Sunday, November 6, 2016

Current Trade Ideas - Updated 12/4/2016

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. 
AKAO (Achaogen Holdings, Inc.)
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

Saturday, November 5, 2016

Closed Trades

WIN!
Date added: 11/6/2016
Date off: 11/28/2016
Awesome. Hit around $11.80 from my call. That's about 27% gain in just a couple weeks!
Price when posted: $9.32
CMCM looks way oversold here. Wouldn't get started on the trade until it begins a rebound and starts to trend up a little bit. Stop loss is down to all time lows around $8.75. Good target may be the 200SMA if it starts to turn around. 

ENDED OKAY...
Date added: 11/6/2016
Date off: 11/23/2016
Merged with TSLA so it doesn't exist anymore.
Price when posted: $20.18
Back on my watchlist. Again need a break and hold over the downtrend line. $25 in sights after that. Risk to $20 or break under trendline again.

WIN!!
Date added: 11/09/2016
Date off: 11/23/2016
Hit 6.70s. Great trade. Was consolidating between 6-6.50, but just dumped when IBB had a bad day.
Price when posted: $5.56
Same ideas as ZIOP and PDLI. Great breakout. Hoping for one last big push before it fades back or consolidates. Stop at 5.40ish.

WIN!!
Date added: 11/09/2016
Date off: 11/23/2016
Hit that downtrend line and sank right back down. Awesome though, hit 7.90s!!
Price when posted: $6.10
Bought yesterday at 6.10. On top of the biotech breakout, this had its own huge breakout. More risk buying up here but there is potential for $8 land if the market permits.

BIG WIN!!
Date added: 11/09/2016
Date off: 11/23/2016
Awesome awesome trade. Hit $3.51 a few days ago then turned for the worst so I'm closing it out.
Price when posted: $1.98
I bought yesterday at 1.98, stop at 1.80. Still hoping for more continuation in bio land.

WIN if you sold before the offering...
Date added: 11/09/2016
Date off: 11/15/16
Worked great from 3.34 to 3.80. Had a stock offering after hours that killed it. Went from a great win to a loss.
Price when posted: $3.34
Same idea as ZIOP. Great breakout. Risk at 3.30 now. Not sure how much more is left for this, maybe 3.60-3.80. 


Date added: 11/14/2016
Date off: 11/15/16
Had no follow through so ended up selling before the wicked plunge.
Price when posted: $13.99
If BTUUQ can break over $15 and hold, it will get going very fast. I'm thinking $20+. But, this illiquid stock can crack down just as fast as it can break up. I would say max risk to $12. Since this stock is OTC finviz.com doesn't have it. I'll update chart as necessary. 

Date added: 10/30/2016
Date off: 11/10/16
Didn't bounce with the rest of the bio stocks so I don't have any more faith in this.
Price when posted: $4.75
Missed the real break out on CETX, but I think there is good mid-term potential on this. What I would like to see is a dip down to the 20&50 SMAs around 4.25-4.40 for a buying opportunity... as long as it can hold trend after that my targets would be 5.50, 6, and if it can break 6-6.50 it can really pick up some speed. 4.6m float as well, so if it keeps heavy volume it can get good!

HUGE WIN!
Date added: 10/30/2016
Date off: 11/2/2016
Hit targets the day after posted then faded off pretty huge. $1.25!!!
Price when posted: $.79
Got to this party pretty late as well... but there is potentially a lot more fun to be had. If NVCN can break and hold over $.80, I am interested to buy, then $1 is the easy next target. If it can break and hold over $1, 1.25 is next... and a break through the 1.25 area leads me to believe 1.75 is the next target. I know that seems farfetched, but anything is possible! Support is at .70-.75, so I'd probably keep risk to that level.

Barely a win... but a win none the less.
Date added: 10/30/2016
Date off: 11/2/2016
Had a nice rebound to $3.30 the day after posting. Faded off after that.
Price when posted: $3.00
No real plan here. Just on watch for a big one to two day rebound. Then will take it off. I would buy into a trend change and sell when it gets over-extended.

Small loss. Can't believe it. Jumped 30% after taking off watch!!!
Date added: 10/30/2016
Date off: 11/6/2016
Wasn't able to follow through at all. May turn into a nice short at this point.
Price when posted: $9.45
Back out to the weekly charts on ENVA and you'll see why I like it. Could be a long term breakout coming soon. Just broke above SMAs on decent volume. I'd like to buy around 9.30 area risk to 8.90-9ish. Target of $10, then $11.