Wednesday Nov 18, Premarket Analysis (Penny Stock Alerts)
Today in the Stock Market
Dear Fellow Traders,
Another strong day tuesday for the market, all 3 major indexes kept going up…but the volume as been declining and it’s been definitely lower for November..that’s a sign to watch…..if the market keep going up on lower volume, at some point it will reverse….Also instead of giving you Penny Stocks that do not have so much potential i will show you below some other type of trades that can make money for you guys…and that’s what i plan on doing with the Inner Circle….I will vary the type of play…
Here is the Chart of the Dow:
MSBT did come back in yesterday and not follow through to the move of monday, so the topping tail of monday was your signal…
KNDR is still holding at $0,10 and we keep it on the watch list, they had a great news last night and we will see what will be the impact on the stock today, but that is definitely a good confirmation of things happening there…If volume start kicking in i definitely want to revisit this trade.
Now Today i wanted to show you a chart, of trades i take sometime during the day, this was an extremely overbought stock, i was waiting for the stock to break it’s previous low to Short Sell it yesterday. Obviously i missed it when it started under $1,00… NLST
And guess what i am waiting for the same thing on this one….i might even use the 15 min chart to decide what i do with NANO
Now here is an example of another type of alert i plan on giving with the Inner Circle Alert….PARD gapped hard on monday with some bad news and it established a very nice base between 1,70 to 1,90 and then it just took off yesterday, this type of pattern can bring the stock to $3,00-$3,50 maybe….Only for active traders….
Thank you and have a great trading day !
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