AMPE: After a 5 wave advance with a spike high to $5.00 the stock has pulled back and consolidated for the past month. Today it broke through lateral resistance at $3.20, traded as high as $3.57 and closed at $3.29. I would look for a good entry level on this stock with a retrace to $5.00 and then $7.00. Short ratio, 18.1 days to cover so it could add momentum to the trade.
AQMS: Stock came from over $20 down to under $1.50. It spiked down with an island reversal and gapped higher yesterday. Today it had a big follow through trading as high as $3.24 before closing at $3.00. It broke through lateral resistance, the declining tops line and the 50 day moving average. I would look to go long over today's highs with $4.25 as the price target. Short ratio, 18 days to cover so could add momentum to the trade.
CBAY: Stock continues to trend higher, gapping off the lower edge of the up trending channel line trading as high as $13.79 (all time high) and closing at $13.50. I will be looking for an entry opportunity with $14.50 and $16.00 as price targets.
CLVS: Stock has come down from $95.00 in a 5 wave down move and looks to have made a reverse head and shoulders pattern on the 15 minute chart. Today it broke through the neck line (and lateral resistance and traded as high as $54.96 before closing at $54.76. A pop over $55.00 and I think this stock moves quickly to $58.00. Short ratio, 5.28 days to cover.
EGHT: Last month, after a move to $18.50, the stock made an orderly retrace to support. Last three days it has been up but with a big move today. Stock traded as high as $18.10 closing at $17.75. Look for an entry opportunity in here with a move back to $18.50 and then $22.00 (top of the channel). Short ratio, 4.4 days to cover.
HTGM: Yesterday the stock traded strongly higher out of down trending pattern. but closed mid range. Today was an inside day but closed right at the top of its range at $4.48. I would look to go long this stock over $4.70 with $5.30 as price target and then $6.00. Short ratio, 3.8 days to cover.
INVA: Stock I wrote about when it broke out over the $15.00 level. Today it traded up to $17.21, closing at $16.99. Through $17.21 and I am looking for $20.00. Short ratio 12.1 days to cover.
QNST: Stock has popped out of a wedge formation and traded up to the recent high of $13.25 closing at $12.77. I would look to go long over $13.25 with $14.00 and $17.00 as price targets. Short ratio, 3.1 days to cover.
VECO: Classic 5 wave decline with a selling climax. From there a sharp reversal trading up to resistance. After a pull back, the stock gapped higher today through the lateral resistance trading as high as $18.35 closing at $17.20. I will be looking for an entry opportunity tomorrow on this stock with $22.00 and $26.00 as targets. Short ratio, 7.6 days to cover.
Thanks for the watchlist. any thoughts on $CRNT?
I really like the chart. Needs ti get over $2.65 with volume $3.50 target.
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