HDSN - Hudson Technologies, Inc.Had breakout on Friday. Noticeable volume on the shortened trading day. Don't mind buying around the Friday highs, prefer a small pullback maybe into the $11 area. Stops 2-3% below Friday's low.
Market environment is still making me want to realize quick gains, raise stops quickly.
Small cap ($500m), growth may be decelerating but still low valuation (6.8 f.p/e)
HDSN
HDSN heading on up $14.00HDSN is showing a classic bull formation for upside.
We have a Double Bottom accompanies by 7>21>200 Moving Averages.
Right now we are seeing a retest to the 21MA which hopefully it gets its catalyst for further upside.
I don't like how the breakout was treated, but the system is the system and the long is activated.
Buy HDSN Technology Strong Fundamental
the company's still-low valuation multiples;
longer-term EPS growth because of HFCs account for the majority of F-gas emissions
California Bans Climate-Warming HFCs in New Air-Conditioning and Refrigeration and it's posibile to be extended to other state
Very Good Rankings compared to peers ( DXP , KRT, ALTG ). Number 2 in Industry
Very Good price
Good results of the second quarter of 2022 => management Increase Guidance
Risk is recession
Technically the price will face a Major resistance from 22 July
I already Bought but conservative traders must wait green Volume Progression above MA and Candlestick Pattern.
Can The Burry News Help More Than It Has?GME has been beaten down most of the year. It's great to see positive news but unfortunate that they had to do fat trimming at the expense of employees. Either way, the news that Michael Burry is invested hasn't hurt (yet). We'll have to see if it has a lasting impact still. Overall, the chart looks interesting.
Video game retailer GameStop Corp. (GME Stock Report) has been in the middle of an impressive rally since last week. This has been due to two major factors. First, it announced that it is going to lay off as many as 120 workers as part of a cost-cutting process. This actually proved to be a huge positive. We reported on this last week in the article, “ 2 Penny Stocks Trying To Bounce Back In August .”
However, later on, ace investor Michael Burry told Barron’s that he is bullish on GameStop and owns as many as 3 million shares at the time. He stated that as many as 90% of the stores owned by the company are cash flow positive and he believes that the market has not valued the stock fairly. If you don’t know Michael Burry, watch the movie, “The Big Short,” and I think you’ll be surprised. Over the course of the past week, GME stock rose by 20%. However, don’t forget that the stock is still down over 70% year-to-date.
From PennyStocks.com - 3 Penny Stocks Catching Investors’ Attention This Week
Whats Going On Here?Hello Traders! This stock came up today as a big initial runner, I didn't find any meaningful news on this stock please comment below if i'm wrong on that. But looking at the technical's they look strong for a potential continuation tomorrow, so ill be watching. For the uptrend to continue we will need to see a break and re-test of the 0.64 level. That would give us the best opportunity to enter for bullish play. For the shorts, the main level we will be watching 0.55 , as a break and re-test below there as it would break the current structure. Make sure to set your alerts! And good luck! Dont forget to LIKE and FOLLOW for more! Find my video analysis on youtube! Have a great rest of your day!