ECOB - Broke aobve a nice wedge pattern today with strong volume. Needs to break prior high tomorrow morning and hold above it. I think this one will drift higher to .03c
KGET - Sub-penny with pretty crazy trading ranges. Tomorrow needs to bust above .0038 in opening hour of the day and then I think can continue to higher to recent high at .005c . If it breaks that then could explode. Volume today was pretty good and consistent throughout the day. With limited setups out in there in subpenny land I think all eyes will be on KGET tomorrow.
AAMRQ - Closed very strong today at the highs as it finally got back above 3$ and tomorrow and I think it will continue its bounce tomorrow. If you look the high on 8/13 to the low on 8/14 and get a Fib retracement it looks like 3.50-4.00 could be where AAMRQ might find new resistance. This level also where we find the June lows.
LPR - Bottom play here as it formed a double bottom at 09c and started to bounce back some today. Watch for prior high break as this could easily bounce up to .16ish tomorrow. Needs to hold 09c
PGCX - Big day one of a promo tomorrow and looks like it can continue tomorrow. Tomrrow needs to hold above .30.34c and then some resistance in .47ish zone. Id watch it in the morning only for volume. soon as volume drops off it’ll probably be flat for the rest day
SODA - Nice bullish engulfing candle today. Watch this one tomorrow if it can break 65 because that could trigger the next big multi-day squeeze. SODA has a large % of its float sold short, in fact its over 35%. A high % like this can really get stocks moving very fast (look at TSLA’s run) . SODA is still holding above its earnings gap from a few weeks ago and is now trying to break above a downtrend line from its 52w high . You can view my chart with notes here http://i.imgur.com/lyvwegj.png
NFLX - Huge move today off last nights watchlist and on watch for continuation tomorrow. In my opinion this pattern is very similar to the setup we had on 7/5. This one could see 280 act as a magnet for friday. The only way I dont play NFLX tomorrow is if it gaps up huge (above 277).
C - Today the banks finally caught a bid and although this is arguably one of the weaker sectors in recent days if the markets are going to begin to bounce back towards 1700 they’ll need banks to participate. If you want exposure to the reversal in banks today I believe C is the strongest in the group. Id look for a prior high break here and target a snapback trade back over 51 tomorrow.
Keep in mind tomorrow big announcement at 2pm EST from the Fed. I plan on being all cash going into that announcement.
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!!!
We have emailed out a very impressive list of alerts that turned into huge gainers recently like PPHM +830%, MWIP +1100% and PVTA +470%!!! So sign up for our free newsletter to get alerts like these.