April 22nd Daily Watchlist Recap - 12 rewatches, 6 new watches

APR 22^nd Watchlist Recap – 12 rewatches, 6 new watches

Prior Day Market: S&P – up 0.1%; NSDQ – down 0.05%; DJIA – down 0.6%

Day Market: S&P – up .05%; NSDQ – down -0.8%; DJIA – up 0.1%

Top watches - $RPRX $VHI $FCSC $AMPE $UFI

Multi-day watch à

RPRX finished below $3 with a low of $2.80 for the day, could not break above $2.95. Predicting a fall to $2. LOOK FOR SHORT SIGNAL. $2.65 new downside to break. Has not broken downside yet and still could not break hold 2.95 upside during morning spike, consolidating on no news.

VHI is a crappy company with huge short ratio leaving room for squeezes on a breakout. Uptrending past 8 days with no news or message board chatter, suggests manipulation from $1.20 to $2. Break above $2.10 for $0.40-$0.60 ish. Volume fading suggests short below $2. LOOK FOR SHORT SIGNAL. Still no news, I believe false buying has brought it this high and will come down in due course, 5^th green day in a row now. First red day on Friday but illiquid and only marginal. Should fall to $1.75 or $1.50.

FCSC, I am expecting $3 support breakdown to $2.75-$2.50 following third green day yesterday and correlation with XON. XON broke down below $36. LOOK FOR SHORT SIGNAL. Broke just below $3 but did not hold. Afternoon spike with shorts covering for the weekend, potential morning spike on Monday, good above $3.50 for 50 cents/share in line with previous spikes.

AMPE due a correction downwards as it has been squeezing shorts. HAD ITS FIRST NEGATIVE DAY YESTERDAY AFTER THREE GREEN DAYS! Finishing below $4 in the afternoon fade. Expecting drop to $3.50 if breaks near term $3.80 support. This is going DOWN, LOOK FOR SHORT SIGNAL . Illiquid with afternoon spike, potential morning spike on Monday above $4.25 but running out of steam and will take any opportunity to short higher.

UNXL upwards stair stepper pattern. Positive move yesterday (See Apr21st recap). If it can maintain $2.40 near term support it should break resistance of $2.81. Looks like a double top, could be bearish now below $2.20. Down 13% with a long daily crow pattern consistently falling. Should have called the double top a day prior as that is where the bulk of the move was. Finishing down so potential for 

$1.75-$2 below $2.25.

GNE big spike on big volume historically met with big selling. Still looking for short below $8 to hold, wait for second touch to confirm resistance as yesterday it broke down and touched $8 several times before breaking back above. $8.30 region has held it now 3 or 4 times in the last ten days, can see this coming down.

HERO FELL OFF A CLIFF yesterday, broke $3.75 and held below, falling by 40% on the day. Bounce at $3 then fell to $2.25. Potential bounce at $2 but fundamentally this is short. Morning spike but finished down with shorts into weekend at $2.16. REMOVE FROM WATCHLIST.

SEED is a classic pump and dump pattern where spikes always met by rapid price falls. Held $1.90 support but going down soon, not much movement expected as low volume yesterday, bounce to $2.50 would be better to short on. LOOK FOR SHORT SIGNAL. Watch for fall but no liquidity on Friday.

CANN rising in hype of 4/20. Insiders looking to release shares on spikes causing a fall soon back to lows of around $0.75 which caused expected fall below for $0.25 loss once it broke $1.50. Potential bounce at $1.25 but looking again to short if it breaks.  Volume dried up completely, get rid.

EXK, PLG uptrending metal plays. EXK gapped up again above $4 but could not break $4.20 and finished below $4, suggests it cannot hold. Bearish day on PLG, broke $3.25 level and expect further downside to at least $3 before bounce. If it breaks $3 should be good for $2.75. Same analysis, low volume on Friday.

VMW watching for $60 breakout. Volume dried up Friday.

First day watch à

UFI up on positive earnings as catalyst and high volume, big company in textiles with fundamentals i.e. a reason to go up. $28 historical resistance to break, with previous moves of $1-$1.50.First green day. Could reject at $28 due to bitter shareholders and large sells at round number. POTENTIAL BUY. Rejected twice from $28.

CAPR biotech jumped from $3.26 to $4.40 after breaking near term consolidation resistance of $3.30 on high volume. No news that I can find and little message board chatter which suggests false move up and potential short if it can break historical $4-$3.75 resistance level (huuuuuge resistance last year).  Could break above $4.60. Illiquid most days though. Friday vol. dried up and could not drop below $3.75.

AZUR only interesting if it breaks $1.50 again. Get rid.

FMSA could breakout above $3.75 high, maintained break above $3.50 but expected trouble at $4. Research further if rejects $4. Rejected $4 but morning spike held $3.75 area, shorts covered last half hour into weekend.

KCG at 52 week and ALL time high of $13.60. Breaking this could send upwards for $0.50-$1 as seen historically. Have not done fundamental research on this but see no immediate news. Choppy historically.

FSM technically if breaks $6.20 (around 2 year high) could extend to $7. Bit choppy in 10 day chart for me to play, keeping on back watchlist.