Recap: Break Out Stocks & Consoldiation Patterns for Friday the 9th
ATPG - ALMOST hit the $40 before correcting back to the $36 to $38 range, it played out perfectly as expected on the scan. This is a perfect example of what I’ve explained many times about a “gap and crap” You can view the scan HERE
I’d expect a small dip Monday before it starts to head back up since there was reasoning behind its move.
NYNY watch for it to test $3.50 again if it can’t break it it may need to consolidate around $2.85-$3.00.
PWAV watch for consolidation and support at $3.50.
UTEK watch for the break of $16, the squeeze and start watching for the short side of things. I wouldn’t do anything until there is a squeeze of .50 to 1.00 or more.
CTT this may correct back under $2.50 but there is too little volume for me to be watching it any longer, anything could change in an instant.. at that point you’re just throwing a dart because a move could happen on just one big buyer or one big seller.
