Happy Sunday everyone! I hope everyone is enjoying their weekends and getting some studying in! I finished the week strong nailing a $90 profit in MNKD and closing out my swing in ATHX for roughly $70. I finished the week up more than $300 and I passed $2000 in profits on the year, which was very exciting considering where I came from. 500%!! This shit is REAL if you put in the work and dedication! No more excuses people, study your ass off and good things will happen. I’ve heard some people say I’m lucky…Luck is when hard work meets opportunity in my eyes so that’s fine by me. I take advantage of opportunities that I’m prepared for when they present themselves. Here’s a look at what I’ll be watching tomorrow as of now…I always scan PM to see what’s hot or moving as well!
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MNKD – This has been squeezing for the past few days and breaking out nicely to new multi-month highs. I wouldn’t be surprised if this squeeze continues on Monday up to the $2.50 range but I would be more confident shorting this after that squeeze. If this jumps back up to $2.20 in the morning and can’t breakout, I’ll see if I can find shares to short. If it keeps going, I’ll wait until this get’s closer to the $2.50 range and try shorting it there. Eventually this will come back down to the low $1’s next week.
ONTY – This is an earnings winner that broke out past multi-month resistance and held up above that level into the close on Friday. $1.20 would be my ideal entry for a dip buy here. The next key resistance levels here are $1.50 and $1.75. I can see this earnings winner getting back to those levels easily next week so I’m going to look to get in here first thing in the morning tomorrow on a potential dip.
KEG – All these small cap energy plays have been going crazy the past few weeks as oil has been rebounding. Here’s one that is trying to breakout of multi-month resistance at $0.53. Ideally, I’d like to catch this on a dip back down to the mid $0.40’s but it may not get there. If this starts off hot in the morning, it may spike quickly back to the $0.80ish level, which would be beautiful. I’ll be watching this closely tomorrow to see where oil is headed and how it reacts PM.
CVEO – This is a former runner that recently went from $2.50 to $5 in a month and then crashed back down to $1. After finding some support at $0.75 this year, it’s now trying to breakout past $1.70 resistance from back in December. This had a ton of volume right at the bell as it was closing strong Friday. I can see the momentum push this up past $1.70 tomorrow morning. If it cant breakout above that level, I may look to short it as this really doesn’t have a major catalyst other than having to close above $1 for 18 more days straight but that’s not saying much.
Also on the radar: PBMD, VCEL, AVXL, CIE, NXTD, ATHX