Video is of ARNA. Text watchlist is of DSTI, CRUS , MLNX
DSTI
Looked dead in the water as it blew through the 2.70’s fast. It continued downward all day until it stopped at 2.25ish.Then during the last hour of trading , as with most stocks on Friday, DSTI runs straight up to the 2.60’s. That’s good news as it looks like it will give me another opportunity to short this egregious company. I would love to see another $3 print on this That would be like getting two Ferrari’s on your birthday. If it reaches that level I most likely will short. However, I will be looking to short on any spike if there is one providing this stock doesn’t take a dump during pre market on Monday.
CRUS
Very impressive. This thing is real bullish at this point. The gem in all of this is the chart pattern and price action on CRUS, it’s predictable and profitable. I was busy on Friday and didn’t get the opportunity to trade all day or I would have tagged this thing twice. Every retracement leads to a new high. CRUS is now at an 8 year high and most likely will print the low 20’s soon. I will closely monitor the action Monday morning and look to start a position long on the first retracement, providing it stays in the 19’s
MLNX
After disappointing investors with a lame earnings forecast MLNT tanked 40% on Thursday. I’m curious to see if this ting is going to try to fill in the gap to the 20’s on Monday. When momentum/day traders see stocks like this they go all in because volatility is high. I highly doubt a run to 20 is possible over the next few days, but a failure in the 19’s may provide a good bullish exhaustion short.