EXMCQ - Continued higher today following a bull flag the last few days. The last day EXMCQ got a big green bar like today it followed up the next day with another strong day. Looking for that to repeat tomorrow. Next level to look for resistance I think will be .32c
GNIN - low level bull flag here, watch for a move above todays high to get us above the bull flag, could see a nice trade up to .35c next few days but wait for that .275 break.
GTXI - Continues to rally and today got another big wide range bar and is still in a big open gap all the way up to 4.00. I highly doubt it can fill in that full gap but if we look at fibonacci levels we know the next levels of potential resistances are 2.42 (38.2%) and 2.76 (50%) . I think this sees 2.76 by monday.
ESEA – big move today, all these shipping stocks have been on fire last few weeks and I think ESEA will get some sympathy play now because many of the names are a bit extended.
FRO - Same story here, another shipping stock that has yet to make its run. If people are looking for a name to get involved with in the shipping area I think FRO is a good setup now because it hasnt made a run yet. I like that it closes above 3.00 resistance today and now has room to move up to 3.50ish til it finds next resistance
SCTY - Broke above the bull flag formation today and now has room to run over the next day or 2 up into the 40s. This stock still has a 13% short interest and the other Elon Musk stock, TSLA is getting squeezed yet again. I think people will look at SCTY for potentail run up back to highs. Id looking for a gap down to buy and look for a r/g move with a 40 target.
BA - Looking for a swing short here, this stock went on a tear the last two weeks running up 13% before today when it put in a big long topping tail. I am looking at either next weeks 120 puts or Oct monthly 115 calls to play for a downside move back to 113-115 in the next 3-4 days. This stock is very overbought and even a ‘healthy’ pullback would bring it down to 113ish which is the 38.2% Fib retracement
GS - Looking here for potential lottery play tomorrow with the 165x puts either weekly or next weeks depending on how confident I am. GS today made new 52 highs at 170 but then sold off hard the rest of the day, resulting in ‘dark cloud cover’. Tomorrow I am looking for a gap up to buy puts on for a green to red move. I have had good success trading GS on these gap reversal days this year it does it a lot where it will gap down and go green or gap up and go red.
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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