Lots of bottom reversals coming off steady consolidation in the past few days. Make sure you check out the previous blogs HERE and HERE from tonight recapping a few plays.

AMCS bottom reversal watching for $2.25 break and it may test $2.50+ short term

AVNR - $1.40 break is big here, currently sitting at $1.30 - the volume is following this move higher

PAL - this had a very nice run back in April, it has since consolidated and found bottom. This needs to break $6.50 (or thereabouts - its previous highs) before it makes a move towards $7-8.

EGY - Breakout + Squeeze watch. This can break towards $8 and squeeze quickly before selling off. So there is two plays a long on the breakout and a short once it does break out and we see a $.50 to $1.00 move.

UQM from last nights scan, broke previous highs, this is very bullish. Watch for the $3 to test.

QTWW - 3 to 4 attempts to break $1.50, failed each time, watch for the $1.50 break to squeeze towards $1.75-2 range.

FROM LAST NIGHTS SCAN

ABAT slight dip and closed at the high (bullish)
CPST broke to new highs (watch for the gap and crap or gap squeeze and sell off)
STHH and BIOD on watch for squeezes

Nice reversal in the markets today… a slight sell off, consolidation and reversal higher. I’m still not convinced I’d like to see more consolidation but we’ll see. The lower priced stocks give a better percentage gain anyway…

ABAT - after a few weeks of consolidation at the $3 level Advanced Battery Technology seems to have broken out of its channel and beginning a reversal. Watch this to test $4+ after today’s strong day of 1 million volume.

CPST has held all gains after a brief consolidated around $2.75-$3.00 and has since broken the previous highs. This has a great chance of heading higher based on the extremely bullish pattern, watch for this to test $3.50. It normally moves a lot and sells right off so keep that in mind if you’re looking to pick up shares to hold, you’ll probably get a discount shortly if you look back last time I covered this stock as a potential short it lost nearly 40 cents in the following 3 days.

STEI looks like a great play setting up the key here will be the consolidation around $7.00. If it loses it and is unable to break it theres not that much of a play (on the short side) maybe 50 cents max. The play is a long $7.50 break will send it towards $8-9 easily.

SDTH- Another bottom reversal chart, watching for the $10 break if they can force a cover this has a lot of room to squeeze to $12.

TINY - breaking out of consolidation channel as some of the previous stocks above.. $9 break can play to $9.50+ then I’d look for the short back to the $9 range so it can consolidate.

UQM another bottom reversal chart if it can break its previous highs back in late April this may continue towards $3. If it can’t it’ll head back under $2 but I don’t think theres much more downside then that. Play here is buying dips on consolidation.

BSIC beautiful chart - This one may be a good one to start Penny Stocking with Tim Sykes but it needs a breakout towards $2.50 first with short potential back to $2.00

BIOD this may test $20 this run

JYTO new one on watch after the first day of large volume ever.. closed at .63 high of day.

Watch XRM if it loses $4 and watch TSYS for a breakout above $5. View that scan HERE

KYUS from our scan heading higher, nearing the $2 break