MYSZ- low float stock trending above 20/50 day moving averages. Short interest increase/decrease 88% 0.1 days to cover.
This is another idea similar to BSPM the way the chart looks. I would look for a strong break above the 3's. However, this may be crowded and has a ton a bag holders that are going to look to sell in the upper 3's. At this point if it cannot hold over 3's I may change sediment and look to short. (This is kept in mind) So I feel somewhat of a tight stop in case of a strong move either way, and if it doesnt work then I will move on, but it will be reactive for sure. Long/short I feel there is a trade in there. I am only leaning bullish because of the market we are in and a lot of crap is running these days.
There could also be a strong wash out of the gate which could be a emotional reaction and that this point I may dip buy with a small position to see if it regains trend then scale into size. Just a idea at this point tho.
In no way is this a 100% prediction and you should have your own plan and not follow others. This is just a idea that I may or may not trade depending on how it looks in the AM this Monday. Hopefully its simple enough to help others when looking at charts to formulate a plan with a risk/reward in mind.
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