XIDEQ - Closed very strong up just shy of 20% and looks like it wants to get into the gap left from the end of May. Gap fill would get us up to .33c. Watch for a break above todays high, the highest volume today came in at EOD perhaps showing people want to play it for a gap. So if it gaps up tomorrow, you dont want to see it go red because thats showing everyone is selling the gap. (what GSAT did today)
EDXC - Nice little bull flag breakout today and closed at the highs. Watch a move above .12c tomorrow, there isn’t much resistance on this chart I think its good for a move to .15ish though. I almost bought it EOD but there was a heavy ask order at .12c so I decided to wait for tomorrow if it breaks it.
KIOR - Sick reversal candle yesterday with follow through today. I think we could see a 3-4 day move here like what NVIV did last week. Next resistance on KIOR is in the 2.10-2.20 zone thats where my target would be. You know the drill, watch for prior break. Ideal would be a r/g opening.
CBYI - Watch for a prior high break. Last two weeks in went to the moon and on monday had an ugly topping tail get put in however today bounced back. If it can break above .0035 resistance tomorrow who knows it might make new highs.
CERE - Had a super strong close printing the majority of the trades during the final hour of the day. Watch this one for a gap and go tomorrow. Needs to hold above 1.43 .
BIDU - This stock has been holding in a really nice bull flag on the weekly chart and has been consolidating its recent 50pt run it made from the start of the July very well. I think BIDU is starting to get back into motion here and plan on getting a long position tomorrow. its right under 52w highs and as long as it can hold above 140 I think the bullish setup will lead us to new highs. Im going to look at monthly calls probably the 145x calls currently going for 1.40.
FB - This stock has been an absolute tear for the last 2 weeks but now is stalling under its all-time high at 45. Although I much prefer being long strong stocks vs trying to short them I think FB is a good short candidate for the next few days, and heres why. FB hasn’t touched its 8day in 15 sessions. So on 8/19 was the last time FB touched its 8day moving average. (Thats a long time and very rare to see, even a stock like TSLA hasn’t seen that type of move. The longest streak TSLA had was 12days from 6/27-7/15). During that period FB has rallied 18% which again is a big move. I believe before FB can make new all-time highs it must first get a pullback, which would be healthy. I believe FB needs to backtest its recent breakout at 42 and I believe that area will also provide a good dip buying opportunity when it comes. So here are some levels that support that 42 level.
8sma = 42.56
FB IPO opening price = 42.05
Most recent breakout = 42
Fib Levels from its earnings gap to recent high 23.6% retracement is at 42
Fib Level from the low on 8/19 to recent high 38.2% retracement is at 42
SCTY - Had a decent up day, closing up 22%. lol, just kidding. Crazy move today that provided lots of great intraday setups. I think the power of todays move will provide more upside tomorrow. Watch for intraday patterns like flags/wedges to play for a breakout. I think SCTY finds big resistance at 39-40.
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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