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PENN - trade idea PENN is another stock being added to the SP500. short term looks like we can see a pull back. As can be seen the chart is all over the place but its been choppy the past few weeks. Im expecting some short term downside but the longer timelines show bullish sentiment in my opinion. I expect a pull back slightly this week with longer term upside, I would estimate that PENN will pull back to the 0.5 level (118.86) and then turning around to continue higher. Short term meaning one-two hour charts. Always do your own analysis prior to taking any trade this is for educational purposes and not investment advice.
NASDAQ:PENNShort
by skmcgee
VISL chillin in historic channel, where will it break?Will we finally see VISL break up and out of this channel? It's been a relatively consistent area of support/resistance. With several potential catalysts to consider here (5G, general broadcast, telecom, esports) it will be interesting to see if these tailwinds act as a stronger catalyst. "While it will likely focus on some as it relates to 5G penny stocks, esports could be another facet to consider. If you sift through some of the company’s blog posts, you’ll notice that Vislink’s partner, NEP Sweden, covered the “BLAST Premier Spring Series” last year. This is an international esports event featuring the world’s top esports teams competing in the first-person shooter game series Counter-Strike...NEP filmed the event using Vislink’s HCAMs feeding into a ULRX-LD all controlled by Vislink’s FocalPoint Camera Control System. While no further esports-related updates have come about from the company, a surge in the excitement surrounding esports could be something to take note of." Quote Source: Hot Penny Stocks To Buy Now? 4 To Watch After Roblox (RBLX) IPO
NASDAQ:VISL
by PennyStocks101
TSLA possible long position The powerhouse of stock, TSLA, has been getting hit hard giving a great opportunity to buy on sale. currently we can see that its in a pennant on the 1 HR and but decreasing TTM_Squeeze and possibly a bearish cross on the the MACD. Given that the market seems to want to continue upward I think Tesla will help push it. Waiting to see how tomorrow moves, If it fails to break upwards I think we retest 550. Always do your own analysis prior to taking a position. Let me know your thoughts
NASDAQ:TSLALong
by skmcgee
2
NIO Bounce? Nio. along with most tech and EV stocks has aggressively sold off over the last month. But is the selling really over or was this a dead cat bounce? I for one hope for the former. Here is what I am looking for in Nio from a technical standpoint: - Bounce off the $31.86 level with candle close just below the 180 EMA (Happened) - Green Candle break above $38.59 level with candle close above 180 EMA (Happened) - Green candle close above $42.76 (38.2% fib level) - Consolidation of candle bodies between $42.76 (38.2% retracement) and $46.12 (50% retracement) with buying pressure pushing price into $46.12 (50% retracement) - $49.49 (61.8% retracement level). - Price crossing over 20 EMA and hold as support - 20 EMA crossing over 50 EMA with heavy volume I have an open position in NIO with $37.80 avg and I plan to add to my position with a 50% retracement break and hold. I will also add more to my position when price breaks above the 20 EMA and retests as support. The last addition to my position will be if the 20 EMA crosses over the 50 EMA.
NYSE:NIOLong
by madisonsoun97
2
EARS Long Swing-Trade IdeaThe rising reverse wedge pattern highlights common lower support and higher resistance trend. A pattern has emerged where the price appears to spike on/around the 9th and 21st of the month and the price seems to rise up to the next level of the fibonacci retracement (Support/Resistance). I would consider taking a long position at the $3.50 level for a potential move up to $6.00 by 22/Mar/2021. The fibonacci retracement levels are derived from a previous high volume price spike event that occurred on 1/Dec/2020 wherein the highest concentration of volume occurred at the $5.14 - 5.61 price range. It is probable that a high number of investors are locked in within that price range and may induce more sellers at these levels, thus there will be significant resistance to pass through that price range on the next spike. $6.00 is possible, but $5.50 may be a more realistic price target due to resistance. I currently have no position in EARS, so this is just my unbiased opinion based on previous stock performance.
ELong
by khollspati
3