BZUN: Chinese retailer stockrecently broke above lateral resistance at $17.00 and has been forming a wedge pattern with a high of $23.56. At the apex of the coil it broke through to the up side trading as high as $22.95 before closing at $22.78. If this stock trades over the recent high of $23.56, then my price target is $27.00
CALA: This is a very strong chart. Stock popped out of the consolidation pattern it was forming over the last month trading as high as $17.70 before closing at $16.30. I'll be watching for a trade over $17.70 with $21.00 and $25.00 as the price targets.
CGIX: Stock recently traded to a spike high of $5.28 and has been forming a wedge formation ever since. Today, at the up trending channel line and apex of the wedge, the stock popped to the up side trading as high as $4.35 before closing at $4.15. If this is the start of the next wave up then I will be watching the price action around today's high. If it can get through $5.30 then $6.00 and $7.00 are the price targets. Short ratio, 6 days to cover.
CONN: Stock came off sharply yesterday after earnings were announced. But what an island reversal day. The pattern is very bullish. The stock traded up to $18.98 and closed at $18.85. I would look to go long over $19.10 with $22.00 as the price target. Short ratio, 8.8 days to cover so could add momentum to the trade.
FORM: Semiconductor stock that has come from $4.00 in the past year to $15.00. Today the stock broke through lateral resistance at $15.00 and traded as high as $15.45 before closing at $15.35. There is lots of room for it to move if it breaks above today's high with $22.00 as my first target.
HOME: Recent IPO that broke through to new highs in April. Since then it has been chugging its way higher. Today, it bounced of the lower trend line support and exploded into new high territory trading as high as $22.58 and closing near the top of the range at $22.53. Stock is most likely over bought but if the momentum continues then $25.00 is the price target. Short ratio, 8.8 days to cover so I imagine shorts are scrambling to cover.
PTCT: Strong chart for this biotech. It has been in a tight rising channel since March. But it is trading at the top of the channel and near lateral resistance at $16.50. Today it traded as high as $15.90 closing at $15.47. I would look to go long over $16.50 with the next resistance at $22.00. Short ratio, 7.2 days to cover.
HCLP: Oil stocks and services are getting crushed and this is no exception. Stock traded as low as $11.90 today closing at $11.95. It is at support here but should it break below, I would look to go short. My price target is $9.00.
PE: Another energy stock that I shorted at $28.50 when it broke support and it traded as low as $27.59 before closing at $28.06. I will look to short below $28.00 with adds below $27.59. $24.00 is my price target. short ratio, 2.6 days to cover.
SLCA: Another energy sector stock that traded down to and held support at $33.83 and closed at $34.72. If this stock should break through support then $30.00 is my price target. Short ratio, 3.5 days to cover.
VRTV: Stock looks to be finishing wave 4 of a 5 wave down pattern. It is trading at the top of the down trending channel and trading right at support. If it should break below $43.00 and begin wave 5, then I have a price target of $35.00.
I use 4 different scanners at different setting plus I look at a lot of charts.
OILU and OILD are the 3x etfs. while you are making judgements on oil might as well go look at these. but they are very illiquid
Definitely following the Oil Bear ETFs
$FORM just came out with pos news release....I may buy this a/h and sell into spike tomorrow morning
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