Watchlist - 12/18/2017

Selecting Stocks and Analysis


$LFIN gapped up to twice its value during premarket. Insane.

$PIXY

Support at $3.80 and resistance at $4.30 / $4.45 / $4.60.

Float: 3.27M
Short: 5.83%

$VIPS

Real company so it will trade differently. Resistance at $12.50 / $14.20 and premarket support at $12.05 / $11.25.

Float: 499.11M
Short: 5.64%

$TRXC

I’ve traded this one before. Resistance at $2.50 with possible support at $2.30.

Float: 174.23M
Short: 8.55%

$MARK

Fresh catalyst. I have $8.73 support marked from a while ago and it is now holding that level. It is in a descending triangle at the moment though. Dip buys only on this one.

Float: 19.45M
Short: 4.45%

Watchlist Review

There were quite a few Bitcoin related OTC stocks that moved. $MGTI and $INTV mainly. Both had perfect dip buy opportunities and $MGTI was a pretty obvious short at $5.10 that I almost took.

$PIXY was too illiquid but had a nice bounce off $4.00.

$VIPS had a massive panic at the open which was probably just bag holders from earlier in the year getting out near $12.50.

$TRXC sold off and didn’t really give an easy entry to buy.

$MARK had multiple consolidation levels that would have worked really well. I didn’t notice any of them until it went up.

I wasn’t watching $LFIN because it was over $20-$30 which isn’t what I normally buy. There were a few good opportunities besides just chasing it up to over $140. It didn’t even show up on my intraday scan because it’s over $30.



Disclaimer

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.