HITI Update - LongHITI Update Long - Trade Idea
Multiple confirmations to take this trade, long hold!
Thanks,
TP
Stockstowatch
Uber Road to $80I think this is wave 4 of a 5 wave move, we are near the top of wave 1 which is a great entry.
Telstra Jumps On Declared Special DivAbove we see the TLS weekly time frame. Technically, the moving averages are in a bullish stack with the shorter-term green > intermediate orange> longer-term red. Moreover, there is good angle and separation which indicates a strong momentum for the telecom. On a classical charting basis, TLS may have charted a double bottom, which is an accumulation pattern. The company released its results today, saying that it expects to return to full-year growth in its fiscal 22. During the current period, the company paid down debt and monetised more than $2bn of assets. Of note, shareholders will receive a fully-franked dividend (i.e., paid from earnings after tax) of 8cps, which included a special dividend of 3cps.
DLO BUY/LONG INCOMING BUY ENTRY! 41.53 to 65.10 BY END AUG 2021 TICKER CODE: DLO
Company Name: DLOCAL LIMITED
Industry: Technology Services Packaged Software DLO
Position Proposed: BUY
FOMO BUY ENTRY: NOT READY (48.88)
NEXT BUY ENTRY: (41.53)
1st Partial Take Profit: 53.70 (August 2021)
2nd Partial Take Profit: 65.10 (August 2021)
Stop Loss: 33.25
Technical Analysis
1. Bullish Flag Pattern
2. 1st Partial Take Profit is at structure level
3 2nd Partial Take Profit is at Fibonacci Extension Level 1.0
4. 2nd Partial Take Profit is at full pole length of Bullish Flag
5. Stochastic Overbought soon
TSLA UPDATE!! POTENTIAL FALL TO 497.00 BEFORE A BUY/LONG TO >800BUY ENTRY FOR TSLA: 497.00 (EAR SEP 2021)
NOTE: MARKET MAY TEST UP TO 763.70 BEFORE RETESTING TO BUY ENTRY LEVELS. (THERE IS A FALLING WEDGE IN 30M)
THE EARLIEST POTENTIAL TAKE PROFIT AFTER BE: 801.05 (OCT-NOV 2021)
TECHNICAL ANALYSIS:
1) Flagpole + Rising wedge to push the market back down to Buy Entry levels.
2) Larger Flagpole + Falling Wedge now forming to Bottom Half of the channel.
3) Buy Entry-Level coincides with the Price Range of the Flagpole+RIsing Wedge and the key support structures.
JSWSteel - ready to breakoutHello Friends,
I am posting after couple of years :). Due to personal work, I didnot concentrate on trading.
Well, here I am.
With stock ideas. Soon, will post Crypto Ideas as well.
JSWSteel, it broke the triangle patter few days back. Now trading at 750 ranges testing the ATH.
Now, seems the selling pressure as been reduced and we are at the last push. A dip to 730 rs, can help the stock to gain the strength and make new ATH.
This scenario would complete a Cup and handle pattern. One can watch this and trade the breakout.
I am just sharing my analysis, you own your money. So, when you trade please manage your risk.
HUSN Merger Partner Lends A HandThe ink isn't dry yet but proposed merger partner Fr8Hub is lending a helping hand thanks to reporting strong growth for 3 and 6-month operating results.
Second-quarter of 2021 revenues were approximately $5.9 million, up 394% compared to approximately $1.2 million in the prior-year period. Revenues for the six-month period ended June 30, 2021, were approximately $10.7 million, up 294% compared to approximately $2.7 million for the prior-year period.
Levels: Plotting the retracement using September's low, some interesting levels started to present themself. The 618 level has continued as support for weeks/months now then higher levels you can see that the 382 area is a key level too. it's been a constant point of resistance that HUSN has been denied at many times. Now that it's broken above this during premarket on 8/5, the logical next level would be the 236 right? In my opinion, it could be important to see where the next level of support sets up...will it test and bounce back from the 382 level or is this a clear shot to the 236?
" Cloud technology, IoT, AI, and AR have all become hot topics among investors. Emphasizing the potential of this pending merger, this month, Hudson announced that FreightHub reported preliminary Q1 revenue of $4.8M. This was a year-over-year increase of 216% and a quarterly record for the company.
'We have started 2021 off strong, with enhancements to our technology platform and increased sales force driving the record sales for 1Q21 and the launch of our Fr8Hub University,' FreightHub CEO Javier Selgas commented. Furthermore, with digital technology as a backbone to the Fr8Hub platform, the HUSN stock price saw a strong spark... "
Now we wait to see if this merger finalizes or not.
Quote Source & Read More: Hot Penny Stocks To Buy Next Week? 3 Tech Stocks For Your Watch List
No PLYA'n Around After EarningsPLYA was a company we discussed late last year before it left penny stock range. Interesting company and idea as a Vice stock that could benefit from reopening:
"Rarely might you expect hotels to be on the list of vice stocks to watch. But think about it. What better way to enjoy a vice than at an all-inclusive resort? Playa Hotels & Resorts has a “sinful” side to it. The company’s adults-only brands like Hyatt Zilara, The Hilton Playa del Carmen, and Sanctuary offer a unique experience to their customers. From unlimited drinks to even offering a “Romance Concierge,” Playa could fit the mold for sin stocks to watch.
What To Watch With Playa
The company has been going through its own reopening following coronavirus restrictions. Earlier this month, the company reopened the Hilton La Romana all-inclusive adult and family resorts in the Dominican Republic. It also resumed normal operations at its Yucatán resorts..."
Quote Source & Read More: What Are The Best Penny Stocks To Watch Now? 4 Vice Stocks To Know
This week PLYA released Q2 results:
Three Months Ended June 30, 2021 Results
Net Loss was $7.8 million compared to a Net Loss of $87.5 million in 2020.
Adjusted Net Loss(1) was $9.6 million compared to an Adjusted Net Loss of $60.3 million in 2020.
Owned Resort EBITDA increased 234.9% versus 2020 to $32.1 million.
Adjusted EBITDA increased 172.9% versus 2020 to $22.9 million .
Six Months Ended June 30, 2021 Results
Net Loss was $77.5 million compared to a Net Loss of $110.0 million in 2020.
Adjusted Net Loss(1) was $60.5 million compared to an Adjusted Net Loss of $58.9 million in 2020.
Owned Resort EBITDA increased 4.8% versus 2020 to $38.6 million.
Adjusted EBITDA increased 7.9% versus 2020 to $20.4 million.
While the fib levels have shown different levels of support/resistance, the 200DMA is clearly a more important level. It was tested and thanks to a news catalyst, PLYA was able to bounce off and get back above the key Fib level (for now).
AMC HopiumHere is my longterm Elliot Waves count for AMC. We are at the bottom probably and we should see prices above $100 if this is true.
DropBox (DBX): Can DROP From The Current LevelsTraders, Dropbox (DX) can fall from the current levels as it has reached an FCP zone and is forming a wedge as well. However there is an inverse head and shoulders pattern which can play out in the longer term. A break out above the this zone can take Dropbox to the next FCP zone above.
Rules:
1. Never trade too much
2. Never trade without a confirmation
3. Never rely on signals, do your own analysis and research too
✅ If you found this idea useful, hit the like button, subscribe and share it in other trading forums.
✅ Follow me for future ideas, trade set ups and the updates of this analysis
✅ Don't hesitate to share your ideas, comments, opinions and questions.
Take care and trade well
-Vik
____________________________________________________
📌 DISCLAIMER
The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of education only.
Not a financial advice or signal. Please make your own independent investment decisions.
____________________________________________________
PFE (PFIZER) At A crucial Breakout LevelTraders, PFE (PFIZER) has risen to the a crucial level. Watch out for the move down. However a breakout above from this level can take this to 49/50 price and even higher.
Rules:
1. Never trade too much
2. Never trade without a confirmation
3. Never rely on signals, do your own analysis and research too
✅ If you found this idea useful, hit the like button, subscribe and share it in other trading forums.
✅ Follow me for future ideas, trade set ups and the updates of this analysis
✅ Don't hesitate to share your ideas, comments, opinions and questions.
Take care and trade well
-Vik
____________________________________________________
📌 DISCLAIMER
The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of education only.
Not a financial advice or signal. Please make your own independent investment decisions.
____________________________________________________
AHPI In the SkyAHPI continues testing this 382 fib level and with more delta variant to go around, related stocks are gaining some nice sympathy momentum. But is it enough to get it up and over the "hump" so to speak. This same 382 level was a higher traffic area of support last July and August with upper resistance being around the 236 fib level. Something interesting to look at is the 50 fib level that was an intermediary level of resistance earlier this year. Will that ultimately present the next "real support" or can AHPI establish itself above 382 with it acting as the "new support" area? A lot of this might have to do with covid cases, market momo, and the company avoiding dilutive events. But something to keep a close eye on is the daily volume. It's much lower on August 2nd compared to the last day of July, though it is still relatively higher compared to the last month or so of trading so the verdict is still up in the air as far as that's concerned.
"I n a similar fashion to MTSL, Allied Healthcare Products (AHPI Stock Report) shares have experienced their own bout of trading volatility over the past week. While we’re seeing a stock market crash on Monday, AHPI shares climbed over 40% during the session. This is another instance where there are no headlines to point at, but momentum is kicking things into high gear...With an uptick in virus cases, some companies are gaining steam. Allied Healthcare manufactures a number of products geared toward addressing respiratory issues. Given the rise in coronavirus cases, companies dealing with respiratory issues may have garnered some sympathy sentiment in the stock market today. "
Quote Source: This Is Why Stocks Are Down Today
US30 Hourly Pulls Back to SupportThe US30, FXCM’s DJI CFD, is in the bullish area on the daily chart on the left. We note that the hourly has pulled back to support (green shaded area). If price bounces from here, a bullish cross of EMAs and stochastic potentially align short-term traders with the daily. If signals occur, movement of stochastic to 80 level, and maintenance of that level, increases the chance of a successful trade. Trend following indicators may be useful in this case as a potential exit tool. Stop under hourly support in conjunction with risk management techniques. Please note if holding overnight, rollover charges may apply .
NTEC Trying ....AGAINNTEC trying to break and hold above this 786 fib level ....AGAIN. It was a previous area of support leading up to the last sell-off but since breaking below it has remained a sticky level of resistance.
"Aside from the cannabis directive, the company has also built a stronger pipeline for things like cancer. In fact, late last month, a patent abstract from Decoy surfaced. It showed that this was for Decoy’s “Compositions and methods for treatment of cancer using bacteria’ and that the patent was granted. With the latest proposed merger seemingly coming to fruition, this additional piece could give the company more exposure to the mounting cancer trend in the market recently. Shares have catapulted to highs of $17.80 during the week."
Read More about this Decoy/Intec Deal: 3 Biotech Penny Stocks To Watch On Robinhood IPO Day
ABIO Caught Between Two FibsOn this episode of "Between Two Fibs" ABIO once again tested the 618 line plotted after using the recent low as the anchor. This has been a failure point 2 other times in the last few weeks but with a little more afternoon momentum, it will be interesting to see if it can break and hold above it. Other than that, the 786 fib appeared to have acted as lower support a few times prior to gapping down recently. With today's big swing, that could be another key level for ABIO to hold at or above.
See More: 3 Biotech Penny Stocks To Watch On Robinhood IPO Day
AMZN Charts Lower Peak on Daily Ahead of QuarteliesThe above chart shows the daily time frame for AMZN. Price action has charted a lower peak ahead of the company’s quarterly release. It seems it's at a tipping point in the short term. If price continues lower along the broken red line trajectory a lower trough will chart. This will put the company into a downtrend on the daily. The second possibility is that price locks in a higher trough near current levels and then moves higher along the broken green line trajectory. This will result in a higher trough followed by a higher peak, which is defined uptrend on the daily. Forward guidance will play a role here (we have already seen FB indicate a likely slowdown of revenue during the second half, which has alarmed)
Spotify (SPOT) Stock. A Lot Of Buy Signals On D1.Spotify (SPOT),D1: Support level + Bollinger bands + Hammer + Volume + Oversold + Discout
FXCM's US.ECOMM Basket Dips on Hourly But Daily Bullish PositionFXCM's US ECOMM Basket is made up of ETSY, W, SHOP, WMT, EBAY, and AMZN. Its daily price is in the bullish area on the left. The hourly stochastic has crossed bullishly but the EMAs are yet to trigger upwards. If they do, it potentially signals that short-term traders have aligned themselves with the daily timeframe. A movement of stochastic to the 80 level and maintenance of that level (blue arrow) increases the chance of a successful trade. Trend following indicators may be useful in this case as a potential exit tool. Stop under hourly support in conjunction with risk management techniques.
FXCM's BioTech Basket Short-Term Pullback in Daily StrengthFXCM's BIOTECH basket is in the bullish area on the daily chart on the left. The basket is made up of equal weighting of 2% each in ABBV, AMGN, GILD, CELG and VRTX. A bullish cross of EMAs and stochastic potentially align short-term traders with the daily. If signals occur, movement of stochastic to 80 level and maintenance of that level increase chance of a successful trade in terms of 4 point pattern (red 1234). Trend following indicators may be useful in this case as a potential exit tool. Stop under hourly support in conjunction with risk management techniques.
IMV back at key technical levelIMV surged during late trading on 7/23 with post market action taking it to highs of $3 and ultimately settling back around $2.65. There are a few areas to follow that appeared on the chart after plotting some fibs and looking for s/r areas. First, the aftermarket price lines up with a very consistent level of support/resistance between last May and present day. You've also got the 200DMA, which sat around $3 on Friday and clearly was a level that put the brakes on that late session rally. Both areas will be interesting to watch at the top of the week. Further, IF it can make it through both levels , you've got the 618 & 50 fib line levels to keep an eye on. In both cases, they've aced as some s/r levels in the past few months. Fundamentally, we've also got some filings to keep in mind (pennystocks.com).
Next Levels For NRXPFollowing up with the NRXP levels from earlier this month, it looks like before it reaches the 618 fib line, there's a pretty clear area of high traffic that has acted as both support and resistance over the last few months. That happens to sit right around the $28-$30 area. Aftermarket on Friday, NRXP failed to hold above it and settled back down just shy of $27. With 2 big volume days on the front end of this move, it will be interesting to see if this same area will act as resistance or if NRXP can firmly push back above it to possibly test the 618 fib level. Also, the 200DMA may be an interesting technical trend line to follow to see if it ultimately acts as a new support for the stock.
"According to the company, 'In the recently-completed phase 2b/3 trial, patients treated with placebo experienced a statistically significant elevation in interleukin 6 (IL-6) cytokine levels, whereas those treated with ZYESAMI™ had a minimal increase in IL-6. Change in cytokine level was a prespecified endpoint of the study.'...The data were submitted to the FDA as a supplement to its pending Emergency Use Authorization application. The company has also planned on submitting a biomarker letter of intent to the FDA. NRX has explained that cytokine release syndrome or “cytokine storm” has been related to mortality in a number of conditions including Acute Respiratory Distress Syndrome. Since these data also have to do with a pending EUA application for ZYESAMI, Wednesday’s further details may be something to keep mindful of heading into the week."
Quote Source: Small-Cap Stocks To Watch After CYTK Sheds Spotlight On Biotech
NAOV Levels For MondayTaking a look at NAOV trading activity on Friday shows post-market action took the stock back up toward the 236 fib line from a retracement using 2019's highs of around 4.50. NAOV hit 3.61 around 6PM ET then got slammed lower, back down below the 382 fib line by the final bell. since that sits right around $3 that could be an important level to monitor if you're looking at NAOV heading into the week. This Fib level was also a previous area of resistance in Late 2019 and early 2021.
Something else to keep in mind is the upcoming proxy vote where the company will look to increase its authorized share count to 40 million. Either way, after such a huge parabolic move, it's going to be important to watch premarket action to see if NAOV can hold these levels at the start of the week.
