Back to the office for a few days before shipping up to Boston later in the week for T4AC. Interesting morning here, a couple new tickers and a few from last week.
SXTC is a Chinese Pharma stock so chances are it will be wild. 8M float according to DT so fairly small. Daily chart looks wide open to me, hasn’t done any significant volume in over a year and could be a fun one if bids are strong. Will be looking for dip buys.
TTOO is still hanging around and gapping up again this morning. Looks reasonable on the daily chart that it could push for another breakout. I think it’s more likely this gap up is sold off pretty hard and it fails but will be going into the day without a bias on it and letting the price action tell me where it’s headed.
MULN well well well, almost halfway back to zero again. This stock is such garbage, I should have been way more heavily short late last week but still it was a good trader and I think my best stock of the week. Gapping up a bit this morning, easy to think it’s due for a bounce but I doubt it. I thought that all the way down after the last reverse split so I’m still expecting continued weakness until it proves otherwise.
CPHI it’s China Pharma stock day apparently, don’t see news on either of them and it doesn’t matter, these are purely trading vehicles imo. Will be watching both with the same objective, look for bid strength and enter with the tightest risk I can and sell into pops.
SOPA just hit the scanner with positive earnings and is running nicely. Will watch and see if it can hold these gains into the open. If so, will watch for dip buys and sell into strength like the others.
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