| AUPH | 16.87 |
Nice gap up but is a #3-4 framework pattern, first red day, spike into long term resistance, 12 million in cash with -20 million operating cash flow, the signs are there for a morning panic/ offering
|
This had a nice runup premarket above 4.15 HOD from yesterday and ran to 5 then spiked to 5.68 but that was right at long term resistance which was technically 5.65, this then had a hard crack down to 5 and a failed bounce up to 5.57 which it touched a few times all day (which in hindsight is easy to say it's shortable there but it was showing strength and could have tested HOD for a big squeeze), then bounced off 5.07 for 20 cents where this was time to short looking for an overnight hold for a crack of 5/4.96 LOD and it did crack that and got to 4.93 but there was scary looking bidders in from 4.96 to 5.02 and no shares left to short so I'm just watching this one but perhaps will try to short in the morning, this finished above 5 at 5.10 ish so if this holds up around 5 it could squeeze but I think odds say this could be due for more downside so risking off 5.28 looking for a crack of 4.93 and a cover in the low 4's could be an option
|
|||
|
|
||||||
| GNK | 2.13 |
Low float former runner breakout over it's recent range
|
This was a nice breakout above 5.5 and even 7.50 but it could not hold above that level, this spiked today from the 4.50's to 7.65, dipped to the 6.50 area and uptrended all afternoon into the 8.20's before dropping late day to the 6.20's. If this holds up in the low 6's this could potentially have another runup to the mid 7's, while this longer term chart is not exactly ideal it has traded triple it's float volume today with the most it's seen in the last few years and it's also down $1.80 off it's highs near a key level 6
|
|||
|
|
||||||
| RGSE | 543k |
Low float bouncing off it's lows after a recent run and ensuing crash
|
While I said yesterday this was a potential buy risking off 2.50 I missed this as it held that at the open and spiked 20 cents which is not that volatile, but this bounced off there again and reached the 2.80's, late day this was a potential dip buy in the 2.60's risking off 2.50 looking for a re test of that 2.88 HOD which if broken could send this into the mid 3's as shorts cover and momentum buyers come in and this finished in the 2.80's so who knows if this will test those highs or just fail at resistance and come back down but I like the odds buying in the 2.60's, this has had two little green days after 4 big red days so perhaps this has room to come back up a little more
|
|||
|
|
||||||
| NEPT | 58.54 |
Multi month breakout pattern
|
This spiked from the 1.10's to a high of 1.43 and came back down to 1.25 bouncing off that twice in the morning before steadily climbing to the 1.30's all day. The breakout was above 1.25-1.30 so it did hold those areas nicely and finished near it's highs and this could spike tomorrow so risking off those levels could be an option but also can be a potential long on a dip near those areas. There is long term resistance at 1.60 so this could test that area and have trouble there unless it has more room maybe to the 1.80's
|
|||
|
|
||||||
| CANN | 10 |
Low float pot stock with two red days after a big run up
|
Well my thesis on this was on the right track thinking that the little crack from 2.62 to 2.50 could be a sign for more downside and I should have tried to short this overnight and even on the failed morning spike today which sent this from 2.60 down to the 2.20's. This is now down 10% and under SSR I believe but this could keep fading down to test $2 support perhaps. 5 big green days and now 2 red days
|
|||
|
|
||||||
| CRBP | 27.16 |
Recent runner bounce off support
|
I missed the buy on this right from my watchlist as it held 8.60 and spiked into the mid 9's and even near the 9.78 HOD from yesterday. This came back down and bounced off 8.60 again for 60 cents but then late day cracked it down to the 8.30's but reclaimed it shortly thereafter. This is still a breakout above 8 so this could have another run but the fact that it failed to break yesterday's highs and cracked 8.60 late day perhaps means that this has some downside to it but it was a second green day and 8.60 could be a key area to watch if it holds up this could spike again but if it cracks could send this down to test 8 where it would be a potential dip buy at support
|
|||
|
|
||||||
| VBIO | 9.8 |
Low float Marijuana stock breaking out past it's recent range, it seems odd that this one was a little late to the marijuana sector run up and apparently they used to be a Stevia based company but changed/tried to market themselves as marijuana based
|
This is up from 1 to 1.50's in a few days and is a breakout above 1.30-1.45. This finished at 1.50 and perhaps this could spike more into the high 1's resistance where this would be a potential short
|
|||
ty
Join now or log in to leave a comment