No trade for me on Friday. Congrats to those who still holding $DOGO, impressive pick from Jason (as always). $HEAT did provide some good short in the morning after $2 breakout but couldn’t hold. That was a good short on the first pop down to $1.80 and again from $1.75 to $1.60 on the afternoon fade. $TNCC down 1cent on Friday so now it’s $2.52 and support still at $2.50. I still think that this is going to bounce off of $2.50 and if not your risk is 3cent/share. The last 2 bounces have been from $2.25 but we can see that the chart is trying to base here and hope we see some volume on Monday. I will be looking to long IF volume comes in. $GRO.. oh well I thought this is going to base and has more legs on Friday but it sell off earlier than I thought. The chart looks really ugly but believe it or not, I think it is a good buy on Monday! Again if any of you in chat has a problem with entry and exit point please PM me and I will be happy to work with you. Also I encourage ALL of you to get level 2 quote from your broker because it makes it easier to determine support and resistance. PS: Rumor of big play might come this week so stay tune in chat for the announcement! Here is my watch list for Monday 25th of July:
Wowjoint Holdings Limited (BWOW)
Run up on good news. This might have some legs next week but I’ll be looking to short on Monday on morning spike. If opens weak, then I’ll buy for r/g and might re-test $4.
China Education Alliance Inc. (CEU)
Every big perk off of support has been a sell of, so I will reserve some shares to short just in case $1.20 didn’t break and run. If $1.20 break on the bid with volume then I will be buyer with tight stop.
Parkervision Inc. (PRKR)
I have mentioned this in chat couple times but didn’t play it. Now the chart is looking good and looks like it wants to reload here on Monday. Watch for a pull for entry and keep stop loss just below $1. Target $1.50.
Pacific Golf Corp. (PCFG.PK)
The chart looks like they are working on something here. Company has no revenue, and only $30k cash with $2.83milllion in debt. I have a feeling that this thing can goes super nova if $0.07 break. Keep it on your radar.
Gasco Energy Inc. (GSX)
Watch this pull back and consolidate over/under $0.30 then gearing/perking towards $0.35. I will be watching this one for the whole week because I think we will see a big green candle again.
VisionChina Media Inc. (VISN)
Watch for weak open and gearing towards $3. This is my favorite set up here for $3 break and pop with volume to $3.50.
ReneSola Ltd. (SOL)
Trying to break $5 for couple times and fail. If $5 break and hold then we might see multi-day run like $HDY. I really like this setup because of the higher lows and it is forming ascending triangle here. On Monday, I think we will see perk off from the base like $VISN if $5 breaks. $$$
Universal Bioenergy Inc. (UBRG.PK)
Hit accumulation scan and might see another run-up like back in May. If so expect a consolidation just over $.07 on Monday and big green candle on Tuesday.
