Penny stock runners are back! Have had a few really good ones with PHUN and CRGE recently, so wanted to get a watchlist out with a couple of new gappers today. PHUN and CRGE were very friendly traders on day 1 and offered some good opportunity after that as well. Some of the others (FAZE and GETR) a little more choppy, but still plenty of opportunity on those as well.
CRGE gapping up again and struggling to hold the gains already. I would say the liquidity trap setup was already attempted last week and now there’s probably just too much overhead resistance for it to really get going but just in case will be watching it.
ONCO is the most interesting gapper for me this morning, nice trend and then got a little extended and now consolidating nicely. Would like to see it open somewhere around here, high 0.30s/low 0.40s. Pretty much ideal daily chart setup, long slow fade since last big volume day, plenty of room to run if it wants to.
CISS interesting, has a big gap to fill up to 0.37 and CRGE and PHUN both started from around this price range earlier in the month. Don’t write this one off juts because it is so cheap, will see how it behaves at open, might be worth a long.
PHUN will likely still have some good scalps in it today even though it is gapping down and the momentum seems to be fading after yesterday. Will watch DWAC as well for clues but likely a smaller range day and limited opps but there will be a few.
NKLA one that has been on my watchlist for months, not always great but some days it just sets up perfectly for really easy scalps. Will keep an eye on it and watch for those. Recently it has had several days where it rips at open, sets a high early and then fades for hours.
Those are my top 5 watches for today, good luck!
thanks Ed