SKLN : nano cap, low float. only announced future sales projections and the stock reacted nicely, from .90 to 1.40 about 58% in one day. Has a few spikes in the past but every single one dropped right back down. Could maybe be a dip buy if it falls (back to previous support .90) but then again chart history shows very little bounces off spikes, imo the stock over-reacted to this news . Or maybe if for any reason the news has legs it could test resistance at 1.50 and if it breaks, she's got a road to 1.75 so all in all on the risk .46@.90/reward .39 @1.75 not good. I wont play this one but i will watch, learn, and analyze again maybe I've missed something and maybe ill understand it tomorrow but right now it looks like a bad trade. Maybe i missed the spike, I'll see tomorrow
ATOS : nano cap, has been nicely up trending since last friday 1/26 which after research learned it was upgraded by an analyst with a 1 year target price of $2. With a 29% gap up wed morning (from tues close at .54) (to .70 wed open). Then gained an additional 19% totaling 48% on the day closing at .80. As I'm typing this at 6:35 CST its up another 12% after hours to .90 which is past key resistance in Sept 2017. Based on a report published around noon today there is big anticipation of a conference call tomorrow, talks of accelerated time line to FDA approval, and the ATOS team to share further phase 1 trial findings. She touched prior resistance at .80, if she doesn't get shaky and with sufficient volume she has a clear road to 1.50, and with todays volume of 48.8M this push to 1.50 shouldn't be a problem. Risk / Reward is roughly 1:1 doesn't look well as I've missed large portion of the trend already. Risk being -.57 to .33 key support and Reward being +.60 to 1.50 key resistance. Lots of anticipation tomorrow but i am trying to not have expectations. I will observe and simply play the reaction. I can mitigate my risk by cutting losses quickly so i can theoretically cut a .57 loss to maybe 10, 20, 30 cents/share loss instead, therefore improving r/r ratio.
ENT : low cap, low float, 13% short of float. not sure about the catalyst of this one. ENT looks like an earnings loser but they also became current with NASDQ and SEC filing regs. either way numbers don't lie. Its up 30% on the day with a 13% gap up from tues close at 2.21 to wed open at 2.50 and closed at 2.89 with an HOD of 3.22. I'd give it a 7/10 for volatility looking at the short and longterm chart. It has closed above resistance at 2.83, next is 3.20 then 3.50, with 3.7M in Volume today it could possibly retest the HOD/Key resistance tomorrow. If not, theres some support at 2.25 and solid support at 2. The risk reward isn't there.
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