Hey everyone,
I thought I would go ahead and do my first ever watchlist post, so here we go:
I'll keep it short and sweet for you guys, since I don't like to watch too many stocks since I trade during school. Anyway, tomorrows two stocks on my watchlist are $CDRB and $BSI
$CDRB was friday's morning spiker, and that's always a reason to watch a stock the next day. It is a % gainer as of 4:00 P.M today. I'm not counting on a spike, but the stock sure does bounce nicely. Tomorrow's plays for $CDRB would include watching the RSI and buy in if it's under 30, and testing previous support. The "overbought" RSI would then indicate that the stock would increase in value, being a classic dip buy procedure.
$BSI also spiked friday morning, is a pre market % gainer, and news was released earlier today about "Alon Blue Purchasing Blue Square Real Estate" blah blah blah. Penny stocks are volatile on news, so I would definitely look to short this stock on the possible spike. $BSI also bounces, but it bounces quite low, so if I miss the short, then I will definitely go after a dip buy based off of volume, support, and RSI.
U have a Readers Digest style, to the point easy to follow... keep it coming!
Good article, to the point and infomative!
Yup, great watchlist bro! Love it!
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