I missed about 1.5 weeks due to a terrible sleep schedule, but I’ve still been checking in on the market each day.
Nice run up on Friday breaking $3.70 resistance but didn’t hold its gains too well. Watching over $3.70, $4.23, and $4.38. Long term chart is pretty awful. Not doing much premarket so it might not do anything today.
Spiked on Friday due to a Bitcoin trading announcement. Looks like a failed breakout over $7.35. Not much volume over the initial spike. Kind of choppy.
Up on earnings forecast. Not sure how to play this since the earnings have not actually come out yet. Awful long term chart.
- Endo Announces Certain Preliminary Financial Results for Third-Quarter 2017 and Affirms Selected 2017 Financial Guidance
Spiking on revenue news. Sold off 25c so not sure about it. Resistance at $3.75.
Sphere 3D Corp - preliminary net revenue for Q3 of FY 2017 expected to exceed $21.5 million, representing a 16 percent increase
Waiting for it to bottom so I can start a longer term position in E-Trade. It has some support in the $11.30s but I feel like it could tank more.
Terrible long term chart and a little too low priced so probably won’t trade it.
I watched $ENDP sell off at the open really fast. It bottomed and I thought about dip buying but I didn’t think it’d go up much so I didn’t get in.
$SPCB had a delayed spike and I was watching the pull back. It could have been good but I would have had to sell immediately since it got rejected twice in the low 4s. It sold off hard after that second attempt. Pretty significant support at $3.60 but I just don’t trust it with that huge sell off and it not being able to break past $3.70s now. Conference call at 10:00 AM thanks to ToS. Definitely don’t want to buy into that.
I didn’t really like anything premarket so I wasn’t expecting to trade. I really liked the risk/reward on $ENDP for the dip buy but wasn’t sure about it.
I am not a registered financial adviser/broker/anything. Use this information for entertainment/informational purposes only. Any tickers mentioned are not recommendations to buy/sell/or sell short. They are used as examples only.