$LAKE Deep Dip and Flip Pandemic pt.2$LAKE is finally pulling back a bit now getting towards support in a big way. Price is falling quite hard so by no means am I interested in the first approach (unless extremely strong) but, if there is a pandemic part two that shows its ugly face in the nearer future, this could go nuts again.
LAKE
$LAKE Back in Gear Following Booming EPS DataLAKE is ripping once again as the virus data picks back up. The stock broke above a key zone marked by the boundaries of a clear symmetric triangle on blow-out earnings earlier this month.
The bears worked to contain the move. But they have apparently failed at this point. On the radar.
$LAKE a Technical "Rerun" as Shares Revert to Familiar TerritoryLAKE shares have a clear history of finding a bid as disease outbreak fears rear up, with the last big spike occurring in 2014 when Ebola came back into the headlines in a scary way. Now, we see a similar dynamic.
The technicals don't make much of a case here.
BTHS (Buy the hazmat suit): LAKE at 1 PS RatioJust looking at LAKE, which makes hazmat suits. A Coronavirus stock? Not a recommendation, but on my watch list. 9x EV/EBITDA -- attractive -- and at 1 PS ratio. I wonder if it can be a hedge if this gets worse. Just a thought, nothing more, and I'm watching closely.
$AEMD Breaks Out On Coronavirus Outbreak 1.3 Mil O/S PT $10-$15The Aethlon Medical mission is to create innovative devices that address unmet medical needs in cancer, infectious disease, and other life-threatening conditions. The Aethlon ADAPT system is an expansive technology platform that converges affinity drug agents and plasma membrane technology to create therapeutic filtration devices that selectively target the removal of harmful particles from the entire circulatory system.
$AEMD's Chart shows immense potential for an epic breakout with the 52WK high being $21.50 I do believe the current momentum could push the price back up to the $10-$15 range, this current run on Corona stocks is reminiscence of the 2014 Ebola rush where certain stocks were doing 5,000% and many if not all at least did 100-300% gains.
$AEMD's O/S is around 1.3 Mil as was recorded in late last year's filings. It's float possibly around the same.
The chart shows this move could come by Friday this week if the outbreak continues to worsen at the rate it is currently at.
ASX: Lake ResourcesFactors
1. Price has broken out of the recent downtrend (03/06/19 - 02/01/20)
2. There is a bullish candlestick printed where price broke the recent downtrend (02/01/20)
3. There is a gap at 5.4c which I would be looking to target.
Possible Reasons For Failure
1. Momentum may fizzle and close the gap below
2. Low volume on the initial breakout
3. 13/48 EMA doesn't crossover
4. Not much of a base has been established