Thought i would throw up a few charts to finish off the week, bit of activity around the traps, volumes are still relatively low though hopefully we start to see these pick up soon
4DS : Starting to turn up again, believe there is some news due soon ? Was some pretty decent late action on the stock. Looking for a test of that 7 cent area again today. Maybe a bit of fomo ?
ANW : Showing signs of moving back north, they did release a 3B after market yesterday, have not quite figured out what the conversion price is, hopefully provide this info later once ive had more than 1 coffee Seemed relatively strong all day with no one selling into the bid at 1.7. One to watch.
AVL : Some nice action yesterday, would like to see a back test of 2.4 and then a test of 2.7. Break this and 3 cents should come in to play.
CDX : Ripper of a chart, reminds me of a few other stocks that have come from lows to progressively push up towards and above 10 cents. I think this could be one of those stocks. Multiple brokers buying up Tuesday and no sells the same day. Would love to see this break up above 5 cents today and hold. Its fair to say its on everyone's radar now.
CZN : Some decent volume creeping in yesterday, stock is at all time lows here with news due any day now. in terms of a risk/reward play for some positive news it looks pretty good. Took a couple yesterday to wait for the news.
Targets 0.007 and 0.009 ST
IVX : Looks interesting around this base area, just needs some nice early volume and move up towards that 2 cent area which is the break out point, clear this and we should see it move, this thing use to put on absolute wild spreads back in the day. Sense we might see some of that action again soon. Looks like someone has put up a 2 million sell order @ 1.8 for a potential early volume setup to pop up on scans, worth watching if it falls IMO
JRV : Nice chart, havent followed this one to much but after going over a few old stocks popped up. Chart looks the goods for a move higher longer term. Not that liquid so probably not a day trade, more a ST play.
MRG : Nice chart here and a nice setup to push higher here on open, worth keeping an eye on for early volume.
Seemed relatively strong all day with no one selling into the bid at 1.7. One to watch.
