Prior Day Market: S&P – up 0.07%; NSDQ microcap – up 0.5%;
Top watches today - $UPLMQ $ARGS $PRGN
First day watch à
CRNT looking for it to break $1.60. First large green day yesterday
with 20%. Would short on rejection in morning spike.
Levels: $1.60
NWBO LT d/t but
bouncing off lows. G/r at $1.27 RL $1.30 (3%). OVAS LT d/t bouncing off lows as
well as NWBO, break above $7.20 or fall below $6.80. Look for g/r $7.07 for
$6.50-$6 (9%) RL $7.20 (2%)
Multi-day watch à
Overextended shorts
UPLMQ two day spike piece of crap with LT D/T. Look for signs of
weakness. Look to short into morning spike or below $0.40 if rejection. Fourth
green day in a row, doubled in value.
Levels: Finished $0.378 but short below $0.35 RL $0.36.
ARGS had a massive spike recently met with large short selling. Spiked again
for first day on Friday, look for levels to short into, has potential to
squeeze like in the past. Could squeeze upwards but expecting fall, good below
$5 for b/d.
Levels: Below $7 with RL $7.13
(2%), look for morning rejection of $7.60.
PRGN being watched for short squeezes, but up way too much and will
come down, just a matter of when.
Levels: Went r/g on day and finished down from open. Below $1.75 for $1.65 (10%) RL $1.78 (2%),
below that for $1.50 - $1.46 (10%)
SPPI had run up this year but approaching $7.50-$8 2 year resistance
levels which have historically rejected and rejected recently.
Rejected $7.30 in morning, falling 4% to $7 area. Expecting this to
bounce further but looking to short on g/r.
SYNC had first red day after huge gap up and spike. Potential morning spike
to short into strength, finished down 5% Friday. Gone up 114% in two days.
Levels: below $3.30 RL $3.45 (5%) and then below $3 for $2.85 ish based
on historical drop %.
UNT historical spikes always met with falls. Up 20%. Runs for a few
days before fall in past.
Levels: Rejection from $12.80 in morning spike. G/r signalled short.
Watching for G/r at $12.10 area.
CLNE historical spikes met with selling AFTER 1-2 DAYS.
Recap à
Fell below $3.20 for $3.05 low (5%). B/d below $3.15 (prev. day high and
close).
