SHMP continues to hit news highs, and I continue to under-estimate it. Now even more over-extended. I will continue not to chase even if it ends up morning spiking like it did this morning. It found its bottom today at .70c which was yesterdays high so I will use 70c as multi-day support now. Todays high was at .90c so that will be my resistance level/exit level. Only playing this one on a Panic/bounce play preferably at the open. Very over-extended. I WILL NOT CHASE. current price is at .84c which is near mid-level. So currently no play. I will let the play come to me and if it doesn't thats fine too.
TPNL had a slight morning panic and tried to bounce but couldn't break yesterdays resistance level at 7.10ish. But eventually did. Todays high was at 7.80 which happened midday. In the late afternoon it tested that high again but couldnt break it. Current price at 7.70ish. Volume also faded so I don't think it will be able to break the 7.80 high and also its very over-extended so its due for a morning panic. Levels that I will be looking for a panic/bounce are 7.25ish, 7.10ish, and today low where the panic/bounce occurred at 6.65ish. And ideal exit will be todays high 7.80s.
I will be watching both at the open. I prefer SHMP over TPNL because SHMP still has big volume so that means if there is a panic/bounce there can be follow up legs. But both are massively over extended and due for a panic.