FLPC - tweeted this one intraday when it was traded at .011 and it went on to run to .0165 and then it closed at .014 and looks like a run to .02c is in the cards. Sub penny to penny cross plays are one of my favorite plays and FLPC liquidity is awesome. Needs to break .0165 and hold .012 for support, if it does that it might hit .02 tomorrow.
ABKFQ - Q’s have been hot as of late and this is the next runner in the Q space in my opinion. Just had back to back strong volume days and if it crosses above .0475 tomorrow that should trigger the move. Resistance at .062c then nothing til .10c
AAMRQ - Bull flag on the daily and might see yet another move higher as these Q stocks continue to get chased. Looking for a 4.25 breakout tomorrow and a $5 magnet target
KBLB - Broke above that rising wedge with strong volume today. Looks like a break to 52w highs is in play. This is a former multi-day runner and it could see a repeat type move this time around
LQMT - Great breakout today of a descending triangle with strong volume. Resistance at .14 and thats where my target is. Stoploss is at .09c
WDDD - new 5 yr highs today and is a blue sky breakout. this is also a former multi-day runner . in Jan it ran .15-25c. In Feb it ran .25-44c …And now looks like it could run again. I think .60c is a good target based on past moves on WDDD. Support is at .42c
PLUG - We mentioned this one last week for potential gap fill play and now it has filled the gap but based upon todays strong action and the fact it closed at the HOD I think a move to .35c is still very possible. The chart does have alot of candles that are around .35-40c but none of them really have any volume so I dont see much resistance on PLUG. Either way, stocks cant run forever so .35c might be a spot where PLUG starts to stall out.
OPTIONS
S - I have been talking about S for little over a week now about this wedge pattern that was getting really tight and finally today S broke out. This stock could see a really powerful move in the next few weeks. This week I am target 6.40ish but over the next month or so a move to 7+ could be in the cards. The next major resistance is 6.45 (2 year high) but after that there is nothing til 7+ but you have to go back many years to see that zone. If you look at at 2yr chart there is a cup and handle pattern . The depth of the cup is about 2.50 so that would give us a measured move to 8.50 but that might not happen until later this year….takes time.
AMZN - On watch for a snap back trade for tomorrow. Just had 5 straight down days but today closed pretty strong and well off the LOD. Could see a move back over 260 tomorrow much like what GOOG did this morning.
GS - Watching this one for potential breakdown. There is heavy support at 147.50-147.75ish on a daily chart and the fact that the 8ma and 21ma are BOTH starting to curl down if that 147.50 level snaps GS could see some serious selling tomorrow . Also the 50ma is at 148.30 so again, if that gives up support tomorrow the more downward pressure GS will see. 143.50ish would be my target for the flush. Must break those levels I mentioned before I enter. It very well could bounce tomorrow and if it does I just wont play it.
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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