Daily:
SMSI: Pulled back with the market in the last few days but held the 20-day moving average the last two days (dotted green) and selling pressure faded considerably today. Still inside the November 4 spike candle. Benefit of the doubt goes to the bulls on this one. Stop can be set below the 20-day MA (very tight) or at the November 4 gap low of $12.96.
Daily:
MERC: Great pattern on the pullback, printing significantly lower volume bars than the preceding spike. May test the 20-day moving average (dotted green) around $6. Expect a move higher soon.
Daily:
AXTI: Orderly pullback. The volume was a little higher than ideal, but the October 29th gap low (7.45) provides an easy exit point. Seeing that the AXTI is very close to that point, there's a favorable risk-reward scenario being presented here. A bounce should yield at least 3-4% on the upside, while you're risking less than 2% with a stop-out. AXTI is also around an eight-year high on the long-term chart (not shown)
Daily:
ACLS: Volume pattern is near-perfect. Huge share turnover on the run from 2.1 to 2.8, and low volume on the way back down to 2.5. Found support today before even touching the 20-day moving average, which bodes well considering all major indexes are below their respective 20 day MAs. Also note the weekly chart (2nd), which shows ACLS entering a large long-term gap. The 200-week moving average (dotted white) is separated from today's closing price by more than 30%. Plenty of opportunity to profit in this one.
Daily:
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