[isatrader]

Although a very negative day with the small and mid cap stocks taking a beating, I thought I'd highlight a potential candidate for a pullback entry that only recently moved into early Stage 2 on strong volume interest.

MRGE - Still in early Stage 2, and having it’s first consolidation / pullback. What for the secondary entry point to form at the breakout level or a continuation breakout higher. Notable volume pickup since the breakout, and relative performance is strongly above the zero line. A negative to note is that it is still in the resistance zone currently. And so needs to make a continuation to get clear of it.

           

[isatrader]

CY - Gap up Stage 2A breakout attempt on heavy relative volume (almost 3x the weekly average after only a day and a half, and relative performance that's above the zero line. Currently approaching near term resistance from the 2013 highs.

           

[isatrader]

FLML - Stage 2 continuation attempt

           

[isatrader]

BV - Stage 1. Watching for a breakout attempt above the top of the range, although still has near term resistance.

           

[isatrader]

CARB - Gap up Stage 2A breakout attempt with strong relative volume and relative performance breaking above the zero line.

           

[isatrader]

BIOL - Interesting Stage 1 micro cap forming a cup and handle pattern in it's base and relative performance that's trading around it's flattish zero line. Watching for a close above $2.75 level for a potential move into early Stage 2A, although it has near term resistance up to the $3.5 level.

BIOL - highlighted last week, is attempting to make a Stage 2A breakout on only weak volume, but with good relative performance. Near term resistance up to the $3.5 level.

           

[isatrader]

MODN - last highlighted four weeks ago, is continuing to develop in it's Stage 1 range. Watching for a breakout attempt of the top of the range.

           

[isatrader]

QTM - the Stage 2A breakout attempt was highlighted on the 3rd November, and since then it's moved higher on above average volume. Now it's approaching the initial resistance zone from the 2013 highs and so it could be a good potential candidate to watch for a pullback entry. So I'm watching for the first significant consolidation / pullback to see how it reacts, and if it continues to meet the Stage Analysis requirements.