Watchlist for Thursday April 9th 2015

Today’s Watchlist

Small watchlist for tomorrow. I couldn’t find too many good stocks at play that mach my preferred patterns. This is what I came up with. Not many long opportunities as this week has had few earnings winners and few contract winners following the Easter holiday. A few potential short positions that I will be considering tomorrow if the price action/volume is there.

Recap for the last couple of weeks

Over the last couple of weeks I’ve been working on a couple of projects and I’ve been studying my strategy hard in order to improve my overall trading. This kept me from making actual trades, since I was mainly focusing on the learning aspect rather than the experience aspect.

Today’s Watchlist

$VLTC ATR Risk/Reward Support Resistance Rating Goal Bias
0.4636 1:1.20 K3.31, 3.55, 2.12 K4.75 ★★ $0.20-0.30/sh Long
Notes
Potential dip buy, up on news of billionaire investor taking stakes in the company. Stock finished green on the day. This may still spike some more on Thursday.
Concerns
1st red day on Tuesday, may fail to spike and start fading or crashin as it seems overextended.
$AMCN ATR Risk/Reward Support Resistance Rating Goal Bias
0.1200 1:3.43 2.67 3.05 ★★ $0.30-0.40/sh Short
Notes
Stock spiked on weak news on the 6K announcing the sale of 5% equity interest. Shaky news, strong price action and then faded.
Concerns
Shares to short may be difficult to obtain
$DSKY ATR Risk/Reward Support Resistance Rating Goal Bias
0.5014 1:5.14 8.54, 8.29 8.94 ★★★ $0.4-0.75/sh Short
Notes
Stock is up for no particular reason; news have been made available that a lawsuit has been filed against $DSKY. This makes it a potential stock as the price has been overextended on Wednesday without any proprer news to back up the price action. My expectation is that the price will retrace bacl to the 7.20 mark during the day on Thursday. Potential short based on price action.
Concerns
May spike smore, as it has done on Wednesday without any proper catalyst. Illiquid stock, beware.
$TEDU ATR Risk/Reward Support Resistance Rating Goal Bias
0.3550 1:4.84 11.12 K11.92 ★★★ $0.4-0.75/sh Short
Notes
Price is overextended, up $2 on Wednesday without any catalyst. Potential short position. Key resistance around 11.92, which may limit the upside. I expect the stock to retrace its gains over the next couple of days given that there is no catalyst to support such a move. An agreement was signed with Adobe on 25-03-2015, with little reaction.
Concerns
SStock may spike some more, Priced on the higher end of the penny stock range.
$YOKU ATR Risk/Reward Support Resistance Rating Goal Bias
0.7814 1:7.80 15.44 16.25 ★★★ $0.4-0.75/sh Short
Notes
Stock was up $2 on Wednesday without any proper catalyst. Stock is up from the Mid-$11 price point starting last week. This stock is expected to collapse without a proper catalyst. Current resistance line is around $16.25. Additionally, the 1yea chart shows that the stock has gradually been downtrrending and has consistently failed to maintain its gains. This is a potential short; may have a potential panic at open.
Concerns
Wednesday was 4th green day, this stock may continue spiking a bit longer. Stock priced on the high end.
$SFUN ATR Risk/Reward Support Resistance Rating Goal Bias
0.3479 1:5.59 7.22 K7.66 ★★ $0.3-0.4/sh Short
Notes
Another stock up $2 of the last week without a proper catalyst to move the price up. The yearly day chart shows the stock progressively downtrending in a crow chart pattern. I expect this stock to retrace some of Wednesday’s gains over the next couple of days. Potential short position.
Concerns
The chart for this stock is a little bit choppy, and the price has 3 conscutive green days, which may indicate a potential continuation for the momentum.

Compressed List

$VLTC $AMCN $DSKY $TEDU $YOKU $SFUN
VLTC AMCN DSKY TEDU YOKU SFUN