CAR vroooooom – as in it’s been going and going and going, maybe caused by the “stock rocket” emails or the sketchy motley fool article but definitely keep this penny stock on watch as I have the past few days. It’s running into some stiff resistance at 2.36 based on the daily chart, so keep that in mind. An outlet to short my come open if it breaks to the downside passed 2.27 intraday support. We’ll see what today has in store.
ABD pretty good history of spiking and falling the next day, so this spike may be no exception. Not really my fave because it hasn’t gone up multiple days but hey! 44% in one day ain’t bad..we’ll see if it can give back any of that today, be on watch for a short trade, though don’t expect too too much.
FRZ this penny stock is up another 19% even after giving back a good .50 cents on the day. It did crack some real important support the last 5 minutes of the trading day @ 3.50, so this sucker could gap down in the morning..I would be cautious shorting a real big gap down. If you and I are lucky it won’t do that and give us a better short play…if it doesn’t continue going up.
DDRX is a penny stock up on earnings that I talked about yesterday..It’s more of a short than a buy right now, but on the same token I don’t think it’ll be a predictable collapse so I’ll just avoid it for now. It has been pretty volatile though, so maybe one of you could make a nice day trade buying or shorting…but I’m not gonna fool with this penny stock.
IFDG setting up for yet another breakout on a very good “stair stepping” penny stock run keep an eye on the .04 price point..if it breaks above that then watch out it could blast to higher highs. Key on this penny stock is volume, it is only a legit breakout if volume comes in. I’m looking for a million or more shares traded and maybe it’s a buy.
DFR maybe all the short squeezes are done with this penny stock and this sucker can go back down where it belongs? Pay attention to that 200 day moving average as the price closed just below it which could signal further weakness. I really don’t think it’ll go back above 4.00 but that remains to be seen. I’m pretty bearish on this penny stock..expect a gradual fall instead of an all out tank like we saw a few days ago. Because of that and my lack of patience I probably won’t be messin’ with this penny stock.
NGNM this penny stock may infact get some buyers after yesterdays break out, whether I’m one of them I’m not sure but it’s showing some good volume on the clean breakout passed 1.20. If it gaps up in the morning that should be sign of the direction this penny stock is heading.
PSUN fourth consecutive day going up, is today the day it takes a breather and allows us to short? This penny stock actually has some kinda choppy price action on the 5 min chart, which I don’t like since there’s not a clear defined resistance/support. Anyways pay attention to the 200 day moving average at 3.66 cause it’s almost up there and that could provide resistance and possibly an alley to short into.
QELP making a good run from 1.00 closing at 1.61 today..but I’m not real sure why this penny stock is running up. Latests news they’ve had is the SEC giving them a delisting notice (baaaaadd). Support is defintely at 1.60, but even if it does break that the risk/reward just isn’t too great with another support line at 1.50. I’ll pass on this one, but it could be a good quick trade if you’re up for it.
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JPAK
This is another one you might be interested in.
CMNC
This one just hit a 52 week high on what looks like a pump n dump. Cheers.
that’s interesting. I didn’t know QELP got that delisting notice. Man, it seems it is a common phenomenon that once a company gets that notice it’s gonna pop! haha
be careful on these consumer companies like ABD for shorts. The street has gone totally nuts for retail and cyclicals…