range right now so I don’t have anything specific to say about it looking at the longterm chart. This has gone supernova before, but it was 5 years ago and it didn’t show price action like this. Looking at the day chart I know 10.4 is big resistance and if it can’t break over that this is just gonna drop and lose gains tomorrow on one exception. If it touches 10.4 can’t break but holds over 9.6, AS CONVINCINGLY as possible, it can potentially go and break over 10.4. It has to show me correct positive price action off of the 9.6 level for me to buy. This could also potentially double top tomorrow if it breaks over 10.4 straight away, so it again has to show me the correct positive price action after having broke that level. It’s not a low float so I’m not thinking this is gonna break easy. I’ll have to watch it.
BLPH – Low Float Squeeze. Don’t see any specific catalyst. I really like the day chart for a dip buy, sad I missed the dip to the 1.6’s. This today had the tendency to drop hard after a little up trending because it simply didn’t have an actual catalyst pushing it up. 1.8 is nice resistance and it’s at that level now, holding up near it’s highs. If it breaks it could touch 2 but if I were to buy a breakout or maybe (hopefully and more likely) a dip buy to the 1.7’s, a break, and a run, I’d more than likely take profits at any serious resistance or negative price action. This can drop hard and it doesn’t have a catalyst, but it does have good momentum from it’s 100 day chart and it’s a low float, that’s why I’m considering these possibilities. Moreover, it has history of spiking for multiple days, but I’m still cautious of this just losing gains hard out of nowhere tomorrow, so if I do buy, I’m watching it like a hawk.
PIRS – Spiked on announcement of drug candidate at the 2017 Meeting of the American Association for Cancer Research (AACR). I’m liking the longterm chart and I’m watching for a potential spike tomorrow to 3 or at least higher 2’s. Held up near it’s highs today and into the close I watched the buyers come in. 2.8 is immediate next resistance so at that level I’ll be watching if I end up buying a breakout over today’s highs. I want it to breakout and hold convincingly over today’s highs, even steadily uptrend off of that level. On the other hand If it breaks under 2.58-2.6 tomorrow I don’t see it being able to break over today’s highs, may double top, but unless it shows impressive price action out of nowhere off of 2.52, I think it’s done on the day for buyers.
BIOS – Pretty much rallying off of Trump. Missed the hell out of this, but I don’t think this can go anywhere anymore. It has huge resistance at 2.4, but if it does end up breaking that level somehow it has a lot of resistance above that level all the way until 2.8. I’d actually like to see what it does if it does break that level because that’d become huge support if it were too. Really only see this as a short for right now. I’d love to short this around the level it’s at now.
@harsto I try brother, good luck to you too!
thank you for the help!!!
good luck man!
Hey OON, I am new to the challenge but see you have really refined the process. I am also big on learning as I feel that is the most efficient way to improve. Would you be willing to discuss some of your long setups?
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