Market: SPY is breaking out! I will not be shorting aggressively.
Longs
ROYL - just received a big $45mil order, which is more than its market cap. not the greatest pattern to buy but its breaking out with no key res until 3.75. It's already a abit extended so I'll wait for a dip to buy b/w 3-3.25
AMRS - just announced a breakthrough drug development for malaria. 3.0 and 3.8 are key levels. 3.25 is also important.
RAD - big earnings with consistent q2q eps growth. I am watching for a 2.05 key res breakout.
Shorts
HIMX - is consolidating. I'd like to see it spike into overextension before shorting it. Pential short when the next spike tops.
PAMT - is fading gradually after the bounce following the crackage thru key supp at 16. Potential short under 16.9 which is intradday supp.
MCOX - is testing 5.75 just as I anticipated. its building support under 5.75 so it could run further if it can break 5.75. 6.35 and 7.25 are also key.
Momo
Follow me on stocktwits (@sickledsystems).
Abbreviations::
b/o = breakout
b/d = breakdown
momo = momentum
pt = price target
dtc = days to cover
res = resistance
supp = support
Abbreviations::
b/o = breakout
b/d = breakdown
momo = momentum
pt = price target
dtc = days to cover
res = resistance
supp = support
No comments:
Post a Comment