TICKER

SETUP

PLAN

$OPTT

Potential long over break of a/h hod, or possible dip buy     

News of Japan lease deployment deal for this former super low float supernova. Popped quite a bit a/h from 1.80s to 2.58 before settling at 2.42.  Quite of bit of resistance in mid to high 2’s, but ~17% of 1.73m float short, so def squeeze potential w/ good volume and momentum. Would look to go long on break of 2.58, or more ideally dip buy in low 2’s.  Not the best set-up or news, but decent low float potential in this market.

$AKTX

Possible cup and handle 52wk high b/o

Another low float crowded w/ shorts.  Went on major run in last few weeks from 6’s to 22’s, before fading back to low 12’s over a 4 day period.  Had been working it’s way back up, and ran Fri, but got stuffed just short of 52 wk high, forming nice cup on day chart.  Consolidated in mid 20’s.  Possible buy if can b/o above 52 wk high.  Moves quickly so must be nimble, and would take conservative position, as support levels are quite spread out.  

$SNGX

Possible long and possible short depending on volume and price action

Ran 3 days ago big p/m on news, from 2s to 5, before getting stuff pretty hard and fading back to low 3’s all in day one.  Day ran back up to low 4’s before getting stuffed, but still finished green on the day. Fri ginded up all day and finished just below day 2 high of 4.18.  Actually got up to 4.28 a/h fri.  Would look to go long with a clean break of 4.20.   Would also look to short a gap down or pop towards 5. Not my favorite set-up, and lack of long/short certainty prob enough to dissuade me from taking position. Float 23.7 mil, so not super low like the others in this list

$CBLI

Long if price action is right

Huge low float runner has had two consecutive red days now, but still closed in low 4’s which is still a higher low compared to the first 3 days of this run.  Hasn’t totally collapsed yet.  Might take speculative position if can break the steady downtrend of the last 3 days.  Doubtful though. 

$CARV

Short in mid 6’s

Overextended on no news that I could find, but did have unusual volume on Fri, popping after gap up from high 3s to 6.60, before fading back to mid high 4’s.  Actually curled up heading into Fri close.  Would look to go short around 6.50ish w/ risk at Fri hod at about 6.60. Tiny float 1.37 mil.