Stock Scan $.05 to $.30 - Jul, 12 2017

An analysis from last weeks' Scan of Stocks between $.12 and $.28 provided some decent day trading opportunities for small gains and a few opportunities for bigger swing trades.

After having a big pop $ABR.ca sold off for the next few days, but for the patient trader this provided a great entry point after the 3rd day of selling. This is often the case when a stock fails to break out as many traders exit their position over the next few days and once they are out the stock will often bounce on good volume.

$TGIF.ca came off the low as expected and provided a nice 25%+ initial gain as well as plenty of day trading opportunities. Personally I like this company and will look to get long again in the near future once the financing is closed, but for now I am happy to trade it for daily gains.

$R.ca also provided a decent little pop back to $.30 and again provided plenty of opportunities for day trading.

This weeks scan was for stocks trading between $.05 and $.30 cents with 500K+ volume, at least 15 trades and closed within 5% of the high.

Each of the stock's chart were then visually viewed and the ones that were hitting new highs after gaping up for a couple of days or are pulling back after a big run or removed. Although these stocks do provide great day trading opportunities for nimble traders they are highly risky at this stage as the stock struggles to find a new floor.

What I look for in the stocks that are left are the following criteria:

1. Stocks that are hitting new lows on large volume.
2. Stock starting to firm up (building a base).
3. Stocks that have been slowly grinding higher.
4. Stocks that broke out on positive news. 

I do not own any of the stocks on this weeks list, but almost took a position in $MMJ.ca today when it was down around $.115.

I also day traded $TGIF.ca two times today to scalp $250 and will look to trade it again tomorrow.

If you decide to look into these names and find something interesting, please share in  the comment section.

Sym -Names	Last	Chg	%Ch	Vol	#Tr	Open-Hi-Lo	Year Hi-Lo
MMJ - C - Matica Enterprise Inc.	0.13	0.015	13	4,409.40	173	0.12  0.13  0.11	0.175  0.005
TGIF - C - Friday Night Inc.	0.25	0.01	4.2	1,791.50	262	0.245  0.26  0.225	0.40  0.05
SNA - C - Star Navigation Systems Group Ltd.	0.075	0	0	732.1	15	0.075  0.075  0.07	0.095  0.015
EL - V - ENGAGEMENT LABS INC	0.075	0.02	36.4	790.5	22	0.055  0.075  0.05	0.265  0.05
MYA - V - MAYA GOLD & SILVER INC.	0.2	0.015	8.1	639.3	66	0.195  0.20  0.19	0.27  0.10
CAY - V - CACHE EXPLORATION INC.	0.255	0.005	2	608.8	39	0.25  0.26  0.25	0.305  0.05
SMB - V - SIMBA ESSEL ENERGY INC	0.07	0.005	7.7	508.9	16	0.065  0.07  0.065	0.115  0.05
FT - T - FORTUNE MNRL J	0.215	0.015	7.5	619.9	69	0.21  0.215  0.195	0.335  0.095
PRK - T - POTASH RIDGE CORPORATION	0.195	0.01	5.4	548.7	104	0.19  0.195  0.18	0.38  0.175