Day Traders Lighting Up Reddit Spur Rally in ZomedicaDay Traders Lighting Up Reddit Spur Rally in Tiny Health Stock Zomedica
Such outsized moves in small-caps are becoming par for the course these days.
Surging at the open on the back of mentions in Reddit forums was Zomedica Corp., a company that develops medicines for pets. The stock jumped as much as 98% on Monday and is up almost four-fold from the start or the year.
The penny stock garnered a mention in several Reddit forums over the past few days
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Healthstocks
$GRST - UPDATED ANALYSIS$GRST: AFTER A SUCCESSFUL BREAKOUT FROM THE CUP AND HANDLE FORMATION ABOVE .003/.0042, $GRST REACHED HIGHS NEARING THE PSYCHOLOGICAL LEVEL OF .01, AND LEVELED OFF TO RETEST THE UPTREND AND FOUND SOLID SUPPORT AT THE BREAKOUT LEVELS FROM THE PREVIOUS FORMATION. WE ARE NOW SWINGING BACK TO RETEST THE PENNY LEVEL, AND WHEN BROKEN THIS TIME AROUND WE SHOULD SEE A PARABOLIC MOVE TOWARDS .03, MANY NEW DEVELOPMENTS INCLUDING $GRST GOING CURRENT ON OTC MARKETS, ARIA FACILITY RECEIVING ITS LICENSE AND OPENING ITS DOORS TO PATIENTS. MUCH MORE MARKETING IS COMING FROM THE COMPANY TO PROMOTE THE FACILITY AND BEGIN GENERATING REVENUES.
Health Technology sector in the context of Covid-19With the Covid-19 situation, the health technology sector is clearly going to benefit in the short, medium and long term.
I can clearly a trend from the last 3 weeks.
Novartis: Buy opportunity with split entry.NVS was among the high cap losers yesterday on the renewed coronavirus tensions and pulled back dramatically (-6.90%). This however can be the buy opportunity of the next several months as it hit the 1D MA200 (orange line) and is approaching the Higher Low trend line of the 1W Channel Up (RSI = 45.378, MACD = 1.640, ADX = 65.865).
Even though the MACD indicated the possibility of a deeper pull to the 84.00 1W Support before a meaningful rebound, we give equal probabilities for the rebound to start within the Higher Low zone. Our Target zone is 98.00 - 100.00.
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