Tag: ONCY

AAPL, MWIP & Extended Watchlist

Apple, Inc. AAPL

AAPL has always been a passing focus of ours. We were able to take advantage of this tech giant several times last year, especially with regard to options trading. Yesterday the stock saw a move off of its low of 454.12 to close at 468.22. Any time you are able to see a 1-3% move on Apple, you can be rewarded with gains into the triple-digits out of the options. For those unfamiliar with this aspect of trading, downtrend signals a play for the Puts, and of course the opposite trend requires purchase of Call contracts.

AAPL is trading up over 470.00 pre-market this morning, so it looks like we are in an uptrend with key resistance at the 20DMA of 474.83. A break past that area would mean big profits on the Call side of things.  We will be looking at both puts and calls with a strike price close to the money today, most likely at 470.00, and 475.00.

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MediSwipe, Inc. MWIP

We called a pullback on our marijuana stocks in the middle of the week. Yesterday signaled the end of the consolidation period for many of those stocks, as MJNA, HEMP, ERBB, all began to bounce back.

MWIP on the other hand, has seen three days of gains in a row, and yesterday the stock touched a new high. We have a favorable chart pattern here; the RSI is in the power zone, with the Slow STO having just crossed, and the PPO gearing up for a cross itself.

BARCHART.COM is currently giving MWIP a “100% Buy” Rating

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Extended Watchlist:
LWSP, ONCY, TZYM, ZNGA, PEIX, AEZS,

APDN, MWIP, ONCY & Extended Watchlist

APDN had an impressive day for the second consecutive session. The stock ran up until it hit a patch of resistance at.295, right where we asserted it would come. When added to Wednesday’s gains, APDN’s performance yesterday brought our total cumulative profits to a possible 44%

The stock has maintained its strength on the chart, as we’ve seen higher highs and higher lows on rather impressive share volume, and nearly $5M in dollar volume.

The next key level that we’d like to see broken through is .2965. As we said yesterday, a break past that level could send us into Blue Sky Breakout mode.

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MWIP was added to our extended watchlist yesterday after we observed the momentum it exhibited earlier in the week.

We are no stranger to MWIP, we began following this play back on October 16th when we put out our first medical marijuana roundup report. The stock was trading as low as .0031 at the time, subsequently surging to .005 before it dipped to find support between .0024-.0029.

Yesterday the stock was as low as .0055 and ran as high as .0076, an intraday gain of 38%

The buzz surrounding medical marijuana stocks doesn’t figure to slow down anytime soon, and this play could be headed to pennyland in the near future. The next patch of resistance from here appears to come at .0125. We’d like to see the previous resistance from .0066-.007 hold as support.

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Oncolytics Biotech Inc. ONCY

ONCY was another new addition to our extended watchlist yesterday, had a heck of a day, opening at .2.70, and running as high as 3.85 before closing out the day at 3.03 (+43%).

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Two days in a row, our selections have provided us with a couple of nice opportunities for profit. As we were saying yesterday morning, you really can’t find the kind of variety of successful plays anywhere else, that we provide here on a consistent basis. Here’s wishing everyone a safe and fun weekend, best of luck to all and happy trading.

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Extended Watchlist:
AZFL, FCEL, ALXA, GSV, SZYM, SRGE,

APDN, BCCI, & Extended Watchlist

After appearing in yesterday morning’s Extended Watchlist, APDN was the most traded stock on the OTC Market, with both the most trades (2340) going off, and the highest dollar volume ($5.5M). The opportunity to make a 31% gain on the day was present .

Back in September, the stock hit a high of .296; that will be a key area of resistance to breach, as a move past there could lead to a blue-sky breakout.

Indicators on the chart would seem to suggest that this is a real possibility.

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Baristas Coffee Company Inc. BCCI

While APDN was 1st on the most traded list, BCCI came in at a very respectable 11th. Another stock from yesterday’s watchlist, the stock recorded 306 trades, on just under $200K in dollar volume, while trading over $100K one day prior.

Yesterday, all the indicators on BCCI looked bullish; the RSI, PPO, and Slow STO all got above their 50DMA’s yesterday, showing impressive strength. The PPS cut past the 50 & 100DMA’s like a hot knife through butter. The next key area of resistance will be the 200DMA (.06). Back in March, that .06 mark was a previous support level, as the stock bounced off .061 to run as high as .128. Should BBCI continue its momentum, and break through the .06-.07 range, there should be little resistance on up to those previous highs.

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Extended Watchlist:
AZFL, FARE, MWIP, TELK, CLWR, ONCY,