Watch-List for Monday, October 23 $CUR $DDD $CVM $JRJC $WLB $GCO
CUR ---> Steady in its ascending movement, CUR could be now on the verge of a big breakout as technical indicators are showing a strong increase of its Accumulation and Buying Pressure! A break above $1.60 area could open the door to Short Squeeze!!
3D Systems Corp.
DDD ---> Bottom Player with nice positive divergences on chart! Its 20 and 50 moving averages could be tested very soon!
CVM ---> It made a nice test to its 50 Moving Average and to its Upper Bollinger Band Line under strong volume and high Buying Pressure! If it confirm this break, CVM could make a strong run toward its 200 Moving Average. Go long over $1.92.
China Finance Online Co. Ltd.
JRJC ---> The price formed a solid base right bellow its 200 Moving Average and below of its upper line of its Triangle! Last trade session has proved the strong will to move higher, as the price rose about 3% with decent volume, going to close near at high of the day! It should be noted that Accumulation here is strong! So, a break above $2.50 area will give us a clean room to run. If do that, i expect to see $2.90 very soon.
Westmoreland Coal Co.
WLB ---> Great upward movement from its Bottom level! I´ll be watching closely for a break above its 20 Moving Average! Could squeeze easily until $3.00´s.
GCO ---> This is a Low Float Stock with about 10% of Short Float and is trading under strong Bullish Volume! It is setting up for a big Breakout! Nice picture!! Stay tuned.
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