Watchlist for 8/23/23 From Ed

by | Aug 23, 2023

Another day another big leg down on MULN. I don’t know why I continue to fail to just max BP short that one and walk away for the first half hour. It’s back on SSR and gapping down again so I’ll probably not fade it again and it will drop to the 0.30s. 

HLGN gapping up on good volume this morning, appears to be based on patent news yesterday afternoon. There are a couple of potential resistance areas in the 0.30s but I like the daily chart, problem is I don’t think the news is strong enough to really push but we’ll see. 

KPRX also up on patent news this morning. This one is a choppy volatile stock every time, I will be very selective if I decide to trade it and probably only  buy dips. It has a huge gap to fill and has done very minimal volume since that big gap down back in June so it may very well be the one to watch today.

TTOO is still hanging around consolidating into a bit of a wedge on the daily chart. I think it is probably running out of steam but we’ll see. It’s sitting right on the trendline here so today might be the day we get a better idea of whether it has enough left in the tank for another leg or more likely continues to fade and lose volume.

NVOS not really a favorite of mine but after consolidation yesterday following the big move Monday it could be headed for a breakout move. This one likes to move in big bursts of momentum that happen quick so will be watching near open especially to see if it gets legs.

TIO gapped down big yesterday after postponing their earnings and 10Q release, which is usually a bad sign for the health of a company. Wasn’t anything crazy yesterday but a bunch of nice little gainers once I realized the dips were being soaked. Will be watching today but with no bias, I think it could easily go either way from here. 

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