PHOT - NIce move off watchlist from friday, closing strong at the highs and looking for some follow thru momentum with .055 as our target.
RBY - Nice bullish engulfing style reversal on friday on high volume, this has a good recent history of making good bounces after harsh selloffs. Should be good for a trade back into the 1.55-1.60 range
XIDEQ - The longer this can hover above .30c the better. I wouldn’t look to take a posistion until it can break above .37c because then the next resistance point is up at .47ish . Keep on watch, maybe set alert for .36 prints so you get reminded before it breaks out.
AGEN - Still on my radar for it to get into the gap above 2.90. If it can pop into the gap then we have room to fill up to 3.30-3.60. Wait for it to get above 2.90s before its ‘in play’
FALC - In a little bull flag after it popped a few days ago its been holding up very well. Let see if it can get some volume on monday morning and breakout of this bull flag. The next leg could bring a 1.40 target
PWEI - This is the new APS play that is provided very high volume and a good trading range, if it trades at all like XUII did a few months than we should know that PWEI wont be ‘in play’ until it break above its recent high at .095. Keep on radar for a .095 break, if that happens the next level to look at for resistance is around .12-.13c but until it breaks .095c to me its a very tough trade.
CELG - Biotechs continue to be very strong and last week we highlighted AMGN which did make a really nice move but now its too late to be chasing that move. I believe that CELG is ready to go this week. I like the nice bottom tail doji on friday as its still in a small bull flag. The 52w high is at 151 and I think that gets broken early in the week. Watch for a 150.24 break on monday. Another thing I notice is that ever since breaking above the high in August, every dip back under it has been bought up strong. I am long the 155x calls over the weekend.
TSLA - This formation here is starting to get pretty tight as it traded with in a 167-162 range for the last few days between both its 8 and 21 moving averages. The setup here to me is fairly simple, TSLA could breakout to new highs if we can get daily a daily close back above 8ma (167) or TSLA could see another leg lower if it breaks support at its 21ma (which has held since march and is now trading at 160) . So the setup here above 167 its bullish or below 160 its bearish, dont try to the play in-between game though, you’ll just get chopped.
SOHU - This stock has been forming a multi-month channel at the highs since May of this year, its been in a channel from 60-68 and although it did try to break above 68 at the end of July it didnt have the legs to do it and since then has been back in this channel. It is very difficult to predict when a channel like this will breakout however you can use other indicators to help give you some guidance. The key indicator here is the moving averages. If you pull longer term averages like a 50,100 and 200 you’ll see that the last attempt SOHU made to break the channel at the end of July was when the 50ma caught up with the candles and it didnt work but now we have both the 50 and the 100ma up to the candles acting as support which leads me to believe that the 68ish resistance wont hold us down very much longer. Im waiting for a break above 68 before I try to get long, I have my alerts set. Target would be new 52w highs, be patient here.
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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