Haven't done a Watchlist before the open in a long time. I think today i'm going to be very meticulous and I need to really evaluate each stock I'm thinking about trading. So here it goes.
POTENTIAL BUYS:
LIVE - Live reported a 580% increase in sales over the Third fiscal Quarter. It's been spiking nicely the past few days but today it broke huge resistance at 2.70 premarket. 2.80,2.9, and 3.0 are immediate resistance levels after that. It got up to 3.10 premarket and I'm no that surprised this is pretty big news very nice earnings. I'm sure it could reach back to that level if it atleast holds 2.7 early in the morning. Not saying 2.8, 2.9, and 3.0 wont show atleast a little res, I think this can get some nice squeezing through with the appropriate volume.
SORL - Reported 24% Sales increase and higher earnings in the 2016 second quarter. Pretty huge earnings for this stock and it gave it enough gas Premarket for this to spike past 2.4 resistance into 2.8. I'm sure it could retest 2.8 resistance with a holding of 2.4 support MORE PREFERABLY 2.5 support. If it bounces off of that support it would be a sure buy for me just need to see the strength at the open and the price action.
KGJI - Reported a 2Q profit afterhours friday and got some spiking. Like most afterhours spikers it's losing those gains premarket the next day lol but it's an earnings winner so I think at the open it could get some squeezing if it holds some level. That goes without saying that it dropped premarket so it could drop again at the open and this could possibly turn into a short fast with a loss of volume. Ill be watching this carefully for the appropriate position.
POTENTIAL SHORTS
VII - Bouncing off of the 0.8 level nicely, but it's making lower highs on a longterm chart and I'm really only looking at this as a short after I see some real negative price action. Might not be right off the back in the morning, so I'll be patient until I see this losing gas and gains. and shorts moving in to put this back down under 1.
RPRX - Got some nice spiking premarket, idk why but im watching now just in case it gets anymore spiking maybe it turns into a short maybe a buy maybe this was just fluff but i dont want to miss anything. We'll see
how did u find these premarket gainer?
I've been keeping track of each stock that's spiked this year because they usually respike. Also check out http://thestockmarketwatch.com/markets/pre-market/today.aspx
Join now or log in to leave a comment