Just doing a watchlist for myself. Really been watching Steven Dux and how he looks at patterns and I'm just focusing on plays that seem to repeat themselves over multiple days. Going to see if that strategy works for me. My account went from 2500 down to 1500, and I don't want to lose that. Therefor making a watchlist gives me a reference back to stocks that I've analyzed so I don't try to chase on whatever stocks tend to be hot right at that moment. Hopefully this gives me more confidence with my trades. I'm doing this for me, not for you. I would like to bounce plays and ideas off people. If what I say could be tweaked or if my mindset on how I analyze something is wrong, inform me and explain why. I'm a new trader and I am taking the time to really study Tim, Steven Dux, and other traders and actually analyzing charts to potentially improve my trading and improve my life.
$EVK - EVK is up 120%. Its up 2 days in a row. And It has a pattern that seems to repeat itself. $2 seems to be the support as the stock reverses and makes a run mid day and then fades back out in the afternoon into after hours with $2 being its base. It has resistance at $4.50 -$4.6 and a 2nd resistance at about the $6.40-$6.5 range. The play will be if the stock gaps up, and dips to the $2 support area and it bases, wait for mid day for it to start to reverse and go back in the upward direction like the first 2 days. If I can get in around the $2.10-$2.20 area, I'd risk breaking through the $2 support looking to get out around the first level of resistance. I'd be risking .20 cents to potentially make $2-$2.50.
$KBSF - KBSF is up 42%. First green day where it traded well over 16 million shares. Right now there's no news or press releases and is too early to tell if the pattern will repeat. Not really sure if buying on the 2nd day is a good strategy. But it could be just a day trade. If the 2nd day repeats then I'm looking at $2.60-$2.70 as support where it spiked late day the day prior, faded during pre market into the open and then dropped more and found support at the $2.6-$2.7 area and ran mid day to $3.45-$3.5, faded into power hour back to support and made a run to $4.6 where it has then faded after hour using the mid day resistance of $3.5 as support. Again I think it's too early to make a play but will be watching it and if it hits key areas, I'll take a small position to see if im right or not
$BPTH - BPTH is a clear break out over the 100 day resistance level of $5-$5.2 and closed over the $5.2 resistance level. The stock did have news today from the Patent and Trademark office giving them a notice of allowance for some drugs the company makes. This is the first green day. This stock is on watch for me. Stock spiked pre market to north of $7 and dropped hard to the $4.75 ish support level and bounced into the market open pushing to $6 resistance before getting rejected back to support to make another run to the $6 resistance level mid day to get rejected again to the support level where it consolidated into the close. I'll be watching this pre market to see if the stock starts to copy day 1 and then I will be paying very close attention. If it plays nice, I'll look to get in close to support risking right below support, $4.7ish, to get out around the $6 resistance area. I'm not risking a bunch, .5-.10 cents to make roughly $1.
$HX - HX is a former supernova and history of making nice little runs. Financial company. It is uptrending, up 20%. I don't see myself trading this. The pattern is hard for me to understand. It ran one day and faded late afternoon and faded all day the next day to support with a Power hour spike to resistance. It then gapped down and held support and then ran mid day to resistance, rejected and a fade to support into the close with a small gap up the next day and a morning spike to resistance where it held resistance, ran mid day breaking previous resistance, with a choppy fade where its now holding support and the old resistance level. Looks like it formed a head and shoulders today. Its on watch and the set up has to be there for me to play. Right now its just too choppy and I feel there's other plays that I don't have to chase as hard.
$XELB - XELB former Runner setting up similar to when it ran in August. I'm paying very close attention to this. Has resistance at $1.20 area from the previous run in August. If it breaks this resistance which it did but couldn't hold today, it ran to $1.4 but couldn't hold and faded in the afternoon. It's currently holding its daily support around $1.10. It's up after hours and is currently at the former resistance level from August. Premarket will decide how I play this. It could be a dip and rip, or it could be a morning spiker.
$NTN - former supernova with what I read sounded like bad news but it ran all day today. had a perk in september which to me indicates the supernova is waking up as it faded from that perk and is curling up into today. May be one to watch going forward and if the volume is there, might be a great play to double if not triple my investment.$1.95 is support over the past 3 days where $1.55-$1.6 is support over the past 4 months. It closed near its highs today and is up after hours. It does have resistance at $2.45 and if it breaks that tomorrow, It could go supernova and run without resistance all the way to $5+. If I play this, i'd try to get in around the $1.95-$2 area, risking the 4 month support of $1.6 for a potential run to $5. Risk .45 cents per share to make $3+ per share. So if my math is right, thats a 15% risk/reward.
$IDEX - IDEX First green day. just acquired 15% stake in a company that makes electronic tractors. Battery powered tractors...And I live in farm country... I'd like to see a battery powered tractor cultivate the 1000's of acres around me lol. Anyways, this stock ran for almost a month in June going from .43-.45 cents to almost $4. It has since been flat until today, where it gapped up on news and ran to $1.15 and faded into the close. On watch but the volume was just a small blip compared to the past. Not sure if there will be a play here or not.
$OEG, $AEMD, $U, $SABR, $NVFY, $ADIL, $NWBO are some others I have on watch.
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