FULL ANALYSIS AND CHARTS BEFORE 6AM EST MONDAY. You don’t have this many candidates show up off the start of a trend and not have at least a bull market that last a little while. There is only ONE FULL SELL out of MANY RECENT LONG POSITIONS that have been EXTREMELY successful. That is TOWN. So if you went long TOWN, you do need to reverse the position as that is the absolute OPPOSITE of how a stock should act after you go long. The action couldn’t be any more bearish and a complete reversal of the reason to get long. Everything else is holding up to near perfection.
If you are a new active-investor, obviously you should ONLY focus on the Featured stocks. That means you only have three to choose from or you can take them all. Everything else that you see here is extremely speculative to some degree or another and will not represent much of any position of mine. Still one or two might be heavier than usual. I will make that decision on Sunday. For now, I know that it is smart to focus on the Featured stocks for now, as this market gets stronger, these stocks will clearly lead and outperform the rest. This is a bull market, despite the bull being very small and not too strong.
new Featured long position: XCO ACM
XCO is bouncing off the 50 day moving average and is nearing a breakout to a new 52-week high, on very strong volume. Cut your final loss with a close below the 50 day moving average, if the stock does not move higher immediately.
ACM is breaking out of a base on base pattern, on very strong volume. Cut your final loss with a close below the 29.58 level, if the stock does not move higher immediately.
new speculative Featured long position: BEAT
BEAT is breaking out of a cup pattern, on above average volume. Cut your final loss with a close below the 22.56 level, if the stock does not move higher immediately.
new speculative long positions: AVAN ROYL BPSG DTSI NCOC
AVAN is bouncing off recent support and coiling for a breakout to a new 52-week high, on above average volume. Cut your final loss with a close below the 50 day moving average, if the stock does not move higher immediately.
ROYL is breaking out of this short-high-tight-symmetrical triangle pattern, on strong volume. Cut your final loss with a close below the 4.88 level, if the stock does not move higher immediately.
BPSG is bouncing off the 50 day moving average and nearing a breakout to a new 52-week high, on strong volume. Cut your final loss with a close below the 50 day moving average, if the stock does not move higher immediately.
DTSI is breaking out of a sloppy cup with a perfect handle pattern, on very strong volume. Cut your final loss with a close below the 50 day moving average, if the stock does not move higher immediately.
NCOC is breaking out of an extremely strong saucer with high handle pattern, on extremely strong volume. Cut your final loss with a close below the 6.25 level or the 50 day moving average, whichever comes first, if the stock does not move higher immediately.
adding to existing speculative “hot” IPO position: NOG
NOG is breaking out of a short consolidation pattern that is just part of the overall uptren, on very strong volume. Cut your final loss with a close below the 9.96 level, if the stock does not move higher immediately.
Same sell event for IIVI as TOWN?.
IIVI also did an identical clear price reversal on HUGE volume as well.