So I've been away from home for last couple of weeks, in a conference abroad. With limited connectivity and time I couldn't get to my usual trading plan preparation routine.
Now that I'm finally back, here goes:
|
Bias |
Grade |
Ticker |
Details |
Plan |
|
Long |
2 |
VTAE |
· Up on + drug trial results (~ doubled) · Choppy · No long term support regions · 8.15-8.30 resistance region |
· This is a potential dip buy, but I haven’t the slightest idea where the dib is going to be. My best guess so far is 6.50 region. In that case I’d buy for an uptrend back to the 7.30s. |
|
Long |
2 |
CPXX |
· Up on billionaire stake (6.5%) · Down-trended for the last 2 days · Top @ 10.20 · Support @ 8.10-8.15 near term. Lower support @ 7.25 |
· Potential dip-buy @ 8.12 if it holds support. I expect it to up-trend around 30-50c. |
|
Short |
3 |
CBDS |
· Resistance zones @ 1.95-ish and then clearly @ 2.45 · 1.55 is short term support |
· If this spikes to the 1.90 region, I’ll short for a drop back to the 1.50s. I have ~10c of risk, and 30c reward. |
- WATT & TITXF are spiking, but both have severe crashes intra-day. I don’t know yet how to trade them based on the price action.
Some of the other stocks in Tim's watchlist, I didn't actively plan for. The ones I describe above are the tickers that made the most sense to me.
Do you agree with my analysis? Let me know in the comments.
Join now or log in to leave a comment