7 Stocks To Watch On 08/30/2019
VTSI I'd like to see a PR pre-market for a quick morning spike before 9.45, the long-term chart is terrible but it's never had volume like it did today, which renders the LT chart irrelevant.
TTOO I considered going long o/n which would probably work out well heading into Friday, but I simply can't buy long a stock o/n with shelfs filed only last month - I'd watch for followup news/breakout volume tomorrow for continued squeezing to the 1.70s
RKDA was this months best short squeeze example, catching people off guard with a 45% short interest and raised earnings guidance for 2020 - I'm keeping this on watch for a Friday spiker, it so nearly closed green on the daily candle but just couldn't do it - let's see if this can ignite a squeeze back to $9 tomorrow, ideally with followup news.
EGO, PERI, OMI & MGI are all recently strong stocks I'm looking at for breakouts over recent highs and/or sharp retraces to key support levels, MGI seems to have the most momentum behind it, so that's my primary watch of the group - ideally we get a weak open r/g setup for an entry @ $4 natural & technical support.
3 Tips - only trade stocks if you can;
A - clearly define risk based on prior support levels
B - neutrally identify your profit/loss potential
C - expect a sizeable move based on a catalyst i.e. news/pattern/sector
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