Not a fan of new year resolutions and/or setting goals for myself, I'd rather just push to progress further each and every day. Instead, I'll be focusing on discipline and overcoming weaknesses which seem to be, over-trading, hope-trading, and cutting losses quickly. This is the year of shooting for singles and taking the profits in front of me.
#1 $NXTD: This chart has been in a nice downtrend for the last week or so, nice panic today and ended up closing off it’s highs. I am holding 1k shares at 3.63 o/n and will sell tomorrow into morning strength, ideally at 3.95 resistance level. If price action and volume holds up this could easily break 3.95 and gap up to 4.52, possibly even 5.00. However, I won’t get greedy because this year is all about taking singles and minimizing loss.
#2 $HMNY: I am really diggin this chart right now, it broke it’s previous resistance today. If this spikes past the 7.30’s tomorrow it could gap up to the 14D resistance level around 10.00. If this ramps up, I’ll look to take a 500 share position for a swing trade.
#3 $BURG: I think this has a nice long-term chart, steady 3yr downtrend from a whopping 40.00 per share. If this breaks 4.20 resistance level tomorrow, I may take a position w/ goal to sell at next resistance of 5.14. This has the potential to break todays p/m high of 6.20 but that would be a massive move.Take what is right in front of you, don’t chase the rainbow if you want to survive the year with some profits.
#4 $FFRMF: Closed nicely off it’s highs today, possible gap up to the 1.50’s tomorrow but I’d sell there because the long-term chart is crap.
#5 $LTEA: Nice AH consolidation today, this stock is up on news of adding new board members. If this can break 6.52, it’s a possible buy but I’d sell into 7.60ish 1D resistance because the long-term chart isn’t great.
nice list and explenations
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