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PET

chewy $chwy #chwy Even in recession people seem to have a way of keeping their pets fed. Not sure about other countries but in the U.S., we often find that when people are doing poorly, they tend to spend even more $ and time with their pets. This is so far the best opportunity since 2020 to begin creating a long-term position. Also looks like a nice technical level to create a call position with a little bit of time on it. I could be wrong but I don't think they have even begun using the A.i. narrative yet in earnings calls and truth is they are the perfect kind of company to later realize that they can save a lot of $ and increase profits dramatically over the next few years with use of a.i. and robotics.
NYSE:CHWY
by rarebreed29
BARK a dog supply speciality stock Reverses LONGBARK is the stock of a relatively young company.It is now growing and has had positive earnings The chart shows a reversal from the prior downtrend which started with a double top in January. The order block indicator shows a base of buy order blocks forming the support. Upside is 45% to the resistance of the double top and the sell order blocks. The anchored VWAP shows that price was supported by the line of two standard deviations below VWAP in the deep undervalued zone. However, with the reversal, price is now targeting the VWAP itself which also could be an initial target for trade. Fundamentally, no matter whether a recession is impending, people will care for their dogs and sales should not suffer. If anything, people will seek value deals compared with brick-and-mortar sources. Not a coincidence but another dog-related stock WOOF is on an uptrend as well. As a penny stock, this is a risky long trade however I also see the reward potential. The call options for expiration on 5/19 are priced at about $10 per contract making them very affordable way to leverage the trade. see also the stock analyst report linked here stockanalysis.com
NYSE:BARKLong
by AwesomeAvani
A good opportunity in a situation of light overboughtMy advisor Marketmiracle gave an input signal for the stock ALIGN TECHNOLOGY $ALGN at a price of 588.09 usd with a target of 634.1391 with a possible profit of 7.83% According to the chart the stock seems to actually want to continue to rise despite the laggera situation of over-bought, the rest less than a month ago has delivered excellent results with a surprise of 23% compared to the estimates of analysts. Moreover according to some sites of fundamental analysis to which I refer the price of the Stock seems to be underestimated of approximately 7% regarding the just value. All this makes me think that with good odds the title will rise, in the next week as soon as I have liquidity I will take positions. This idea is based on a signal generated by the advisor Marketmiracle, down on this page you will find the link to the page of signals of the advisor that you can see for free without any cost or registration
NASDAQ:ALGNLong
by MarketMiracleAdvisor
Looking good for $CHWYThis is a play I actually entered into about a week ago pre-earnings. Price jumped after having their first profitable quarter and their financials look great. Prices pulled back as expected because the market is f'd up like that and these past few days have presented a second-round buying opportunity. It went from overpriced at $120 with a fair value of $80-$90 down to that range and should return to the mean $90-$100 range soon. Also looking for a cross on the hourly macd which historically has been a good indicator for CHWY. The 4hr macd does not look as hot so do keep that in mind, however with less price history on a stock I tend to find it not as powerful. Entry: $78.66 TP: $97-130 May enter into a long-term position after getting to these levels because this is a great company and as long as Amazon doesn't go to full out war with them should be profitable every quarter within the next year.
NYSE:CHWYLong
by bishopknight
ZOM a love child to novice investorsZOM is interesting since through out the pandemic, people wanted to find ways to make money at home. That's why we had stories from Hertz, DOGE, GME, AMC, and more, but some of these investors found r/PennyStocks. I could list alot of hot names like NNDM, IDEX, XSPA, and more, but we are here to talk about ZOM yet its good to know what kind of investors are in/attractive to a stock like ZOM. Overall I'm a mid term bear, but you could be neutral. News: Now I haven't invested a single penny, yet I like seeing a stock that had an mc over 2billion dollars just to come back to pennystock land of the dead -3 insiders sale publish on Apr 13. -Apr 15: ZOM releases a Investor news on their website stating their distributor failed to help them gain initial sales, so in return they are going to go with a direct sales approach. Also in the letter they couldn't state when they will be profitable. This is a red flag on multiparts. First: they push their own problems on a distributor and not their product. There still hasn't been any demand from the stock price if their product was successful. Second: Changing gears on how to market their device, since launch and haven't tweeted/remain inactive on social media like twitter since Jan 4th is very concerning on if they are still trying to build this company. Third: Profitability. Again we don't know the demand and we don't know if this new marketing strategy will work. This means the company will continue its cash burn and sale shares or dilute share holders until profitability. -Earnings are coming up, but it should be clear they will miss Other News: -ZOM releases their product early causing the swing traders to be off guard and start the "sale the news" -Twitter inactive since Jan 4 -Whole market (besides crypto) has been crashing since the start of this year TA: I know the news section was scary and some things are opinionated, but theres questions that need to be answered -Downtrend line since March 26, but sale off started on March 16. Leans Bearish -Resistance is at 1.00130, 1.4166, and then 2.0075. If the downtrend line holds up .9947 is resistance at open. Leans bearish -EMA continues down with 50 at roughly 1.06. 128 1.36, and 1.49 at the 200. Massive moves are needed, so unlikely to see it hitting there anytime soon. Would need sideways movement or a bounce back. -Support hits .8367, then a massive drop too 0.4413 since between was a gap up. After that its a drop too 0.2802 another unknownzone, but it lighter note could be a buying opportunity 0.2802-04413. This area would be massive pain since if you bought at ath you would be down over 70% and at 0.2802 its at 89% which is prime for a bounce back. Buying from .5-.28 should only be gamble money. -MACD leans bearish -RSI is way oversold with resistance at 51.91 -VPVR levels mean shit atm, but during the rally the last big one I see is at 0.488, so a quick trade from .5 buy in could bounce back to .8-$1 on a trading perspective. Final thoughts Now this stock has had major bearish news and the question is will the earnings help or cause more pain. The answer isn't clear cut, cause as an investor or a speculator we don't know the sales and the quick change in direction on sales cause me to believe in the short term and mid bearish perspective. Now if earnings come out and sales are better than suspected then theres no problems, but watch out if the next days after it continues too sale off.
AMEX:ZOMShort
by nathanielx9
4
Quick update in gold.. Quick update in gold.. Price action have been holding up ridiculously well for the past month despite the record pace of rallying in the stock market. SPY: However, the divergence between USDJPY continues which does not bode well for stocks. USDJPY: On the lower timeframe perspective of gold (4~ 12 hour), it does seems that we have made a higher high price here, however I will not rule out of a possibility of a re-test of $1190 support level. On what seems to be a head and shoulders pattern here, I highly doubt there will be any follow-up given the spike in VIX on Friday's closing. I believe that the second leg down on stocks may start to develop soon which should push gold further up coupled along with the divergence developing in the USDJPY pair. Look out for a quick spike towards $1400 /oz area. However I wouldn't entirely consider this rally in gold to be a bull market. It was badly oversold and was already overdue for a bounce with the falling wedge that have been building for more than 4 years anyway. In other words, there is a possibility that this is a counter-trend rally in a bear market for gold. Silver in the meantime looks pretty compelling, pretty much abandoned by the mainstream. At $1400/oz gold, I'd trade all my physical holdings into silver. XAGUSD: Gold silver ratio:
FX:XAUUSDLong
by LastBattle
5