AXAS needs to breakout of that neckline resistance, with the market correcting, earnings approaching, and the technical setup we are primed for a run.
BDSI had a decent day today, it actually broke out of the triangle slightly, so be looking for the AMF pattern at the open for a continuation.
ONVO also forming up the triangle and testing the neckline
PGNX is a new addition to the watchlist, forming up a nice triangle pattern with earnings approaching also. Had a 5+ percent day today hoping to see that 5$ magnet with the rollover for that run to the 6.50 resistance. Be looking for some momentum volume at the opens and use the AMF NF &PMF patterns to pinpoint a good entry.
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Watchlist Wins:
The winner and alert of the day which I try to post one everyday on Twitter goes to ANTH. Had this on the watchlist last night and it broke out beautifully. with the AMF pattern forming under 3.75 for the breakout it ran almost 20% from there. I always recommend using the F patterns to pinpoint your entry when entering these stocks as it obviously can mean returns as shown above.
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If this is your first time viewing this you're probably thinking what the heck is an AMF or NF or PMF pattern?! Well I can't say I blame you. Click the link to the right that says "Setup Reference" if you haven't seen that already. It lays out what the three "F" patterns are and how to use them to your advantage. Follow me on twitter for my real time alerts. I normally alert you pre market what stocks I plan on longing for the AMF patterns when the market opens. Also if you are coming here from Twitter check out the Facebook group "Wolves Trading Co." they are an awesome group of traders that come from all walks of life to give you just about every aspect and speculation to a stock so you truly don't miss out. If you have any questions please feel free to email me that is in the blog above, or just comment below. Check out my youtube channel for videos that cover topics of trading such as scalping a stock or trading psychology. Just type in "PierceTrades" in the search bar.
That's about all for me on this one guys,
Always remember,
Stay Educated. Stay Disciplined. Stay Profitable.
Take Care Traders,
JP