Called to short it, the reason is the 1st bar was big red, this is a faded gap, then short it on pullback. See how the small consolidated bars give a hint.
JASO doubled in last 2 days, though today it closed low, if it hovers here, it may have more upside potential. Ideally a bit of pull back and consolidation will be nice. People will generally take profit when a stock goes 2X in 2 days.
I like this stock and feel this is worth $140. Coming to 80 will be nice but I doubt it, Going above 90 is good. Just like the way it is consolidating here before it goes above 100.
PPO looks nice, break out above 43 will look good on weekly and on daily. The 20MA's are now going up and like the 200 ma flat. Has potential. Could have been played well as a day trade on this today.
BBY long play is good, but I just don't like this stock only because of the fights of ownership that is going on and that is why this is popping. But above 27 looks like a break out, may not last, will not hold it for a swing play or will not keep it for overnight, since if the battle becomes sour, this stock may tank.
