Stocks to Watch Tomorrow
ISON:
GIGA:
- Like I've said a week ago (Below), ISON had been struggling to find buying interests for weeks and it couldn't even hold 2.5 today when the major indexes were performing exceptionally well. Seems like the company is going to be out of business soon, huh?
- http://swingtradeguru.blogspot.com/2005/03/able-re-entry.html
- Well, not really! Dont be panic, it is not done yet:) I expect it to make an intermediate-term bottom in the next day or two and it is due for a major bounce back to 3s in the next two weeks. I'm going to accumulate at 2.1-2.3 tomorrow&Fri and hold till next week to see what happens next. I will sell ONLY if 2 is broken with large volume.
GIGA:
- This stock is on my daytrading list for a quick bounce back to 5.5 . Two entry points here: For swingtraders, get in as close to 4.25 as possible and break of 4.2 is your stop-loss; For daytraders, get in upon break of 4.5 and set tight stop-loss (15 cents below).
- http://bigcharts.marketwatch.com/quickchart/quickchart.asp?symb=giga&sid=0&o_symb=giga&freq=7&time=18
STEM:
- This momentum stock broke its downward trending line today with larger than normal volume. I'm interested in owning it in the morning around 3.2 for a short-term bounce to 4. My stop-loss will be set below 3.
- http://bigcharts.marketwatch.com/quickchart/quickchart.asp?symb=stem&sid=0&o_symb=stem&freq=7&time=18
ABLE&GEOI:
- These two stocks bounced back a little bit during the last two hours of trading with relatively small volume. However, since the up-volume was insignificant, I dont see it going higher beyond this point and I think it will retrace lower to high 8s in the next few days. So I will keep my entry points (8.85 for ABLE & 7 for GEOI) for now.
Trade well for tomorrow!
posted by dreamrealizer at 3:39 AM
1 Comments:
Hi Shawn,
I will definitely post a lot of stocks over $10 when I see them worth mentioning. Thanx for pointing it out.
AIRT has formed a High high High low pattern today, but the volume looks not so great. It needs more momentum to push it up. I will buy ONLY if it can break 18 with large volume and stay above it.
TASR looks bearish to me at this point. Its selling pressure is still too high and most importantly, as you can see from this chart, it broke its 200-day MA for the first time in Jan during the past two years and that is not a good sign. So if the company doesn't come up with some powerful news (ie. great earning projections) in the very near future, I see 10 as its next stop.
http://stockcharts.com/def/servlet/SC.web?c=TASR,uu[h,a]daclyyay[de][pb50!b200][vc60][iUb14!La12,26,9]&pref=G
NGPS closed above its 50-day MA today with large volume. Its chart looks great at the moment and I expect it to touch 25 soon.
I have a revised short-term target of 14 for ABLE and 12 for GEOI. Stop-loss will be set as 10.4 and 8.7 respectively.
Hope it helps. Good Luck with your trading.
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