CONN: Big break away gap on this stock this morning moving through the declining tops line and trading up as high as $11.30 before closing at $10.90. The $11.30 level is overhead resistance. If the stock can trade up through that resistance then $12.50 is the next level. With shorts, 17.4 days to cover, it could add a lot of momentum to this trade.
TTMI: Stock is in a long term up trend and today at the lower level of the trend line it popped up through both a declining tops line and lateral resistance. It traded as high as $17.24 closing at $17.06. It needs to break through $18.00 with $20.00 as my price target. Shorts 9.9 days to cover so could add some momentum to the trade.
CALI: Stock popped today in the middle of the day from $1.85 to a high of $3.60 closing at $2.85. I was looking to short the stock but there was no real set up pattern for me. But, with all that over head resistance in the $3.50 area it should have been a lay down. I will be looking to short any pops tomorrow on this stock back into the $3.50 range.
ZENO: Stock appears to be in the distribution phase of its pump. It did trap shorts to day and squeeze to $2.20 before backing off closing in at $1.45. I would be looking to short any pops back to the $1.75 level. The stock is up from $.10 and I expect it is headed back to that level.
Nick - No
CALI is currently at $3.80!
@Turbobob How do you come with your watch list? And what if non of the trades on your watchlist happen, do you not trade for the day or...?
Ash: I use scanners and look at a lot of charts. If nothing on my watch list is in play, usually there is a play that is hot premarket that I will trade.
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