Pre Market Game Plan by AJ – 12/20/17
1) $XIN LONG at $6.51 NEWS out “BlockChain” technology to be used by Shenshen financial (6.14)
Stock Gaping up +$1.30 I like to see this run at the open possible $8+ touch followed by a decent pullback on it then look for this to bottom curl with volume then go LONG for possible all day slow move towards $10+ on this news.
2) $NETE Launching “BlockChain” business unit (5.21) Note: Arick has been walking this up since $9 stock now $13+
Stock Gaping up +$8 everybody wants to be the next $LFIN I would like to see $NETE rock out of the gate towards $15-$17 then look for a decent pullback on it on profit taking would like to see this pull hard to $8-$9 spot IF it comes then watch for bottom curl then look to go LONG on it. Should be fun today, stock has volume and room to run
3) $NXTD Introduces NEW development for Crypto Technology to use as currency to purchase goods (1.82)
Stock Gaping up +$1.25 I would like to see this pop a little at open followed by a lower low to set in at $2.50 area and look for a potential all day fader. Excepting or making a platform to except a crypto currency is more fluff to me then anything so be careful chasing this. However if this pops at open watch the flag break out stock has room to $3.50-$4 before giving up. I’ll be watching
4) $SSC China Investor Bruno Wu has made a 2million dollar investment (4.33)
Stock Gaping up $2.50 I would look for this to small pop at open possibly thru $8-$10 followed by a decent pull on or sell off to $5-$6 and under on Profit taking, if this just pulls at open to $5 and under watch for bottom curl then look to go LONG for a nice slow all day move to the upside. think this could see $10 on it, News continues to come in with PR so stock has room
5) $NUE Upgraded to BUY at LONGBOW with a $72PT (62.43)
Stock Gaping up +$1.40 I like to see this pop a little more at the open I would consider scaling in some short here at $63.80 room to $65 then look for a nice 1-1.5pt gap fill back to $62.50 and then look for this to have a slow all day move to the upside.
6) $LFIN Gaping up with range this morning (68.27)
Stock Gaping up +$12 PTS I would like to see this gap fill pull at open back to $65 and under if it comes, I think its time for this to break $60 spot and if it does then look for a slow all day move to the downside. I will be watching for pops so stock has room back to $85-$90 on pops but right now would love to see this pull to $60-$65 at the open
7) $MU Earnings Beat (43.98) Multiple PT some as high as $70+
Stock Gaping up +$3 POINTS would love to see some of this sell off at the open to $44.50 and under on profit taking then look for a nice slow all day move to the upside, if this pops thru $47 on a flag look for this to run to $50 today. Stock did very well on earnings and we can finally see a $50 mark on it
8) $RIOT another day another gap up. (38.60)
Stock Gaping up +$2 I would like to see this pop a little more at open towards $41.50-$42 spot then look for a decent pullback on it should actually pull to $37 if possible then look for a nice slow play back to the upside on it.
9) $APPN Gaping up on NO news this morning (26.11)
Stock Gaping up +$1.50 would take the short at $27.80 and look for this to gap fill huge at the open then look for a bottom curl around $26 area then look to go long on it for an all day slow move back to highs
10) $OSTK Gaping up +$2 (73.48)
Stock Gaping up +2 points would lean into this short at the open and pull it back down to $73 and under then look for this to pop and flag break out and head towards $76-$78 I see this hitting thru $80 spot or more today. Should be fun