Watchlist for 4/3/14

NVLX - Broke out of its descending triangle today and went on to close on the highs. Looks good for another momo move back up to recent highs up at .52c . Needs to break through .42c tomorrow to keep the momo going

TFER - Huge move today for the 1st half of the day but then spent the last two hours consolidating on highs which is very bullish to see. Probably see’s a gap tomorrow but could turn into a gap go. Id say wait out the open as the gap players sell but a dip back to .008-.0075 could be a good spot for an entry. I think it will go above .01c tomorrow

ITNS - Forming a tight bull flag on daily chart, watch for a break above its prior high at .022c tomorrow for a breakout of this flag. Target would be at .03c

ROX - Explosive move out of the bull flag today and on huge volume . Should be good setup for a another wide range green bar tomorrow much like it had in early March. Target is new 52w highs

SPLI - Big reversal candle today as it went under prior low then snapped back above it to then close at the HOD & almost at yesterdays high. Watch for a move tomorrow above .31c could see another quick squeeze back to .38-.40c tomorrow.

STEV - Has been a very choppy chart recently but now that we are approaching 100day highs it could open up some and see a much cleaner move.  52w highs is at .35c so I think we see that be a magnet but probably wont be much resistance due to lack of volume back then

ZAAP - In a bullish pennant on the daily chart, Watching for it to resolve the pattern to the upside by breaking above .29c.  If it can get that breakout then I think we see a return back to recent highs at .40c

LIVE - In a descending triangle on the daily chart that could wake up soon . Looking for a swing trade here with 9.40ish target within the next week or so. Needs to get above 8.00 by friday.

OPTIONS 

AIG - Forming a nice wedge pattern on the daily chart that I think is going to get resolved soon and Im betting on it breaking out higher. I think if it gets above 50.66 (last week high) it can see a pop up to 51.70-52.00 . I am long some calls overnight looking for that break tomorrow. Ill use 50.00 as my stop. Im using next weeks exp.

C - Started to perk up into the gap left from that bad news about them failing the stress test a few days ago. I think this gap gets filled as C just put in a big triple bottom that at the moment looks as if it will hold. Looking for C to fill in the gap this week. Ill probably play some 48.50x calls for a trade tomorrow.

AAPL - Unlike how AAPL normally trades AAPL has been fairly quiet to begin the week but yet it is still making progress as it begins to slowly climb higher. It seems as if AAPL in the last year or so begins the week very strong and then ends the week very ugly & slow. This week we seem to have the opposite happening, perhaps this is a signal that we will end the week with some fireworks. There was some pretty big open interest on AAPL 540x weekly calls and today it saw big volume trading nearly 22,000 cons. Perhaps we now see 540 turn into bigger support both from a technical perspective but also due to option activity. I think we see a push to 550 for friday. The general consensus is that AAPL is dead money and wont make a move.  I am long AAPL using weekly, April monthly & May monthly options.   I’d love to prove the crowd wrong.

 

 

 

 

 

 

Remember this is just a watchlist and do not guarantee to be profitable trades. Use your own judgment when making the trade.

Sign up for our free newsletter!!!

Comments are closed.