The stock that is good for a day trader (CVTX)
Take a look at Nasdaq chart, consolidation will pull along index stocks, AAPL, MSFT, INTC, NVDA, BRCM and others.
CVTX
The stock is good for a trader. We have to observe low price of the day to go in, usually in early am trade. We can go in and out everyday or twice a week. Look at the chart for the resistance and support.
DNDN
Closely watched by most smart money, fund managers, professional & small traders. The review for approval from FDA is on May 15. Volume traded is decreasing towards $15.00 so selling pressures. It is getting interesting now as the shares have accumulated by the smart money before the next rally is about to begin, probably tonight, tomorrow or end of the week. Chart attached
ONSM
Sold at 2.49, and will re-renter tonight in early trade. We have to identify trading pattern of individual stock the selling and buying time of the day. Reason for the pull back could be the news released yesterday. The sale of On-stream Media restricted common stock at $2.25 per share. Chart attached
AVNR
The opening price is usually higher than the closing price. The only way to make money from this trade is to buy before market close.
8 comments:
DNDN - ONSM - still low volume. I remember seeing video clip by Smart money where it look at volume as one of the main factor to consider the stock.
Morsid,
ANVR pre-market open high and close low at the end of the day. It's a pure manipulation by MM, probably they are waiting to off load their shares hold by them and con traders into buying the false rally.
The only way for you to make money in this stock is buy before market close.
DNDN is a good time to buy tonight before the share price go north.
ONSM, my buy entry would be 2.36 to 2.38
Morsid, look at DNDN, smart money have been accumulated in the past 3 days.
DNDN
In 400 15.40 out 400 16.26
Will re-entry on pull back later
Next entry 15.80 to 15.90
Down tonight
CVTX - low 8.26 ONSM - 2.38 CYTR - 3.75 ONT - 2.05 FMD - 35.20
Morsid, DNDN support at 15.90
Buy entry 15.95 to 16.00
It's first reversal day Oon the upside for DNDN
Decision is yours
Another propaganda by short sellers that triggered the sell off
See the link
http://biotech.seekingalpha.com/article/34052
Luckily, never Q to buy
Morsid, sorry for call
Did you buy?
We shall expect such news will appear every now and then before May 15
However, it's another opportunity to buy low sell high
Morsid
2nd round of the day
Long @300 15.92
Resistance 16.25
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