The market is trying to break to new highs. Lets see how it goes.
Morning Panic / Dip Buys:
VFRM - (69M float) Low volume play, but a drop to 1.20 could be an excellent dip buy opportunity. Because it is low volume, adjust your position size down to maintain liquidity. Don't be more than 1% of the daily volume.
Breakouts / Uptrends:
VRUS - (1.4B float) One of two things can happen with this stock. One, it could find support right here at .031 and start making a move higher. A break above .034 with some good volume could make for a break higher. Two, the stock breaks down and we look for a bounce off .0268. I really don't know which one it will do, but I'm watching the stock as this stock is moving really well despite it's massive float.
IGC - (33M float) Pot is hot again. I think we are going to get another leg up. If 1.65 breaks convincingly it could be a good buy. Look for volume, look for the stock trending above VWAP, and watch for resistance along the way. The 1.60's have been tough to get through, but a short squeeze could bust right through that. The longest I would hold is in to the upper 1.80's. I think the low 1.90's will reject further movement up.
OBLN - (12M float) Pumping their stock perfectly on the .62 bounce. I have been waiting for the .62 bounce for the last couple days. The news isn't fantastic, but there are likely shorts sitting in this stock thinking its GTZ. If the volume comes in, shorts will be covering and it could be a nice FGD play. On watch for volume and upward movement.
BLUSF - (94M float) Strictly a technical chart play. No news catalyst to move the stock. Twitter has some random talk about its drug being ready for phase 2. Whatever, I'm not looking to marry the stock. Broke the 5 year high and pulled back in a channel, but caught support at 1.98. Looking for volume to come in and for it to push to new highs. If the volume comes in, it could make a nice push in to the mid 2's. Expect an offering at any time, so get in and get out quick. No holding.
GCEI - (N/A float) Looking for a break above .08. Volume is light, but these low volume, cheap OTC stocks just like to run right now. Obviously, adjust your position size and adjust your expectations about the amount of money you could make.
Just Watching:
MCTC - (160M float) Big float, low volume mover that is getting in to the CBD industry. Had a break OTC breakout on Friday that I did not get in on. Stock will likely keep rising for the next couple days, but I'm not chasing. Just watching to see if I'm right.
I have others I am watching, but these are my top watches for the open today.
Posted Jun 24, 19 8:37 AMbyTommy_D
Received 1 Karma
I like the way you detail your ticker plans something I need to get better at.
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