11/06/12 Tuesday Watchlist

Watchlist: ELAY, AMBS, FCEL, NTE and HGSH

ELAY (bottoms bounce play)

Watching res 0.0022 for entry and key res 0.0035 as check point. Price target is near key res at 0.005

AMBS (bottoms bounce play)

Watching 0.05 for entry with trendline res and key res at 0.065 as checkpoint. Holding for up to 0.10 if trendline breaks out.

FCEL (new contract, long)

Waiting for trendline breakout at about 1.05 for entry. eod vol spike is a good sign that it is finding support at key supp 1.0. If it dips, below 1.0 I will wait for it to repattern for a 1.0 revival.

NTE (big earnings breakout, short-scalp, long-biased)

This is a big earnings winner that you do not want to short early. Wait for it to get over-extended as it already is. Then wait for volume to fade as it approaches key res zone where I will look for a top to short for  a buck or two downside. If it b/o thru key res zone then I will cover and buy the b/o.

HGSH (manipulated Chinese stock, short)

Looking for a top at key res 2.50. There wasn't much panic selling when it took out 2.50 so it may still have support there which means it is dangerous to be short above 2.50. It should fail 2.60/2.50 res test so look for a top there.

Others On Alert:
AONE - looking for any news related to financing/debt for a nice rebound.
GTSO - waiting for more message board chatter/volume.