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IMV back at key technical levelIMV surged during late trading on 7/23 with post market action taking it to highs of $3 and ultimately settling back around $2.65. There are a few areas to follow that appeared on the chart after plotting some fibs and looking for s/r areas. First, the aftermarket price lines up with a very consistent level of support/resistance between last May and present day. You've also got the 200DMA, which sat around $3 on Friday and clearly was a level that put the brakes on that late session rally. Both areas will be interesting to watch at the top of the week. Further, IF it can make it through both levels , you've got the 618 & 50 fib line levels to keep an eye on. In both cases, they've aced as some s/r levels in the past few months. Fundamentally, we've also got some filings to keep in mind (pennystocks.com).
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by PennyStocks101
IPA Fibbing Right Now Needs 786 Hold?IPA is the latest retail banger this week after NURO and CEMI took center stage during the first half. I took out the fibs back to the previous lows and plotted against the ATH. Interesting levels formed which showed pivot support/resistance at the 786 fib line and the 618 maintaining a secondary level of importance. After failing to break and hold above it, longs may be looking to see this 786 fib level to hold as a new support. This move was on COVID news with "potential" in the headline. So take that FWIW. Also have the upcoming corporate call next week on the 28th. " Over the last few days alone, we’ve seen seriously bullish action in the stock market. Today former penny stock ImmunoPrecise (NASDAQ:IPA) was the latest to grab attention from retail traders. On Monday (7/19), IPA stock was traded around $5 with a volume of fewer than 60,000 shares. Fast-forward to today (7/22), and IPA stock reached highs of $16.47 before the afternoon session got into full swing, with more than 60 million shares traded...This wasn’t an outlier either. Other stocks this week like Chembio Diagnostics, Inc. (NASDAQ:CEMI) and NeuroMetrix Inc. (NASDAQ:NURO) made parabolic moves as well. CEMI stock jumped from lows of $2.20 to highs of $6.95, while NURO stock jumped from around $3 on Monday to over $40 today. " Quote Source: 7 Penny Stocks To Buy According To Analysts With Targets Up To 316%
NASDAQ:IPA
by PennyStocks101
CEMI Levels & Things To Consider NextCEMI made a heck of a run on 7/21 so I figured we should do a quick and dirty Fib Retracement. Using the most recent low as the anchor and the high from JUST before CEMI gapped down last June, the candles line up with some interesting levels. It looks like the 786 fib line has consistently held as major support before breaking down below it this last time around. One of the more consistent levels of resistance seems to have been around that 50 fib line. Whenever CEMI approached it or briefly tested it, it wasn't able to sustain price much longer if at all. Now that it has gone ap sh*t, there's a few things to keep in mind both technical and fundamental. First, technical, CEMI has broken firmly above the 50 fib so this would theoretically be a level to watch to confirm whether it becomes a new support or if it once again acts as resistance. Second, the next level, 236 fib, has only been a "major" resistance point 1 time, so whether that makes it "another level to watch" is to be seen but just in case, it could be another level to watch... Now, after this move, I'm sure everyone is hyped BUT don't forget what was filed just 2 days ago... " But…and there’s a but here…keep the company’s filings in mind. Big moves are great, but when companies raise capital, it can put a damper on things depending on the price that the money is raised at. A few days ago, the company filed for an at-the-market offering for up to $60 million. No pricing was disclosed in that 8-K filing . So no matter what analysts are saying, keep this in mind if CEMI is on your list of penny stocks to watch right now. " - Best Penny Stocks To Buy Now? Analysts See 85%-288% Upside In 3 You guessed it...an ATM offering for up to $60 mill. Aside from the technicals, it's important to keep this in mind because if there's an offering at a discount coming from this 8K, who knows what could happen in the market. But...live life one candle at a time I suppose. If CEMI is on your watch list these are all points to keep track of.
C
by PennyStocks101
CRTD Fib RetracementRight now with CRTD the 786 area has presented a relatively frequent area of "traffic" over the last few weeks. The sporadic breakouts show a clear area of resistance on the chart that it hasn't been able to break through. But the fact that it's gotten so heavily rejected puts attention at lower levels imo. Right now, CRTD pre market has show to test the 618 fib line. But after getting denied, the consolidation trend has it back below $4. With this latest bout of momentum it will be interesting to see if it comes back to test the 786 fib again or if it can regain momentum and retest 618 as resistance. "traders on social media have circulated the stock as one with higher than average short interest. Other than that, there haven’t been any news headlines or filings released in conjunction with the latest market action. Considering that the potential catalyst could be technical in nature, it’s important to understand the dynamics at play. Lower float, higher short interest stocks can be incredibly volatile. While this latest bout of action has put bulls in control, any stall in this trend could see the opposite. So if CRTD stock is on your list right now, keep this in mind." Quote Source: 4 Hot Penny Stocks To Watch After The 1,100% SGOC Stock Rally
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by PennyStocks101
MMAT Levels To Watch Right NowNot much happening with major Fib levels for MMAT however, that 200DMA seems to be acting as a potential level of support after falling below the 786 fib line. Meanwhile, there seems to be a level of resistance around $5 that has been the case several times over the last few months. The big question now is will the 200 hold this week? Also have the SC13 G from last week to keep in mind. Nova Scotia Innovation Corporation (Operating as: Innovacorp) reported a 4.399 % stake in the company. This was an amended 13G and if you look back at the one posted on 7/7, you'll see Innovacorp reported a 6.558 % stake.
M
by PennyStocks101
LQMT 618 Fib Support Or Fail?Simple chart breakdown using Fib retracement from the low last April ago shows some interesting levels for LQMT. 618 area has been a pivot over the last several months acting as support and resistance at times. The last few tests of this level didn't yield a successful breakthrough and hold but Friday's action seems to have sustained gains above the 618 Fib line. Furthermore the 50 fib has also been a higher area of traffic for the stock but only a few times has LQMT managed to hold consistently above that level. That last 8k & update from July 9th seems to have been an initial catalyst for this latest move: "Citing the company’s readiness for the next phase of its development and the ongoing restrictions on international travel, Professor Li reiterated his support for the Company and its management team. Following Professor Li’s resignation, the Board of Directors appointed Mr. Tony Chung as Interim CEO, and Mr. Isaac Bresnick as President. Mr. Chung will take responsibility for the strategic direction of the Company, while Mr. Bresnick will take responsibility for its day-to-day operations and customer service. Professor Li will stay on as the Company’s Chairman." We'll have to see if the 618 fib line once again become the pivot point it has been and if LQMT can maintain levels above it or if it once again fails to hold.
OTC:LQMT
by PennyStocks101
Woah G WOGI!WOGI hasn't attempted to test these levels since 2014! TLDR, I'm not gonna go all the way back to 2014 to DD the stock because this is just about identifying potential levels. I drew out the fib retracemtent using more recent lowest lows and the 2014 high and interestingly enough, the 786 fib line lined up with a pretty clear, recent level of resistance that WOGI juuuuuussst broke through. Meanwhile, the $0.11-$0.13 area isn't a "random" sticking point" either. Once again, go back to 2014 where WOGI broke out in a big way last and you'll see that this area was a recognizable pivot (resistance turned support turned resistance). Now, does this mean it's set to fail again? that is going to be up to the market right now. All I'm doing is pointing out particular areas where there could be some interest to watch more closely than others. since the 618 fib is still a ways away, the fact that 11-13 cents was a previous area of "traffic" is too coincidental not to monitor it now that WOGI is trading at that same level. I think volume will be an important key to dictate the next leg higher or rejection and move lower. We'll see. But again if WOGI is on your list of penny stocks to watch right now, I think these could be interesting areas to monitor. Management changes, cancellation of share issuance in April & plenty more news on WOGI here: pennystocks.com
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by PennyStocks101
CIDM Showing Signs Of LifeI drew the fib retracement starting from March 2020 lows and sure enough, it pinpointed a few key levels, the 786 fib line being one of them and CIDM is testing that as we speak. Depending on the volume and if this news event has some legs, CIDM could be one of the penny stocks to watch this week. A lot will likely come down to how it will close the day on 7/15/2021. "Only a few days ago, it announced that it was forgiven for a $2.2 million Paycheck Protection Program (PPP) loan. East-West Bank paid off not only the loan in full but the principal and interest of the PPP loan as well. This is a big deal and should reflect positively on the companies balance sheet moving forward." Quote Source: 7 Top Penny Stocks to Watch That You Probably Haven’t Heard Of Then today, the company reported preliminary fiscal Q4 results.It said consolidated revenue came in at $8.3 million, with streaming channel sales up 197% versus the prior-year quarter and 39% sequentially over last quarter, according to a regulatory filing. Streaming/digital revenue grew to 75% of group sales in the quarter versus 48% in the prior-year quarter. Also, CIDM announced a payoff of the remainder of its Prospect Digital Cinema loan in the amount of approximately $3.5 Million, effective July 9, 2021. Revenue from the sale of certain digital cinema equipment enabled the debt reduction and balance sheet improvement.
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by PennyStocks101
3
Identifying Pain Points For USEGUSEG is a relatively flat stock for the most part. It's had its share of breakouts here and there but seems to call anything under the 786 fib home. Coincidentally, over the last year, this same 786 fib level has remained a pain point on the chart where USEG might break above it for a moment but fails to hold any significant level of support after doing so. That's what happened on 7/14 once again. BUT something that can also be seen is the very slight uptrend since November. When I say "uptrend, I'm referring to higher lows versus that green trendline. Will this get retested after today (7/14) or is there hope for another rally this week? Similar short term pops have happened since last September most notably . That is when the stock popped to $18.57 then dropped like a 3 ton weight.
NASDAQ:USEG
by PennyStocks101
Any More Steam Left For XELA?XELA had a great run but is the steam running out? Lower volume day on 7/14 in tandem with the big drop. However, there are a few levels to keep track of. First, the 382 fib line. XELA was denied at this level twice this week with the second time resulting in the breakdown. BUT you've also got the 50 Fib,which has rarely acted as a major support BUT was a significant level of resistance in March and then you've got the 618 fib line, which was a much more consistent resistance level for the stock through the year. Thoughts are that volume could be important to watch as well as certain chart levels. Let's also not forget that these are some of the highest prices and volume that it's seen in some time....why keep that in mind? "On June 30, 2021, Exela Technologies, Inc., a Delaware corporation (the “Company”), issued a press release announcing the launch of an offering for the sale of shares of the Company’s common stock, par value $0.0001 per share, having an aggregate offering price of up to $150,000,000 (the “Shares”). The Shares will be sold pursuant to the at market issuance sales agreement, dated May 27, 2021 (the “Sales Agreement”), between the Company and B. Riley Securities, Inc. and Cantor Fitzgerald & Co. (each, an “Agent” and, together, the “Agents”). A copy of the press release is attached as Exhibit 99.1 to this Current Report on Form 8-K." (app.quotemedia.com) No further updates on that topic have come up but something to keep in mind if you're watching XELA. On July 12th, Exela announced that it has expanded its robotic process automation offerings with intelligent document processing. The President of Exela, Suresh Yannamani said, “Exela continues to iterate and advance solutions to meet our customers’ changing needs. The latest IDP and EON combination embraces the evolving work from anywhere environment that customers and their employees are embracing.” Quote Source: Popular Reddit Penny Stocks to Buy? 4 to Watch As Summer Continues
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by PennyStocks101
1
CLVS 786 Fib Line Holding (For Now)Took the chart back out to March of last year to do a little fib retracement. Wouldn't you know, CLVS has been channel bound for a minute between the 618 and 786 fib lines with pretty clear support and resistance levels at each. Since it retraced back to the 786 again and is holding (for now), volume is likely going to be the "friend" or "foe" depending on how you're looking to trade this stock. You've also got the 50DMA to keep track of, which has also been a decent level of resistance over the past week or so. Fundamentally, I'm looking to see if speculation starts building later down the line after they announced that they initiated sponsored clinical development of FAP-2286 with the Phase 1/2 LuMIERE clinical trial in patients with FAP-positive solid tumors which is now enrolling. Either way, cancer stocks seem to be picking up some steam . Whether it's targeted treatments or drug delivery technology, oncology is beginning to take its own slice of biotech lately.
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by PennyStocks101
TSLA 1 Year Fib Retracement Levels In TactThe 1-year breakdown on the TSLA chart shows that the Fib levels remain consistent for the most part. This current level around the 382 fib line has been a decent support shelf over the last 12 months. It tested the 50 Fib a few weeks ago, which held as the retracement ended up bouncing back to where it's at right now. I'd like to see more volume, though. But something tells me that without an industry catalyst, it might tread water here for a minute. More importantly, we'll get to see what Q2 performance figures look like next week. Tesla just announced: "Tesla will post its financial results for the second quarter of 2021 after market close on Monday, July 26, 2021. At that time, Tesla will issue a brief advisory containing a link to the Q2 2021 update, which will be available on Tesla’s Investor Relations website. Tesla management will hold a live question and answer webcast that day at 2:30 p.m. Pacific Time (5:30 p.m. Eastern Time) to discuss the Company’s financial and business results and outlook." Depending on the outcome, it could be something to keep track of for the broader EV space including some of those "lovely" EV penny stocks .
NASDAQ:TSLA
by PennyStocks101
DPLS Playing out vs FibsDPLS has played out almost perfectly against the Fibonacci retracement so far. Considering that it was denied around $0.20, retraced the move back to the 786 fib line, which is also around 10/11 cents or about 0.005 shy of where DPLS got denied during the June rally is interesting. If you look at levels, around 4/5 cents in February was a resistance that couldn't be broken through until June. Then after DPLS was denied at nearly 10 cents, where did it pull back to and hold above? The 5 cent area. The volume will be something to pay attention to if DPLS is still on your watch list following the denial at the 618 fib and retracement back to the 786 in my opinion. Now the focus is where does DPLS find its new range? Based on the historical chart, which so far has come through, 13-15 cents was a previous area of traffic the last time DPLS was trading consistently above 10 cents. Will that become the interim pivot point in this latest move? "Systems can quantify strains and stresses, adding to the safety profile of common industrial components. This includes monitoring structures such as pipelines, perimeters, aircraft components, and mining safety among others. Recently, the company announced the planned acquisition of TerraData Unmanned, PLC. This is a drone company that offers underwater inspection, 3D modeled mapping, and a variety of other services. 'As DarkPulse continues to build best in class technology service offerings to the critical infrastructure/key resources market we look for teams such as TerraData to bring experienced personnel and leading-edge equipment allowing the Company to operate AI-assisted inspection services in all mediums including land, sea, and air. TerraData’s ability to work in difficult marine environments with accuracy, efficiency, and expert results while eliminating risk to humans is a game-changer.' - DarkPulse CEO, Dennis O’Leary" We'll have to see what happens next based on company news and technicals Quote Source: 7 Top Penny Stocks to Watch That You Probably Haven’t Heard Of
OTC:DPLS
by PennyStocks101
Simple Support/Resistance Levels ADOMADOM has been a fun stock to watch. It finally tested its lower support level a few weeks ago. Now it's approaching another pivot point on the chart that has been support and resistance. It will be interesting to see if we get another boost to EV stocks again before the end of the month. "On July 7th, Envirotech received a $400,000 purchase order from Joseph Holdings for five vehicles. CEO Phillip Oldridge said, 'This order is a promising start to our FAR relationship with Joseph Holdings and we’re pleased to have this opportunity to begin providing our innovative, high-quality, conventional and special purposed electric vehicles to the Caribbean market.' The past one-month of momentum with ADOM stock has been high to say the least. On June 10th, ADOM’s stock price was at $0.25 per share on average. Now on July 9th, the company’s stock price is over $0.38 per share. ADOM’s volume is also much higher than its market average right now. There are a few possible explanations for this. The market for electric vehicles is rapidly growing at the moment. We’ve all seen how companies like Tesla Inc. ( TSLA ) have gone up significantly in the past year or so. This momentum affects smaller EV companies like Envirotech as well. Whether this makes ADOM a part of your watchlist right now, is up to you." Quote Source: 7 Industry Leading Penny Stocks To Watch in July 2021
A
by PennyStocks101
DPLS Overextension or next leg?It's been a LONG time since DPLS traded at these levels. Had to take the chart back out to 2018 to draw out these fib lines and wouldn't you know it, the 618 is a major level to keep watch of. Both May '18 and Sept. '18 the DPLS rallies were denied at or near this level. It managed to hold as support during the summer months. But again unable to sustain those levels. Now that DPLS is approaching this level again, it could be important to keep the 618 fib in mind. There haven't been any significant pullbacks on the chart so this could be a major over extension and big risk factor to also throw in the mix. Like most charts like this, volume is going to be the guide for what could come. Though it was higher on Friday compared to Thursday, both day's levels were much lower than the recent average daily volumes. “'As DarkPulse continues to build best in class technology service offerings to the critical infrastructure/key resources market we look for teams such as TerraData to bring experienced personnel and leading-edge equipment allowing the Company to operate AI-assisted inspection services in all mediums including land, sea, and air. TerraData’s ability to work in difficult marine environments with accuracy, efficiency, and expert results while eliminating risk to humans is a game-changer,' said DarkPulse CEO, Dennis O’Leary. This is big news for the company and is more than likely the cause of the almost 100% gain witnessed with DPLS stock in the past five days. With this in mind, is DPLS worth keeping an eye on in July 2021?" Quote Source: 7 Top Penny Stocks to Watch That You Probably Haven’t Heard Of
OTC:DPLS
by PennyStocks101
BYFC in a familiar place right nowBYFC has been doing well, obviously, there's no denying that. However, it has approached another key level that is clearly seen on this chart. The 618 fib has been a constant level of resistance ever time BYFC climbs this high, over the last year. So this week, volume is likely going to be the potential driver of direction. Will it finally leave the 618 fib in the dust or is history about to repeat itself again? "In the past five days, shares of BYFC stock have shot up by over 12%. In the past six months, shares have shot up by a solid 53% or so. The main reason behind this solid gain is the overall housing market continuing to rise in value during this time. And as a company that is heavily correlated to the real estate market, BYFC is worth watching if the price of homes continues to rise. So, considering all of this, will BYFC stock be on your watchlist moving forward?" Quote Source: 7 Top Penny Stocks to Watch That You Probably Haven’t Heard Of
NASDAQ:BYFC
by PennyStocks101
Possible Long Position ODM!!ASX:ODM SELF DEVELOPMENT/METHODOLOGY/PSYCHOLOGY SMP Strategy Market Direction: Long Position Chart time frame - Daily Timeframe - 30 days A – Activating Event Market will meet support in zone @ current levels - ... . In order to enter into this trade, the pair MUST be in line with my Entry Procedure.... B – Beliefs Market will move towards the first Target 1 level @ 0.048 C - Fundamentals that may affect the pair N/A D - Trade Management Entered @ ..... Stop Loss @ ..... Trailing Stop Loss@..... Target 1 @ 0.048 Target 2 @ .... Risk/Reward @ 1.4.5 Happy trading :) Follow your Trading plan, Remain disciplined and Keep learning !! Please Follow, Like,Comment & Follow :) This information is not a recommendation to buy or sell. It is to be used for educational purposes only!
OLong
by SMPTrader
DMG Blockchain SolutionsTo be honest, I have not traded stocks for a long time. I started my trading journey in stocks and quickly moved into US Penny stocks. It was similar to the crypto landscape we see today. DMG Blockchain Solutions Inc. DMG Blockchain Solutions Inc. operates as a blockchain and cryptocurrency company. It operates through data centre operations, data analytics and forensics, and developing enterprise Blockchains divisions. The company manages, operates, and develops digital solutions to monetize the blockchain ecosystem. It is also involved in developing enterprise blockchains; and providing hosting services for industrial mining clients. The company also provides technical expertise software products, such as blockseer pool, mine manager software, and walletscore, as well as consultation services to accounting firms, law firms, and law enforcement organizations. The company was incorporated in 2011 and is headquartered in Grand Forks, Canada. Sector(s): Technology Industry: Software—Application DMG Blockchain Solutions Announces Strategic Investment in Crypto Custodian Brane Capital - some of the latest news. "DMG’s strategic investment in Brane will accelerate the market traction of both companies and facilitate cooperation on development of advanced blockchain technologies, as well as continued progress toward leadership in environmental sustainability. The relationship between the companies will not affect Brane’s independence as a custodian, which Brane maintains through strict separation from any cryptocurrency trading operations. Brane currently offers a crypto asset self-custody technology solution for IIROC-regulated securities dealers and is working toward becoming Canada’s first qualified custodian for digital assets. Brane’s leadership team includes experienced executives from finance, technology, and government, including former Bank of New York Mellon Canada CEO Jerome Dwight as President, and Charlie Millar, former Vice President of Content Acquisition at Rogers Communications, as Chief Revenue Officer." This fits nicely with the weekly stochastic situation; An interesting stock to keep an eye on, over the next couple of weeks. Disclaimer This idea does not constitute as financial advice. It is for educational purposes only, our principle trader has over 20 years’ experience in stocks, ETF’s, and Forex. Hence each trade setup might have different hold times, entry or exit conditions, and will vary from the post/idea shared here. You can use the information from this post to make your own trading plan for the instrument discussed. Trading carries a risk; a high percentage of retail traders lose money. Please keep this in mind when entering any trade. Stay safe.
TSXV:DMGI
by Mayfair_Ventures
2