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Preearningplay

BTTR, a penny stock selling pet food LONGBTTR is up almost 30% since acquiring a Canadian company on Feb 9th. The news catalyst illustrates a momentum in growth. On the chart, since an excellent report in November, price ascended into a double top in late November and mid December then fell until the news catalyst on Friday the 9th. Another report is soon coming. I see BTTR as a volatile penny stock is now set up for a long trade. I have marked in horizontal black some targets from looking to the left. Equally weighing all three targets, the profit potential is 25% in the near term while the last target is about 35%. BTTR is poised below the mean VWAP line and appears ready to continue its VWAP breakout from 2/9 moving upward while crossing the first lower anchored VWAP line. I expect the price to ultimately aim for the second upper VWAP line and hit my last target just below that line representing the base of the double top last winter. my last target
AMEX:BTTRLong
by AwesomeAvani
FGEN A Biotechnology Penny running to earnings LONGFGEN has been uptrending for two weeks. In November's earnings it beat on revenue and burned less cash than projected. Another earnings report is impending. On the 30 minute chart, price has pumped 250%. The volume is okay but is not showing a rise and the price volume trend is flat. This is an unusual pattern. The mass index indicator shows hints of getting into the threshold and trigger zones. The dual TF RSI shows both low and high TF lines in the 60s. I am inclined to watch this, the price rise without corresponding volume increases seems to run against Wychoff theory. I will put it on a watch list. As a speculative penny stock with no earnings I will leave it alone until I see increased volume and volatility at earnings. Could there be some manipulation hidden behind the chart?
NASDAQ:FGEN
by AwesomeAvani
CDNS a chip design software company LONGCDNS located in California is a software firm supporting computer assisted design ( ACAD) for the semi-conductor industry. While its customer base gets the headlines, this company helps make it happen. The 120 minute chart looks good as price is uptrending with good volume and relative strength. Earnings have been solid and another is around the corner. Price has appreciated 40% in six months. the trend angle of 13 degrees over the continuous uptrend is solid. I see this as a buy now before the earnings or after a minor correction to get a bit of a discount.
NASDAQ:CDNSLong
by AwesomeAvani
NET / Cloudfare Pre-Earnings before the big beat Trade ReviewNET on the 15-minute chart demonstrates the swing-long trades of this past week. 5-6 entries and 3-4 exits- accumulating a few shares at a time and closing only one at a time to gradually average up. The setup is explained in the chart textboxes. Using TV indicators for line crossing alerts to minimize the effort of time. Trade is still open and following the trend of price action. NET reached orbit in the last-minute run-up before the big earnings beat. Nine shares and one call contract on the ready for the launch with advanced planning. It was good enough for now. The call contract will come off the table before the NY lunch hour. The shares will run the weekend and be on watch for over-extension and fade next week.
NYSE:NETLong
by AwesomeAvani