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Himax Technologies Inc (HIMX) great move the past few days up a buck but if it maintains support this can break through towards $7+ Keep an eye for breakout

Newpark Resources, Inc (NR) sitting just below $8 can squeeze on a break of it, watch for it to hold $8 if it can’t I’d wait for it to consolidate before watching for the move towards $10, looks like a better one to watch for a long than to guess when to short

Novatel Wireless Inc (NVTL) sitting just below $11 - this has closed the gap from mid April and is in squeeze mode after testing the $10 support today, watch for dips for the move towards $12+

Omni Energy Services (OMNI) should gap and run ove r$7 if it can maintain the momentum as we saw with ROYL today. Keep an eye for it to pull a move like it did when it spiked to nearly $6 on almost an exact move from just below $5 to just below $6 and today, just below $6 to just below $7. so it may test $7.20 and head back to $6.80s.  It’s also in a good sector (Energy) where everything has been carrying momentum regardless of their business/operational success

Royal Energy Inc (ROYL) down a bit after hours but may be a ploy to trap shorts and power a move towards $12 before it settles. I didn’t think we’d see a move this big and I don’t think shorts did either, I also don’t think they saw the move towards the end of the day coming and ended up getting caught up pretty good… I’d be curious if this test $12 tomorrow.

Boots & Coots/Intl Well Ctrl (WEL) gradual move can support a break of $2.50 watching for consolidation and dips here for the test, volume increasing, volatility may follow tomorrow

Pacific Ethanol Inc (PEIX) - just a straight up turd since the move - but I have it on my scan in case it decides it wants to do a dead cat bounce. No - I’m not recommending this is going to bounce because it very well may continue downward and make 52 week lows, but I think if you pull it up with a chart and have it on radar tomorrow/Wednesday or Thursday, one of these days it may provide some upside profits

OTCBB Scan Earlier Today

Nothing too appealing to start the week I think the best play will be SINO which I will detail in my next post.
If you didn’t catch the SINO post from last week you can do so HERE.

CRMT approaching a breakout level here - this may start to squeeze if it can hold the $16 level right out of open Tuesday. It’s been a rather slow and steady move up so there isn’t any real need for it to consolidate but it may trade sideways for a few days around the $16 level before a $1.50-2 dollar spike towards $18 if it begins to squeeze.

PEIX may be good for only tomorrow for a bounce, I do think there will be .50-.60 cents upside from this $4.20 level but that’s about it. It didn’t seem like people enjoyed the preferred stock sale and it sold off through the day on Friday.

IVAN - We first began watching for it to begin breaking new highs at $2.10. Over 5 million shares traded on Friday, keep an eye for the $3.00 break. Its approaching some long term resistance if it can hold these gains and break the $3 it may turn into a more powerful squeeze towards $3.50 before it settles.

ISLN - this one is a reversal watch, watching for the $5 dollar break. Volume starting to pick up, if it does break - $5.50 is the next test. If it has a hard time breaking it, take profits and move on because it may just trade within its channel.

NAVI reversal watch for the $4 break. If successful this may turn into a multi week/month move towards $5.

PCTI - similar to CRMT, at highs, breakout mode over $9 for a potential squeeze. If it can’t break it, its a short watch similar to GTE (which provided us with $1.50 downside when it was unable to break its resistance point)..

GTE had a nice correction after being unable to break $7 it went a lot lower than I thought - went to $5.05 I figured it would correct to $5.50-6 as mentioned HERE

KYUS had been getting toppy today at $4.33-4.34 I figured last night it would top at $4.25-$4.30, lets see how it does by holding through the lunch hour. You can read that HERE about my thoughts from last night. If this holds through the day it surely will squeeze into close. if it breaks under $4.10 however the masses will be selling.

MXC I think it’s going to consolidate around this level at $37-38, lose its volume and slowly sell off over the next few weeks but it will probably test $40 and squeeze over it if it breaks but I don’t anticipate the move to hold. It will just be another attempt for the big guys to lock in some good shorts at high prices before it returns back to reality. I wrote about it last night HERE.

AYSI breaking to new highs

PEIX getting crushed today watch for this to bottom around $4.25-$4.35 for reversal after the long weekend (Tuesday). It may test $5 and thats about it, I wouldn’t expect this to be a long more than just trading the bounce.

After the volume stops and interest leaves this will probably settle right back down, but while the interest is there, we might as well look for opportunities to trade. If $4.25 breaks down let it test $4.00 but I doubt it will go much lower than $4.30 today and Tuesday.

To view the scan go HERE.

FPP was able to hold all gains on the gap and crushed shorts towards $6. Keep in mind this was $2 dollars just a few days ago… It’s up after hours it may squeeze more and then I’d look for a correction. BUT as we’ve seen in the past few days with MXC and PDO… ANYTHING is possible.

CBRX - Volume picking up and it snapped the $3.50 with ease. Watch for this to test $4 in the next day or two, it may want to come back and consolidate around the $3.25 to $3.50 level but this is probably going to be the new base for a powerful move higher.

PEIX provided a great trade as expected both long out of the open and short through the day. Nearly doubling the volume this thing is going to be in play for many more days.

NOVN behaved perfectly, it wasn’t able to create more highs, and tested back towards the $12.50 level actually taking it out and hitting a low of $12.34.

SYNM hanging in there lot of shares exchanged hands today, I’d watch for the consolidation around around $2.30-2.50 before jumping in for a move higher, let it consolidate and confirm a trend, but I wouldn’t recommend a short.

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