We had a crazy week behind us and I hope for even more volatile weeks ahead, because it brings us oppertunities for profits. Volatile stocks are also risky but everything in life is risky and without risk there is no profit. The markets are pointing to a flat open and that means we wont know where they will be heading so be careful. On to the watches
CLRB- On friday this almost quadrupled and had a crazy day which hopefully everyone took advantage of. This stock is still being pumped. I would be very scared of shorting it. Atleast not before it shows signs of big weaknes. It is trading premarket on decent volume meaning this will have eyes on it today and I think this will have long plays in it where we can set the risk from premarket lvls. The 3.30 - 3.50 lvl seems to be strong , if this can hold to the 3s in the open we can have a long. My deal play is a small selloff in the start and than ramp back r/g for a nice long with set risk.
XNPT- Should be a stock to watch, it has launched an investigation about the fairness of its stock price and is gapping up big. Take a look at it and the chart it has some resistance in the 6.50 and 7 but not huge. Will look for volume and see if it tries to spike for a long if not, and if failed follow through momentum just find the first lower high to set risk of of and short it.
PTCT- Crazy biotech that can go very crazy if it gets the right attention. Had a big day friday on basically sympathy from SRPT which has a huge decision from the FDA on May 26. This can run it and this has yet to start trying to fill the gap from a couple months ago. Will look for volume in open if not than wait for it to pick up and ramp back r/g if weak open ofc. Doubt this can have some sort of very weak day.
ORIG- Was on my scan couple days ago. It had its earnings conference call and gapped up big but couldnt hold its gains and just dead the whole day grinding down from start to end. IMO weak open and ramp back up r/g. This could have a nice trade in it with set risk of the prior pivot lvls. Just draw a line through the last 10 days at about 2$ a share. You will see it has been around that lvl in a channel. if it holds that lvl after open today I might look to go long.
Im still waiting to see the big down day on SYNC it has tried so hard to spike but nothing. MGT is showing premarket it might want to try and spike so keep it on radar. PRGN still there had a big down day friday but you never know with this stock.
TAKE CARE GUYS. BLOG POST COMING TONIGHT about my simple way of looking at trades that might help some other people. GL AND TRADE SAFE
Good stuff man, nice consistency as well!
thanks alot
yes. learn and slowly get into it dont rush into anything.... paper tradee
I'm sort of learning this cool stuff and the more i see this. Eventually it might be the new norm for me
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