They definitely are not perfect but I want everyone to notice how CVO and MPET look good on a long-term, intermediate-term, and short-term time frame. Hopefully, we will start to see more of these patterns not just in speculative names but in higher quality names too. It’s a start. Aloha.
New Long Positions: CVO (1%) MPET (0.5%) MIRN LTBR (0.25%)
CVO – Suggested final cut loss/sell stop level: 6.54.
MPET – Suggested final cut loss/sell stop level: 5.30.
MIRN – Suggested final cut loss/sell stop level: 1.43.
LTBR – Suggested final cut loss/sell stop level: 1.25.
Speculative Sells:
50%: JYNT HK ONTX – JYNT HK are closing below their 50 DMAs on above average volume, both stocks are holding their final cut loss levels, cutting some losses. ONTX is closing below its 20 and 50 DMA on above average volume, locking in some gains.
100%: INVA – Fail, cutting losses.
