Sunday, March 23, 2014

Recap of Watch list for 3/21/14

A - Trades:

TEMN - Up 15% on the day - Monday will be very important to see if this pattern will play out. I would call this a strong buy at .0033 for an accelerated move up - hard to say where something will go when it is blue sky but I would watch for resistance around .0044.

Previous post =  [This is a very cheap stock with a surprisingly solid chart. Its almost formed a fry pan bottom formation, the 8 day just crossed the 20 and it is getting close to a breakout pattern on the chart. I like it! The Fry pan bottom is officially confirmed by a gap up after it form the right side of the pan. The safest play is to buy it on the gap up open. If it does not gap up soon, I think you could also wait till it breaks thru .0033 but .003 has also been major resistance in the past. If it breaks .003 with all of the other things going for it I will likely buy it anyway.]

CBIS - This still looks good to me as long as we don't dip back below .18 or so which I don't expect.
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Original post for CBIS = [Watch for a breakout at .21. I would expect a move back to .25 to .30 if it breaks .21 with conviction.]
 

FITX - This is still in tact and a solid play on a breakout of .11. Could take some time to play out but should b e a solid play when it does.
  - Original post for FITX = [Watch for breakout at .10 for a likely run to .11. If it breaks thru .11 which I expect it will very soon it could have a really good run. It may not make it thru .11 on it's first attempt but I think it will very soon.]



B - Trades:

FFFC - This is still in tact but looking less compelling continue to watch.
   - Original post [This is another sleeper play. I think there is a chance it could wake up in the next few days. If it wakes up I will buy it, I will probably safely hold it till .0020 or maybe .0028. It a bit dicey at these levels. ]

REVI - This is still in tact but looking less compelling continue to watch.
- Original post for REVI = [Looks dead in the water but has some technical indicators that make me think it could be getting revi-ed up for a run. Keep an eye on it and jump in on big volume in an upward direction.]

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