OTC Scan 10/17/2016

by | Oct 16, 2016

Hope everyone had a great weekend, I will be headed out after about the 1st hour tomorrow and I think back around for the close. Still a lot of thing that I have my eyes on in OTC land and quite a bit of movers so I just want to keep this list short and sweet with some of the best setups I see. Let’s hope to keep the hot streak alive and trade well, remember OTC is about finding a decent setup with great r/r just like in NAZ land.

CBIS – Pretty big breakout on the daily chart on Friday which we were fully expecting. Hoping for some morning weakness around .023 and then the continuation of the breakout

CANN – Looking to get some shares to borrow in the AM on this as it is likely going to do the quick morning squeeze then fade off.

CBDS – Don’t think this one is done yet, still expecting the $5 shove then maybe fade off day after that.

BBEPQ – Massive, just wow..can I have my .056’s back from 2 weeks ago??? The way this one closed was suspect, but I got to thinking…if you are just getting into this one, why would you really want to be a buyer way up here? I would love for another massive up day and would prefer the short side at somepoint, however got a decent long average and the morning will decide what I do with it.

MJNA – Added some of this back right near the close, they printed it lower right at the bell for whatever reason, but fully expect this one to continue in the near term near .07 again.

BTUUQ – Swinging some of this as well, pretty impressive daily chart and who knows if BBEPQ can fuel any other names, but based on the chart the Risk vs. Reward is there for me.

GRCU

 

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