Potential Plays for 4/17/14 - DRMC & MZEI

DRMC is my main pick as it had a very strong finish yesterday. Its up pretty high as it is but has plenty of room to go higher. What I will be looking for tomorrow for it to break .43. That will be my entry point. This stock could very easily turn around so I will have my finger on the trigger if I do get in.

MZEI is my second pick. This stock has intraday resistance at .28. If it breaks that point I believe we could get a small spike. Both of these stocks are up pretty high so I will be quick in my profits if they do indeed spike.

Level II Basic Tutorial

This is tutorial is very basic just to give the viewer a brief understanding of what Level II is and how it applies to price action. Future tutorials will cover how to use Level II in more detail. Watch this DVD for a better tutorial - Level II

Example of a Breakout - GNK

I was asked by a reader to give some examples of chart patterns to look out for. Below is GNK, a stock I posted about before. I set an alert at 1.82 to text me if it broke that price. I received the alert but did not act on it and the stock proceed to hit 2.89 in a few minutes. The two charts below are a 10 day chart and a 1 month chart. The red horizontal line shows the resistance point of 1.82. You can see that once the stock broke this point, it skyrocketed up. The reason it spiked as big as it did was because shipping stocks were hot at that moment. Either way, if you are watching for breakouts, it can be very profitable.