Longs
ABUS: After breaking out of its base the stock traded up to $7.85, flagged, popped out and traded to a high of $8.25 and wedged. Today it popped to the up side of that wedge trading as high as $7.90 closing at $7.70. Over $8.25 and I have a price target of $9.00 and then $12.00. Short ratio 3.6 days to cover.
AKTX: Last month the stock spiked to $12.00 and then pulled sharply back and into a descending sedge formation. It held support around $6.00. Today it popped out of that wedge formation and traded up to $8.65 closing at $7.40. I would look to go long over today's high with $10.00 and $12.00 as price targets.
ARDX: Stock was in a long term base pattern and rose sharply higher after hours trading up to $9.00 on positive drug news. It has retraced about 50% of the gain but will be one to watch in the morning Probably over $7.50 and it heads back to $9.00. Short ratio, 4.2 days to cover.
BIOP: A bitcoin space stock in a strong rising channel. It did trade up strongly today to $11.17 but closed near the bottom of its range. But it is on the lower edge of the up trending channel. If this line holds in the morning I would look to go long with targets of $11.00 and then $14.00.
CLSN: Last week the stock spiked up sharply trading as high as $6.05 and then three days of pull back in a descending flag formation. The last three days have been up days and today the stock traded near the high to $5.85 closing at $5.84. I would look to go long over $6.05 with $8.00 as the price target. Short ratio, 4.9 days to cover.
FENG: Chinese stock FENG popped out of its descending wedge formation trading up to $6.47 before closing at $6.45. It looks like it is starting wave 5 of a 5 wave pattern. It needs to get over $6.72 to get my interest with $7.50 and $10.00 as price targets.
I: Last week this stock broke out of its base and traded up to $6.50. Since then it has been forming a bull flag and today traded as high as $6.88 closing at $6.86. It is at the top of the channel but if it accelerates then $7.50 and $10.00 are price targets. Short ratio, 7.2 days to cover.
MIME: Stock keeps bumping up against $30.00 resistance. Eventually it is going to break through. When it does, I think we could see a nice pop on this stock with a move to $34.00.
NTNX: After popping out of its wedge formation 2 days ago, the stock trade to a new recent high at $26.75 closing at $26.66. It seems to fail at break outs so I will be looking to dip buy on support of the trend line. I'll be watching around the $26.55 level in the morning with $28.00 as a price target. Short ratio, 4.9 days to cover.
VYGR: Stock has been a strong rising channel trading up to $23.00. It then had an orderly retrace and today moved strongly out of the wedge trading as high as $24.25 closing at $24.00 Over $24.25 and the next resistance will be $28.00 (top of the channel).
ZYNE: A stock I put on as a swing trade today as it forms an ascending wedge formation. It traded up to resistance today at $10.64 closing at $10.37. If it can get through the lateral resistance at $11.25 we should see it fill the gap to $13.00 and then $15.00. Short ratio, 4.1 days to cover.
Shorts
CATM: Long term down trending channel that drops sharply, forms a bear pattern and then drops sharply again. It looks to me it is the start of one of its sharp drops. I will look to add to my short swing (April at $41.90) below $24.00 with $23.00 and $20.00 as price targets.
DKS: This stock broke down out of the bear flag it was forming trading as low as $25.19 closing at $25.30. I wold look to go short under $25.19 with $21.00 as the price target.
Hi Bob, I do appreciate a lot your analyse, but I follow it ... your favorite follower from France, but would you like to explain the concept of short ratio? If you prefer , let me a link . Sorry for this silly queston , but it s mean for me ; like a possibility of short? I apology for my writing , i try to do the best! Anne Kholentanne
http://www.investopedia.com/terms/s/shortinterestratio.asp
http://www.investopedia.com/terms/s/shortinterestratio.asp
@kohl17 https://www.youtube.com/watch?v=XexaKTJ-qQU&t=2s
Join now or log in to leave a comment