I’m still having a hard time finding premium setups out there. There are a few, but still hard to come by. Tuesday, we caught the initial breakout in $OWW, and if you study the chart before the breakout, that is what I’m looking for. $SPMD has a similar pattern so keep that on watch for Wednesday.
Here are some other setups I’m watching:
$TZOO, I like it on strength:
$AZK, another small gold miner on my radar:
$VICL, still plenty of action in biotech, keep this one on watch:
My full long and short watchlist can be found inside our trading room, 12631. See you guys in the pelican room.
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Do you think OWW was positioned for a breakout or was it a reaction to the news with its deal with Virgin?
brokeout before the news, but could have been the combination of the two.