REDG - Finally we have a new PPS play. I liked the price action today and I think REDG has a good chance at running to .25c by next week. Dont expect it to make massive moves each daily but based on todays action, I think .03c a day could be in store. .12c is key support and resistance is at .145c
PLUG - First day into the open gap, could be a bounce/gap fill play here. Watching for a break above todays high. Target would be to fill the gap which is at .25c …Want to see it stay inside the gap. meaning dont go under .15c
SNDY - On watch for a bounce tomorrow. Just a 1 day bounce play here. Target is .06c. I like the fact it came back down but held at support of .0045. Todays candle is a nice bottoming tail and a break above todays high of .005 should trigger a good move to .006.
SMAA - Continues to grind higher straight off our weekend watchlist. We laid out on watch that .09-.11c is our target (previous channel) and it appears to be slowly making its move up to that zone. Good momo here
OPTIONS
CELG - CELG finally broke out of the channel its been in for 2 months. It failed to close near the highs but I still think this name should be on watch for further upside. Ill be watching this again tomorrow to see how it handles the 105 break if it does breakout again. Because today when it crossed 105 it got rejected pretty heavily. So clean break of 105 and Ill hop back in 105 calls.
DIA - It has been quite a battle between the bulls and bears this week. If you have been trying to short the market this week your probably a very frustrated person going into friday. It has been very tough to trade. However today DIA closed right at the dead lows as the market got washed out into the close. If you look at a daily candles DIA came within .64c from all-time highs of 141.95 . Yes you read that right. Very close to all-time highs on the DOW. But the fact that todays the move into the 141s got rejected so hard I think this is yet another signal that a pullback could be coming. I will be trading March 16 or April 140 puts and Ill use todays high of 141.31 as my stoploss.
AAPL - Liking this for another short tomorrow and a possible break of 52w lows of 435. AAPL closed today right at the dead lows as it was rejected again by its 8ma. I will be looking to short a gap up or a 440 crack. If we trade anywhere near 435 I see no reason for that level to actually hold up. My bearish bias will change if AAPL can break above 448.
Remember this is just a watchlist and do not guarantee to be profitable trades. Use your own judgment when making the trade.
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Nice List. SNDY also strong into the close….another good sign