MCP: On bounce watch here, watching to see if $.52 holds up as support, daily looks nice but the intraday is getting really oversold, nice support at the .52 level. Ideally want to see that hold and see a possible move to the 50 DMA.
GFI: Watching the $3.60 level here to hold up as support on this washout, nice previous level of support will be interesting if that area holds or if we go to lower lows. Good risk vs reward trade setting up here. Ideally want to see a little green come in before taking my position.
AVP: Lower volume play here but the daily chart is getting interesting after putting in new 52 week lows. Lets see if $6.90-$7.00 serves as our bottom here and we can get a little move. I am expecting to see a day or two of sideways action .10-.20 above the bottom then we will be moving north.
MHR: Still an interesting daily chart despite how long it is taking to setup, watching for some sort of trend reversal but not coming here yet. May see $1.75 get tested which would get this testing 52 week lows. Watching close for some sort of confirmation.
GSAT: Very awesome daily chart setup here, staying above the previous 52 week lows for now, seeing $2.28-$2.31 continue to hold as the bottom is a great sign. Awesome risk vs reward setting up here and I’ll be looking for a position tomorrow.