Now what?Seems like 3.5 is a string demand area that pushes the price very hard to the upside. The last time was in Jan 2020. I don't think is going to explode above 30 but the next resistance is at 10. This is a high volatile stock, I bought calls exp 04/19 strike 5.5. If this breaks out will be massive.
Pennystocks
BBAI - a penny stock in a hot sector LONGBBAI fell on an earnings miss on Thursday March 7th. The downtrend of 30% was basically a
slow flush. Penny stocks are volatile to begin with; this one is in the hottest of subsectors.
Price is in the hard oversold area just above the second lower VWAP line on this 15 minute
while the RSI lines are in the mid-30s showing the price weakness. A predictive forecasting
algo from Luxalgo suggests a bounce from the present price. I will take a long trade targeting
a return of 25% over the next week with three targets and partial closures of 25% , 50 and
25% respectively with the targets shown on the chart. The stop loss is 2.50 just below the
pivot low of 2.5. This trade idea demonstrates how penny stocks have great volatility and
how if entered well can result in 25% weekly which if compounded regularly can result
in rapid account balance growth overall. The trade is to be managed with partial closures
directed by alerts and notifications as well as a trailing stop loss of 5% once the price gain
has reached 10-15%. This minmizes effort and screen time so that they can be spread
across a wider variety of trades.
MVIS Microvision breaks higher from earnings LONGMVIS is a volatile penny stock with daily volumes in the 20JK range and a low float. Yesterday
was a decent earnings beat. MVIX was already trending up into the earnings and now may
sustain that trend up. Volatility and volume indicator support my supposition that the trend
is real. The target of the consolidation period of February 8-13's price level of 2.58 is
13 % upside. I espect this to be a long swing trade lasting a few days. Upon reaching the
target I will take half the position to realize that part of the profit and run the rest.
BLUE- a biotechnology earnings penny stock LONGBLUE a week ago had a bull run to gain 90% in 5 days and then reversed into a standard
Fibonacci retracement on the 30-minute chart, then in consolidation for a day or two getting
support from the mean anchored VWAP. The last trading day was a quick rise with momentum
in a bull flag. Earnings are coming. I will take another long trade on BLU into earnings. My
target is 1.90 about the high of the prior trend up and below the second VWAP line above
the mean. A tight stop loss at 1.53 ( below the flag's consolidation) will make it more likely the
trade will be a 20% winner. I have taken call options strikng $1.50 for March 15th for $20 each.
or a small loss of 2-3%
MYO can Myomo continue the push to the earnings report?MYO had impressive week gaining over 35%. It is a volatile penny biotechnology stock
with good earnings back in November new due for another report. On a 120 minute chart
with relative volatility and volume indicators and a volume profile added. The volume and
volativlty of this past week's move is obvious. Price gain has slowed on the approach to the
POC line of the volume profile which appears to be resistance. Price may break that resistance
but could get rejected there. I plan to buy MYO long on a break of resistance with
a buy stop set at 4.04 and a stop loss at 3.96. If MYO rises and gets over 4.04 the order should
fill and if it retests the POC line as support and the support fails, the stop will close the trade.
My expectation however is for the earnings run to take it to the level of the pivot high
in early January for a 25% gain.
EXFY a fintech penny stock at 5% of the ATH LONGEXFY recently had an earnings beat and has bullish momentum. While on a sixty minute chart it
may appear to be overextended, in the context of an all-time-high of about $50 perhaps it
has as much as 20X upside. EXFY rose from the earnings beat and then retraced and reversed the
retracement. I see it as a long wing trade perhaps until the approach to the next earnings.
The volume and volatility indicators suggest bullish momentum is strong and may continue.
LEXX a penny medical stock LONGLEXX on the daily chart is on a big bullrun breaking out of an ascending broadening triangle
or megaphone pattern demostrative of increasing volatility. Retlative volumes are 2X the
historical comparison. Price is now on the approach to the highs of 2023 but is only 15% of
the all high highs of 19 at the neckline of a head and shoulders back in 2018-2019, In short
it has a lot of upside if it can show earnings growth on higher revenues. For now targets are
4.15 the high of 2022 and 6.45 the high of 2021 marked on the chart in black horizontal
lines. LEXX is a money burning medical penny it is high risk like its peers. The reward
potential is as much as 7X and more realistically 2X in the intermediate term.
I will so long here with the risk in mind in the context of the reward potential.
FSR is driving to its earnings LONGFSR is shown here on a 30 minute chart on the move up in the approach to earnings on February
29th. For comparison purposes only TSLA is shown sideways with the purple line. FSR has
started a VWAP band breakout into the area of the mean anchored VWAP where it could pick up
institutionally based trader interest. The growing volumes of trading are obvious and lend
further support to taking a position. I will long long here with both shares and options
as a pre-earnings play. The call options for mid-March are $ 6.00 per contract.
MYO a Stock I randomly pulled up and conducted some R/AR/A = Research and Analysis
This stock just randomly chose to after looking at a few robotics stock. I went through a few stocks to show how I conduct my R/A and wanted to see if I could find some ideas and themes to trade. A stock that got selected was MYO. MYO is a company that sells robotic arms to people regain function in their arms and hands. Their product is called MyoPro. This stock might be able to push higher in the longer term (maybe in 2025). The technicals are not good on it. The fundamentals aren't also. And there is almost no sentiment on this stock because there is close to 0% PR on here, expect some articles talk about price movement. But, something that I saw that caught my eye is an individual in Australia used their product, was able to get their function back, and was able to benefit from the Nation Disability Insurance Scheme (NDIS) in Australia. Another that caught my eye is they are attempting to get their product approved for claims for Medicare Part B beneficiaries. If this is approved, the stock might be able to push above the $1 lvl and maybe push above the $2. So, this stock might have some promise. For now, I wouldn't get in because of the state of the economy, high inflation, and rates increasing. There are also the negatives aside from this stock almost collapsing, which is it's competitors and technologies such as Neuralink from Elon Musk.
I am not in this stock and highly likely I won't get in. This is just some research I have done and I am seeing where price is going to move and to see if I am correct.
Novavax- NVAX- Medical Technology Vaccine Focused LONGNVAX on the 15 minute chart has been compressing price action volatility into a symmetrical
triangle. It in now in a breakout of the triangle and in the process when from undervalued on
Monday to the upper trendline and then down to the support trendline and then up again.
It passed through the volume profile and its high volume area. In short, it has bullish
momentum capped off with a breakout from the high volume area into a bullflag to rest the
weekend. I am in this stock going and now is an opportunity to add to the position. If a trader
wants to know what I consider to be targets upside, let me know. Medical technology is
expected to be among the hottest of subsectors for 2024. NVAX has been beaten down. I
believe it has significant upside for the long term. in the short term, earnings are expected
on February 28th so this is a trade to consider on that run up. Call options for March 2 or March
16 can be considered.
UCAR a penny China stock now at bottom 300X upside LONGUCAR, a NASDAQ penny stock and a Chinese auto dealership enterprise is experiencing a huge
relative volume spike. UCAR had a great week in very active trading.
Now priced at about 0.07 per share, my near term target is 1.58
representing a consolidation pivot on the chart.
The all time high is the is 300X upside more or less. This is a risky play. It could get delisted
although NASDAQ will give it some more quarterly reports to make a case for regulatory
compliance and stock price stability I will take a small position here given the
risk. Warren Buffet got in on the cheap with BYD over the counter, he has been massively
rewarded for his very large position. Retail traders can make good profits with undervalued
penny stocks. I think that this right now is one of them. I will use a zig zag strategy
to take profits at high pivots and add into the position at low pivots along the way.
SRZN great trend up this year then pullback can be bought LONGSRZN ona 30 minute chart is on a consistent trend up for three weeks with some minor normal
corrections while underway. Now is one of those pullbacks waiting for an entry.
Price is getting support from the first upper VWAP bandline confluent with the lower ascending
support line of the megaphone pattern. A megaphone pattern documents increasing volatility
in the price action. Volatility is profitable in trading the swings as a swing trade or even
intraday. I will take a long trade here targeting the top of the pattern or about
going from 12 to 15 being 25% upside.
SOUN might be overbought and overvalued for a reversalSOUNDHound AI on the 15 minute on Wednesday 60 hours ago, broke out after a trend down to
begin the year. The tailwinds of the technology stock earnings and their tailwinds pushed hard.
SOUN broke out through the entire high volume area and then rose above it. Pretty much the
same from the lower aVWAP bands into the uppers after crossing over the mean line.
On the three indicators, RSI , MACD and the Chop index bearish diveragence is seen. This may
be an early reversal in progress but then again it might just be prudent traders liquidating to
take full or partial profits to close out the week. I am running full on this, I will watch the
price action early next week to determine a continuation vs a reversal. Relative volume
and relative volatility may show long traders closing with targets reached and shorts taking
their positions causing a pivot high of even a " long squeeze". Alerts and their notifications are
set on a 5-minute time frame to allow for some early warning. On the other hand it SOUN
can put out some higher decibels I may decide to look at the 2/16 options chain and chart
for an OTM call in the $2.5 or $3 range.
Can WIMI an IT penny stock hold above a dollar per share ?WIMI rocketed from 60 cents to $1.50 two days ago and then fell to 93 cents near to the
Fib 0.62 retracement which is greater than the typical. The idea is on the chart. So the analysis
is a symmetrical triangle pattern with a high normal retracement now at the apex of the
triangle with quick compression on the 15 minute chart. Volume is now. Friday afternoon
had a pullback likely to rake profit for the weaken. Money flow and relative strength are
decent but settled down. So will this penny awke up next week and try to move toward
its high of the week or will it fall lacking attention from distraction by technology stock
earnings reports and a crypto-sruge. To be sure, this is not an earnings play. There was
a highly significant news catalyst early in the week. This news is a possilbe game changer.
Over the intermediate term, despite any analysts' forecasts this could do 10X by summer.
As to next week, who knows but with an overshoot on the retracement and now below the
the mean VWAP band anchored to the beginning of the week. I am voting for a reversion to
the mean which just happens to be 1.00 ( a convenient "psychological level.).
As to a trade setup, a will take a big lot of shares from a buy stop set for 1.01 with a stop loss
of 0.97 and see if I get filled.No matter, this will be a swing trade for me. I will do adds at
the low of the week each week for several. I understand the news catalyst and believe
this penny IT will get a begin growth spurt in little time at all.
$CGAC Bitcoin Mining Company with 722 Miners Increasing to 1,500Bitcoin is on the move once again and cracked past $50,000 today a pivotal mental barricade that hasn't been broken in several years since the bear market started and ended and the bull market began. Bitcoin Stocks that mine usually do the best during the crypto bull cycle and the best and lowest of them all at the moment is OTC:CGAC
Currently the company is in the process of increasing their miners from 722 to 1,500 in the short term and will also be doing a CUSIP and Name Change in the coming weeks to accommodate its business direction.
There is sufficient gains to be made here as it did do .05 last time around, and this time, with sufficient interest in the Crypto market we could very well see .10+
I am very bullish on this one.
GTL INTRASTRUCTURE - BEST PERFORMER PENNY STOCKCan enter at CMP 1.75 or Enter at 1.60 level
Targets - 2.35,3.75+
Disclaimer - All information on this page is for educational purposes only,
we are not SEBI Registered, Please consult a SEBI registered financial advisor for your financial matters before investing And taking any decision. We are not responsible for any profit/loss you made.
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Strong Buy for ShortTerm TargetUgarStock made a Strong Higher high in Monthly and Weekly Timeframe., which confirms the uptrend on Higher Timeframe.
Stock came to previous ATH or Breakout Point., which is nothing but the Retracement point before the Upmove.
Buy the stock in proper dips with proper accumulation ratio ( Buy in parts )
Hold for Short to Long term Investment.
Have your own analysis for proper Risk management and Money Management.
Buy KMSUGAR Stock made Higher High in Weekly timeframe and consolidating.
Came down for Retracement.
Daily timeframe gives signs of Reversal based on #Divergence,
#Priceaction confirms it.
There is one more Zones below the current levels. So based on it but the stock as per your Capital.
Follow #Riskmanagment.
Penny Stock South India Bank MultibaggerSouth India Bank is trading around 8Rs, recently some buying volume seen and seems like in accumlation stage.
Can be good penny investment, as a rule, not more than 10% of your portfolio.
Buying area 5-9 Rs. Targets : 13,20,30+
Risk is limited, however rewards can be huge, it may easily double or triple.
GG ENGINEERING LTD - BEST GROWING PENNY STOCKCan Enter at CMP 2.58 or Wait for 3.15 level
Targets - 5,6.84,8.20+
Disclaimer - All information on this page is for educational purposes only,
we are not SEBI Registered, Please consult a SEBI registered financial advisor for your financial matters before investing And taking any decision. We are not responsible for any profit/loss you made.
Request your support and engagement by liking and commenting & follow to provide encouragement
HAPPY TRADING 👍
HRTX a biotech penny stock with 70% in two months LONGHRTX has been suggested by various trading websites as a potentially explosive penny biotech
stock for 2024. It has experienced excellent price actions since an earnings beat in November.
It beat the estimates; that is to say it burned about half as much cash as the analysts estimated
the it would. Today it pumped 11%. Relevant articles can be found compiled on the Yahoo
Finance page linked here.
The chart is 120 minutes. A alpha trend indicator is shown and the supertrend since the
November earnings is upward. An AI Lorentzian indicator is added with a 2000 candle lookback
to generate buy and sell signals. It calculated a 59% win on 83 trades over those 2000 candles
two hours each; this amounts to about 2000 x 2 / 6 hrs per session or more than 600 trading
days = 2 1/2 years.
Also supporting an entry at this time is the faster (45 min) RSI line rising over the 50 level
while the slower ( 240 minutes in red) RSI line has been over the 50 level since those earnings.
The ADX indicator had a DI- and DI + flip with a mini pullback to close out last week's trading
( profit taking).
The volatility indicator also showed that dip with selling volatility greater than buying which
has now flipped.
Given that price has went 5X in 2 months , there is a possibility HRTX is overbought.
Analysts seem to think otherwise.
I will take a stock position here and anticipate holding the position into the next earnings.
For trade management I will take partials of 5 % each at the high of day for ten days going
into earnings and hold the remaining 50% through the earnings. In the meanwhile I will review
the trade if the machine-learning alo indicator generates either a buy or sell signal.
For those lacking the risk tolerance for money-losing biotechnology penny stocks with high
potential but are aware that biotechnology is expected to be "outperforming" in 2024,
XBI and LABU are ETFs with risk-mitigation in the form of a diverse portfolio from the sector.
CANO a healthcare penny stock with high volatility LONGCANO is shown on a 15-minute chart now set for a long position with comments on the chart.
This is a VWAP band breakout with a volatility spike long trade.
Stop loss is about 70 cents, targets are 70 cents, $1.40 and $2.10 for 33% each and a reward
of $2 for every $1 risked. Options are available for one and two months expiration.