#SNDL - Fun has finished for bears. H4 showing reversal signsLong story short: H4 chart is shwing a H&S reversal pattern which will be confirmed in the next hourly sessions, by breaking the neckline at .795$. In my opinion there are good chances to see a runaway gap above this level tomorrow FRI 20th.
Target for this technical pattern is 0.92$, while 0.85$ is the target for the green channel that you can also see in the chart.
Longer term, next target will be 1.4$, which is the falling wedge target in red. After that level is reached.... only highways..
Good luck!
-- THIS IS NOT A FINANCIAL ADVICE --
Pennystocks
MEDTECS SGX BUY/LONG 1.15 to 2.65 by end 2021TICKER CODE: 546
Company Name: Medtecs International Corporation Limited
Industry: Medical Instruments & Supplies | Singapore
Technical Analysis
1. Large Pennant Pattern Broke out and retested already
2. Fibonacci Retracement at 0.618
3. Fibonacci Expansion Safe Take Profit Level 1 (Grey Zone) Also the length of Flagpole
Entry: Already Active (0.90-1.15)
1st Partial Take Profit: 2.65 (May consider full exit here)
2nd Take Profit: 3.80 (The market may not reach here as there is not enough historical data to project)
EXPECTED Take Profit in September - December 2021
Stock pick sharing: Peak Fintech GroupCompany Name: Peak Fintech Group Inc.
Stock ticker: PKK (CSE) / PKKFF (OTC) *** Plans to change ticker to TNT after NASDAQ uplisting
Sector: Technology
Industry: Information Technology Services
General Business:
- Parent company headquartered in Canada, has a group of subsidiaries operating in China's commercial lending industry.
- SME's in China contribute a large to the GDP, and yet also face difficulties in getting loans to facilitate their business operations.
- Peak Fintech Group uses tech, analytics and AI to create an ecosystem of lenders, borrowers and other market participants in China's commercial lending space.
Current milestones (some major ones):
- Has deals with subsidiaries of large Chinese conglomerates and online marketplaces to provide their Cubeler Lending Hub services
- Implementation of digital currency (China is pushing strongly on this front)
- Agreement with China UnionPay subsidiary to implement payment processing and fund transfer services (could be equivalent to Paypal partnering with Amazon in the U.S.)
- Fund transfers from China to Canada already tested and successful
- Partnership with China's top e-commerce software provider, ShopEx - provides access to shops operating on 28 online marketplaces and social media platforms
- Has applied for NASDAQ uplisting which would likely happen soon (estimating within 1 month from post if no further delays)
- Revenue for FY20 has beat guidance (Estimated $40mil but achieved $42.7mil).
- Hired MZ Group to lead strategic investor relations and shareholder communication program (increase awareness and interest of this company leading up to the uplisting)
Potential in future:
- Fintech is one of the hottest sectors in the market, stock price could follow the demand on NASDAQ.
- Investors who missed on Ant IPO will want to find an alternative to invest in fintech. The company has already been approached by a Chinese fintech firm for possible merger.
- Estimated 2021 revenues will likely more than double from 2020 (stated by management), and 2021 will be the first year of profitability.
- Plans to expand into technology hub cities like Guangzhou, into Canada by end 2021, and into U.S. shortly after.
- Plans to commercialize the accumulated data (new and significant stream of revenue for the company - data is extremely valuable! )
- Huge demand of public offering which led to being oversubscribed.
- 3 -year revenue guidance would likely be coming shortly from date of this post.
DISCLAIMER: I am not a financial advisor and this is just my personal sharing. The content is not exhaustive so please do your own research.
BNGO BUY/LONG 4.40 to 19.50 by end 2021 TICKER CODE: BNGO
Company Name: Bionano Genomics, Inc.
Industry: Healthcare | Biotechnology | USA
Position Proposed: BUY
Technical Analysis
1. Falling Wedge / Pennant (Forming)
2. Fibonacci Retracement at 0.786 ( Silver Zone)
3. RSI Reached OVERSOLD
4. 1st Take Profit will be at Fibonacci Expansion Safe Take Profit and Flagpole Length
Entry: NOW READY (4.40)
1st Partial Take Profit: 19.50 (August-November 2021)
2nd Take Profit: 29.00 (Mid 2022)
SNMP BUY/LONG NOW READY 0.55 to 2.95 by end 2021TICKER CODE: SNMP
Company Name: Evolve Transition Infrastructure LP
Industry: Energy | Oil & Gas Midstream | USA
Position Proposed: BUY
Technical Analysis
1. Large Inverted Head & Shoulders (Forming)
2. Falling Wedge / Pennant (Forming)
3. Fibonacci Retracement at 0.786 ( Silver Zone)
4. 1st Take Profit will be at Fibonacci Expansion Safe Take Profit and Flagpole Length
5. 2nd Take Profit would be somewhere near Key Structure Level (Very likely for price rejection/Pullback)
6. 3rd Take Profit at Inverted Head & Shoulders Breakout Take Profit Price Range of Head
Entry: NOW READY (0.55-0.65)
1st Partial Take Profit: 2.14 (July-October 2021)
2nd Partial Take Profit: 2.95 (End 2021)
3rd Take Profi: 3.75 (Mid 2022)
GEVO BUY/LONG 5.00 - 19.30 By Feb 2022TICKER CODE: GEVO
Company Name: Gevo, Inc.
Industry: Basic Materials | Specialty Chemicals | USA
Position Proposed: BUY
Technical Analysis
1. Large Inverted Head & Shoulders (Forming)
2. Fibonacci Retracement at 0.786 (Silver Zone)
3. Falling Wedge / Pennant (Forming)
4. 1st Take Profit will be at Fibonacci Expansion Safe Take Profit and Flagpole Length
Entry: NOW READY (5.00-6.20) - Could drop to lower to 3.00
1st Partial Take Profit: 19.30 (October 2021 - February 2022)
2nd Take Profit: 28.20 (End 2022)
NMTR BUY/LONG 0.80 to 2.65 by end 2021!TICKER CODE: NMTR
Company Name: 9 Meters Biopharma, Inc.
Industry: Healthcare | Biotechnology | USA
Position Proposed: BUY
Technical Analysis
1. Large Inverted Head & Shoulders (Forming)
2. Fibonacci Retracement at 0.786 ( Silver Zone)
3. Falling Wedge / Pennant (Forming)
4. 1st Take Profit will be at Fibonacci Expansion Safe Take Profit and Flagpole Length
Entry: NOW READY (0.80-1.30)
1st Partial Take Profit: 2.65 (August-November 2021)
2nd Take Profit: 3.85 (Mid 2022)
XSPA BUY/LONG 1.00 to Potentially 9.00! TICKER CODE: XSPA
Company Name: XpresSpa Group, Inc.
Industry: Consumer Cyclical | Personal Services | USA
Position Proposed: BUY
Technical Analysis
1. Large Inverted Head & Shoulders (Forming)
2. Fibonacci Retracement at 0.786 (Silver Zone)
3. Falling Wedge Completed
4. 1st Take Profit will be at Fibonacci Expansion Safe Take Profit, Flagpole Length and also Inverted H&S Take Profit Price Range
Entry: NOW READY (1.00-2.00)
1st Partial Take Profit: 9.00 (July - September 2021)
SNDL BUY/LONG NOW READY! (LAST CALL FOR ENTRY) 0.7-3.00TICKER CODE: SNDL
Company Name: Sundial Growers Inc.
Industry: Healthcare | Drug Manufacturers - Specialty & Generic | Canada
Position Proposed: BUY
Technical Analysis
1. Large Head & Shoulders
2. Fibonacci Retracement at 0.786 (Silver Zone)
3. Falling Wedge Completed
4. 1st Take Profit will hit the key Impulse of the massive sell
Entry: Now Ready (0.65-0.7)
1st Partial Take Profit: 3.00
2nd Take Profit: 4.10
Expected Take Profit in July - December 2021
#SNDL - 4H chart showing a critical reaction pointH4 charts shows how three main trendlines meet at 0.7$ point, exactly where the price is bouncing now.
The purple line, the black line and the green line all meet at this point.
I would not be surprised to see a reaction tomorrow from these current levels, and a second/third and fourth week of May definitely bullish, in my personal opinion!
#SNDL - Falling Wedge in H1 broken with volume! #SNDL is in my opinion very close to reverse the downtrend. Possible rebounce area at 0.7$, if not happening before. The one hour chart is showing a falling wedge being broken - with volumes - on April 27th and the price is now retracing looking for a pullback.
Very interesting to see how this bullish wedge pattern is also supported by an RSI divergence: so, basically, the RSI shows higher lows, while the prices are showing lower lows. This is pretty indicative of the fact that sellers are loosing momentum. The target of the falling wedge stands at 1.35$, but I am pretty convinced that once we reach the 1.3$ again, we'll not be seeing the bottom under 1$ anymore.
KPAY is a penny stock on the OTC... It is just starting!!!News today:
finance.yahoo.com
Great come back on the news!
Chart:
20-150% Profits Possible on SEEL Therapeutics My favorite new indie stock, Seelos Therapeutics, was recently upgraded from a price target of $4.70 to a whopping $15.
For this to happen, it may have to beat some bears (in SPY) and sharks (in short interest).
Short interest in the stock is down, with most shares not available to short. This is positive and bullish for shorter term.
The stock market looks to continue its rally, with minor downs, as usual, until further notice.
Biden's Infrastructure Plan may continue to stimulate the market to amazing new highs.
I may invest in this on Monday. I really need to make some $$ for food, rent, and my beloved kitten.
If it follows DLPN (Dolphin Entertainment), it may even beat its updated price target! DLPN was a rocket ship this year! Everyone go out and see some seals!
News had it that the Great White Sharks of Cape Town have disappeared this year!
Enough synchronicities, this is an ethical company that works on healing chronic diseases.
Resources:
stockinvest.us
stocktwits.com
finance.yahoo.com
www.nasdaq.com
seekingalpha.com
investorshub.advfn.com
seelostherapeutics.com
#mayweallgetrichtogether
$HBM can rise in the next daysContextual immersion trading strategy idea.
Hudbay Minerals Inc., a diversified mining company, together with its subsidiaries, focuses on the discovery, production, and marketing of base and precious metals in North and South America.
The demand for shares of the company still looks higher than the supply.
This and other conditions can cause a rise in the share price in the next days.
So I opened a long position from $8.12;
stop-loss — $7.48.
Information about take-profits will be later.
Do not view this idea as a recommendation for trading or investing. It is published only to introduce my own vision.
Always do your own analysis before making deals. When you use any materials, do not rely on blind trust.
You should remember that isolated deals do not give systematic profit, so trade/invest using a developed strategy.
If you like my content, you can subscribe to the news and receive my fresh ideas.
Thanks for being with me!
NAKD BUY/LONG 0.53 to potentially 5.34! (Safe exit 3.40TICKER CODE: NAKD
Company Name: Naked Brand Group Limited
Industry: Cyclical | Apparel Manufacturing | New Zealand
Technical Analysis
1. Large Pennant / Falling Wedge Pattern Brokeout and Retraced already
2. Large Head & Shoulders
3. Fibonacci Retracement at 0.786 ( Silver Zone)
4. Fibonacci Expansion Safe Take Profit Level 1 (Grey Zone) Also the length of Flagpole
Entry: Now Ready - 0.53 (Last Call - Very likely to go up from this point)
1st Partial Take Profit: 3.40
2nd Take Profit: 5.34 (Can consider to full take profit here)
EXPECTED Take Profit in June - September
#SNDL - Rounding bottom and huge H&S in Weekly TFAfter sharing my vision of SNDL in the short term, through an analysis of H1 chart, I would like to share my long term vision, using a weekly chart.
After IPO in Aug 2019 (13$) there's been a lot of diluition of shares which brought the prices down to 0.2$. During this huge drop, the prices reacted on Jan 2020, reaching 3.9$ and creating the left shoulder. After that prices dropped again reaching the bottom and they reacted again in Feb 2021, re-testing again the neckline that was created one year before.
In my opinion the price is now forming the right shoulder before attacking again the neckline for the third time, completing the H&S formation. This might take 1-2 years the latest - in my opinion - and once prices are there we could see a strong brekut of the neckline pushing the prices up to the 0.382 Fibo level and 0.5 Fibo Level a 6.69$.
Moreover, from the chart is pretty visible how the price is forming a reversal bottom which gives us a strong indication that buyers want to take this out from this stagnant price levels.
So this title will not payback immediately and we need to patient.
$RHE can rise in the next daysContextual immersion trading strategy idea.
Regional Health Properties, Inc., through its subsidiaries, operates as a self-managed real estate investment company that invests primarily in real estate purposed for long-term care and senior living.
The demand for shares of the company still looks higher than the supply.
This and other conditions can cause a rise in the share price in the next days.
So I opened a long position again from $7.22;
stop-loss — $4.86.
Information about take-profits will be later.
Do not view this idea as a recommendation for trading or investing. It is published only to introduce my own vision.
Always do your own analysis before making deals. When you use any materials, do not rely on blind trust.
You should remember that isolated deals do not give systematic profit, so trade/invest using a developed strategy.
If you like my content, you can subscribe to the news and receive my fresh ideas.
Thanks for being with me!
$CLOV can rise in the next daysContextual immersion trading strategy idea.
Clover Health Investments , Corp. operates as a Medicare Advantage insurer in the United States.
The demand for shares of the company still looks higher than the supply.
This and other conditions can cause a rise in the share price in the next days.
So I opened a long position again from $10.50;
stop-loss — $9.36.
Information about take-profits will be later.
Do not view this idea as a recommendation for trading or investing. It is published only to introduce my own vision.
Always do your own analysis before making deals. When you use any materials, do not rely on blind trust.
You should remember that isolated deals do not give systematic profit, so trade/invest using a developed strategy.
If you like my content, you can subscribe to the news and receive my fresh ideas.
Thanks for being with me!