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UEC an energy penny stock pops out of ascending channel LONGUEC is a uranium company somewhat independent of the oil, solar and lithium stocks that dominate the energy sector. Nuclear is touted as green and not contributory to climate change with no carbon impact. It pollution or radioactivity is self-contained and isolated with heavy regulatory safeguards All that said, a few days ago analysts at Eight Capital raised the status of UEC to "strong buy" with a price target of $13 or about 75% above current valuation. Such a high upside is uncommon in the energy sector. The 4H chart shows price broke out from an ascending channel of several months duration with a corresponding relative volume of 4x the running mean. The price action is that of a high tight flag patter n invoking the moderately strong probability of more bullish momentum after a consolidation is completed. I see this as a great long swing trade with earnings coming in two months or call options OTM targeting a strike price of $10 for the mid-March expiration. Given the stock price at present such call options would have about $40 premium per contract. Lastly, the ETFs URA and URNM appear to track the price action of UEC fairly well. If a trader prefers diversification or risk moderation of ETFs these two are reasonable alternatives. Uranium trades do not have geopolitical risk to consider as much as oil and gas yet another reason to give this a further look. .
AMEX:UEC
by AwesomeAvani
1
NBY effective against Monkeypox ! 20X Upside Analyst Rating!!!NovaBay Pharmaceuticals, Inc. (NBY) owns Avenova, which is EPA listed as an effective disinfectant for monkeypox. On 5/20/2022 Ascendiant Capital Markets brokerage set a price target of $4.00 for NovaBay Pharmaceuticals, Inc. (NBY). The stock is now only 0.20usd. Before the pandemic news, on their last earnings, they mentioned that Avenova Spray unit sales increased 15% with record-high units sold through the OTC channel. NovaBay CEO: "we expect the majority of 2022 topline growth to come in the second half of this year." The stock had only insider buys recently, the average being $0.45. Only 10.976Mil MARKET CAP The falling wedge in the chart is a bullish sign. I think we can expect at least a reversal to the $0.64 resistance. Looking forward to read your opinion about it.
AMEX:NBYLong
by TopgOptions
Filling The Gap GOEDFinally back in the gap on GOED with strong volume to start the week. New coverage from ThinkEquity puts a Buy and $12 target on the stock. I think now it comes down to continuation and follow-through. Secular trends will likely start playing a bigger role if or when it breaks back through this gap. "Q2 has been a strong quarter for 1847 Goedeker. Since May, GOED has seen record growth in its revenue. Up over 41%, it has increased written orders by over $28 million which is no small feat. It is currently one of the leaders in the online retail industry for online household appliances. With acquisitions underway as well as a plan to implement new shipping strategies, Goedeker is an exciting penny stock to watch." Quote Source: 7 Top Penny Stocks to Watch Right Now With Big News
G
by PennyStocks101
S&P 500 - 2021 full analysisHello Traders and Analysts, A Note before reading - this is a forecast analysis - based upon our trading strategy. Please do not take this as face value. Based on what merit? Good question, based on the fact - from a technical standpoint - the sell off back in February, March 2020 - reversed on a fractal point within the market structure. Where price had a low of 2182, this significant point to me, showed the imbalance between the previous Fibonacci extension points 1.786, 1.618. This was essentially fulfilling the swing high and creating a swing low. Refer back to 2007-08 on the chart to see the imbalances - where; the blue Ellipse - shows the 2008 rally distribution beginning to take effect. The Red Ellipse - shows the pivotal 1.7186, 1.618 full retracement zones - where the "china trade war" and "coronavirus" fundamentals took place for the index to fall back in line. . Here is our representation of the SPX500 - using a daily chart - . Rolling returns - historical data . Using the base model of 3 year rolling returns, the simplified explanation of the model shows a 41/50 years have returned a positive growth. As opposed to 6 years of negative returns. With 2020 closing out 16.26% return . *Note - the 6 years where the rolling return is negative - the dot com bubble only stood to lose 6.2%* Est Why the previous Extension zones fell in line with inefficiency 1 . - we can see here that the price reversed directly between the previous extension zone to create a new inflow first touch to close out the imbalance between the buyers and sellers. Shorts were closed and further longs were taken to bolster investments or if investing in a long term portfolio, a further contribution added upon the compounding value. Four sectors returned a higher value than the S&P500 close in 2020 adding optimism within adding inflows into the market to 2021 - beyond. With all other major indexes and rapid new industries taking off - what we will be able to see? outperforming in 2020: Tech, consumer discretionary, telecommunications material sectors SPX500 & VIX The below chart shows the important of 28-18 being the volatility range we will be expecting throughout the fiscal year. maintaining below 35 max positional moves will show correctional patterns of distribution flows in the smaller timeframes where price engineering will take place to allow discounted prices to occur. This will tend to steady the recovery but also give the rally base rally move a chance to breathe. The FED injecting 22% of all USD in circulation within one year. A Staggering amount of est $9T USD was injected to save the US from collapse, despite its ever mounting debt of as it stands 11.01.2021 $27.775T USD www.usdebtclock.org The question remains as the USD loses value - in order to promote cheaper investment and more prospects for cheaper imports - the country will have a real issue with the constant cycle of financing debt upon debit. With the Global fiscal policy to remain between 1.5-2% - this should keep the FED side lined for a few years monitoring the US and world economy. What we would expect to see will be the growth of EM and commodity based countries in terms of FX to continue the growth against the USD. Why follow us? Updates on our pairs as and when we can. Swing trade out looks 10 years combined experience in capital markets simple breakdowns for beginners through to advanced . KISS - keep it simple stupid. Pure imbalance trades - with further explanations on the graphs to understand. If you like our work, please leave a like or comment. If you feel our work is exceptional and would like to donate coins, this is highly appreciated. Regardless we will continue producing analysis as and when. Many thanks, Team LVPA. Risk disclaimer: All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, or individual’s trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an evaluation of their financial circumstances, investment objectives, risk tolerance, and liquidity needs. Any opinions, news, research, analyses, prices, or other information offered by Lupa Capital is provided as general market commentary, and does not constitute investment advice. LCP LTD will not accept liability for any loss or damage, including without limitation any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
OANDA:SPX500USDLong
by LupaCapital
3
High Traffic Pivots on CASI ChartCASI saw a nice bump in after-hours trading Friday. Shares hit $1.88. Can the Oppenheimer analyst rating be enough of a catalyst to carry through this momentum into the week ahead is the biggest question. Great volume on Friday but is it all for nothing? "What had sparked some excitement came in light of new analyst activity. Oppenheimer analyst Leland Gershell initiated coverage on CASI. The analyst gave it an Outperform rating and announced a price target of $5. That represents a 182% premium to Friday’s closing price for CASI stock." Original Quote Source: 5 Biotech Penny Stocks To Watch With Recent & Upcoming Events
NASDAQ:CASI
by PennyStocks101
GE breakout of descending triangle or rebound from double bottomAlthough the descending triangle is technically a bearish pattern, the price movement seen here can also be considered a double-bottom. In that case, the price should rise upward and possibly create a channel. RSI and MACD are not giving any clear signals. Recent analysts' recommendations all say that GE is a buy at this point. Overall, I would say that this idea has a 50-50 chance of working. However, the risk to reward ratio is ~4.5 and possible gains of 24% which is pretty good. I'm gonna enter in long and see how it goes
NYSE:GELong
by QuantumMaster
2
Spotify currently in a channelSpotify has been in a channel for what looks like over a year. There are two lines of support and it has recently bounced off both of them. I expect it to rise slowly up past EMA-50 and hopefully reach the top of the channel. RSI is not too high, and MACD is giving a buy signal. Despite recent COVID-19 concerns, Spotify should be financially ok since they are on online service and, more importantly, people will likely be using it a lot more since everyone is at home. EPS is also coming up in May, and I fell confident that it'll be either met or beat. Most of the analyst recommendations that I found on Marketwatch also agree to either buy or hold SPOT.
NYSE:SPOTLong
by QuantumMaster
$SQ Breaking Higher$SQ is finally breaking out to the upside after getting bullish comments from analysts. Square (NYSE:SQ) Cash app users would be willing to pay more than the current 1.5% fee to instantly transfer funds to a bank account, writes Macquarie analyst Dan Dolev. The average price users were willing to pay was 2.3%, according to a recent customer survey by Dolev. He estimates that raising the instant-deposit fee by 50 basis points "could result in $250M-$300M, or ~10% additional sales growth in 2021 versus consensus estimates." He rates Square at Outperform with a $105 price target. Square (NYSE:SQ) rises after Credit Suisse initiates coverage with an Outperform rating. Sets price target of $84; implies 21% upside potential vs. $69.29 close on Thursday. Bernstein analyst Harshita Rawat notes that payment processing themes to watch this year include new revenue streams, M&A, further digitization of cash, growing alliances with FAANGs, and fintechs entering China. Sees upside for Square (SQ +0.5%) near-term as "market gets comfortable with 'underlying' margins pre-preinvestments and GPV improvements in '21"; keeps Market Perform rating. Stephens analyst Brett Huff upgrades Square (SQ +0.8%) to a Overweight from Equalweight after the mobile payment company changed its pricing to a "better setup." He sees the price increase on merchant deposits adding to transaction net revenue and may result in lower churn benefits. Square, Inc. provides payment and point-of-sale solutions in the United States and internationally. The company's commerce ecosystem includes point-of-sale software and hardware that offers sellers to payment and point-of-sale solutions. It provides hardware products, including Magstripe reader, which enables swiped transactions of magnetic stripe cards; Contactless and chip reader that accepts Europay, MasterCard, and Visa (EMV) chip cards and Near Field Communication payments; Square Stand, which enables an iPad to be used as a payment terminal or full point of sale solution; Square Register that combines its hardware, point-of-sale software, and payments technology; Square Terminal, a portable payments device that replaces keypad terminals, which accepts various payment types, such as tap, dip, and swipe, as well as prints receipts; and managed payments solutions. The company also offers various software products, including Square Point of Sale, Square Appointments, Square for Retail, Square for Restaurants, Square Invoices, Virtual Terminal, Weebly, Square Dashboard, Square Loyalty and Marketing, and Square Payroll. In addition, it provides Cash App, which enables individuals to electronically send, store, and spend money; Caviar, a food ordering platform for restaurants to offer food ordering, pickup, delivery, and catering to their customers; and Square Capital that facilitates loans to sellers based on current payment and point-of-sale data. Square, Inc. was founded in 2009 and is headquartered in San Francisco, California. As always, trade with caution and use protective stops. Good luck to all!
NYSE:SQLong
by InsiderFinancial
Beyond Meat finally looks attractiveWith Beyond Meat finally having returned to its IPO-day price range, the stock finally looks fairly valued. BYND may stay here for now, but if its earnings outlook improves then it could once again explode higher. I think this stock has a lot of upside potential in the next two years, with analysts currently forecasting huge earnings growth. The current analyst summary score is pretty bad, at 1.1/10. However, it has a "buy" rating from Zacks, which is one of the most accurate analyst firms, and a low summary score means there's a lot of opportunity for upgrades to move the stock price. I also see a fair amount of bullish divergence on the chart.
NASDAQ:BYNDLong
by ChristopherCarrollSmith
4
Software stocks a haven from the coming tech earnings recessionSoftware stocks are fairly cheap right now, both when you look at them in isolation and when you chart them relative to the S&P 500. On that chart, they're close to their lowest level since March: This is a nice opportunity to enter, especially since software stocks consistently beat the S&P 500 in the long term: Software stocks are especially attractive right now as a defensive investment amidst what Barron's is calling an "earnings recession." Analysts surveyed by FactSet revealed that this quarter's earnings are expected to be bad, with technology stocks especially hard hit. The two bright spots in the tech sector, however, are software and IT services. That suggests that software stocks could substantially outperform the NASDAQ in October.
PLong
by ChristopherCarrollSmith
BITCOIN Next Prediction on Entry Price (100% accuracy so far)My Next Target: $9232 Bitcoin Analysis: Elliot wave (4) is placed lower and lower so we should expect wave (5) to be closer before the correction wave begin. The newer trendlines( Blue) found itself an interception point which is $9232. I could have mentioned about my previous target prices which are $9843 and $9570 but they are achieved and I always update myself to the latest condition without any bias and stay neutral. The RSI will be performing M shape( UP) but the momentum of the volume is low which made it hard to break $11500. MACD red line will cross above blue line and this is an extra sign of disaster we might see. I would like you to pay attention to wave(5) because it will most likely fail to break through the triangle of the strong blue trendlines. In conclusion, I am confident to say Bitcoin will go lower to my next target $9232 but I am always flexible and I will be updating my analysis to hunt the movement. Reminder: Emotional control is important but flexibility to overcome the new movements is the best strength a trader should have so happy trading and have a nice day.
Short
by fakerhi
COTD - 23/04 USDMXNToday we are revisiting the USDMXN Daily chart, in a previous COTD back in February we looked at the Daily price action and what was a potential shorter-term set up (take a look here. The Shorter-term set-up didn't pan out on the back of a weaker dollar and more exotic shift on the back of this. But as the Dollar films a little bit we are going to revisit as the longer-term set up still stands. Taking a look at the chart we can see the price is still very much contained between the two trendlines, the one we are more focused on currently is supporting bullish trendline. As we can see currently, the price is sitting on top of this particular trend line and it looks like we finding some support here, especially as the Dollar Index ticks higher. Something else of note is the Analyst forecasts for the USDMXN rate throughout 2019. With on average, Analysts forecasting the USDMXN to end the second quarter of 2019 at $19.24 and then on to $19.47 at the end of the third quarter. FX:USDMXN
Long
by Alex_GoMarkets