Wednesday, March 9, 2016

Recap for 3/9/16

HK = Still holding - Nothing has changed here. 1.64 is major resistance and we are still way above the 8 day. 1.00 looks like it is holding as a solid resistance. Below that would scare me out short term.

BLSP = Acting very well. I still think it is good till .12 over the next several days or so. I'd feel safe as long as it stays above the 8 day and had moderate volume.

PLG =  This one is acting well and is way above the 8day. Closed red as I expected it would and needs to consolidate to let the 8 day catch up. On Target

XCO = Opened strong and ran up past my target for this stock at 1.80 where I would have sold. It gave back much of the gains closing at 1.64. Strong over all but we need to see how it acts over the next few days. Direct Hit


MUX = Opened weak as expected and pulled back to 1.77. I said id like to short it to the 1.75 area so I'll call that a Direct hit
CZZ =Looking good and consolidating above the 8 day. This is a good candidate for a breakout if it gets thru 4.2 with volume. Use 4.2 as the risk. On Target
 
FAX = As expected it dropped to test the 4.81 with a low of day at 4.78. Since support held i would expect it to run to 5.00 ish level over the next several days if not quicker On Target
UMC = Chart is not broken by any means but it is not as strong as I would like to see for a high percentage play. It dropped below the 21 day which is where i said I would sell. If it puts in a higher low it is still worth keeping an eye one in the near future. Managed Loss
 
WLCDF = It peaked thru .034 again and closed just below it. This is still in play but could go either way.
On Target

EXK = Consolidating as expected. Still in play above the 8 day. On Target

AUY = It closed above the 8 day so I would not be scared to by if it opens green on the 9th. Id use the open as my risk or the 8 day if its not moving too fast.I still think its headed to the 3.75 to 4.00 area.
On Target
NGD = It did test the 8 day as I expected. This is still running according to plan which is to make more gains to the 4.75 to 5.00 range. Id consider selling if it closes below the 8 day. 
On Target

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