This is the first watchlist that I have decided to post. Only 4 stocks but with school, I don't have enough time to have 10- 20 stocks on my watchlist. I'm shorting 2 of them (GBSN, MGT) but the other 2 are potential breakouts.
PRGN: Spiked a lot yesterday but couldn't top 2. Watch for short squeeze at 1.95. Usually does better on the second day(today). Buy at 2.04 on good volume and look to sell around 2.45-2-75. Doesn't have any catalyst so volume is essential for this stock to break out.
GBSN: I'm shorting this perfectly at 2.78 right near its 2.8 multi day resistance. This is a horrible company that has had multiple supernova plays. It is down 10 cents after hours to 2.53. Aiming to cover at 2 support however if it cracks that, I will cover at 1.53.
MGT: I'm in short on MGT at 3.17 with 125 shares. Looking for a drop to high to mid 1s. Cover at 1.6. Has resistance at 1.5 and might have small resistance at 2. Although this had an up day (dip buyers?) it's just a matter of time until it crashes.
KOOL: Intraday support at 3.6 and 3.55. This has spiked many times in the past. It has resistance at 4 and 4.2 and major resistance at 4.3. If it breaks 3.7 resistance, it will get to at least 3.9 and if it has at least 100k volume will reach 4.2. Buy on market open with good volume and look to sell at either 3.88 or 4.17 depending on volume.
Hopefully my watchlist helped at least someone out. Please leave feedback/suggestions.
Posted May 20, 16 1:24 AMbyara_vardanyan
Received 1 Karma
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