ZURA a med tech microcap with catalysts LONGZURA a penny stock has catalysts- an FDA action is soon upcoming and an insider bought a lot
more shares. The 120-minute chart shows a solid trend up since earnings March 28th. This
pre-revenue company beat earnings with less cash burn than expected. Another earnings
report is about a month away. Price has settled to the support of the longest EMA line.
I see an opportunity here for a long trade toward the earnings in a month. The longer black RSI
line above the 50 level while the shorter green line shows the oversold undervalued condition
for an entry.
Emacloudstrategy
UROY Swing Trade Recap Volume Profile Analysis LONGUROY on a 15-minute chart with the volume profile and the EMA cloud as the indicators
demonstrates a one-week-long swing trade. Both stock shares and inexpensive call contracts
were traded. The stock trade profit was 30% over five trading days ( MLK Holiday ignored).
Options dramatically more profit for the expiration of 1/19th. The analysis, setup and
trade management occupied about 5 minutes per day as assisted by typical alerts and
notifications on the indicators as per TV.
The options contracts were closed as they were expiring later that Friday afternoon. The stock
position could have continued over a closed market weekend but I opted to close the
the entire position of stock simultaneously with the options.
This idea demonstrates the utility of the volume profile in this case applied to a penny stock
the hot uranium subsector within the energy sector at large. See also my other ideas on UROY
and also UEC.
The profits here will be used to take another long call option for UROY striking $ 5.00
for January 2025 sith some change left over for the next re-entry.