Watchlist 12/06/2018:
· NNDM: (short only) +135% from 1-3 within the same trading day. Wait for a vol. fade and check key support levels. Key sup 2.30 and 2.76 (seems to be broken – keep analyzing).
Closed 50 c below its hod. Had a weak close with a fading vol.
I would love to short this stock as it has a very bad long term chart and history.
Ideal entry would be below key res at 3.20 (i.e. 2.80-3.10). must watch vol and if they will have a press release soon.
· NFEC: step ladder set up, wait for a good panic to dip buy into. Check key support levels. No news, low float, very dangerous to short. Energy play, be careful.
· SNES: spiked yesterday and held its gains. Recent runner with lot of bag holders. Potential short squeeze. Therefore, wait for a dip buy with good vol. (check avg vol.). key sup 1.63, key res 1.80.
First green day on a runner with good vol.
Over night play 220 shares at 1.82. looking for a 10-15 c/share gain. i.e. to sell at around 1.92/1.97
Risk: 1.70
Reward 2.30
Assets: decreased by 2,151,000 Q-Q (negative sign)
Liabilities: decreased ~200,000 Q-Q (slightly positive sign)
Equity: decreased ~200,000 Q-Q (negative sign)
Market cap:
Net loss per share improved to -0.16 from -0.34
Issued around 6,000,000 common shared Q-Q (negative sign?)
Losses improved by 790,000 Q-Q
Outstanding shares:16.54M
Float: 13.5M
Must be in market early during pre-market hours. Once my goal is reached, I will exit. Otherwise, I will cut losses quickly. I am already down by 15 usd as the price closed weak.
· AXON: shorts got squeezed. Good for a potential dip buy into a morning panic. Check analyzing key sup and res levels.
Might be a potential short tomorrow if it cannot reach previous key resistance of 5.35. However, Steven Dux said in his video that he will only short if the price goes below 3.5 – 2.5 range. I will wait and see what will happen next.
· LIVX: doesn’t hold its gains.
· NAKD: active premarket, low float with merger news (not a strong catalyst).
Avg vol. 55 K ( 3m)
Has a bad long term chart. Cannot hold its gains after a spike.
Gapped up in the morning. Requires more time to show itself. I would consider buying at a pullback.
Resistance at 2.60
Hey man that wasn't a bad watchlist! Keep up the good work :)
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