Variety of trade ideas below…buy support, breakouts, swing, day, etc. I love trading lower priced stocks from time to time (I only trade shares/no options) so I thought I would share a few charts I see potential in. Hopefully there are a few 10%+ winners listed below:
GLUU: Like this for a bounce off of 20sma / price support. As long as 20sma holds on daily (3.40) I think we get a bounce and head to target 1 3.70s.
ARWR: Holds over 9 looking for 10$ magnet.
CADX: Daily chart below…check out the weekly chart, this is a longer term breakout that could still have some power. Love the close over 10 & I will use that as my support if I place a long trade. 11.50s possible very quickly in my opinion, RSI way oversold but that doesn’t always matter…especially in a 1-2 day timeframe.
GRPN: Buyers below 9. I like this long around/right below 9 with a target of 9.75. Want to see daily closes above 9.
KWK: Breakout watch over 3… Target 1 3.25, Target 2 3.50. All sma’s now pointing up and this stock can run 10-15% from here. Must hold above 3 for trade idea.
LF: Swing trade idea setting up here. 8.25 holds tell me we may be getting ready to test 9.25/200 sma level in near future. There is alot of overhead resistance but I think a strong 3-5 day push could be coming.
LOGI: Break/hold 11.65 target 12+… We either pullback and test support or get that big green squeeze very soon in my opinion. More of a day trade set up here.
MCP: Watching for con’t of bullish move…RSI plenty of room to run target 1 5.50s/50 sma. MCP can move so watching this bullish momentum & thinking it may continue.
NEON: Either way in play here…personal bias is bullish looking for the b/o over 6.50. Look for 6.20-6.30 holds to push this higher. Weakness under 6.20 could send this back to test support in mid 5′s. Key level currently decent set up both ways..
ROYL: Watch for the curl…holding uptrend line support. Need to key volume on this name she doesn’t move without news/pr/etc. This play is trash without something pushing it and shouldn’t be day traded until signs of momentum come into play. One to watch with support so close plus the history of big moves. More of a gut feeling that something could be coming here.
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