Bullish ButterflyLEDS, Set Buy Limit order with other cancels other order for stop/target price. I'm going to try something new and predict that the next candle will be a filled green candle with long shadows on one or both sides.
Buy Limit order: $3.20
Stop Loss: $2.60
Target Price: $6.30
Time Frame: Feb 9th
LEDS trade ideas
This Small Cap Can See A 100% Pop Fast, I Am A BuyerEvery day of late, I see small caps surging incredible amounts. Sometimes there is no rhyme or reason, other than they are low float former runners. I have decided to get into the action with one that seems to make perfect sense. The stock is SemiLEDs Corporation (NASDAQ:LEDS) and it has all the characteristics of a small cap that will surge. Not only is it low float but it is in a hot sector. It also has a beautiful bull flag stock chart. The stock also fits the category of former runner, jumping from $2 to $11 last July. It now finds itself trading at $3.76 and I think it will likely move to $8.00 for a 100%+ move. This is a high risk small cap play, but has huge potential. I am buying a small amount to mitigate the high risk.
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Risky yet tradable Microcap with good product.Interesting performance early detected on stock screen. Further investigation reveals important technicals sponsoring a possibility of a break to higher ground. Risk/Reward high, but playable with discipline regarding technical fade.
Good Luck. For myself, I will monitor Monday using a 5 minute chart with 15 minute trading limit setup for my trading plan.
I will likely limit my exposure to no more than 10K shares.
Good luck all.