STEM – for the past two days this has been trading in a $1.60 – $2.10 channel, meaning you buy STEM @ $1.60 and short sell STEM @ $2.10 if you trade between the channel you no longer have a good risk/reward, shout out to Lucas E for nailing the top shorting the major resistance at $2.10 for a 17% win. The question is who’s in control of the stock? Well which ever channel breaks first that’s who’s in control meaning if $2.10 breaksout the bulls are in control, If $1.60 breaksdown the bears are in control, so you can expect a volatile 10-20% move once the channel breaks as well. Who do I think will break the channel? The bears I’m bearish, now for those of you who are bullish the only price you should be buying at for today is $1.50 at the highest, and the price target would be $1.90 just be sure to have a tight stop loss when you get the best entry of the channel because if the channel breaks it’ll have a volatile move / go against you, If you Buy STEM at $1.50 your stop should be no lower then $1.40, I’m bearish for STEM once $1.50 breaks we’ll see a crash to $1.20 now there is no guarantee the channel will break today, so it is a potential dip buy at $1.50 but to be honest I would focus on short selling the tops $1.90s and shorting the breakdown $1.50 (with 5 – 10 cent stop losses) I strongly believe the channel will breakdown from $1.50 – $1.20 Today if not then next week.
REN – Double top at $20 closed weak in after hours at $17.30 I’m bearish and expecting REN to drop $2-$3 a share slightly today and into early next week, I will now give you the major resistance level I would consider shorting at with a 20 – 50 cent stop loss, $18.25, REN is over extended at all time highs on the RSI since I strongly believe this will crash $2-$3 a share I would short the break downs as well and consider having the opportunity to short the major resistance a gift! The key breakdowns to short are $17.30 and $16.90 now the most important support level to crack is $16.60 If $16.60 holds the bulls will take control and run this stock back up! If $16.60 breaks this will get absolutely crushed to $14-$15 a share by early next week. REN will have an extremely volatile move at $16.60 so keep that in mind, the volume is also starting to fade slightly above the 10 day average looks to be a fade / great short for a potential swing trade.
MCRB – Volume peaking towards the 10 day average, Gap Breakout at $12.30 be sure to buy the breakout once it touches $12.30 with a tight stop loss in case it’s a fake out, I believe once MCRB breaks $12.30 it’ll be a nice 10-20% breakout the volume needs to be above 1.2M for a smooth ride, add this to your longterm watchlist just in case it doesn’t break $12.30 today.
EARS – Gap Breakout at $2.30 be sure to buy the breakout once it approaches $2.30 with a tight stop loss just in case it’s a fake out, I strongly believe once EARS touches $2.30 it’ll be a nice 10 – 20%+ breakout so be sure to add this on your longterm watchlist in case it doesn’t break $2.30, I’m not interested in buying the dips on EARS the best dip you could buy is at $2 PT $2.15 if $2.15 breaks then we’ll see $2.30 breakout, be sure to use tight stop losses.
MEET – A gap recently filled at $5 it ran to $5.20 into the close as of now the bulls are clearly in control since it held the “Gap Support at $5” The volume is right at the 10 day average ideally you would want to buy 5M+ for a smooth breakout, the breakouts to buy are $5.30 if it breaks we should see $5.60 which is major resistance if $5.60 breaks we’ll see $6 The best support level you can buy at is $5 and another support level to buy at is $5.15 just be sure to use tight stop losses, I’m interested in buying the dips / breakouts just needs to break the 10 day average 5M+ for a smooth ride up.
DGLY – Expecting a morning crash to $5.60 – $5.70 from there if support holds expect a run to $5.90 planning to cover my position towards $5.70s
CXW – currently $18.88 in after hours broke that major resistance at $18 I’m bullish and interested in buying, Key breakout to buy $19 PT $21 I’m only interested in buying the breakout, the only dips I would consider buying are these levels $18 $17.50, and $16.70
MIFI – key breakout $3.20 expect a run to $3.75, I’m only interested in the breakout on MIFI use tight stop losses as always.
GEO – only support level I’m interested in buying is $20, also interested in the key breakout at $21 – $21.25 to $22.50
CRK – $6.50 is the key level, if it holds buy the dip, if it breaks short the breakdown. If $6.50 holds PT $7.29 If $6.50 fails to hold PT $5.50
ORIG best support levels to buy $0.77 and $0.83 be sure to use tight stop losses, Key breakout $0.90 if it breaks PT $0.98 if $0.98 breaks we’ll see $1.15+
Good analysis on $REN, I think I;m going to take my first short selling position tomorrow!
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