Great week so far this week in the Markets and in the Chat room. Now things are reaching overbought level. Overbought/oversold levels can stay longer than anyone thinks. Little caution is definitely warranted. below is chart of $NYMO,a popular indicator that many investors and traders use to gauge oversold.overbought area. As you can see its at a peak of overbought level.
For Thursday , I picked some name that is still basing and hasn’t move much yet. If Market keeps on going, these are the names could be decent for quick trades. As a trend trader,one go with the flow and make the best out of it unless otherwise.
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ASIA Watching this one over 12.75 for a trade with resistance at 13 and 13.90.
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CALL All coiled up
here above 50 SMA. Watching 19.64 area with 20 resistance. |
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EGLE Shipper stock.Like the way bouncing 20 MA. Over 3.34 for a quick trade to
50 MA. |
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FIO Nice base between 20/50 SMA and closed at kissing 50 MA.Over
21.31 for for continuation with resistance at 21.64. |
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IMUC Bio. name . Nice ascending triangle base below 4.
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JIVE All coiled up here above 50 SMA. 20/50 SMA Bullish crossover
coming soon. 21.75 area of interest. |
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MITK Trying come out of a this triangle . Bullish 20/50 MA
crossover. Over 4.19 with resistance at 4.75. |
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PAY 33.56 could be a short squeeze area.
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| SNCR Bounce play . Over 19.10 with resistance 19.56 and the 50 MA 21 area. |
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UBNT Finally this stock has a decent Bullish Engulfing
candle. Now watch over 15 for some short squeeze. Over 17% short float. |
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VTUS Knife Catchers special,
Over 4.40 with 4.22 stop for a rental. |
