Fib retrace on SPY. Hopefully this doesn't happen, but if it does then there's another pullback that's going to happen later this week or early next.
NYSE:NIO NIO's been in an ascending channel for the last month. It's currently testing the lower trendline. If it holds and we get upward movement, we can test $51 soon. Things to look out for: 1. The MACD just crossed, so we will need to be mindful of this. We'll need to see a cross upward by EOD tomorrow. 2. RSI is pretty joocy right now in the 50s. If...
On the 4H, we see a break out of the descending triangle. Also, seeing the MACD about to cross. What I'm worried about is the RSI is heading to the overbought zone. Possible move to $180? I'm watching to see what happens. NASDAQ:PTON Still learning. Feedback welcomed.
NASDAQ:BLNK Just messing around here. I think this is about to unplug and move. We got some strong news from the reseller agreement with Ballantyne. The charts also show some good support at the SMA50. MACD moving to cross. I'm getting in for a taste. If we can get some good volume and that MACD to cross in the next few days, I think we'll test ATH at...
NASDAQ:AQB Hit our first profit target of $12. I think the WSB stonks have been a distraction and has put FUD into the market. For AQB, we need to find support at the SMA50, while watching the RSI. If we can consolidate here and get a cross on the MACD, I see another run up to $15 - $17 in the near future. Target #1 - $15. Target #2 - $17. Thoughts? LFG!
OTC:NMGRF This is not advice, but looking at the charts, it seems like NMGRF moved up a leg and is now trying to find support. The company has exciting aspirations for 2021. If they can build on this momentum, this stock can go parabolic. I have a small position so will hold through 2021 and will add more if it makes sense. For a short term play, my next...
NASDAQ:AQB AQB just raised some money through a public offering. $6.50 per share. www.globenewswire.com It didn't seem to be a lot, which is good and bad news. Bad news is people started to react and took profits. Good news - high chance of another offering in the future, where they more than likely are anticipating a higher $$ per share. Based on action...
NASDAQ:NNDM NASDAQ:NNDM NASDAQ:NNDM NNDM has been on a tear. It hit $10 and then started to pull back. Based on RSI and MACD, it looks like it's in overbought territory. Looking at historical trends, a correction here to $8 seems reasonable. If there's support at $8, I can see this shooting back up. Profit target #1 - $12. Profit target #2 - $15. LFG!