NIO: Crazy moves today. New Chinese IPO with a lot of hype. I’ll be looking to scalp this because this stock is VERY volatile. Look for .50-1.00 scalps or even buy in on a pullback and let it ride out using the 8 EMA. This has a potential of 15-20 tomorrow! Also watch for other Chinese stocks to run because of this!
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ABAC: Alerted this on yesterdays watchlist. Sadly, I didn’t catch the meat of the move but this looks good for continuation into tomorrow. Volume is increasing on the daily and this consolidated all day in the low 2 range. Expecting another run tomorrow! Idea near 2.10 support or over 2.40!
SHARES FLOAT: 3.95M ; BOOK/CASH PER SHARE: 11.16, 7.64
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YECO: Sadly I stopped out most of my shares when it broke below 1.30 but it seems as if momentum is back. Nice volume for the day and this set up reminds me of ABAC yesterday. I am expecting a nice move tomorrow! Low float China stock! Idea near 1.60 support or over 2.00.
SHARES FLOAT: 1.09M ; SHARES SHORT: 3.23%
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Tom Kemper
14 Sep 2018You the man