REDF-Been saying a dead cat bounce for a few days now. 6m chart looks like it…closed under the 50MA but I’m more interested in the $10 mark (moving averages keep moving, S/R levels stay the same). Maybe the fact that it did close under the 50MA will cause some TA traders to quit this thing and it fills the gap down. Target is the low 9s.
OPTR-headed to a major test, looks like 13.60ish is next support. I’ll look for an out if it gets past 15. Want to see it under 13, maybe 12.75 before closing my put.
CIS-looks like 16.75 may be the support/resistance level…if it looks like its resistance I’ll hold my put, becomes support or goes back over 17 I’ll look to close. Its closed the gap and on the 5d looks like 16.50 support, break that and I’ll get excited.
YONG-interesting developments on this thing over the past few weeks. I think two weeks ago there was some accounting issues brought up which caused it to drop down to the threes. Then some news from Morgan Stanley caused it to fly 50%+ last week Tue. Then afterhours Fri a class action notice was PR’d causing some panic down to 4.30s. We’ll see how this plays out tomorrow. Hopefully folks will remember to republish the PR before the open to make a big panic after the open so I can close out my put that I bought when this thing jumped up on Tue. Its been a slow move back down under 5, so it’d be nice to finally see something strong.
Follow the rules: Cut losses quickly; Don't overtrade; Take profits/sell into strength; Have a plan and stick to it
View my other posts/give me some advice at http://part-timepennystocktrader.blogspot.com/. Follow me on twitter @BNGESG.
OPTR-headed to a major test, looks like 13.60ish is next support. I’ll look for an out if it gets past 15. Want to see it under 13, maybe 12.75 before closing my put.
CIS-looks like 16.75 may be the support/resistance level…if it looks like its resistance I’ll hold my put, becomes support or goes back over 17 I’ll look to close. Its closed the gap and on the 5d looks like 16.50 support, break that and I’ll get excited.
YONG-interesting developments on this thing over the past few weeks. I think two weeks ago there was some accounting issues brought up which caused it to drop down to the threes. Then some news from Morgan Stanley caused it to fly 50%+ last week Tue. Then afterhours Fri a class action notice was PR’d causing some panic down to 4.30s. We’ll see how this plays out tomorrow. Hopefully folks will remember to republish the PR before the open to make a big panic after the open so I can close out my put that I bought when this thing jumped up on Tue. Its been a slow move back down under 5, so it’d be nice to finally see something strong.
Follow the rules: Cut losses quickly; Don't overtrade; Take profits/sell into strength; Have a plan and stick to it
View my other posts/give me some advice at http://part-timepennystocktrader.blogspot.com/. Follow me on twitter @BNGESG.
