Top watches today - $SPPI $SYNC $UPLMQ
First day watch à
Overextended shorts
SPPI had run up this year but approaching $7.50-$8 2 year resistance
levels which have historically rejected and rejected recently. Looking for a
double top on this but has potential to go further with only 11% gain on the
day.
Levels: $7.30-$7.40 RL $7.50 (3%)
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 %.
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: Below $0.40 RL $0.42 (5%) for $0.34 - $0.30.
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: $6.40 rejection. Below $5.80 for $5.30-$5.40. $5 b/d.
PRGN being watched for short squeezes, but up way too much and will
come down, just a matter of when. Short
below $1.45 for $1 but risk of short squeeze so RL low at $1.52 (5%).
UNT historical spikes always met with falls. Up 20%. Runs for a few
days before fall in past.
Levels: Couldn’t break $12.60. $13-13.20 could reject but only
watching.
CVGI looking for it to spike some more to $3.25-$3.50 area again for
short like in YTD chart. Expecting more green days from historical chart,
before it falls. Low float.
EVDY check $7 level for short. Failed morning spike on Friday but
finished above $6 resistance. First green day so just watching.
CLNE historical spikes met with selling AFTER 1-2 DAYS.
Levels: $3.20 rejection or fall below after morning spike.
GRWC and MWOG p&d’s. Watch for fall as they’ve spiked over 3-5
times value in April.
Earnings winners
SNCR fairly choppy historically but in large spike and falling below
$35 resistance. First green day so could spike but would look to short around
$40. I don’t like stocks priced this high, especially earnings winners like this.
Levels: $35, $40
ATTU slow D/T, sudden volume spike second green day. Earnings winner
with potential to spike further. Low float but not great spikeability.
Levels: B/o or double top $9.60.
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