Indices were off sharply today as a result of President Trump's new immigration policy. The indices gapped down and sold off sharply. But then they did find support and made an orderly 5 wave recovery with close to a 50% retracement from Friday's close. But, this is a typical pattern and I would look to see the market sell off again tomorrow.
CALA: Stock gapped up strongly on contract news. It had been forming a base for the last 6 months and in early January broke out above resistance and trade up to $5.00. Today it opened above the next resistance level of $6.00, traded as high as $7.25 before closing at $6.75. This is a $.05 tick trader so not as clean as trading others. But if it can trade through today's high next resistance is at $9.00.
CARA: Considering how bad the markets were today, CARA had a great day. It opened weaker but traded up through my entry level of $14.09 and traded as high as $14.60. It did pull back and closed the day at $14.18, up slightly on the day. If it can get through today's highs then $17.00 is the target. Shorts, 4.4 days to cover.
CRNT: Stock traded up to the descending tops line but closed right near the top of its trading range today. If it should break out above $3.85, then $4.25 and $5.00 are my targets.
CVEO: Stock had made a massive reverse head and shoulders pattern and recently broke above the neckline. It had a big pop last week trading up to $3.56. It then had an inside day on Thursday. Today, it made a nominal new high at $3.60, closing at $3.53. A break above $3.60 and the next resistance is $5.00 and then $5.00.
SGYP: The stock has snapped back the last 4 days from its recent sell off. It closed at the top of its range today at $6.54 but right on the declining tops line. It needs to trade through $6.88. $7.75 is my price target. Shorts 4 days to cover.
GIII: I shorted this stock in the past and now it is trading right on the support level that was my short target. It is a terrible long term chart. I would look to go short below $25.00 with a price target of $20.00 and then $18.00. Shorts 9 days to cover.
Didn't receive it. What is your email address?
Thank you for your good work done
can you send a test email to bitranaveen@gmail.com
CARA beautiful today
Join now or log in to leave a comment