@Cincy231@KrisVerma88 Yes obviously itโs not going to do exactly what UGRO did, but after massive range and volume like that the volume is going to go into another ticker. EEIQ was the perfect symp for people to go into next.
Two watches for this morning are going to be $FEED, high short borrow rate, potential backside bounce consolidating around key zone of volume
$ONCO is only day 1 on watch, low float, little dilution, has a small ATM but has trade enough volume, watch $5.30-$5 zone for support
Love coming into the morning open with only one ticker $EEIQ and nailing it, started position in premarket $4.54 then at open doubled down at $4.70.
Best sell was $7.10 so not perfect but I'm taking the meat of the move, don't like holding for too long on these low floats
Knew the risk on $FEED volume was starting to build near morning lows, but as it tried to push got slapped and put all the morning dip buyers underwater, small 0.5R loss
Ended up underestimating $ANNA but can't complain getting over $1.50 per share
$ANNA already played out pretty early, got in at $5.50 best sell being $7.28
$BIAF was on watch from last for a short, but fading already in premarket, don't usually short in pre maybe a push at open
$FEED a possible morning reversal setting up, has heavy resistance $2.35-2.50
Not much on watch for today other than two day 1 movers.
$GMEX nice small float with a very beaten down weekly and daily chart, could have a nice run today, would say it needs to hold $1.12
$UGRO is second watch recent RS, micro float, and no dilution, recipe for big move
$ARTL my only trade today, got most of my sells up in the $9s, best being $9.66
Price action flipped with volume being heavy around the $9.30s so was a good indication of the run being done for the day
Calm, cool, and collected this week, only two trades, feels good.
$ARTL my number one watch for today, micro float, no dilution and great range still to $11, shorts are looking stuck on this, watch for quick sweeps down and recover, this is in play as long as it holds $6.70s
$EDSA could have another liquidity trap, just won't break down
@Killingit55 No volume there, want to trade in play stocks or stocks that have had recent moves with volume that are holding up.
But not a bad longterm watch, thanks
$SWMR recent IPO, low float, nice sector, would be watching for a dip buy around $33-$31 range, looking for possible day 2 continuation.
$HCWB possible liquidity trap, meets a lot of criteria for a great setup, but not the biggest fan of current price action, would be patient.
Man didn't think I would really take anything today, but just shows why you do show up every single day.
$ARTL RS pump $6.08 with most sells being $7.90s, could see this going to $10 maybe $11.
Will trade it as a different setup at open, but definite watch for more momo
With it being FOMC day, can definitely change how an A+ setup can work, so either don't trade, or look for extra confirmation and size down.
Know when to press size.