SBES and BLIN are my over the weekend holds for sells into morning spikes on Monday. SBES I bought into the close. Should have bought when I noticed it around noon. Chased this a little bit so will sell into any spikes or cut losses quick. BLIN I bought after hours when earnings came out and it spiked to $2.69 and dropped back down. I caught the bottom at $2. This is a current runner, up on news and now earnings are out. With holiday trading next week, I am looking for noob traders to see the earnings and spike this stock up. Who knows, maybe over eager short sellers will see that it is up and cause it to squeeze as well. Goal is 10-20% and sell into morning spike or a good premarket spike.
What I have on watch this week are:
SAVA and ONTX are both strong FGD with good volume and on verge of a BO. Both are at the top of the range now so ideally it dips down to support levels but could very well see continuations and possible supernovas as this is the season.
LLEX is up on 8K CEO news and received compliance notice so expect it to be boosted to regain compliance by either pump or reverse split if that doesn't work. But is it bouncing off support and could very well spike higher with volume and news but ideally a morning panic as it is on it's 4th GD.
CYDY had a huge gap up and closed at support. Breaking new highs but seems over extended now. If volume keeps up, it could supernova as well but would prefer the morning panic. if it holds this support area, it should continue on but if it waivers, it should panic.
PTI is primed for a break out in the next day or 2 if it keeps consolidating. $2.84 is a key level to watch for BO as it could spike and fill the gap from last week. Possible January effect since down over 50% off its highs.
These are all based on what I have been realizing while studying the chart patterns, key indicators and everything else we are being taught. I was focusing too much on the little things like feeling like I have to trade daily and getting lost in all the noise. These ticker patterns are setting up nicely for what we are being taught to look for and that is what I am doing. Waiting for the best setups. Studying the past chart history and seeing where, if any, are they on the 7 step framework patterns. this is what Tim keeps talking about when he says be meticulous and be prepared for these setups and patterns to play out. I don't have to be in every single trade along the way, I just have to recognize the patterns and be ready for when the pattern plays out whether it is an OTC FGD breakout or an OEGD ready for a morning panic. it is making so much more sense to me now.
Good post. You just copied my own list :) LOL. I would add PCG for shorts and YTEN for Long (went to a new high)
@primenyc Thank you. I appreciate it. I am not short biased so not looking at those and YTEN doesn't have a good setup. It was on my list but not ideal for me.
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