Going into Monday session, I am still holding SSN from $2.29 and $AMWI from $0.1752. For SSN I am willing to hold as long as $2.10 support not breaking down and looking to get out of $AMWI on Monday or Tuesday. Members, if you have any confusions/questions please email Jay at Jason@JasonBondPicks.com or add me on Skype: Boom2703.
Here is my watch list for Monday 21st of November:
Renren Inc. (RENN)
RENN is also on top of my radar for bounce play (momo). This is exactly how I am going to play RENN: Get in a position if the stock going to close above 4.33. For example, buy some if the stock hit 4.34 with increase in volume during the day and add some more at the end of the day if it looks like RENN going to close above 4.33 for sure. Sell HALF into Tuesday gap-up and the rest stop at entry price. OR sell whole position if the stock not gapping at all on Tuesday or take a small loss if it gaps down.
China Techfaith Wireless Communication Technology Limited (CNTF)
It is at bottom of the channel right now and earning is coming out on Monday. I will wait and see action on Monday and trade accordingly. A candidate for swing trade, stop just below $2 and looking for $2.30s-$2.40s range.
Citi Trends (CTRN)
I like swing near $10ish. I think we could see $12 if the chart turning back up again. Will have to wait for price action and volume to confirm the trade. So far, nice gliding down and need to accelerate a little bit more before big bounce.
Raptor Pharmaceutical Corp. (RPTP)
On top of my radar for breakout play on Monday. Looks like a gap and run to me for now.
Sigma Designs, Inc (SIGM)
Also on the bottom of its channel now. Could be a good swing down here but need to see lv2 for confirmation bid support. Good risk/reward.
