Updated: Feb 16
Here are some top plays we are watching this short trading week ahead. Daytrading Continuation Plays
These top 20 stocks exhibited strong volume and volatility last week and should be kept on watch for possible upside breakouts over the previous session's high on day. They are also on watch for support entries on any dips. Shipping stocks are all poised for a further breakout but may need to dip and consolidate after Friday's push higher - $TOPS, $SHIP, $DSX, $PXS are all forming or have formed daily and weekly golden crosses and have the ability to short squeeze much higher in the coming 2-8 weeks! Low floats and small cap pennystocks continue to see large volume and massive gains daily!
Exhibited an amazing upside breakout Friday's session and moved higher in the after hours session as well. Watching for $3.00 and $3.50 to develop into support levels once broken to the upside. If the price can sustain over $3.50 the PT1 is $3.75, PT2 is $4.00. At any point if this stock breaks $4.00 it can move to $4.10,4.25,4.50,4.75,5.00 breakout price targets.
$MSFT This stock has been on our long term swing and investment radar all year long as it was consolidating in an increasing wedge. Now that it has brokeout of the $230+ resistance zone, we are watching $240.00 area of support to hold, any dips to $240/238 we will be adding to our position and/or is a good entry if not already in. If this stock can clear $245.00 and hold above the breakout targets are $247.50/248/250. If at any point MSFT can clear $250.00 and hold it can breakout to upwards of $260.
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