JOEZ has put together an impressive bottom bounce. Possible trade between $.85 and $1.00 this week with a tight stop at $.80 if it doesn’t continue trend.
GENE is put together a nice reversal pattern with several day so accumulation followed by a pop Friday. If the bullish volume continues then it should power through the MA(50) at $5.93 and the MA(20) at $6.38 no problem before settling at $8.00 resistance.
JCOF broke out late day Friday and had news that brought bullish volume just before the close. Wouldn’t be the first time we’ve seen JCOF react well to news either so it’s a possible day trade today on momentum and stays in play so long as it holds above $.80 for a quick stop out or $.70 which was the breakout zone.
I was short biased on RITT all last week but wasn’t able to find shares easily in either account. The longer it holds above $10 the more I think it could spike again, possibly up to $13 which is where I’ll look to short. A break above $13.45 would be my cover because that would be the start of a possible breakout.
Still reason to believe CABND will fall to the $3.00 range so I’m short biased here as well. I won’t pick up as many shares as I would have around $6.00 after the reverse split but $.75 to $2.00 per share on 5k shares is still a strong payday. Goal is to add as high as possible and ride the short aggressively until $3.20 or so.
Possible momentum based play early in the week on WAMUQ. Early entry below $.13, confirmed entry above it. Stop would be $.13 upon entry with a goal of $.18 before evaluation.