Day Trading Pre Open - 17 October 2018, page-16

  1. 48,997 Posts.
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    Thanks @Cleo

    Morning all

    Few charts for today, mostly bio stocks. Looks like we are going to see alot of volume in this area over the near term, plenty of action turning up yesterday. Many many folk with big profits in BIT will be looking for the next runner in the space. ANP Looks the one based on volume, a few still yet to move.


    ACL Popped up on some volume late, one to watch market cap cheap and please of cash, the expectation is an acquisition soon in the bio space worth watching.

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    ANP Wow the next BIT type runner by the looks, mental volume and close yesterday, big gap up today.

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    BD1 Found some action late in the day also, another worthy of the watchlist

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    BIT Dare i say it maybe game over for now, yesterday was a shooting start candle stock on monster volume, lots of trapped supply above, probably be some scalp opportunities there, but will be significantly higher risk now with all that overhead supply, better opportunities elsewhere IMO

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    CZL One to watch for an announcement or volume from today on wards, SPP closes at 5pm on Monday. If they want any chance of getting the funds raised for this over the line, the pump should start today, just needs to break above 2.5 and we may see some decent volume enter

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    FOD Some nice buying action yesterday, believe this is getting very close to a break higher. Its true testament to the fundamentals of this company when its been capped so hard and accumulated. If it was a dud, this would be back below 10 cents by now and forgotten about. Real company in the making, and the pro's will hold it until they have sucked out all the supply. After this it should naturally start to push higher.

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    TTL Been watching this for a long time, and if anyone is watching the action you can see there is a clear attempt to hold this back while its being accumulating. The action looks very good and the supply is nearly gone. No one is selling. All you need to do is look at the register of this company and the recent appointment of Patrick Burke to know big things are coming. Patience. Probably not a day trade. But something you wish you had of bought near the bottom before it runs.

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    PAA Another biotech break out, all just going off.

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    There are still a few bio stocks out there, that havent moved yet Happy hunting, those will be the rewards IMO

    Cheers all, happy trading today.
 
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