Bad news after market on Wednesday and Thursday for ASTI (dilution), FUQI (delayed 10Q) and MPG (CEO resigned) ruined three of my swing trades and that, combined with the steep losses in the broader market, left me in some uncomfortable holes to end the week.
As things stand, we've had an orderly pullback to moving-average support after a big run in the market and a couple of days' consolidation early next week, a full week of POMO to boot, should set us up for a resumption of the uptrend... but we'll see.
So, with an eye on next week...
BSX - Nice, tight bull flag formed here, looking to break out again
CPE - Another one bull-flagging. Has a tendency to run all day when it pops.
IGOI - Really promising bull flag here, with low-volume pullback and the RSI coming out of oversold territory
AVXL.OB - A pinksheet stock trading at close to 5.00. Stochastics would suggest it's getting overstretched here but a move over that 4.25 resistance level could present a scalp opportunity.
BEE - This one looks like it's setting up for higher prices when the market is favorable again so here would be a good place to enter a starter position if you're so inclined.
AMRN - Lots of strength here against a challenging tape. Looks like the dips were bought on this consistently and there's room in the indicators for more upside next week.
SMBL - The breakout point is a little fuzzy on this one but it's got good momentum and the indicators are heading firmly in the right direction. Looking for another push through and hold of the 100-day.
