AMR failed to continue its run. Instead it has pulled back to the 50sma which at 8.19 is a good entry. Watch at the open since selling volume was strong and to see if there is any respect for the 50sma support. If there is none this could pull back to 7.86 or 7.72
RF began its run. There is resistance at 7.24 which has been respected. A break past this could see a run to 7.4, 7.5 or 7.75.
CLS has posted increasing selling volume over the last couple of days. It has respected the recent support level at 6.6 but may break it and run towards the 50sma at 9.28. An entry at 9.28 would be ideal. This would need to break resistance at 9.9 for any significant move to the upside.
QLTI still waiting for signs of weakness as this is overbought and due for a pullback. A gap at the open may be opportune time.
BSQR posted a red candle. Look for a move below the 11.11 low as sign of a pullback. A dip to 10 is possible. Note that it is in a strong uptrend and may continue higher. Watch any gap downs to reverse.
CQP still on watch for a short opportunity. It posted an large green candle on less volume however. Look for a gap up as an entry for an impending pullback.
ACHN doesn't want to quit. However it has posted declining volume with rising prices over the past few trading sessions and a doji. Look for a dip below the 4.27 low as a short entry.
APGA would like to see a dip here to .35
TIV posted a green candle and a run above the 50sma of .52 is possible. Stop at .42
BSDM posted higher volume today but closed flat. Watch for a dip below todays low of 5.15. If not, this may test yesterdays high.
AH has posted declining volume and a doji candle. Look a bear signals like a move below the 7.12 low of the day.
HDY is showing signs of slowing down. Indicators show overbought levels but a push to test 7 may be upon us. A break of todays low of 6.44 may signal a breakdown. A run above 6.84 may signal a test to new highs.
Review from 01/03/11
+ALTH 4.5 - 4.21 short
_PLM 2.26
+SOMX 3.4 - 3.58
+SQNM 7.8 - 7.55 short
-SWS 5.25 - 5.10
_ZF no movement
+VICL 2.10 - 2.24
-SNV 2.77 - 2.75
-CLS 9.93 - 9.84
_WR never broke out
+ACHN 4 - 3.87 short
_HLIT never broke out
+BA 66.72 - 70
+AFFY 6.75 - 7.95
-PNSN 5.12 - 4.95
+RPRX 3 - 2.75 short
+QLTI 7.93 - 7.83
-CQP 22 - 22.6 short
_HDY no entry opp
_PLM 2.26
+SOMX 3.4 - 3.58
+SQNM 7.8 - 7.55 short
-SWS 5.25 - 5.10
_ZF no movement
+VICL 2.10 - 2.24
-SNV 2.77 - 2.75
-CLS 9.93 - 9.84
_WR never broke out
+ACHN 4 - 3.87 short
_HLIT never broke out
+BA 66.72 - 70
+AFFY 6.75 - 7.95
-PNSN 5.12 - 4.95
+RPRX 3 - 2.75 short
+QLTI 7.93 - 7.83
-CQP 22 - 22.6 short
_HDY no entry opp
Watchlist 01/10/11
AMR posted a strong day and is reaching recent highs. Indicators show a bull trend continuing. Look for a possible breakout above 9 and a pullback to 8.75. High call ratio noted in recent article as well.
RF support at 7.02 seems to be holding. A possible breakdown to 6.9 is possible and a bounce is hopeful. This can run to above 7.5 or 7.75. A gap down is possible on Monday. Watch.
DRYS is showing high call volume. Hold.
CLS looks like a buy here. Watch at open.
QLTI showing declining volume here. This may dip hard. Watch at open.
BSQR continue to watch as it is overbought.
CQP should dip back into its trading channel and middle bolinger.
ACHN looks toppish.
FSLR, ENER, ESLR, & SPWRA may run on news that the US passed a law stating the DOD must 'buy american' when it purchases solar panels. This is a large player from the US in solar energy. Look fora run above 7.14 or a pullback to 7.
APGA is being promoted. Watch for a run and DT opp. Entries are at <.25 or >.30 Watch at the open.
RF support at 7.02 seems to be holding. A possible breakdown to 6.9 is possible and a bounce is hopeful. This can run to above 7.5 or 7.75. A gap down is possible on Monday. Watch.
DRYS is showing high call volume. Hold.
CLS looks like a buy here. Watch at open.
QLTI showing declining volume here. This may dip hard. Watch at open.
BSQR continue to watch as it is overbought.
CQP should dip back into its trading channel and middle bolinger.
ACHN looks toppish.
FSLR, ENER, ESLR, & SPWRA may run on news that the US passed a law stating the DOD must 'buy american' when it purchases solar panels. This is a large player from the US in solar energy. Look fora run above 7.14 or a pullback to 7.
APGA is being promoted. Watch for a run and DT opp. Entries are at <.25 or >.30 Watch at the open.
Watchlist 01/05/11
LWSN posted a large green candle on lower volume though. Look for signs of continuation as MACD looks bullish.
CLS is trading in a channel and has posted low volume. Watch for a pullback entry. Support are at 9.76 then 9.63
AFFY riding an interesting support line. Look for a push to 6.75 with a breakout after 6.75. Any strong move below today's low is bearish signal. Note volume was lower than avg.
PNSN is a low volume stock which seems to have broken out of a trend line resistance level. Watch for a continued run. Looks like 5.30's then 5.50 up next. Supports are 5.10 then 5.
RPRX may fill the gap. Short swing play possible.
SOMX above .48 looks like a runner. Look for a pullback entry.
QLTI** looks waaay overbought here. All indicators show overbought levels and candles are toppish.
BSQR in play
CQP pay pullback into the trading channel.
HDY tweezer tops?
CLS is trading in a channel and has posted low volume. Watch for a pullback entry. Support are at 9.76 then 9.63
AFFY riding an interesting support line. Look for a push to 6.75 with a breakout after 6.75. Any strong move below today's low is bearish signal. Note volume was lower than avg.
PNSN is a low volume stock which seems to have broken out of a trend line resistance level. Watch for a continued run. Looks like 5.30's then 5.50 up next. Supports are 5.10 then 5.
RPRX may fill the gap. Short swing play possible.
SOMX above .48 looks like a runner. Look for a pullback entry.
QLTI** looks waaay overbought here. All indicators show overbought levels and candles are toppish.
BSQR in play
CQP pay pullback into the trading channel.
HDY tweezer tops?
Watchlist 01/04/11
PLM this stock has recently tested a resistance level which it could break out from if it passes it. The level is 2.44 and this could make a run to 2.60's if passed. It may pullback to 2.26 or below then 2.16.
SOMX is running and may break if it can pass 3.4 Indicators are mid-line but this stock moves.
SQNM has posted a big red candle on large volume. If this breaks support at 7.8 it may dip hard to about 7.46. This is coming off highs with indicators showing a downtrend.
SWS** looks ready to break. If it breaks resistance at 5.25 it can run to 5.57 the 50ma. Indicators show an uptrend ready. Note this posted low volume today.
ZF posted a big green candle on large volume. Look for this to continue its run and break the recent high and break out of its up channel.
VICL over 2.10 can run, but it posted low volume today.
SNV can break on a run above 2.77. It tried today but failed but may try again. It posted retarded volume though.
CLS** strong green candle on good volume and can run here off the golden cross. Looks like it is resting from an uptrend. Look for a break soon. Can continue its run since it's off year high.
WR watch for a breakout on chart and upgrade news.
ACHN has broken it's uptrend. Look for a pullback on a move below the recent low. Market weakness may also occur which may drop the price as well.
HLIT Did not pullback as expected. Keep on watch for a breakout as it may be resting during its uptrend and break from this flag developing. Note: it did attempt another breakout and failed so a dip below 8.6 or 8.4 may be the end.
BA upgraded and closed above the 200ma. Look for a continuation. Swing trade.
C and MFC look like swing trades depending on market strength.
SOMX is running and may break if it can pass 3.4 Indicators are mid-line but this stock moves.
SQNM has posted a big red candle on large volume. If this breaks support at 7.8 it may dip hard to about 7.46. This is coming off highs with indicators showing a downtrend.
SWS** looks ready to break. If it breaks resistance at 5.25 it can run to 5.57 the 50ma. Indicators show an uptrend ready. Note this posted low volume today.
ZF posted a big green candle on large volume. Look for this to continue its run and break the recent high and break out of its up channel.
VICL over 2.10 can run, but it posted low volume today.
SNV can break on a run above 2.77. It tried today but failed but may try again. It posted retarded volume though.
CLS** strong green candle on good volume and can run here off the golden cross. Looks like it is resting from an uptrend. Look for a break soon. Can continue its run since it's off year high.
WR watch for a breakout on chart and upgrade news.
ACHN has broken it's uptrend. Look for a pullback on a move below the recent low. Market weakness may also occur which may drop the price as well.
HLIT Did not pullback as expected. Keep on watch for a breakout as it may be resting during its uptrend and break from this flag developing. Note: it did attempt another breakout and failed so a dip below 8.6 or 8.4 may be the end.
BA upgraded and closed above the 200ma. Look for a continuation. Swing trade.
C and MFC look like swing trades depending on market strength.
Watchlist 01/03/11
FLMG is a recommended pennystock that seems to be in a symmetrical triangle. Watch volume and look for a breakout over the next few days.
MRVL has just bounced off the 200ma. Look for a continuation if it can break 18.6 resistance. The next significant resistance would then be around 18.9. Stochs and RSI show bullish formations. MACD shows some weakness, but a reversal is not out of the scenario.
SNSS has been mentioned in chat rooms since it has been making moves. It is approaching the 200ma. A pullback to below .49 and this stock may dip to .45, a pullback entry. However, a run above .53 could see this stock running above the 200ma again.
CDY is really trending upwards. The stock looks overbought but is trending. Look for a pullback to 2.10 as an entry. Volume was strong recently.
RAME is also trending upwards and needs to break 1.86 a key resistance level. This is doable, but look for a pullback to 1.8, the 200ma.
ALTH has been trying to break a 4.7 resistance level. A res level of a channel it is in. If it can break it it may run, however, if it dips below 4.5 on strength then it may dip significantly. Indicators are in mid-line.
MRVL has just bounced off the 200ma. Look for a continuation if it can break 18.6 resistance. The next significant resistance would then be around 18.9. Stochs and RSI show bullish formations. MACD shows some weakness, but a reversal is not out of the scenario.
SNSS has been mentioned in chat rooms since it has been making moves. It is approaching the 200ma. A pullback to below .49 and this stock may dip to .45, a pullback entry. However, a run above .53 could see this stock running above the 200ma again.
CDY is really trending upwards. The stock looks overbought but is trending. Look for a pullback to 2.10 as an entry. Volume was strong recently.
RAME is also trending upwards and needs to break 1.86 a key resistance level. This is doable, but look for a pullback to 1.8, the 200ma.
ALTH has been trying to break a 4.7 resistance level. A res level of a channel it is in. If it can break it it may run, however, if it dips below 4.5 on strength then it may dip significantly. Indicators are in mid-line.
Watchlist 12/30/10
GEL upgraded. Has support at 26.25 and broke the recent high of 26.45. This run may continue on the upgrade and strength. MACD shows upside, while Stochs and RSI show overbought levels consistent with a breakout.Has recently broke out of a symmetrical triangle, a continuation pattern. Watch at open, look for a pullback entry since volume is lower than average.
MR upgraded and recently gapped up. Has resistance at 27 and support around 26.5 then 26.27 or the 20ma. Look for a break above 27 on volume, however a morning pullback to the 20ma may be a good entry.
RNOW upgraded and has posted a big green day. It may continue its run but has resistance at 23.37 then 23.9 the 20ma. There may be a pullback to the 12ma 23.16 which may be a good entry. Look like it broke out of a down channel as well.
VIV upgraded and has posted new 52 week highs. It also seems to have broken out of an upward trading channel. MACD shows upward continuation however other indicators show overbought levels which may be indicative of a breakout. Support is at 32.81 then 32.13. A slight pullback to the recent support may occur which would be a good entry.
CSUN look for this to bounce as it has reached a support level here. Indicators show oversold levels and a doji has formed at support. Volume is also a little flat and it was recently upgraded.
HLIT should tank soon. Volume has decreased, RSI and MACD look toppish. Look for a run to 8.75 before a drop. Support is at 8.55 then 8.25.
ONP Look for this to bounce off the 50ma of 6.14 with a run to .22 or .49. NOTE: it has accounting issues so a break below the 50ma may mean a short opportunity with supports at 6.04 then 5.76
UMC looks like a golden cross is imminent. It also looks like an pennant has formed with a breakout imminent. Indicators are mid-line with Stochs oversold.
COP, FIX and PBR watch for pullbacks, however PBR may break the 200ma and turn it too support.
TRE watch for a break.
MR upgraded and recently gapped up. Has resistance at 27 and support around 26.5 then 26.27 or the 20ma. Look for a break above 27 on volume, however a morning pullback to the 20ma may be a good entry.
RNOW upgraded and has posted a big green day. It may continue its run but has resistance at 23.37 then 23.9 the 20ma. There may be a pullback to the 12ma 23.16 which may be a good entry. Look like it broke out of a down channel as well.
VIV upgraded and has posted new 52 week highs. It also seems to have broken out of an upward trading channel. MACD shows upward continuation however other indicators show overbought levels which may be indicative of a breakout. Support is at 32.81 then 32.13. A slight pullback to the recent support may occur which would be a good entry.
CSUN look for this to bounce as it has reached a support level here. Indicators show oversold levels and a doji has formed at support. Volume is also a little flat and it was recently upgraded.
HLIT should tank soon. Volume has decreased, RSI and MACD look toppish. Look for a run to 8.75 before a drop. Support is at 8.55 then 8.25.
ONP Look for this to bounce off the 50ma of 6.14 with a run to .22 or .49. NOTE: it has accounting issues so a break below the 50ma may mean a short opportunity with supports at 6.04 then 5.76
UMC looks like a golden cross is imminent. It also looks like an pennant has formed with a breakout imminent. Indicators are mid-line with Stochs oversold.
COP, FIX and PBR watch for pullbacks, however PBR may break the 200ma and turn it too support.
TRE watch for a break.
Subscribe to:
Posts (Atom)