Nio has been tanking lately, but this shouldn't be a reason for long-term investors to sell. Don't get scared, Nio will go up eventually. This mini tech crash should wear off soon.
DoorDash shares broke support yesterday and formed a hammer candle, which means they may see a good upside soon. The RSI and MACD indicators both look pretty solid on this stock as well. The markets are bleeding today, but I still think DASH looks bullish. Good Luck!
Luminar Tech shares broke the bottom of the wedge they have been forming today, falling over 7%. In doing this, they found support. They also are resting on the bottom of the RSI, another bullish sign. Expect a bounce soon as they rise back up into the wedge. I still think a breakout is coming, maybe around the 5th or so. Good Luck!
LMND has hit the support zone again, so I think it could swing back up to $170 soon. This stock is also likely to break out in the next month (breakout wedge forming), so now is a great entry point if you are watching for that. LMND is also a great long-term, I think it could push all the way to $300 this year. Good Luck!
This stock grew from 30 cents to $10 in the past months, and each time it broke out it formed some sort of wedge formation. It now is forming another wedge, which could mean that it could break out again. I am doubtful it will go past $17 again, but I think it may see that zone again soon. I am holding right now, and I am planning on selling in two weeks or...
You guys know I love biotechs with press releases coming up. I also like to wait to enter until the charts look bullish. Aquestive Therapeutics fell from $8 to $4 in September 2020, and I think they could pull back eventually, regardless of press releases. Now that they have an approval coming up on the second, I expect them to perform phenomenally for the rest of...
Nio Inc shares saw massive growth in 2020, starting out at around $3 in January and pushing all the way to $50 in December, almost 2,000%. I think this "Chinese Tesla" is merely at the beginning of a massive uptrend. EV stocks are already some of the best-performing stocks on the market right now, and Nio is definitely the best of them in my opinion. The Chinese...
Lemonade shares have formed a pretty decent looking wedge here, and they hit the bottom of that wedge today. They are an excellent long term investment, and I think now could be a very good entry point. I think they could hit $320 by the end of the year. Good Luck!
Eli Lilly has two press releases coming up next month, and considering the stability of this company, this could probably the easiest 10-20% you've ever made. The first press release is a phase 2 trial update for their drug, Donanemab (TRAILBLAZER-ALZ) for Alzheimer's. The second release is a meeting to schedule a PDUFA approval on the 24th. I will be selling...
Tesla has been using lithium batteries like crazy, and that could mean that they will start needing to purchase more lithium. They are currently in a deal with a Chinese company for this, but If they start needing more (which they will), they will have to start buying from smaller companies like Lithium Americas. They are quite a safe investment, a stable company...
After soaring over 400% in December, Luminar Tech shares have consolidated and I think this means another breakout is coming. I was slightly disappointed when they formed a beautiful bullish flag and they did nothing, but I haven't given up on them yet. They are forming another wedge and they may break out soon. Also, the MACD indicator looks pretty golden. Hold...
CVM has an update coming up on their drug for head and neck cancer, Multikine. This alone tells you that this is a good stock to own in March. The fact that they are forming a bullish flag formation already is a little surprising, but I will definitely enter this week. Look to hold throughout March and watch out for the press release. Good luck!
Expect Crowdstrike Holdings Shares to fall this week. They have pushed back up into the bearish zone and that means they are likely to fall soon. They are at the top of the RSI and the MACD appears bearish as well. They are still a great long-term investment, but they do not look good for the short term.
After growing from $20 to $50 in less than two weeks, Niu has been consolidating and is ready for a breakout. Niu Tech is setting up to fall a little bit soon, but once it hits that support level, it could end up shooting up again, possibly to $70-$80. Look to get in once it starts to pull out of that support range. Good Luck!
Plug Power shares have been staying around the $65 mark for the past weeks. They are testing their support right now, and that could mean a breakout is coming. Also, it appears to be at the bottom of the RSI indicator, which is always a good sign. Good Luck!
Altice USA shares briefly broke support and now it is pushing back up through it. In the past, when it has tested this support, it has bounced back up. In addition, the MACD and RSI indicators also look extremely bullish. I think this stock is pretty much a 10% guarantee. Target sell $38. Good Luck!
We all know NIO is a stellar long term investment. The Chinese government continues to push them to make new products. However, in the past month, it has stayed in the $60 range and hasn't really made any big moves. This could mean a breakout is coming up in the next month. I am very optimistic about this one! Good Luck!
After the good update for their phase 2 cancer drug trials, I think this stock has a lot of potential. They are partnered with a HUGE pharma company, Bristol-Myers Squib, which is a very good sign. Think like the partnership between Biotech and Pfizer, except 100x better.