Top Stocks I'm Watching 2/1/16

Alright guys, here is my list of stocks that look like they're on the verge of breaking out in the near future. Like withing the next week or so or breakdown. That is possible too.

As you can see all of these stocks are in PierceTrades Setups and are testing their respective resistance levels very much so. probably the one that isn't the most is the one right above UNIS and I like this one the most. It favors my 1$ call on HMY very closely. Hopefully a dollar breach will come withing the week and we can see a 2$ magnet. They are supposed to be making some deal with a company named Agmen here is the news link.

http://www.streetinsider.com/Corporate+News/Unilife+Corp.+(UNIS)+Enters+Exclusivity+Agreement+with+Amgen+(AMGN)/11184565.html

Being the technical trader I obviously am I don't care about what the news is or fundamentals. Basically I am going to let the chart play out, hopefully news on this deal will come soon and as the Stock pushes a dollar News will hit and break out. I am not going to pay attention to the updates on this deal at all. If the chart breaks down then I am done with it. So basically if the deal goes south and the chart breaks down the ascending trendline then I will leave it alone and move on. Basically we will wait for news to hit and wait for an AMF pattern the morning of or we see a dollar break and get in and make gains or sell quickly for a breakdown because Preservation of capital is key. If it breaks a dollar I will get in and hold until a breakdown of a dollar or 13eMA on the daily chart. If something happens like a big gap up I will alert updates on Twitter or StockTwits and in Wolves Chat. 

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Alright guys that is it for me this go around, If you have any questions about my setups, like I mentioned an AMF above in my typing for UNIS, see the link to the right called "Setup Reference". If you want my realtime trade alerts follow me on Twitter and/or StockTwits. Any questions email me or comment below. My email and social media names are in the bio above. 

Have a great trading week everyone. 

Always Remember, 

Stay Educated. Stay Disciplined. Stay Profitable.

Take care guys,

JP