Daily Bouncer Watch List for 4/6/2011

Here is a list of possible bouncers for Wednesday.

XXIA - Bounce play above $14.13, continuation play below $13.75.

MNOV bounce play above $2.36, continuation play below $2.21.

DGW is setting up nicely. I like the volume and the exhaustion candle. Bounce play above $3.41.

AONE - Bounce play above $6.04, continuation play below $5.90.

MERU - Bounce play above $16.22, continuation play below $14.57.

MAJC has been in the watch list for the past few days. It will likely continue to be because of the potential this play presents. Needs volume to really be in play though. Bounce play above $0.54.

I will continue to watch SBAY and CBEH. Still watching RST to break $14.00.

HEAT Daily Bouncer

Here is a bouncer I missed today. It had a great setup. The exhaustion candle, the high volume, the significant drop. Just about perfect. Unfortunately, I just never took a look at it. Nonetheless, it does show the potential of this play and can be used as a learning tool, so here is the chart. A good buy-in would have been above the high of the previous days candle.

Daily Bouncer Watch List for 4/5/2011

Here is a list of possible bouncers for Tuesday.

MAJC had very little volume today so it would have been tough to play. I still really like this play, and will be watching for higher liquidity. Bounce play above $0.55. I don't really like the continuation play.

SBAY set up nicely after falling today in what would have been a good trade for the continuation play. A nice looking exhaustion candle formed today. Bounce play above $2.33.

CBEH also fell today with what was a good continuation play. A nice exhaustion candle formed today hopefully setting up a nice bounce. Bounce play above $2.31.

OMER bounce play above $5.20. I don't like the continuation play.

I still like RST above $14.00. Also watching NTAP, MNOV, AOB and CVVT for better setups.

Daily Bouncer Watch List for 4/4/2011

Here is a list of possible bouncers for Monday. They are all penny stocks so these plays are obviously much more risky.

DYP looks like it will bounce soon if not on Monday. Bounce play above $1.18, continuation play below $1.01.

MAJC looks ready to explode to the upside soon. It just needs some volume. Bounce play above $0.57, continuation play below $0.51.

ALTI bounce play above $1.58, continuation play below $1.52.

CBEH is not the best setup, but I love the potential for this to be a big play. The continuation play may come in to play first before the bounce play is perfectly set up. And it may take a few days for there to be a great setup for this stock. But definitely worth it to keep an eye on this stock. Bounce play above $2.56, continuation play below $2.24.

SBAY is similar to CBEH where it is not exactly the best set up, but the potential for an explosive play is there. May take a few days for a better setup, but I am watching it. Bounce play above $2.70, continuation play below $2.27.

Other stocks I am watching this week

I am watching RST to break above $14.00. It is not really a bouncer play, but it is a bottom play. I will be watching HSYT for a similar type play above $0.17. I will be watching the following stocks for good setups on the bouncer play: DGW, CJJD, HSFT. Be extra careful with some of these plays, as many of them do not have much liquidity, and it could be difficult to exit the trade.