Long $BSMX Day 1

Today was a bad call from yesterday’s game plan. I thought we would have a hard time getting over the upper channel resistance line and the 200DMA on the weekly. I figured we would move back into the TR. To my surprise we moved right through everything with relative ease and closed above it all. It was a pleasant surprise.

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Watch $ENTA

It looks like Phase D of accumulation. It had one SOS to break it over the first trading range resistance in the $34.60 range. Last week ended in a nice hammer, which may be the beginning of another SOS to break it over final resistance in the $37.40 range. If so, I expect a retest of the $37.40 range where I would think about taking a position. Or, if it pulls back on low volume to retest the $34.60 range, that could be a good place to start a position as well.

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Long $VIPS Day 3

Today was a bad call from yesterday’s game plan. I thought we would get some wholesale participation today, but to no avail. So, my call was wrong, but it was still a constructive day.

Weekly Scorecard
OpenCloseChangeTargetHighTarget%
$10.19$11.2510%$12.80$11.6456%
I raised my target up a little to $12.80. The spring was sprung.

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