Hurricane Enery - Buying the bottom of the rangeBuy Hurricane Energy (HUR.L)
Hurricane Energy plc is engaged in the exploration of oil and gas reserves principally on the United Kingdom Continental Shelf. The Company's acreage is on the United Kingdom Continental Shelf, West of Shetland, on which the Company has approximately two basement reservoir discoveries, each containing approximately 200 million barrels of oil equivalent (MMboe).
Market Cap: £827.54Million
Hurricane Energy is trading in a neat range on the daily chart. The support at 38p has held successfully and the shares look set to close above the 10EMA. This could be a sign that bullish momentum is about to return. The upper end of the range comes in at 60.70p which is our short to medium term target.
Stop: 36.4p
Target 1: 60.70p
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Smallcaps
Flowtech - Go with the floBuy Flowtech Fluidpower (FLO.L)
Flowtech Fluidpower plc is a United Kingdom-based distributor of technical fluid power products. The Company operates through two divisions: Flowtechnology, which is geographically split into Flowtechnology UK (FTUK) and Flowtechnology Benelux (FTB), and Power Motion Control (PMC). FTUK and FTB focus on supplying distributors and resellers of industrial maintenance, repair and operation (MRO) products, primarily serving urgent orders rather than bulk offerings. The PMC division is engaged in the design and assembly of engineering components and hydraulic systems, which are managed by component supply along with a service and repair function.
Market Cap: £64.98Million
Flowtech is trading in a neat range between 98.5p to 165.5p on the daily chart. The company pays a dividend, which is quite rare of a small cap business. The recent ex-dividend date has been shrugged off with no real impact on the share price. There is an unfilled gap at 120.5p, which is our first target, beyond that we believe the share price could climb towards 149.5p, then 165.5p.
Stop: 95p
Target 1: 120p
Target 2: 149p
Target 3: 165p
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Bango - More upside expectedBuy Bango (BGO.L)
Bango PLC (Bango) offers the Bango mobile payment platform. The Company's principal activity is the development, marketing and sale of technology to enable mobile phone users to make payments for digital content and media on smartphones and tablets. The Company's segments include End user activity and Platform fees. The End user activity segment includes the content access fees paid by end users for accessing chargeable content provided by digital merchants, adjusted to take account of whether Bango is agent or principal in the transactions.
Market Cap: £94.28Million
Bango has formed a bottom pattern on the daily chart. The double bottom completed on the move above resistance at 130p. The shares have been in consolidation mode in recent weeks but now look set to head higher over the short to medium term. We have major resistance around 198.5p, which also lines up with the 61.8% Fibonacci resistance level at 192.5p. We expect to see the short term sequence of higher highs and higher lows continue.
Stop: 115p
Target: 192.5p
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US Small Caps with a nice Chance to Risk play on the short sideI am expecting that a bigger 5 wave move to the upside has been finished in the US Small Cap Index. Therefore we should see a corrective ABC move to the downside with the C wave still to come. This setup is valid as long as we don't make any new ATH, should we move over the 76.4% retracement this setup already becomes questionable, however at the moment it looks well intact.
1D) Short AAOI 22% since last alert. But the bearish pattern confirmed it's a short candidate from now.
Russell 2000 - The bigger picture...On a daily chart, the Russell is looking great, however, on the weekly chart shown above. The Russell is reaching a resistance on what we can see is a downtrend of lowers highs, and lower lows .
Take profits and protect your gains. This is a very bearish flag.
ZNGA can reach $8Zynga currently offers a very bullish set-up
Multi-year break out
followed by weeks of consolidation
IWM continues to HOLD supportIWM is within a 2 year channel with distinct points.
Lower end (red arrows) around $144-$145
Upper end (black arrows) around $160
Highlighted areas are times in which we breached those areas.
Yesterday the IWM traded down as low as $144.25, buyers stepped in to drive the ETF up.
Buyers have stepped into and bought around that area for the past 2 years.
Solid support.
Resistance of $160 is just as solid.
Greatland Gold - Small cap gold miner about to rally?Been watching this lately as it has been appearing in my scans. The trading volume appears to have been quite consistent in recent weeks and trend of higher lows is encouraging.
The close above the 10 EMA is a cue to buy and target the resistance above.
Target: 2.55p
Stop: 1.644p
BSE Small Cap support Zone rangeBSE Small Cap is near Long term support Zone range....Lets see, whether how much time it spent in this zone....
BSE Small Cap index if not stop may further breakChart reflect that BSE small cap index has been in negative territory since Jan 2018 and may be reaching at crucial support level so if it does not hold then 500-600 point further breakdown cant be ruled out
Small caps outperforming as the bottom falls out of the marketDonald Trump's announcement of new tariffs and the Fed's signal that we will only get one rate cut this year have sent indices tumbling. Rising from the chaos are small cap stocks. The last few days, EWSC rose against the S&P and got a big surge in volume relative to the volume in the large cap space. A volume surge like this in small caps often signals the beginning of an extended small cap run.
EYPT | Range bound Long-Term pattern suggests that after previous dilution, Eyepoint's stock price went range bound for quite awhile before breaking out.
This marks potential accumulation range for anyone looking to build a position in EYPT.
Ranges make for good swing trade positions (especially 20%+ both ways) and a way to average down.
Range low/ highs, range from $1.42 - $1.87 is approximately $0.45 of profit both ways up (~20%+) until EYPT confirms they are adhering to terms of loan with CRG.
Weekly MACD and Stochastics have divergence with stock price. This could infer spring board type action on good news (break below range could cause problems).
Previous quarter showed that $EYPT was on track w/ meeting terms of CRG loan agreement.
positive earning/ ER beat should help satisfy some hedge funds/ big $ investors. I remain cautiously optimistic.
$EYPT could potentially come and test lows of the range within next week. I am looking to use this as a way to add to current position/ swing trade it to highs and lower cost basis on my long-position.
**On the other hand, falling below this range could cause knee jerk reaction/ selloff. I am going to be watching this carefully.
Tip # 7: When trading, It is very important to have a game plan. It is good practice to establish rules to your system (i.e. do you buy in increments?, at what point do you not like the investment anymore? how long are you willing to hold?).
- Please Like and Follow for trade ideas & so I can continue to chart and build my reputation. Thank you in advance =)
Have a Twitter? check out my page for more: @volatilitywatch
Disclosure: I am long EYPT. This is not a note to buy or sell. Please do your homework before investing.
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Check out current trade in TGTX =) #BULLISH
Akerna $KERN Coming In That Buy Zone. Fresh IPO (kind of).Akerna coming into that buy zone. Stock IPOed (actually it was a SPAC) at around $11 after doing their last private placement at $10.21. As this is a recent IPO (of sorts) and a cannabis company, I expect this will eventually shake out at 2x the IPO price (around $20) so buy on dips.
Why 2x IPO price? Look at high flyers Zoom $ZM, Beyond Meat $BYND, Crowdstrike $CRWD, all trading at about 2x IPO price, based on hype, growing markets, and sales growth.
Akerna is Cloud + Payments + Cannabis. They have an ERP software for cannabis supply chain / growers / dispensaries. All the buzzwords. Not sure 100% if the company has a legit future (need to do more research), but certainly I think this thesis is enough to put it on your watchlist.
Buy AIM listed tech stock Bidstack Group - Breaking higher!LSE:BIDS
Bidstack bridges the gap between gamers, game developers, and advertisers by enhancing the gaming experience with rich, real-world advertising.
The shares have risen impressively over the past couple of years and following a period of consolidation that trend looks set to continue.
We have seen the shares break higher from an ending wedge formation and a move towards 50p is now expected over the short to medium term.
Buy!
Stop loss at 24.5p
Target 50p
MLNT updateCongratulations MLNT holders. Target of $7 is roughly reached.
Fractal tells us to take profit. But people will still chase the expansion breakout. It's a gamble as always.
$IWM $RUT - Small Caps Under PressureAs the trade war heats up, risky assets are getting hammered, and one area where this is evident is in small cap stocks.
On a technical basis, small cap stocks have been deteriorating. Since May, prices have fallen below both the 10-Day and 50-Day EMAs, with a deteriorating MACD to back it up . Furthermore, prices have suffered from lower highs and lower lows since that same time, with no relief in sight.
We believe that as the geopolitical landscape becomes more hostile, and global macro pressures mount, there will be more downside for the $RUT in the near term.
Wabi/Btc Uptrending SupportWabi/Btc Has been in an a slight uptrend the last few weeks. I have personally been buying along this uptrending support with proper stop losses. Let me know what you think!
TRIP BUY TP_79.97_56.10%_28.74pips_SL_45.90_10.40%_5.33pipsTRIP BUY TP_79.97_56.10%_28.74pips_SL_45.90_10.40%_5.33pips
CRON BUY TP_25.23_48.15%_8.20pips_SL_15.35_9.86%_1.68pipsCRON BUY TP_25.23_48.15%_8.20pips_SL_15.35_9.86%_1.68pips
ZYNE BUY TP_25.88_199.19%_17.33pips_SL_7.36_14.91%_1.29pipsZYNE BUY TP_25.88_199.19%_17.33pips_SL_7.36_14.91%_1.29pips
RTY1!, All Eyes on Small CapsHere is a dissected daily chart of Russell 2000 futures with important levels to watch. As of today, the index remains the weakest among the others. Last week it tested an important trend line but managed to close above it. The index has an interesting behavior that could be used to trader's advantage. For example, it may be in a catch up mode and trend well while the rest of the indices are aimlessly chopping or it may show a hint where the rest of the indices will be heading.
Say, as an investor where do I put my money to work if I can see the Nasdaq and S&P 500 are at all time highs? The Russell is far from the all time highs and has plenty of upside potential.
I drew a few projected areas above and beyond the current action. In case the prices break above that would be a nice upside trend to fill the projected area. In case of a breakdown of the trend line the price can fill the existing area and still find enough buyers to remain inside.
Let's watch the price development next week. Being close to the upper edge of the existing balance the upside potential is there. The only warning sign is a notable negative divergence.
04/21/2019
