#NIO #Pennystock Chinese car manufacturerConsidered to be the Tesla of China, has risen significantly in the last couple of months after securing additional funding and expending rapidly.
Now entered a rising wedge on the chart, RSI is extremely overbought both on the daily, and weekly timeframes, and has printed a bearish divergence, MACD bullish momentum seems to have faded.
It can find support on the recent resistance at $4.77.
Pennystocks
🤫 1189% Gain! MY DIRTY LITTLE SECRET! (GNUS)❤ I know, I know, you probably think I'm a liar and that i have never even had this one on my radar. Sad thing is that I actually reviewed this one on may 1st and told you double bottom off long term support. Here I will link it in the related ideas below.
I think it's only right that now I come forward about this pick.
Resistance obliterated. 💥💥💥💥
I'm curious to know if any of my following took me serious on this one?
This isn't the only massive penny stock pump that I picked in the last 2 months, I'll share them in the related section below. Give me my credit when it's due.
🥇MLT | MAJOR LEAGUE TRADER
Blast Off! - Security & Self Defense PlayByrna Technologies, Inc. is engaged in the development, manufacture and sale of non-lethal ammunition.
It operates through the SDI and SDI Canada segments. It offers non-lethal weapons for military and law enforcement personnel.
The Byrna HD is not a firearm*, but is an incredibly powerful and effective self-defense weapon for men and women of all ages and abilities.
Folks, get in now because I have a feeling when this company gets uplifted to the NASDAQ, the stock will spike.
The weapon is made of high quality materials and works great, I own 3 of them.
If you like WRTC, you'll love this stock especially at the low price it's at now!
Read the company news releases. Sales are up over 1000% and they just paid off upwards of $6 million in debt.
They have millions of dollars in sales coming in and it's just the beginning!
Go to the website and watch the video. I haven't seen anything like it on the market.
Long!
Held 2+ Month & Literally Sold The Top! 😁 (GPRO)💰💰💰💰 Couple of days I told you I exited go pro for 111% return after holding for little over 2 months.
I wanted to show you this update as I said we were heading into major Resistance and that I wanted to unload my position.
I called it on the money! Saved myself from roughly a 12% loss.
You got to go with your gut and when you see the signs you exit! Take your profits when you know it's a good deal.
I'm very proud of this trade. 😁❤😁❤😁❤
Good luck everybody! 🙏
🥇MLT | MAJOR LEAGUE TRADER
27% Quick Flip Closed. Half A Trading Day! (HHT)This one we opened early this morning and are floating around the 67 cents range as it is acting as a Resistance level, stated in original analysis. I would of liked to see a more powerful volume play. It is still a major breakout, but I have closed due to the hesitation around this price. Best of luck to you if you're trading this also for a longterm move. If it can break above here it will pop.
Have a blessed day! ❤❤❤
🥇MLT | PRO TRADERS
Thank You GoPro For The 111% ❤ (GPRO)Today is the day I am taking profit on gopro, it was a nice 2+ Month swing trade and I'm very happy with the results! 💰💰💰💰💰💰💰💰💰 We are now getting into some severe Resistance levels and this thing has just been running up like no other! We are now at the top of the downward parallel channel on the larger timeframes. If it could push above would I get interested again? Maybe.
I'm in the rebuilding process of new positions for my portfolio as everything in the stock market that I have held is now coming to a close. Most likely just going to roll this over to the cryptocurrency market. I got my eyes on some very important positions that I want in crypto.
Thank you gopro, do yo thang!
Love you!!! ❤❤❤
🥇MLT | MAJOR LEAGUE TRADER
Highly Interested. (HHT)Wish me luck guys I'm slapping the buy on Color Star Technology. 🚀
This is what we would call a knife catch, similar to how I played New Gold Inc. & GoPro which both led to over 220% in gains in the last 2 months! 💰💰💰
You notice as we are zoomed out that we are hitting off of major support in search of a pop up, previously it sits up 21.54%.
50 cents is a key level and I will show you why below ⬇️
111% Gain On GoPro! (GPRO)What an awesome monday!!! 💰💰💰💰💰 We went right through the $5 target and is continuing to print green non-stop! Daily chart strong engulfing candle as all of our ema dots continue to shoot green. 💲💲💲💲
The 2 month+ swing trade continues to send powerful results! 🙏😁✈
Will continue to update.
🥇MLT | PRO TRADERS
UUU: $1 Short Target, very low Volume + Long PotentialFirst off, please don't take anything I say seriously or as financial advice. As always, this is on an opinion based basis. That being said, I have a few quick insights. I think $UUU can hit $1 quite soon w/ continuing support levels. However, it is still very high risk. The market cap is very small, hence the volume is small. I wouldn't bet too much on this if I were to buy it. Currently, I'm waiting to see if it hits the $1 price target I am predicting, and if it can rally. However, again this is high risk. Lower volume and lower market cap stocks are harder to get out of. Be very weary.
Avinger Monster Wedgie! (AVGR)Up late scouting some penny stock positions to start rolling some capital into, this one stood out!
As you can zoomed out on the weekly timeframe the candles are shifting green but are still under this tight compression in this monster sized falling wedge chart pattern. This looks really good! These are ideal chart setups that you want to look for, especially in penny stocks as when they breakout they can surge with high volatility. Let's zoom in and see what levels we want to play.
Gulf Marine Services - penny Rocket 🚀 or penny Plummet 📉At glance you might think GMS price chart suggest their in big trouble but is there light at the end of the tunnel?
Last year GMS revenue fell by 12% and their actual loss for the year totalled $85.5 million, 2019 was evidently a difficult year for them however chairman Tim Summers stated that "agreement has been reached with lenders on the key terms of restructuring our bank debt which will give GMS renewed access to liquidity and a firm financial platform to move the business forward through 2020 and beyond”
Last month GMS was awarded a six month renewable energy contract to provided support as an unnamed UK offshore renewable operator. And with Summers stating that " the company's financial performance to the end of March 2020 is slightly better than its 2020 business plan." buyers can start to have a bit more confidence.
At the end of last month Seafox applied for a takeover deal of GMS but was rejected with GMS claiming 'it has strengthened its board and secured new business' however I wouldn't write-off a future takeover.
Past price action has also shown a definite correlation between the companies stock price and the value of a barrel of oil. With that being said oil prices are currently on the up 📈 and as a result I expect CMS's share price to do the same.
Scenario 1 : The price could fall back to support after recently gaining 745% (29/04 - 04/06) and then bounce upwards from around the 6.85 level.
Scenario 2 : The price could just continue to rise in the same expectation that oil prices will
Scenario 3 : Buyer confidence could be reduced with worrying loss figures coupled with takeover doubts and the price could just continue the long term trend of further depreciation.
This is purely an idea please ensure you conduct your own analysis and ensure risk management is in place before conducting any market execution.
07/06/2020 $NTEC BULLISH uptrend channel This stock has a high volume setup with a strong ressistance at 0.35. I think it will blow up with the first news...already has a Zacks buy rate and we are waiting to see what's next....
97% Gain Still Active! (GPRO)Gopro Trade Update:
💰💰💰💰As you know I have had my eyes set on that $5 target for Resistance on the channel and we are now very close!!!!
I have continued to hold onto this one as it is my last penny stock position still open from the lows of $2.46.
💲💲💲🥇A 2+ month swing trade! Passive income is the best income!
The 12 hr is showing some sideways compression chop for me, I'm zoning in on the next move as we approach the Resistance target.
Let's see if I can get the cool %100 pull on this massive winner! ✌🤑✌
Nice Swing Setup - ACORReally like the setup on $ACOR for a buy near $0.74. Sitting at double bottom support level on the daily chart. Has room to move up to $1.20, could flip it in its current trend for 10%+ as well. I’ll look for an entry tomorrow morning.
BIOC Trying To Fill Gap But Can It This Time?Looks like Biocept BIOC is making another technical move on more information from the company's website about its COVID testing. Apparently people on social are talking about updates that the company is doing COVID testing now.
Company site specifically stating:
"To support public health efforts, Biocept is performing COVID-19 testing.
If you’re in need of testing, please consult with your doctor or authorized healthcare provider as Biocept will need them to order and collect the specimen for COVID-19 testing, per FDA guidance."
It's interesting that this is being pointed out. I looked at WayBackMachine and see some updates but nothing that drastic. Either way, it seems like it was enough to get the juices flowing for some people on twitter. Guess we'll see what happens next. Chart has been riding the same support and testing the upper end of that previous gap.
Who's placing bets on the over (going up) or the under (coming back down)?
XSPA,Broke resistance , AlphaOverBeta Price AlertHello traders,
XpresSpa Group, Inc., a health and wellness services company, provides spa services and related products at airports. The company offers massage services for the neck, back, feet, and whole body; nail care, including pedicures, manicures, and polish changes; travel products, such as neck pillows, blankets, and massage tools; and cryotherapy services, compression services, and personal care services, as well as retail products.
As of April 6, 2020, it provided its services through 51 locations in 25 airports worldwide. The company was formerly known as FORM Holdings Corp. and changed its name to XpresSpa Group, Inc. in January 2018. XpresSpa Group, Inc. is headquartered in New York, New York.
Sector: Consumer Cyclical
Industry: Personal Services
Market Cap(M$): 97
52 Week High: 5.45$
52 Week Low: 0.05$
Forward PE: -3.48
Technical Analysis:
Analyzing the stock from a technical perspective, we have these conclusions:
The stock belongs to a weak sector which is related to tourism and flights but as the economies of the world are reopening, the stock may stage a bounce up,
The latest earnings report was good (missing the current coronavirus related quarter), and technically it broke resistance with high volume,
We open a long position at the current market price with a stop loss of 12% down,
Trade Smartly,
Alon, AlphaOverBeta
113% Gain. Closed. (NGD)Trade update: NGD
I have officially closed my 2 month swing trade on new gold inc for a 113% gain! 😁🥇
Why did I close and take profit?
The daily is showing sell off pressure as the candle forms the red doji crossover.
All 3 bottom ema dot indicators are going red.
Will take till end of market for all indicators to close what they show, went ahead and cleared the table and collected! 💰
Only one more pennystock left in my portfolio which is gopro.
🥇MLT | PRO TRADERS
LONG $ZOM There was a recent offering which was closed this last Friday, dumped to .14 and is currently .16
I am expecting to see an easy bounce to .20 soon and perhaps even higher. Wouldn't be surprised if we rejected at the top of the triangle but that's already a 100% gain.. anything above that is the gods blessing us.
AGEN - See Past Post - This ride isn't overAll,
See my previous post on my baby aka favorite stock. My entry was $2.28 on this. There pipeline was epic, FDA approvals and no price movement. Now it just hit every scanner and radar out there. I would not buy in now of course, but over time it will come back and retest the last high it left from. It may happen quickly but I would put my alert around 50% of the big bar. I will update later on re buy ins for this stock.
Approaching My Deadline. 93% Gain! (GPRO)Hey everyone I hope you're all doing well and ready to win big this week!!! 😁🥇
We have closed a lot of our positions that we took back in early April.
We've had a lot of magnificent runs for serious profits on a good amount of pennystocks.
My current pennystock positions that I have left is GoPro and New Gold Inc.
I am about to begin a new series of buys and hunt out some new pennystock positions to buy as we close put these positions to rotate our capital.
Gopro has been running very well and strong with a lot of green. We are getting closer to that $5 channel Resistance and I'm considering taking my 90%+ in gains on gpro.
We will look for the next break low in smaller timeframes support for an exit of our position as we track it this week.
If this channel holds than we could see a strong retracement.
I will update on this post for the exit and take profit zone.
Best of luck to you all, have an awesome week!!!
🥇MLT | FULL TIME TRADERS
Hertz (HTZ) - Could move big time All,
Hertz needs to break a full candle above $1.09. I said this with AMC.. what are the odds people/companies/large investment banks let these companies go under that literally everyone knows? I say it won't happen and the backing of recent news suggests the same. You absolutely have to have a market stop loss under $.90 if you get in now. Worst case they get bought out (good thing)
Entry $1.06 or $1.09
MARKET stop loss $.90
2nd Option is to wait for a possible double bottom near .34.... but I doubt that will happen. This is all due to the virus, not the actual company don't forget that.
New ASX SmallCap with 30%+ Profit PotentialHunting for a LONG on ATOMO ASX:AT1
I've been watching AT1 for a while since it came on the market and it didn't look attractive because it was so new and volatile.
However, I've since noticed that it's attempting to cross the downtrend line and also break up through resistance.
I must stress - important to wait to clear these levels before engaging. Yes, you pay more, but its a safer trade.
I'm not waiting for AT1 to clear and close above $0.36 before entering for a long.
TRADE SPECIFICS:
ENTRY - $0.37
TAKE PROFIT 1 - $0.475 - 30% PROFIT
TAKE PROFIT 2 - $0.52 - 42% PROFIT
STOP LOSS - $0.31
RISK : REWARD - 1 : 2
This is the 1HR chart I'm looking at, so assumptions are based here, however this is OK for me as I have reviewed the 4HR already and came to the same conclusions. Safe players might apply the same engagement above but wait for a close above $0.36 on the 4HR rather.
If you like my ideas, please LIKE and FOLLOW me! :-)
Reminder - this is not financial advice, simply an idea. Please do your own research before entering any trades and ensure you use risk management such as stop losses.
Remember, there is only 5 outcomes when you enter a trade:
1. Break Even
2. Small Win
3. Small Loss
4. Big Win
5. Big Loss
Eliminate #5 from your future options.
Happy Hunting!