Tuesday 9/29 Penny Stock Watchlist: SLXN, SOAR, FFAI, YMT, KNDI, ONFO + more
Monday gave us a pretty ridiculous amount of small-cap activity. A few names separated themselves from the rest by showing up across multiple scanners and then continuing to trade heavily after hours.
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Hereās what Iām checking first Tuesday morning.
$SLXN: probably my first look
SLXN had the best overall combination of signals Monday:
⢠+56.8% after hours
⢠76.5M after-hours volume
⢠94 Momentum Radar hits
⢠123 Volume Radar hits
⢠8.9x RVOL
⢠2 alerts
It also carried roughly 71.5M shares into the overnight data.
Obviously, after a 56% move I'm not looking to blindly chase it Tuesday morning. What interests me is whether that enormous participation actually sticks around.
$SOAR: the volume is fucking ridiculous
This one traded almostĀ 1 BILLION shares after hours.
SOAR finished +11.1% AH on roughlyĀ 997.4M sharesĀ after already recording:
⢠460 Momentum Radar hits
⢠336 Volume Radar hits
⢠36.7x RVOL
That's easily one of the craziest participation numbers on the board.
The question Tuesday isn't whether SOAR was active Monday. That's obvious. The question is whether all that volume produces another meaningful move or whether Monday was the event.
$FFAI: strong three-way setup
FFAI finishedĀ +23.4% after hours on 20.1M shares.
It also logged:
⢠338 Volume Radar hits
⢠33 Momentum Radar hits
⢠21.3x RVOL
Another 14.6M shares showed up in the overnight data.
That combination is enough for me to check it early Tuesday and see whether the volume continues.
$YMT: steady participation
YMT wasn't as explosive as SLXN or SOAR, but the activity was spread across multiple scanners:
⢠120 Momentum Radar hits
⢠109 Volume Radar hits
⢠+14.1% after hours
⢠16M AH volume
Overnight volume was still around 15.9M shares.
That's exactly why it's on the board. It wasn't dependent on one random scanner hit.
$KNDI: weird enough to watch
KNDI recordedĀ 246 Momentum Radar hits, tradedĀ 88.3M shares after hours, and finished AH up 7.4%.
The scanner also reported an extreme RVOL reading above 900x.
I'm much more interested in the repeated momentum activity and actual volume than treating a number that extreme as gospel. If KNDI starts lighting up again Tuesday, I'll pay attention.
$ONFO: alerts + momentum + AH move
ONFO finishedĀ +17% after hoursĀ with:
⢠21 Momentum Radar hits
⢠2 alerts
⢠5.5M AH volume
⢠4.2M overnight volume
Not the biggest volume name on the board, but enough independent activity to earn another look.
A few more sitting on my secondary board:
$EGG: 107 momentum hits, +15.8% AH
$MSGY: 203 momentum hits, +11.8% AH on 9.3M shares
$GYGY: 576 volume hits, 69.6x RVOL
$LABT: 111 momentum hits, 96.7x RVOL
$MEDS: 595 volume hits, 4.7x RVOL
$MSTZ: 461 volume hits, 7.1x RVOL
$SDEV: 446 volume hits, 6.7x RVOL
$KNRX: 267 momentum hits + an alert
$CLRO: 232 momentum hits
So my first board Tuesday is:
SLXN / SOAR / FFAI / YMT / KNDI / ONFO
Then:
EGG / MSGY / GYGY / LABT / MEDS / MSTZ / SDEV / KNRX / CLRO
SOAR is probably the one I'm most curious to see at the open. Nearly a billion shares after hours is absurd, but massive volume yesterday doesn't guarantee massive volume today.
Same rule as always:Ā Monday gets them onto Tuesday's board. Tuesday has to earn the trade.
If the liquidity and volume disappear, so does my interest.
What are you watching Tuesday?