TPL - the price action on this stock today was insane, $185 all the way up to over $230. This stock is very difficult and dangerous to trade, however, as the range on the level two is usually more than 2 dollars. I would take a chance on it if it pulled back down to $208. I would risk down to $200 with probably only about 25 shares, but with the potential upside I think it's worth risking two hundred dollars for a possible six hundred dollar + profit.
BCEI - looking for an entrance at $1.32 risking down to $1.20 for the potential resistance break at $1.50.
GWPH - consolidated just under $104 toward the end of the day so as long as that holds I will take anything under $105 to risk down to about $103.75. Add area would be $107.50 and first area to take profits would be $109.50.
REN- I think being that tomorrow is Friday on a short week that this might still have more room to the upside for more 52 week highs. I would like an entry at $23.75 for the long through $25 risking about 50 cents to the downside.
TREE - straight from Iceman and I like this one a lot so I wanted to include it. Looking for an entry at $99.50 for a push back towards $103. Will be risking about a point to the downside.
CLRB - will take a small starter at $2.75 risking to yesterday's low of $2.41. Really looking for this to hold the $2.60 area as support, so I will add there if that is the case. I will also look to add into a break of $3 for a move towards $3.20.
For those who have viewed the few watchlists that I have made, I tend to trade both low float stocks and or stocks that have larger ranges. I don't really care for the prices as long as the stocks can move and has decent volatility. I actually prefer the more expensive stocks because it forces me to play a smaller size and actually let the position work for me. I have a problem with oversizing into more inexpensive stocks because the ranges are usually smaller, but I am slowly getting to point where I am taking less and less risk on each trade.
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