Here are some samples of Jason’s bread and butter swing trades:
ICLD – Earnings winner. Let’s start stalking it here for a Fibonacci Retracement play later this week. The goal is to let profit taking and short sellers bring it in and scoop it off of good support for the reversal. Right now I’m stalking entry between $2.30 and $2, we’ll see where it lands today and start to consider a buy Tuesday or Wednesday if it sets up right. Keep exposure limited here because of the balance sheet, which shows very little cash and a lot of debt i.e. an offering could be looming into this spike.
HOTR – Rising channel continuation pattern, in play above $2.40, range to $3.20 before resistance. Volume is light but big spikes on news have been the driver lately, possibly a good setup anticipating more good news.
GEVO – This trade keeps working between $2.30’s support and $3 resistance. I’m watching for entry again above $2.40 looking for a swing to $3 if it works. I believe the company is positioning for an uptrend post split now that the CEO of Plug Power has joined the board. I’m trying to catch a good press release which could lift shares into the $3.60’s.
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