Penny Farmer’s Crops to Watch
I currently have a couple swings that I’m looking to close today, $BIND and $SGY. I’m pretty sure it will be a hit on the account… especially with $BIND.
As for active trades today I’m testing a new scan and will be focusing on stocks between $1 and $15. I’m going to be ignoring the sub $ pennies. The stocks that are sub $ are more difficult to trade and so far not as reliable for me to stay consistent.
Pre-market scan highlighted $BCS, $EBIO, $PLCM, and $AMD
$BCS had about a .40 gain A/H and P/M but the longer charts show a downward trend so I’m more bias to shorting this. I may look at this running in the open and then look to short it into a fade.
$EBIO, I’m watching this to see if it continues to fade from the P/M action though I’m not sure I’d be able to short it.
$PLCM recently broke support at $10.90 and shows a downtrend bias on long term charts, but has had a nice climb on the 1D 15min chart. I’m not sure which way I’ll look at trading this but mostly interested in the price action and if it will move.
$AMD has a decent uptrend on the daily chart and looking at the P/M on the 1min chart shows the Awesome Oscillator and MAC-D it crossing over the zero lines. I’m looking to enter a long position here.
Hope you all have a good weekend, please say a prayer for the officers in Dallas and their families.
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