NOTES:
Charts below update daily with the most recent market prices.All posts are just my thoughts and not investment recommendations. Trading isn't easy, do so at your own risk. I may or may not be trading these stocks at any given time.
As you can see, I have updated the way I will post trade ideas in order to make my watch-list easier for you all to follow. I will keep a rolling list of my working trade ideas on the same post and update it with ideas two times each week. If there is a stock I am currently trading, or hoping to trade soon, it will be on this list. If a trade plan does not work out, I will take it off of this list. If the page begins to become to bogged down with ideas, I will keep the best ones on and remove the others. Much more simple. Let me know what you think!
Still some great plays going. Added a few more for this week. Good luck everyone!
Last update: 12/04/2016:
Date added: 12/04/2016
Price when posted: $15.02
Looking great for a break out over $15.. if it can break and hold over $15 I think I woulf look to sell on the way up to $20-22. Risk to $14ish
Date added: 12/04/2016
Price when posted: $1.24
Dead cat bounce potential here. Great risk to lows also of like 1.15. Target of $1.50ish, maybe hold some for $2 magnet... but that is a big maybe.
Date added: 12/01/2016
Price when posted: $.48
This chart is just primed for a break out. Needs to break and hold well over $.50 and this could really get going. Max risk to $.46ish.
Date added: 11/16/2016
Price when posted: $2.99
Like this because of the recent volume and because Trump is looking at plans to give FNMA earnings back, rather than having them all go to the gov. Buy a break over $3 and sell on way up... not exactly sure what kind of target I have for this. But a good stop loss is 2.80.
Date added: 11/14/2016
Price when posted: $4.30
Need a break and hold over 4.40-4.50 on HNR. If we can get that I'm thinking 5.50-6+. Risk to 4.
Date added: 11/10/2016
Price when posted: $6.65
Looking for a nice rebound. Risk at 6.50ish. If it pops over 7 it could get going.
Date added: 11/6/2016
Price when posted: $3.52
Gapped up after hours all the way to 3.80. This may have found a bottom, good opportunity for a rebound play here. Would like to buy as close to 3.50 as possible with a stop loss risk to 3.25ish. Targets of 4, maybe 4.50.
Date added: 11/6/2016
Price when posted: $8.34
Looking for a pull back to 8.20-8.30 for a breakout over 8.50. Looking for 9-9.50. Risk to $8.
Date added: 11/6/2016
Price when posted: $12.18
Looking to buy a dip down to high 11s or $12. Think this is a solid mid term hold risk to like 11.50.
Date added: 10/30/2016
Price when posted: $7.00
AMCC is a semi-conductor/circuits company that has just beat earnings forecast for the seventh time in a row. They are still losing money, but with the news of QCOM buying out NXPI weeks ago, semi-conductor sector is pretty hot. AMCC has been in a wedge since August of 2014 and it is right up to the trendline. I like this for a long if it can keep decent volume and hold above $7. There is resistance at 7.50, 8, 8.50, and then next resistance is at 11. I would use all of these as my sell targets. This may be a mid to long-term trade idea. I won't post the chart, but I have essentially the same plan for INVN, another semi-conductor company.
Date added: 10/30/2016
Price when posted: $18.49
DF is Dean Foods. They jumped huge on takeover chatter, which may very well be legitimate. DF has over 25% of its float shares short.. so if it can continue higher, shorts will be screwed and squeeze the heck out of this. I think I want to see this closer to $18 for an entry maybe even a little lower. I would use 200SMA as a stop-loss guide (around 17.75). If it can break over downtrend I wouldn't be afraid to add more shares.
Date added: 10/16/2016
Price when posted: $11.48
Posted weeks back to buy a dip to $11.50 looking for 12+. That already happened, now we want higher. I think we can rip higher on 10/31, target to 200SMA. A break and hold over the 200SMA means we could see $14-16 near future.
Date added: 10/18/2016
Price when posted: $5.60
Been pretty confident about this one, but I might have to take it off soon. Didn't hold above $6 like I was hoping. My stop is probably 5.40-5.50. However, initial plan was that if it can break and hold over $6, I like it for a long term hold.
BONUS
I hate to brag and I am completely done with this trade, but every once in a while you post a trade and it goes so perfectly you just have to bring it back up. Trade idea was posted on 10/2/16 at a price of $4.79, AKAO consolidated around $4.75 from the beginning of October until mid-way through the month, then it pops above $5 and trends all the way up to $5.81, giving us plenty of opportunities to sell at or above my target of $5.50ish... then when it can't get through resistance she falls all the way back down. This is a prime example of why I use technical alaysis! Check it out below.
Stock price when posted: $4.79
"Achaogen, Inc., a clinical-stage biopharmaceutical company, discovers, develops, and commercializes antibacterials to treat multi-drug resistant (MDR) gram-negative infections in the United States." - Yahoo Finance
Nice breakout on Friday. This may be couple week long trade to actually pan out, could be sooner though.
Trade plan:
+ Buy between $4.60 and $4.75, stop out at $4.50
- Sell some shares at $5, keep rest to sell on way up to $5.50
Thanks for posting.
ReplyDeleteSup wolf. Question what are your thoughts on dgly now that it broke under 5.50? Are you out or still in?
DeleteHey, yes I am still holding. My thesis was that with Hillary most likely going to win, DGLY will rip because she wants federally funded police body cams, and that's what DGLY sells. But, Trump is getting closer so this is more of a gamble. Depending on how it trades next week I don't know if I'll hold through the election.
DeleteLast support is at like 4.80 so that is my hard stop. Good luck.
Hey wolf, nice new look easier to follow. I was just wondering though when you take your trades off can you tell us that in update but leave the original chart and plan below with a cross through it or something? just be nice to have that to go to and see what went wrong and why you got out. Thanks!
ReplyDeleteSure, I can do that. I'll create a closed trades page so you can view them separately. Thanks for the suggestion
ReplyDeleteHey wolf how's can you post up a couple of weed stocks, since prop 64 is most likely to pass?
ReplyDeleteI'm sorry I won't. I always say, buy the rumor, sell the news. I think the weed penny stock ship has sailed for the most part. When legitimate weed-based US companies go public I will be more than happy to post them if their chart looks decent.
DeleteAll about the charts. Whats happening now with the price on the chart is the only thing that's important.
DeleteSo post election does SCTY still have a chance at ripping up to 25 or has that ship sailed?
ReplyDeleteIt doesn't bode well, however the chart is still in play.
DeleteHey Wolf, wanted to ask you about your thoughts on the post election movements of FANG, think it's a great time to buy the dips?
ReplyDeleteCan't say. It truly is a 50/50 either recession or new market highs. I'm not big on buying because of fundamentals or for long-term (only because I don't have enough wealth where that would bring success).
DeleteAlright thanks for the reply and thank you for posting. SPPI was very good to me
DeleteDo you find these stocks by certain scans u use? or just essentially search through hundreds and use technical analysis to remove some fog for the future and set up a trade plan?
ReplyDeleteSorry for late response! I use finviz.com, go to charts scanner, turn on some criteria, then search through the different chart patterns and find what I know and love!
DeleteWhere are this weeks picks? ahh
ReplyDeleteI'm sorry! Just did an update. Small, but that's okay because the rest of my picks are going wild!
DeleteI miss my wolf :(
ReplyDeleteI'm here internet stranger.
DeleteHey Wolf, what do you think of AMRS? Cup and Handle forming?
ReplyDeleteBit late, but think that got destroyed today after the offering. Bad luck!
DeleteHNR baby, WOOO! Too bad my tech positions are getting hammered.. sector rotation? Should I be getting out too?
ReplyDeleteI'm filling for wolf. Be sure to take 75% if not at least 50% of your position out on HNR to lock in some guaranteed profits ASAP. Stocks can go down just as fast as they go up, if not faster. Be sure to plan your exit points before buying and place your stop loss orders after you purchase your position to prevent being "hammered".
DeleteHey man, love your work. New trader here and was wondering if you could give me some insight for your $THLD strategy. Is this purely a chart play? Do you think it is worth holding on to? Your 2 other picks $NVAX and $ITCI did great.
ReplyDeleteNot wolf but I'm close enough...I would assume it's all technical analysis on his part. Thats a classic wedge pattern which are easy to predict moves to come. As a new trader study as much of that as you can...Its good to know whats going on in the market, but many, many times the charts aren't just gonna go up down based on some news, unless its significant. However, they do go by resistance, support, patterns and trends. Many of which can be identified on your own to determine a plan.
DeleteWhere you at tho?
ReplyDelete