PCXCQ - Broke above a bull flag today and now looking to extend onto the gains. Its been a while since PCXCQ has seen more than a 3 day move but today it closed at 52w highs and I am thinking the range could open up some here . If it gets above .32c that will bring PCXCQ into the gap from back in July of 2012.
MDMN - Former runner showed a little life today. If it can break above .05c and hold it tomorrow we could see MDMN begin trending higher again. Initial target would be recent highs around .063.
CDY - In a tight bull flag here. Watch this one above .17c tomorrow as that should lead to next leg higher up to next resistance zone around .22c
MONK - Seems like its gonna get a promo soon as today it saw huge volume out of the blue- could be tradable though before promo starts so watch for prior high break here and continued volume.
NFLX - Working on forming a big upper level wedge here with a rising support line from back in January of this year holding the stock up and a slight downtrend line from 52w highs holding the stock down the resulting chart is a tight one. However I believe that range will open up this week. Which direction? I don’t know but I do know NFLX has been green last 2 days while the market has been hit hard showing strength. I also know NFLX is only about 10$ off its 52w high. My bias is NFLX will break to upside and see new highs soon especially if markets find new base. I might cheat a little bit and get involved before it breaks out but ultimately it needs to break above 264 and then I think we can target new 52w highs by EOW.
FDX - In a really nice bull flag formation and in a sector that is holding up the best relative to the market. If SPY starts reversing tomorrow (which I am thinking it will) I believe FDX’s bullish setup is something to pay attention to. Needs to break above 109.20 tomorrow and then I would target a move to 112ish by EOW .
SPY - Looking to buy a big gap down tomorrow. If it opens up slightly or flat tomorrow I probably wont be playing it at all. But a gap down under 164ish I would be a buyer for a potential reversal going into Wednesday’s FOMC announcement.
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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