NLST: Crazy move today… from .14 to .95 after hours in just two days. I am not seeing much news that justifies this move. Shorts are definitely being squeezed! It is riding the 8 EMA nicely on the 30 minute and it should be used as reference when to stop out. I am seeing a major resistance at 1.00 based on the yearly chart. Short term support at .80 (After hours), next support would be around the .60-.70 range. Idea on a pullback or over 1.00 for a quick scalp (Ideally 10 cents a share)! Respect stops on this trade because it can easily burn you!
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CVM: Been on my WL the past three days. CVM has been a slow grinder since 3.00 pullback on Friday. Next resistance is at the 4.00 area. Based on the daily chart this is running up on lower volume (Could be losing steam). Over 4.00 could spark a nice volume surge. Finally closed above 3.67 key resistance level. Short term support can be found at 3.60-3.70 area. Idea over 4.00 for a scalp or near support levels. Next resistance is 52 week high (4.44).
SHARES FLOAT: 21.95M
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GEMP: Another stock that has been on my watchlist the past 3 times. Strong support at the 2.00 range and still has a lot of potential in my honest opinion (as long as 2.00 holds). Swing idea near 2.00 or over 2.20. Watch for the next leg up!
SHARES FLOAT: 8.03M ; SHARES SHORT: 12.51% ; BOOK/CASH PER SHARE: 1.06, 1.89
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AKER: A great technical set-up play here. Great play for those swing lovers. Idea over .27 or near .24 support. Breakout over .27 and next resistance would be the daily 50 EMA/SMA (.31/.30).
SHARES FLOAT: 91.54M ; SHARES SHORT: 13.40%
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MTSL: Another lovely daily chart. Riding the support trend-line very nicely and last time I alerted this as a swing last time and it gapped up 40%+. This definitely can see 2+ again. Idea near 1.50 support or over 1.80 for a squeeze play!
SHARES FLOAT: 1.69M ; SHARES SHORT: 15.79%
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SAEX: A nice green day today. Daily chart with a major squeeze potential based on bollinger bands and TTM Squeeze. Seems like it is based out at .50. Idea near .50-.52 or over .60. High reward/Low risk play. (Also watch YUMA)
SHARES FLOAT: 9.16M ; SHARES SHORT: 7.37%
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John Castendyk
11 Sep 2018Very nice presentation and very informative….thanks.