Thursday, March 29, 2018

Swing Trades for April

Just because i'm heavily invested in $LR doesn't mean i wont have quickie plays. Below are my post holy week plays (April Plays).

$ATN
ATN seems to be building a new base at 0.55 - 0.58 range. Buy on breakout or start accumulating? It really depends on your risk appetite. If i'm not that confident with this trade, i would buy if it breaks above this range. If i'm confident with it, then i would start accumulating near 0.55 to get that big volume. Technically speaking, i like its setup. Fundamentally speaking, i like its shift from Solar focused to Rock Crusher focus. The market will appreciate you soon. 

$ION
ION took a very huge hit after its equity restructuring disclosure on one of its arms. I would buy this stock at its current price level with a cutloss of 5% (Without tax) and would buy more if it breaks 2.50. Consecutive green closes despite the bad market. Interesting :D 

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