Top Watchers EVOK, BLDP, BCRX.

High of the gap down Breakout Strategy – you take the high of a stock that gapped down to new 52WK lows, once the resistance breaks from the high of the gap down, the stock is known for having a huge breakout 20-50%+ the same day, for example, the high of the gap down on EVOK is $3.60, there is no resistance until $10.10 so there will be a big breakout due to no resistance, big breakout, volume, bulls are control, Now the bigger the volume the bigger the breakout, you then have to find intra-day resistance levels and sell on a pullback to play it safe or hold further risking your winnings.

EVOK – Low floater that is Heavily oversold, I’ve been waiting for this to bottom since the huge gap down. Today EVOK bottomed at $1.56, as volume surpassed the 10 day average 2m+ we saw a $1.80 breakout which was major resistance / triple top, I then bought EVOK @ $1.88 4K shares and held overnight, I bought the breakout due to the bottom, bull trend, broke major resistance / triple top, and EVOK was heavily oversold as you know… I set the PT @ $2.40 EVOK closed strong at $2.05 then ran to $2.36, bulls are clearly in control and this is the first green day since the gap down from $10 to $1.50, potential to be a big multi-day runner and I’ll try my best to maximize my position. Since the bottom bulls have broken through resistance levels like they were nothing, and has not had a pullback since, Here’s my analysis for tomorrow, If $2.40 breaks this should run to $2.90, $2.90 is major resistance if $2.90 breaks expect a run to $3.60, Now $3.60 high of gap down breakout, there is no resistance levels after $3.60 meaning if EVOK breaks $3.60 it will have a huge breakout 20-50% in just a few hours, now the key to these breakouts to be smooth, and reach the price targets within hours rather days is to have the volume above 2M,  you can expect a crazy breakout once the volume is above 5M, I’m bullish for the next few days and will try my best to maximize my position.