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

Have you joined us in chat yet? http://www.investorslive.com/chat.php - please let us know if you have any trouble with the Java login.

Want to win a free book at timothysykes.com ??

KBX - on watch for breakout above the $1.90 to $2.00 level.

HDY surprisingly has held all gains

ALVR - if it can’t break $9 consider it toast back until $7.50-8 range

XRM - watch for this to squeeze more over $4, if it can’t hold $4 this may be good back to $3.50 or lower on the short side

UBET - I still don’t like I think this will be under $1 before it touches $1.50, on watch for any spikes followed by weakness

TSYS still creeping up from HERE, watch for the $5 break