Thanks
@Cleo
Morning all, couple of charts for the week, for potential setups, moves.
9SP : Interesting one, which doesn't get to much of a mention here, looks primed to close the gap ST. RSI was cooking at recent highs, has now cooled off, expect to see a slow move back up and potential break out ST
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ADV : Couple of high volume days recent, looks primed for a break higher ST and a test of 1.2. News is due any day.
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BIT : Interesting chart, will this pattern continue ? Held up well on Friday considering, I expected it to close below 20 cents. Should be on everyone's radar today.
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BID : Mentioned a week or so ago, this looks primed to break upwards, RSI was getting a bit hot, needed to cool off. Looks ready to break through this week
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CLA : Maybe one for the ST folk, looks to be setting up for a move higher to close that gap @ 10.5 cents. Looking at the daily chart, it doesn't seem to offer much spread for a trade. But looks OK for a ST trade with relatively small down side based on the volume dropped off and accumulation
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CLL : Dont know much about the FA on this one but stock has come back down off recent highs to close the gap, with some nice accumulation over the last 2 sessions. Looks ready to reverse.
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COB : Saw this one a couple of sessions back, but didn't think to much about it when it was on the offer at 22 cents. Starting to look likely for a break higher, possible gap close. Dont know much about the FA.
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CZI : Old school, remember when this came out with news years back and it was the stock of the month, looks to be setting up for something. Someone has decided to take a position quickly. Could be a nice play here, will wait for that gap to close based on the low volume and spread that it trades.
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ERX : Dont know much about this one, just seen it mentioned around the traps a few times. Looks an interesting setup for a break out.
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FOD : Ascending triangle forming on the daily chart, MACD turning up for the first time since original break out back in September. Linear Regression Indicator's crossed a few sessions back. Accumulation suggests this is poised for a significant break out. Believe we will see news this week. Market Cap is far to cheap compared to its peers. I cant see any reason why this wont be above 50 cents in next 3 months. I am long but will also trade the swings.
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NVO : Big accumulation leading up to the break out, hit resistance and has been slowly ticked down ever since, the selling volume is fairly insignificant compared to the accumulation that has taken place. Expect a bounce here soon.
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SCU : Dont really like this stock, but started to show signs on Friday that a potential move was on the cards to break away from current range, one to watch. Just needs volume and we should see traders enter.
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WHK : Really starting to dislike this chart, all the high volume days keep getting sold into, news is expected on a few fronts before the end of the year, so should offered based on the size of the MC. Lower entry preferable, gap close first ?
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Cheers all, happy hunting this week!
