Family and friends webinar Tuesday night from 8 – 845 p.m. EST in chat. The chat link and password for guests will start working at 7 p.m. EST.
Guest link: http://jasonbondpicks.omnovia.com/chat
Guest password: tradegreen
Again, the password will not work until 7 p.m. EST Tuesday evening.
Can’t wait any longer? Want premium access to Wall Street’s hottest stock chat now? If yes, click here to join.
As far as new trade ideas go, here’s the swing scan for Tuesday. All 3 ideas are technical swing trades meaning the goal is 5-10% across 1-4 days.
ETAK – After 3-months of consolidation below $1, shares spiked to $1.20 resistance in the middle of September. Now working previous resistance, $1, as support, I like Monday’s hammer and volume suggesting a retest of $1.20’s trendline resistance is coming.
CGA – Highflier a few weeks back and came in to cover the gap. Now resting at the 50 Moving Average and trendline support, the risk reward is good here this tests the $2.70’s again soon. Earnings winner with a ‘hold’ at TheStreet after the big move suggests fundamentals could support an uptrend.
BIOL – Nice ascending triangle breakout above $2.40 last week, now consolidating above $2.60 for a run to $3 if it works. Make sure the flag it’s working right now above $2.60 holds, look for some resistance at $2.80 and if that falls, a push to the low $3’s before a pullback. RSI is overbought so strict stop loss would be applied, probably below $2.60. A more conservative technical trade is entry above previous resistance, $2.40, and swing for $2.70’s.