Friday I was watching MDGS,SGBX, and VVPR closely. All had news that caused premarket spikes. My interest was a big morning spike to dip buy.
SGBX is a basic materials sector who announced a company agreement causing the stock to go from the previous day .70 cents to a high of 1.88 premarket. The stock opened at 1.23 and successfully spiked to 1.75 by 939am. From here there was a dip down to 1.52 back up to 1.65 within the next 5 mins.
1.40 was the month breakout. The breakout was initially successful.
Also looking at 6 month chart support is near low 1.50s.
VVPR is a utilities sector who announced earnings causing the stock to go from 1.49 close to a high of 2.45 premarket. The stock opened at 1.94 and spiked to 2.18 in within 3 minutes before dipping back to 1.95 and spiking to 2.34 by 939am.
2.60 was the month breakout which VVPR was nowhere near around open.
I did spot 1.95ish and 2.06ish support on 6 month chart.
MDGS is a technology sector who announced news on receiving their 1st substantial commercial order causing the stock to go from 2.47 close to a high of 4.45 premarket. The stock opened at 3.46 and panicked at open to 2.77 within 9 minutes with no indication of possibly going red to green. No play here for me.
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