Gold may have reversed today and JNUG made a huge engulfing bar. Through $20.00 and we could see $24.00
CERC: Junior biotech in an up trending channel has broken out of the flag pattern and been up the last three days. Today it traded as high as $3.79 closing at $3.52. It needs to trade through $4.25 to go long. But $5.75 is my price target.
COLL: Stock continues to soar. It met my first targets trading up as high as $26.77 today closing at $25.73. This appears to be wave 3 of a 5 wave pattern. It is at the top of the channel and close to my $28.00 target. I would like to see it consolidate in here but if it breaks through $28.00 then $30.50 is the price target. Short ratio 7.5 days to cover.
CRBP: Stock has been in a wedge formation/consolidation for the last 8 months and today finally broke through lateral resistance to trade as high as $9.25 closing at $9.00. Stock is not very volatile so more of a swing trade but it looks like it is on its way to $10.25 and then $15.00.
DRNA: A stock I have been writing about lately as it has been forming an ascending triangle and trying to break to the up side. Today it did. It traded as high as $11.19 closing at $10.94. I would look to go long over today's high with $12.00 and $15.00 as price targets. Short ratio, 3.6 days to cover.
FATE: Two days of strong moves trading right up to my target at $10.00 from the $7.50 entry level. It may have to consolidate in here with over head resistance. But a punch through $10.00 with momentum and $12.00 and $14.00 are targets.
HBIO: Stock was up on acquisition news that Wall Street seemed to like. Stock traded as high as $4.50 closing at $4.35. It did break through lateral resistance at $3.90. Next resistance comes in at $5.10. After that $6.90.
FOLD: A stock I have been following for a long time. After trading up to $17.00 late last year the stock had an orderly 5 wave corrective and making a double bottom around $12.00. Since then it has held the up trending channel line and today popped through lateral resistance trading as high as $17.40 closing at $17.12. I would go long over today's high. It has resistance at $18.00 but the top of the channel comes in at $24.00. Short ratio, 10 days to cover. So if the momentum stays strong and shorts get squeezed we could see a nice move.
HTGM: A stock I wrote about the last few days broke out of the flag pattern and today traded up to resistance at $4.50 closing at $3.90. I would look to go long over $4.50 with $6.00 and $8.00 as the price targets. Short ratio, 3.8 days to cover.
IMMU: Another stock I have been writing about and today it broke out of the wedge formation and through lateral resistance. It traded as high as $18.20 closing at $18.11. I would look to go long over today's high with $22.00 (top of the channel) as the next price target and then $26.00. Short ratio, 9.3 days to cover so if this momentum continues shorts could get squeezed.
MRTX: A stock I was writing about with a $20.00 entry level now $traded to $27.95 closing at $27.70. It is forming an ascending wedge here and I would look to go long over $28.00. First price target is $30.00 But as a swing, we could see this stock in the $50 range.
VUZI: After trading up to overhead resistance at $10.00 it pulled back and held support at $8.00. Yesterday it popped out of the wedge formation and today had flow through trading as high as $9.95 and closing at $9.95. I would look to go long over $10.00 with $13.00 as the price target. Short ratio, 7.3 days to cover.
@Turbobob129
Thanks Bob, always helpful
Nice call on VUZI (watching it break 11 dollars at the moment). If you had gone long this morning at 10 would that big red bar 7 minutes in have stopped you out?
No, Below $9.80 was my stop
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