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SXTC

SXTC GOING CRAZY!! Shorts trapped!!!!!!So this is the name of the game for short squeezes… I’ve been scoping SXTC 2 months ago and I noticed the massive short float percentage which was at 23% now the short float % is at 5% bc those shorts are getting covered it's only a matter of time for SNDL AND QS TO pop so hold patiently when your playing short squeezes A few key things to look for in this set up: -bull flag pattern - massive consolidation which will lead this to squeeze harder and trap shorts for a higher move -Above 2.30s is our conformation for the breakout - Now take profit when necessary look for signs of reversal for a safe exit PT 1 = 2.60 PT 2 = 3.49 PT 3 = 5.16
NASDAQ:SXTCLong
by Ubaidy100
SXTC back at an interesting level againSXTC had a big pop on 7/16 that took it up and through its 786 fib line. After doing a retracement using last September's lows, this level has shown to be an important pivot over the last few months. Late last year it was resistance in December and heading into the new year. Earlier on this year, it was broken through with the 618 fib becoming a very high traffic area that ultimately was support as SXTC broke out to over $5. The 618 level was a brief area of support in February that ultimately turned into resistance during the following months. If you take a look at where SXTC traded after there, the 786 area once again became a pivot area. Now that it's back above it with higher volume, it will be interesting to see if the 786 fib can establish itself as a new support or if this is just another headfake leading to another breakdown. "Based in China, SXTC is a pharmaceutical company developing traditional Chinese medicines. It manufactures, markets, and sells these products domestically, and is one of the only companies producing these types of compounds. The most recent news from China SXT came a few months ago when it announced a 4-1 reverse shares split. Since then however, not much news has come from the company. So while today’s gain may be inexplicable with press releases, we could attribute it to SXTX’s placement as a meme stock. This means that it is frequently discussed on social media sites such as Reddit and Twitter. While this does make it highly volatile, it also adds potential for large gains (and losses)" Quote Source: 4 High Volume Penny Stocks to Watch in July 2021
NASDAQ:SXTC
by PennyStocks101
SXTC - China Pharm - Daily Squeeze - Momentum Shift?All, This one is clearly a falling wedge with some other smaller plays built inside it. The question of falling wedges is always the same. Where is the bottom of the wedge. It looks to be a bottoming pattern. What I really life the squeeze possibly shifting to positive momentum and we can monitor the volume and see what happens. It may not break now.. I think maybe the ideal entry would be .35 unless it breaks. Keep an eye out.
NASDAQ:SXTCLong
by DigitalData