In relation to my Chart.ly post (seen HERE) from yesterday, I've decided to put up the best Micro/Small Cap technical setups I could find within the Financial, Healthcare, Technology, and Consumer Goods sectors. Below are seventeen (17) of the best tickers that are directly involved in one of these four (4) sectors - Enjoy:
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CROX 3 Month, Daily
Short-term ascending triangle price pattern - watching for a possible decline IF the 10d SMA crosses above the 5d SMA.
** As seen on Chart.ly earlier this evening**
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CZZ 3 Month, Daily
Very similar to CROX chart seen above, ascending triangle price pattern is prevalent - waiting for a possible retest of the ascending trendline if the 20d SMA doesn't hold.
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SUSQ 9 Month, Daily
Short-term ascending triangle price pattern - waiting for a low volume distribution decline to the 6.10 price support OR the 20d SMA.
** As seen on Chart.ly earlier this evening **
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ABK 6 Month, Daily
Short-term symmetrical triangle w/ declining overall volume - watching the SMA spread, as the 20d SMA is coming up to support the ascending trendline and the 5d/10d SMAs are giving off a mixed sentiment (Upside potential IMO is high).
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GBE 6 Month, Daily
Egregiously large breakout on Friday with huge volume follow up - watching for a possible "Bump 'N' Run" to form within GBE's price action.
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CT 9 Month, Daily
Great bull flag developing within the neutral flag price pattern - waiting to see if current price decline will hold the 20d SMA and the ascending trendline on decent volume accumulation.
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FRE 6 Month, Daily
Flat base price pattern beginning to form on flat overall volume - watching for a possible 5d/10d Momentum Cross and a price hold on the ascending trendline.
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CEGE 6 Month, Daily
Intermediate-term, tightening symmetrical triangle w/ low overall volume - waiting for price to break above or below the 200d SMA.
** As seen on Chart.ly earlier this evening **
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GERN 9 Month, Daily
Short-term ascending triangle price pattern, holding 50d SMA resistance as well as the 7.43 price resistance - waiting for a high volume accumulation price breakout, overhead resistance at 8.00-8.25.
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SOMX 3 Month, Daily
Symmetrical triangle breakout to the upside - holding 5d/10d/20d SMAs on a good amount of volume accumulation but staying within the confines of the short-term volume decline.
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VICL 6 Month, Daily
Dollar decline from VICL's high two weeks ago on low volume distribution - waiting for the 5d SMA to cross below the 20d SMA in order to start VICL's price bottoming process.
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EGLE 3 Month, Daily
Short-term ascending triangle price pattern w/ 2-Day, low volume distribution bull flag - 100d SMA holding the current price pattern in place, waiting for a break above this particular SMA to continue moving higher.
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AAI 6 Month, Daily
Intermediate-term symmetrical triangle price pattern w/ mixed volume and a mixed sentiment within the 5d/10d SMAs - extra support with the 100d SMA propping up its current price action.
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JASO 6 Month, Daily
Fantastic price increase over this past week with a good patch of volume accumulation - the ascending wedge's descending trendline resistance along with the 4.72 price resistance holdingJASO's price back with the 50d SMA keeping the price afloat (volume "tell" is KEY).
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FRP 3 Month, Daily
Descending wedge price pattern on low overall volume - 20d SMA support price w/ a possible 5d/10d Momentum Cross w/ volume accumulation on the way.
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CSUN 6 Month, Daily
Short-term symmetrical triangle inside of an intermediate-term neutral wedge w/ short-term overall volume decline - As if that wasn't enough to comprehend, I'm carefully watchingCSUN's 5d SMA to test the 10d SMA and hold its Momentum trend.
** As seen on Chart.ly earlier tonight **
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SONS 6 Month, Daily
Textbook ascending triangle w/ a low volume distribution, high price decline - waiting for the ascending trendline and 20d SMA to hold as SONS' price support.
As you can see, even in an overbought market there are STILL technical swing setups that work. Continue to trade the setups that work and you won't even need to worry about what the market does in some cases. Keep your eyes on volume and the SMA action within these Micro/Small Cap names and you'll be good to go.
Enjoy the rest of your Sunday everyone!
moosejaw..how original
Thank you - How about you put your name next time Anonymous.