webman9113

webman9113

Awesome move today by AMEX:TAN ! It’s about to encounter a stiff resistance zone, but hopefully will have enough momentum to power through.

webman9113

This play is absolutely a bottom fishing expedition. However, TYME is above the conversion line and on Friday made a decisive close over the base line after a long downtrend, and on a huge volume spike. The cloud looms overhead as resistance, and there’s no telling what will happen then. Entry will be above Friday’s high, with a protective stop below the low.

webman9113

The biotechs are turning up, and VCYT is one of them. Factors on the chart are bullish: above the (green) cloud, above the base line, and Friday closing above the conversion line on a huge volume spike. Lone entry will be just above Friday’s high, with a protective stop just below the low.

webman9113

Price has closed above the base and conversion lines, and is above the cloud: all bullish factors, plus rising volume. Entry will be just above Friday’s high, with a protective stop under the low.

webman9113

I’m not entirely happy with this play, but based on the volume and other factors on the chart, I’m going to go with it. The good: price is bouncing off the top of the cloud and is above the conversion line. The not-so-good: it pegged the conversion line, but didn’t close over it. So the conversion line may pose some resistance. Entry will be just above Friday’s...

webman9113

A long entry in NYSE:CNDT is another bottom fishing expedition of sorts, although that volume spike and decisive crossover above both the base and conversion lines are pretty enticing. Entry is just above Friday’s high, with the stop below the low.

webman9113

NYSE:EQT price made a bullish close over the conversion line on a huge volume spike. This is a bit of a bottom fishing expedition with less risk of success, as there’s overhead resistance in the form of the base line and cloud. Entry is just above Friday’s high, with protective stop just below the low.

webman9113

NYSE:GRUB looks like it’s making a breakout attempt over the flat zone of the cloud at around 77. Entry is just above the previous high, with protective top just below Friday’s low.

webman9113

NYSE:NBR is poised to make a bullish crossover of the conversion line over the base line and had a huge volume spike. It still faces overhead resistance from the cloud, but if it moves high enough quickly enough, it may be able to punch through the thin cloud zone. Entry is just above Friday’s high, with the initial stop just below the low.

webman9113

NYSE:PEI closed above both the base and conversion lines on rising volume. This entry is riskier because the flat bottom of the cloud may offer some stiff resistance. Entry will be just above Friday’s high, with the initial stop just below Friday’s low.

webman9113

NYSE:PUMP ’s Friday candle made a bullish close over both the base and conversion lines, with an impending bullish crossover of the conversion line over the base line. On top of that, there was a huge spike in buying volume. Entry is 1 penny above Friday’s high, with initial stop 1 penny under Friday’s low.