Happy Monday everyone
Another day, another huge list for both news and momentum stocks...as much as I love having more possibilities, this is becoming a beast to monitor, especially in the OSPA!
My list for possible movers for today
Pre-market news (as at posting): FHS (@ 11am), FHS UBN DRO IOT STA RBO
Momentum (charts below): Looking for clues to catch the next leg up early, not interested in pure hype here, only interested in trades that can actually be caught easily and with low risk.
BLT - Broke out pday (prior day Friday), strong vol, at R level so late and risky, but like BIG on Friday, the move may continue today, I'd watch OSPA for clues here and possible entry/pyramid if you're already in. Any hint of selling though, I'd scratch at these levels...
BMN - Hot uranium stock. Intra-day consolidation with level at 50, a break could be a strong move. Will be cautious trading this, range is wide so there is risk of a bull trap (e.g. trades 51, pulls back sharp to 45-46)
BUB - Green engulfing candle pday. Very basic bullish candlestick signal. Not the highest conviction but possible.
CDU - I do like this one. R level 50 broke pday, with strong vol too. Sending smoke signals everywhere. If it continues the rally today, this candle may be the low for a while.
DRO - Broke the red inside/harami candle (bearish candlestick), but closed higher as a Green hammer (bear trap set). Possibly the accumulation bear trap, ready to make the next leg.
GSW - Increasing vol pday. Very tight 2 tick consolidation with a strong R level at 31, a break could be the next leg.
ICG - Broke above 16, progressing the next leg already but struggling to break intra-day level at 17. A break could be strong.
IIL - Strong vol pday as it broke above the red candle. May continue the move today and break all-time highs, but be careful, more risk here.
MLS - 2nd bounce off level @ 7. Increasing vol pday, despite it likely to be market sell orders, could hint accumulation by bids lining up too. If they have more to buy, and it starts to move higher, FOMO may accelerate the rally.
MRD - Still watching 14 break out like a hawk. However pday vol decreased. Anyway, see Friday's post for more info.
NAE - Already looking like next leg is progressing, it's now forming intra-day ledge at 33. Break could move.
NWH - Very sharp bear trap last week. The more price rallies, the more it'll accelerate from the trap imo. Increasing vol pday too.
Strong intra-day level 740 broke but retraced. Selling at 750 needs to be overcome though, watch OSPA for clues.
PGM - Increasing vol. Low probability, especially since weekend slows day by day momentum.
RMX - Swing low 34 broke on Friday, and closed higher at 36, with increasing vol. Not strong vol but still a possible bear trap.
SFI - Intra-day level 72 broke Friday and held above with strong vol. Could continue today and really move strong. Not expecting 77 to offer too much resistance as most "Gap-Up sell down" R levels normally would. See Friday's post for more info.
SMA - Broke below S level 15 but closed there with higher vol. Could be a bear trap, I'm watching 16 to break for an entry.
VMT - Hard to see but Friday was an opening gap down which closed green. These candles tend to lead to good follow through.
Hoping this follow through becomes the real 2nd leg and doesn't halt around 10c like previous one in late Dec.
XST - 2nd bounce off S level 20 w higher vol. Still a gap to close at 19 which I would prefer, but if 20 does hold, it may run.
ZLD - Don't know where my vol went, but checked it with another platform, pday vol was insignificant. Anyway, trading at S level 34, could be ready to make a run.
Have a solid day all.
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