Volume once again decreased on all exchanges. Not a positive sign institutions are in a hurry to jump back into the market. But we still have to watch in the next seven days for a move of 1.7% on above average volume to consider us in an uptrend again. Even if we get it I dont think it will last. Market needs to make up time to put together decent bases in the charts so we can have a sustainable move up. Overall a boring day with not much happening.
I did find some longs to consider for tomorrow:
MINI nice bounce off the 50 dma lot of accumulation and nice BOP on tcnet
WEN everybody trash talking WEN but today it broke out of a sloppy base and with all the negativity in this stock I think a good trade is possible.
HTRN just some wonderful accumulation this year, BOP on tcnet is beautiful, and the price pattern is very strong. Today's new high on good volume is another chance to buy some.
AVL mentioned yesterday but with today's breakout a pullback makes an excellent long. As long as the pullback is on low volume.
AWGI BOP on tcnet and volume was coming into this stock before this move today. Even tho I mentioned it yesterday, today's strong move up on good volume signals the breakout is around the corner. If you are long from this morning's open 12.35 is my cut loss.
ALOHA time to surf.
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