Tuesday, June 2, 2015

Trade Ideas for Wednesday, June 03 $X $NQ $SA $ZU $GEOS $GEVO

USX-US Steel Group, Inc.

X ---> If break above its 200EMA on volume tomorrow, we can get a great Short Squeeze, as it has 25,52% of Short Float! Shares of USX-US Steel Group rose +7.91% with high volume, crossing up its 20EMA and its 50EMA, approaching now of its Trend Line Resistance, its Upper Bollinger Band Line and its 200EMA! Great test for tomorrow here! Technically, the price looks well supported, as we can see by its Bullish MACD Crossover and its Bullish ADX, its RSI, which came back to its Buying Area, and its Fast Stochastic indicator, which became bullish crossover and left from its oversold area, giving a strong Buy Signals! Shorts may be in trouble! Keep closely

NetQuin Mobile Inc.
NQ ---> This stock has been trading under massive Buying Pressure and now, it is running out of its Upper Bollinger Band Line with high bullish volume toward its 200EMA! Technical indicators are displaying a strong Momentum in the stock, such as its 20EMA, which is crossing up its 50EMA, its powerful ADX or its very healthy Money Flow! Buyers are strongly in charge! We could get a Big Short Squeeze as it has 32.05% of Short Float! Once again, shorts are in troubles!!

Seabridge Gold, Inc.
SA ---> This stock is on the verge of a strong Breakout! Shares of Seabridge Gold crossed above its 50EMA and are running out of its Upper Bollinger Band Line with high bullish volume! Also, it counts with a powerful Bullish ADX Crossover, which means that price is well supported! Its rising RSI and its Bullish MACD Crossover are giving Buy Signals and it counts too, with heavy Buying Pressure! In short, it has everything to make a strong breakout and a Squeeze toward its 200EMA

Zulily, Inc.
ZU---> We may have here a Potential Upside Runner if it break above its 50EMA with high volume again! Technical indicators are showing strong positive divergences and has it closed near at High of the Day, it can open the next trade session with a Gap Up! Also, its has 25.59% of Short Float, so shorts, be careful! Zulily is gaining Momentum...

Geospace Technologies Corp.
GEOS ---> Shares of Geospace Technologies rose +7.22% with decent volume, running out of its Upper Bollinger Band Line! Looking for technical indicators, we can say that the price is on the verge of a strong Breakout! Its RSI is moving up nicely in a very comfortable Buying Area, its 20EMA crossed above of its 50EMA, it has a great Bullish MACD and ADX Crossovers, Money Flow is very healthy, Accumulation is rising and it has too, a high Buying Pressure! Also, it has 27.23% of Short Float, which means, that we could get a Big Short Squeeze! Long idea over $22.02

Gevo Inc.
GEVO ---> We had today, the beginning of a Big Short Squeeze! Shares of Gevo rose +26.45% of massive volume, making a big Breakout, having closed at High of the Day, which means, it can open tomorrow with a huge Gap Up! The stock is displaying strong positive divergences, such as its RSI, which came back to its Buying Area, its 50 EMA is crossing up its 20EMA, its MACD is becoming bullish crossover, Accumulation is rising and its Fast Stochastic Indicator became Bullish Crossover and is stepping out of its oversold area! GEVO has the room and the conditions to explode to near of its 200EMA! Keep Closely


Disclaimer

All charts posted here are merely tools to study based on major technical indicators!! It is up to the reader to decide whether the stocks mentioned above are appropriate for your strategy! I warn that the good performance of a stock not depends only the technical data and I can not responsible for any trade that goes wrong!! Follow me on Twitter and Stocktwits, during the day I post some good ideas of trade

Regards

FonsieTrader