Bullish Reversal Trade
MNVN .0007 low closed at .0007 low of .0004 could be that new bottom watch level 2 the stock hits a new 52 week low, initially the stock rallied from that .002-.0094 level than held that .0042 20MA for some time broke the level and then held an uptrend channel above that .0026 level broke below that hit .0013-.0035 for a profit then pulled back hit .0014 hit a high of .0029 , these were levels yesterday the stock saw major selling and posted a new 52 week low close at .0008 previous low was .0013 so that 50% retrace level could mean .0005-.0007 levels a new found bottom , traders must understand risk and levels always have a plan in trading, those that are going long and are dollar cost averaging that is entirely upto them but overall as a trader you must set parameters
PBHG .0015 the stock dead well off that .001 level recent news and upcoming updates should break that previous pivot high of .0025,watch for any updates the stock could see a breakout reversal.
FLST .0022 the stock closed at .0022 and released its 8k near close and the stock rallied hit a high of .0025. A low share structure stock that has rallied in the past and with the strong close could set up a bull flag setup.
FLST .0015-.0018 pull back potential re entry
STOP close below .0015 2 x next support .0012
STOP close below .0015 2 x next support .0012
Pivot .0025 next resistance .0033 Short Term potential .005-.01
Catalyst: 8k released Friday July 11,2014 8k released
Fuel Sales and services pending for 6 month quarter as per last press release should see major revenue updates soon
No comments:
Post a Comment