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MXC Mexco Energy Corp - on the verge of breakout just over $50 dollars, besides the 52 week high - the real breakout here is the triple top near $50. This chart is incredibly bullish and without a doubt the largest short squeezer we’ve seen in a long time. If the longs can keep this up, and shares are strongly held we can see a $10 point move possibly tomorrow. More MXC post can be found HERE.

PDO Pyramid Oil Co - another stock shorts are in big trouble as you can see by these over extended moves, it will probably open over $40 tomorrow and whether or not oil holds up will tell the tale for these stocks. This has been a crazy stock since the consolidation for more scans of PDO visit HERE.

TGC Tengasco Inc - very bullish chart, $2 break imminent but as far as holding this one long, $2.00 needs to hold as support, if it can this stock can continue, and probably continue for a while. For more TGC scans you can visit HERE.

NOG Northern Oil & Gas Inc Nev - $16 break should cause some commotion towards $18+ Read more NOG post HERE.

KOG Kodiak Oil & Gas Corp - needs to hold $5 and can support a move higher if it gains any momentum. For more KOG scans go HERE.

ROYL Royal Energy Inc - $11.59 52 week breakout on this one, if it breaks could test $12 after that its a life of its own towards $15.

SSN Samson Oil & Gas Ltd - nice set up, moves like these are good at times because they’ve cleaned out most of the sellers between here and $6. If $4.50 holds it may maintain, this isn’t really one of my favorites but the way these all move.. you never know. So worth the radar.

FPP Fieldpoint Petroleum Corp - this may be ready to turn up shortly.. but it isn’t running with MXC and PDO like it did before, this could be a sign of a potential short where it may fall twice as fast - percentage wise - on the way back down compared to MXC and PDO. We’ll see - not a fan unless it can break $6.50 and hold it.

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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

Looks like IDGI took a break from the recent move - I detailed a post HERE warning those koolaide drinkers of a probable black hole investment. It’s down nearly 50% since.

KYUS talk about volume really drying up - hope you all made it out on the momentum with a profit!

I will have more scans tonight! ROYL made a beautiful move today out of the open, and a great short opportunity. I don’t think theres much more upside over $10 but it can always squeeze… I’d watch for the correction back to the $8.50 level within the next day or two if it can’t break $10 again.

MXC - Reversal was only a matter of time on this one. As I thought HERE once it consolidated it would more than likely retest $40. I also expected a 30-35% correction before changing direction. Yes the stock probably doesn’t belong this high, probably extremely over valued on all accounts and probably will be much lower in a month or two once things cool off and the big players have found another security to play with. BUT the FACT of the matter is all that doesn’t matter. This is a speculative commodity play, which is explained HERE very well. This probably will open $41-42 regardless and if the momentum can carry over and could test $45 tomorrow.

Can it test new highs? I doubt it .. BUT I wouldn’t rule it out. A squeeze to new highs would be fueled by one main thing - inpatient shorts last week trying to knock through the $30 support and finding themselves upside-down on the adds. I’d watch for this to squeeze and wait for it to break back through $40 before attempting any shorts.

PDO - Similar to above - I would let it test the $20 level before doing anything. If it can’t break through I’m not sure I’d short it just yet even though the downside is probably around $3-4 dollars. Too much risk when it could easily move towards new highs. I’d like to see it test $22-23 and began its sell off before thinking about it.

FPP - no real rhyme or reason here, it’s just going to follow the rest (PDO MXC), this will more than likely test $6.50-7 tomorrow at which point it’s probably going to find some resistance levels. If it can test $7 and hold it’s gains it may be a multi day squeezer. If this holds today’s gains out of open I would be a buyer looking for the $6 break.

ROYL - too much of a move, any gap and run I’d be bearish on tomorrow. Although it’d only be an intra-day trade I wouldn’t suggest shorting and leaving for the day, at any point it could take out new highs. Join us in chat tomorrow because as many were trading these stocks today - I’m sure they’ll be in play both ways (long and short) tomorrow.