FOLD
No Bearish Volume WEEKLYJust to check again, after this month's CPI report, I looked at the Weekly chart & there's STILL no Bearish Volume. Whales are accumulating HODLing & REMOVING coins from exchanges. If you DCA NOW might be your chance to get your stack however you do so, whether through a shopping app, exchange or P2P. Not FA, but if you ever want a whole Bitcoin now is your chance. Should you wait for lower? Perhaps if we've blasted through 28K support below 2020 levels we may see lower. Will you DCA at 20K? 15K? Or will you flee back to the safety of dinosaur dollars?
Swing trade set up Earning 3/1This stock has a habit of surprise earnings then up and back down. Highvolitility stock up all year list as institutional holding of 110% (16% float). I believe 14.22 to 14.40 time to jump in. Yesterday around 14.39 in am. Overnight profit taking expect lower open by ~3% wait for up tick and buy. Expect to hold <30days for 6%profit. Thanks RealLifeTrading.com
TYY
FOLD Bullish SwingRetest gap yesterday. Awesome move today. Hoping FOLD will pull back a little bit more. Morning star reversal on the weekly chart. Above normal bullish volume lately as well. We are also able to get the support/resistance line in between our entry and stop. You could honestly go for a tighter stop, but I'm trying to get some more room to be wrong if needed. We have plenty of room for a 2R gain, possibly holding for the next support/resistance line around 18.04
Gold Closes Below Moving AveragesOn Friday, Gold closed below the 6, 8 and 21 day moving averages to descend into the Ichimolu cloud for the first time since the end of January. The support at 1222 held up but the buying was not strong enough to force price back above the 21 day moving average. The close below the 8 day moving average the day before generated a Sell signal in my strategy and I am now long. I will talk about targets and where this bear move might be heading later in the week.
Also note that I have written a new indicator that plots the Heikin Ashi bar color on the bottom of the chart. As you can see, there were 3 red Heikin Ashi candles to end last week. Before those 3, there was a yellow Heikin Ashi candle which I have coded to show Heikin Ashi dojis.
Looking at the weekly chart, we can see that last week broke the trend of 4 consecutive up weeks. Not only was last week a down week, the candle is an outside candle signaling that a change in direction is about to happen. It is worth noting though that while price closed well within the Ichimoku cloud, it did close above the 21 weekly period moving average and that there has not yet been a change of color on the Heikin Ashi candles. This will have to change before we can definitively say that the bull run is 'officially' over.
On the volume profile chart, you can see that price tried to move higher up the profile but then came back down and ended last week right at the long term POC. The next few days should confirm whether or not price will be moving below the POC or not.
Disclaimer: This post is for educational purposed only and does not constitute trading advice. All trades you take are at your own risk.
COVERED CALL CANDIDATES: AMRN, ARRY, FOLDAMRN at 3.33/share; sell Sept 16th 3.5 call; 2.75 db; max profit $75 (21.4% ROC).
FOLD at 7.00/share; sell Sept 16th 7 call; 6.20 debit; max profit $80 (12.9% ROC).
ARRY at 4.54/share; sell Sept 16th 5 call; 4.19 db; max profit $81 (19.3% ROC).
Notes: Preliminary/off hours. I would also note I haven't looked at these guys' pipelines (they're all biotech) or done due diligence, which is why I'm just looking at them as "candidates" at the moment.
DSKX Begins To Rally After The Conference CallShares of DSKX continues to rally from last week after they held a conference call to discuss the recently announced agreement to acquire Radiancy, Inc., a leading developer of consumer medical devices and the Neova® dermatological products.
It appears investors are beginning to notice the financial value this new deal brings and the future outlook of the company, so if you haven't already, I highly encourage you to listen to today's conference call as soon as possible. Much larger company structure overall, significant increase in revenue, assets, cash flow and working capital with a very reputable management team to move the company forward. The fact that the current market cap is only 33M is what really gets me excited. Listen to the call to learn more:
The replay of the conference call can be heard by dialing 1-888-286-8010 in the United States and Canada or +1-617-801-6888 internationally, then referencing the Conference Passcode "56187013" A recording of the call can also be heard on the company website.
In the call, the DS Healthcare Group management team shared their motivations and answered questions relating to the business fundamentals on the Radiancy & Neova® deal, explaining how natural strategy alignment and synergies will lead to significant bottom line contribution.
The call was hosted by Mark Brockelman (CFO), Manny Gonzeles (CCO) and Renee Barch-Niles (CEO) and took place on Thursday, February 25th, 2016, at 8:30 a.m. EST.
-Renee Barch-Niles (CEO), an experienced CPG Executive who drove double-digit year-over-year growth in global food, drug, mass, club and specialty channels for Global companies such as Daymon Worldwide and Emilia Personal Care.
-Mark Brockelman (CFO) who has great experience in mergers and acquisitions, systems integration expertise and highly astute financial acumen. Mr. Brockelman Brockelman served as the Chief Financial Officer for National Dentex Corporation as well as the Senior Vice President/Chief Financial and Administrative Officer of the Miami Dolphins.
-Manny Gonzalez (CCO), a former top (NASDAQ: PG) Procter & Gamble executive managing a team of 7,000 sales representatives in the U.S., who has direct access to every major retailer in the country.
Acquisition Press Release Below:
finance.yahoo.com
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