WatchList for Wednesday

DSCO – Coiling up nicely and hitting against MA20. RSI14 and Full Sto both improving, so I’ll watch for quick scalp or swing on move through MA20 with stop around .73.  I won’t enter until MA20 has been broken on the daily chart (right now .78).

PLM – laggard Platinum and metals play.  Others boomed today, but this one sat still. Nice consolidation just under MA20.  If there is a continued move in it’s peers tomorrow, we might see a nice scalp or swing opportunity here.  3.00 first target.

AZC is another low volume mining company with a nice chart setup on the daily.  Would love to see a confirmed move through MA50 on volume. 

LVLT – Yeah, I know… lots of sell-off volume today, but chart is still worth watching.  Look out for the horizontal resistance at 1.25.  Needs to get through there before I’m interested in a swing long.

I’m also watching Uranium stocks.. many are setting up for a move and worth watching. UEC pushed through horizontal resistance today and I’m looking for others to follow. If we see some more volume and quick interest in uranium, I am eyeballing these, in particular:

URRE – I’m waiting for the MACD to cross through 0 and a recovery above MA200.
DNN – Starting to have a rounding bottom MACD. I like to see that and might swing long if we get a move through MA20.

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