Good evening traders! The market has definitely been depressing. Getting stopped out of your positions then only to see the stock get squeezed and move higer. Remember you aren’t alone! This market has been very frustrating for most traders. Just try to keep your positions light and find the best risk-reward setups.
YOKU trade:
YOKU had a huge drop this morning with downgrades by whoever (don’t care) anyway I bought a starter position after seeing some volume (16.35) and ease of sell pressure my stock lost was placed at 15.99. (almost stopped out) but then you start to see higher highs and higher lows on the 5 min chart. Once it cracked above 16.59 50ma (5 min chart) BOOM…. huge squeeze. Remember my post I did on SQNM I said I look for huge drops with high short interest. Those plays are easy squeezes because when volume starts to come in shorts get scared and cover. Hope this helps!
Look for breakout over 4.50. Stop 4.44 50ma good r/r
for you penny playas! Penny land has been hot. Look for another breakout over today’s high or red to green over a $1.
Looking for a bottom bounce. swing over $38 or adds near this support line.
flaggin’ here and potential gap fill. Looking to add near 50ma. Seems to be a great risk/reward set up
Great support here with the 20ma and 50ma practically on top of each other. Looking to add near lows of today or breakout over 4.40.
I do think we head higher tomorrow with the buy volume we saw going into close. Trade them well!
Good night!
