Looking to long or short these two for some risk/reward trades.

 

CNAT - I shorted at 5.12 and it dipped to 5.05s, didn't and couldn't break under whole dollar 5, support seemed to be 4.90s which is holding at 5. So I stopped out for a 10 cent loss at 5.2 Friday. My plan is to just go long on this and anticipate the 5.37 break to 5.6 and 6. I would be risking the break of 5.1 for 5.6 potential and 6. A 1:1 risk/reward or better. Daily charts look strong for one more push before some type of pullback correction.

 

LTRX - I feel like this can keep squeezing, but it's running out of gas and head towards resistance at 6. So I am going to be patient and see if I can get in for a short above 6 if it can get there. Then again, it is trending very strong and keeps squeezing shorts, possibly can reach 6.5s. Could go long with a stop at 5.5, but during the end of the day, there were big sellers up top during the end of the day. Possibly accumulating, which makes me want to short this for a correction.