Watch List for 01/16/18 from Alex

 

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SGRP: Nice move on Friday. I caught a small piece of the late day fade, but nothing of size. In a perfect world we get a gap up, re test of $3.00, fail then will look to short pops. Not interested in chasing this on weakness. An open on SSR might be a good bounce candidate for a quick long scalp as well, but ill stick to the short on this one.

MYSZ: Looking for a day 2 continuation on $3.00 then will look to short it. Nice volume last week. Might get a little sketchy. Rather be patient than get FOMO and attack.

WPCS: 6M float and former runner. Not looking to get in front of a trail here. Will look for dips risk on $1.30s for a long tomorrow, if not, cut it off for a small loss and move on. No reason to short this thing here.. not enough meat on the bone.

XNET: The air finally is starting to come out of this one. Many friends nailed this. Happy it worked out for them. Looking for an SSR rebound near $19.00-$20.00 for the short in the morning. Not interested in going long for a scalp unless we get something stupid like $13s in the morning. Stay safe!

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