HCP runs to earnings on March 4th LONGHCP is a computer infrastructure company. The December earnings were a 160% beat. Given the
quicky evolving AI supertrend, the earnings might be expected to be another big beat. However,
that could be baked into the price. However, the explosive volatility of the last trading session
say otherwise. I will take a long trade here and chase this stock. I see it as pulling out of a
pullback and continuing on higher time frames.
AXTI
AXTI saw a massive pump this past week REVERSAL SHORTAXTI a penny stock in the semi-conductor supply chain business saw a great price gain this past
week going more than 65% The call options ran 2000% on Friday along. On the 15 minute chart,
I see signs it is in high overbought territory and setup for a reversal. Price fell below the longer
of the two paired Hull Moving Averages which death crossed. The price volume trend indicator
put in a massive bullish trend and then went flatline while the mass index indicator triggered
a reversal. I have closed my call options and opened put contracts costing $130 each. I have
considered that they could do 2000% a few days just as the call options did on Friday.
Fundamentally, I beleive that semi-conductors have a down week ahead, see the idea uploaed
for SOXS.
( If you wonder how i screened for and found AXTI like this idea and drop me a private
message)
Stocks To Watch This WeekThe Bull Market is strong, but many stocks are extended and sentiment seems to be bullish. This video is my watchlist. Most of these names are at or near all time highs or multi year highs. There are 15 total stocks on this list. I also included 3 stocks with potential short squeeze opportunities. Many of these have IPO'd in the last few years and still have a growth story ahead of them. Know your time frame and risk tolerance, grab a pencil and paper and jot down the names that look interesting to you and then make the trade your own. Good Luck!
Alternate Telecom Play (Materials) w/ Cyclical Trade HistoryTelecom build out in 2nd half or 2018 has been confirmed by multiple companies to be primed and heavy. First report of year is seasonally week and reflected across sector. AXT is traditionally conservative with forward looking statements, so beats are regular and plausible. New factory is almost completed and 3D Sensing capability has already been confirmed for further exploration. Technical trade up to $9 PT coincides with resistance line after price has managed to sustain within fib levels during recent periods of volatility.