CDMO - Not very low float, 36 mil. Bit of a former runner, typically runs for 1-3 days and then fails. Had its second strong green day in a row. Candles running end to end. Baggy long-term chart. No news of any importance, catalyst is some research firm posted a favourable article on seeking alpha. Weak catalyst at best imo. No warrants and no longer has an active ATM offering. Ran through 2.93 and today topped out right at 3.35 resistance. Closed strong today so likely has some strong morning move, not expecting a gap up, because it didnt gap today. If gets through 3.35 will be looking for a potential short near 3.71. Will be watching for it to start "sprinting" (covers more ground in a shorter time, compared to previous days) to confirm parabolic over-extension. 2.93 might be decent support if its gets back down but not too convinced by 3.35.
SLS - Low float. Former runner, often fails on day 1. Super baggy chart, just horrendous. Posted some positive phase 2 data, huge move today. No ATM offering, no warrants. Was halted multiple times on the way up, but held up well above vwap which kept longs happy and shorts in trouble. Held it gains well compared to its history. Its difficult to determine what day 2 might be like on some of these supernovas so will be very reactive not predictive. But this news is not that strong, it will likely be a down day tomorrow. Sideways afterhours, if gaps down or sideways, will be interested in an over-extended gap down type short, hopefully into some resistance, if it gets up to 9.90ish res will consider it. But if gapping up, will probably stay away unless the bid looks very weak.
OREX - Low float 11 mil, former runner, can run for up to 3 days before failing. No news as far as i can see, super baggy, downtrending chart, likely just shorts covering. Has an active ATM offering. Not a whole lot of support below, didnt establish much today. Will look for a day 2 short tomorrow. Closed decent today so not expecting a gap down and fail, i think it might have another go at todays highs in which it will likely fail. Ill look to short then.
Overall Markets - Tanking, hit a lower low, we have officially entered a bear market.
any winner on BTSC? i posted this yesterday
I don't understand your question, but you should try focusing on stocks that are in play, BTSC has been dead for a while now
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