DO NOT TRADE MID DAY AS ILL BE ON THE ROAD FOR OPEN AND DON’T WANT TO JUST JUMP INTO ANYTHING. SPOT MORNING MOVERS WITH CONSOLIDATION AND POSSIBLY BUY POWER HOUR B/O OF MORNING HIGHS.
$BIOC - Up 70% ON PATENT NEWS. With strong finish on day. First green day, held highs, with catalyst this should be in play tomorrow. It went parabolic earlier this year up to 3.39 so has running potential. I missed the O/N position and wont be around for the open but with watching to see if it runs in the morning then consolidates preferably around(above) the vwap which will make a power hour break of morning highs the ideal play. Todays 1.20, if it breaks this tomorrow I want to see this as support mid-day. I don’t believe in this company just see a potential for a quick run.
$VTGN - Another biotech with patent news today. Closed at mid range, first green day with a catalyst. Could run but has a lot of overhead resistance(1.20 & 1.50 major resistance on 1yr chart)