May 19th Watch List
SD: Getting close, one thing with these types of bottom bouncers is you HAVE to be patient, they take time to bottom out and you cannot be in a rush, yes great setup but it takes time.
MNKD: Nice reversal thus far here, don’t want to chase too much but very nice trend I may be looking to jump on to. Possible wash back to $4.25s lets see if that area can hold and then I’ll look for a position.
MNGA: Fairly over extended but this setup reminds me a lot of the big runner we’ve been having like, AXN, VLTC, GENE, etc. So lets see if $1.15-$1.20 range will hold and if we can get a follow up spike.
WIN: Still churning these $8.30s really nicely, yet to see any type of reversal, may not get anything and it can be dead in the water like AMD was for nearly a week or so. Still going to keep on watch because there is hope for it.
ACI: Just as expected the .80 level broke and we’re hitting new 52 week lows, now just as I outline on DVDs and video lesson you need to be patient, see where bottom is an wait for a few cent uptick before buying in.
FRO: Sweet reversal thus far, makes me sick that I missed this because it has been on watch, lets see if we get a continued pullback, maybe 50 DMA test or slightly above it and I can possible add this for a follow up spike.
FXCM: Breaking down to new lows, keeping on watch just for possibility of a .10-.15+ bounce off of a 52 week low but I need confirmation like with ACI, so be patient here.