DT Pre Market Feb 7 2017, page-13

Good morning everyone!

I give up, no more JPEG, sticking to PNG files.

Possible movers for today (charts below):
Note: DO NOT simply buy these stocks at open. Do not believe the chart's arrows will be fulfilled. Do not expect most of my picks will eventuate. However, do set up alerts (price, volume etc) and watch the depth to catch the few that do. These are swing trade ideas, going with momentum and entering via retracement when it shows signs of ending (and commencing the next leg up). This allows controlled risk with very high potential reward. There are many other more volatile/hyped up day-trading stocks than these every day, but they tend to be more riskier and harder to manage. Good luck!

BCN - Increasing vol, could just be the fact Fridays are quiet and Mondays are not, but whatever, watching. Could signal impatience and the retracement was short-lived. Generally happens with really hot stocks, retracements only last for a few days before it makes the next leg. Will consider entry at OSPA (opening single price auction) if opening with strong bid support, and only if price >= 18.

BIG - Bounced off prior level, looks like bear trap behaviour, already attempted to run yday, may continue that run today.

CFE - Same as prior days, a break of 19 may see a nice move. Tricky though, scratched and lost commission a few times already, due to 19 going bid then offer, and repeat. May need to manage it with a stop wider than 0/1 ticks here


EDE - Increasing vol, 310 looks like the level to break out here. Could be the next leg up if it does.

PDN - Got in yday at OSPA bid 120. Broke 120 by a tick but did not run away. Hoping it makes the run today.

SMA - Same as pdays, level at 12, 1 tick range, will trade the break of 13.

TAS - Increasing vol yday, more than Fri and Thu last week, dipped below S level 250 and immediately traded above yday. This looks like a bear trap, and the next leg may be quite urgent.

Special mention:
CZN (no chart, no real TA, just hype) - RISKY! But if you have the discipline to accept a 1/2/3 tick loss, then for sure, this could continue the run and be a worthwhile good punt in terms of risk and reward.

Have a nice day all!