Here’s this week’s watch list! Remember there’s many more plays in the chat room!!
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TENX – This this on watch because of the set up on the daily chart, price is holding support at 1.70 / 50ema. I want to see price continue and push 2.40 and get over this resistance trend line. I will be looking to take profits around 3.00 or around the 200ema if this can squeeze, very low float.
VTL – This is on watch because of the action on Friday. The stock closed just under the start of the gap at .55 cents, I’ll be watching to see if this gaps or down, I will also be watching to see if the stock pulls back to Friday mornings high at .40 cents where I’ll be looking for a bounce.
AVGR – This is on watch because of the set up on the daily chart, I’ll be watching to see if price can get over the resistance trend line but also over this 1.10 area, should make for a good swing set up if trend can continue.
ANFI – This is on watch from last week because price bounce right where it was supposed to, now ill will be looking for a continuation to 1.86, most recent highs. Also the 50ema is creeping up to the 200ema where I’ll be looking for an EMA Golden Cross.
CVM – This is on watch because of the price action towards the end of the day on Friday. Towards EOD we saw the highest volume all day. I’ll be watching for a gap up or down. Next area of resistance on the daily chart is back in 2016 around 7.50, if the market manages to squeeze the shorts I’ll be looking for a scalp trade while taking profits near or even before resistance
CIFS – This is on watch because of the little set up on the daily chart, I will be looking for a break over this resistance trend line but this also needs to get over 4.25. If this volume is present I’ll look for a scalp trade taking profits in the 5.00 area and nothing more; China low float.