WatchList for Wednesday

Kunal
Desai
December 2, 2009
How to trade stocksbows-opengraphTrading-Watch-List

DSCO - Coiling up nicely and hitting against MA20. RSI14 and Full Sto both improving, so I'll watch for quick scalp or swing on move through MA20 with stop around .73. I won't enter until MA20 has been broken on the daily chart (right now .78).

PLM - laggard Platinum and metals play. Others boomed today, but this one sat still. Nice consolidation just under MA20. If there is a continued move in it's peers tomorrow, we might see a nice scalp or swing opportunity here. 3.00 first target.

AZC is another low volume mining company with a nice chart setup on the daily. Would love to see a confirmed move through MA50 on volume.

LVLT - Yeah, I know... lots of sell-off volume today, but chart is still worth watching. Look out for the horizontal resistance at 1.25. Needs to get through there before I'm interested in a swing long.


I'm also watching Uranium stocks.. many are setting up for a move and worth watching. UEC pushed through horizontal resistance today and I'm looking for others to follow. If we see some more volume and quick interest in uranium, I am eyeballing these, in particular:

 

URRE - I'm waiting for the MACD to cross through 0 and a recovery above MA200.
DNN - Starting to have a rounding bottom MACD. I like to see that and might swing long if we get a move through MA20.

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