TEAR: Float 5.09M- This ran on Friday on not so significant news. Any spike I see I will be looking to short into due to the history of this stock having a terrible time holding its highs. I'd like to see it retest 3.75 or get as close as possible to it before I enter into any position. If it breaks 3.75 with conviction I'll wait for a higher short entry.
DRYS: Float 284K- This ripped Friday afternoon right after its split. I'm not to sure what to expect so Ill be on the sidelines until I see a pattern I am familiar with to form before taking any position.
CYCC: Float 2.6M- This gained about 20 cents from its 52 week low on friday. The offering they had of $15.2 million is closing. Will be keeping an eye on this.
what would the breakout amount be for TEAR? I tried working it out but theres not real resistance I think its called. I think the support is at 3.19 at the moment. is that correct?
you can't really give an amount for how long a breakout can go. Im basing my analysis from the daily chart. There has been multiple breakouts that went up then straight down. The next major point of resistance I can see is around 3.90 to 4 dollars. Charts tend to respect the 200EMA on the daily chart
My list is the same ... thank you to share that !
ah i see thank you, you unless theres a consistent breakout point to where it goes and then fails you cant expect anything
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