MNMD Biotech Penny Stock SHORT SETUPNASDAQ:MNMD
Yj
This stock had a quick response to good earnings and
it is now at resistance with the RSI swing indicator
printing a Sell Signal.
The MACD, a lagging indicator, shows the signal
above the histogram without a K / D cross
not yet started.
I would like to take a short trade setting a stop loss
above the resistance zone and targeting 10%
to the POC line of the volume profile sitting above
the support zone.
Please comment and offer your opinion.
3
Penny
LXRX PENNY BIOTECH SHORT SETUPNASDAQ:LXRX
LXRX has gained over 100% in the past month
However it appears to be forming a double top
in a potential short trade setup on the two hour chart.
The K/D crossover on the hot RSI oscillator provides
confirmation.
Short Sale Volume is rising in the past two days.
Findamentals - LXRX has a new medication for heart failure
a common medical problem with a massive market
It recently launched a public offering to raise capital
to fund general operations and in doing so
diluted the share holders. The good news is
it is unlikely to do another in the near term.
An entry would be at the current price with a stop loss
above the highest volume bar on the profile.
The first target is the POC of the volume profile
about a 15% price drop . The second target is
the pivot low on August 1st for another 15% drop.
Taking of 1/2 at each target yields an expected
23% return over a period of about 5 trading days
since drops are faster than rises.
The call options of mid September have low volumes
so I will not consider them.
Brightcom Group Ltd Penny Investment companyCompnay has th ree major divisions viz., media (Ad-Tech and digital marketing), software services and future technologies like AI.
Company is almost debt free.
Company is expected to give good quarter
However promoter holding has decreased over last quarter and overall low.
Big positive : FIIs increased their holding from 1.87% to 12.15% in Mar 2022 quarter.
Seems good for long term investment around CMP 43, can add more if it comes around 20-30.
Invest small percentage of your capital, not more than 10%
Education purpose only, not a sebi registered advisor.
-Saptarish Trading
Fundamentally Good Multibagger Stocks To Invest (23/5/22)The Mentioned Stocks have the potential to become multi-baggers in a few years as they have good growth potential and good fundamentals. They are available at a cheaper valuation when compared to the market and their listed peers in their respective Sectors/Industries. It may be wise to distribute the investments into a number of stocks than a particular stock.
As most of these stocks are Small Caps/Micro Caps, they have great potential to provide returns and also offer higher risk. So it is a must to also invest in safer options like stable Largecaps/Midcaps and other instruments like Gold to bring stability to your portfolio. If you are a first time stock investor, make sure to also invest in safer stocks along with the above mentioned ones. Best Of Luck!
I have mentioned the Stocks, Their Sector, and Their Market Cap.
These Stocks were selected from portfolios of superstar investors. They were filtered using their-
EPS growth for the past 5 to 10 Years
Price/Earning Ratio
PEG Ratio
Debt Status
Price To Book Value
ROE%
ROCE%
Dividend Yield & Dividend Payout
Industry P/E, P/ BV
Comparison of Other Companies in Their Sector Or Industry.
Stocks in Green are good growing and fundamentally strong stocks.
Lincoln Pharma, Gravita India, Hinduja Global, Jindal Polyfilms.
Stocks in Yellow have less growth record but are fundamentally sound stocks.
Sharda Cropchem, Aarvi Encon, Vippy Spinpro, Sarda Energy.
This Stock in Red is a bit overvalued but cheaper in its sector and may offer good growth potential. But this is not a value stock and has higher risk involved.
Thejo Engineering.
Note:
These are my personal view and only for educational purposes, Not Responsible For P&L. DYOR Before Investing.
#JAGX Price breaking wedge at apex level with huge volumes!🔥GO!Hi All, my main 3 take-outs from this analysis are the following:
1- Price brke the descending wedge at apical level with huge volumes. The movement was quite predictable as the prices were compressing more and more at the apex
2- My long term targets stays at around 6$-7$, as result of the wedge height projection and the breakout point
3- RSI indicating momentum approaching 50 level and pointing upward. Retracements are possible, but in the long term I am strongly bullish on Jaguar
Not a financial advice, just personal opinion. Do your own due diligence and good luck!
BEST - MACD bullish divergence and channel breakout!Hi Guys,
BEST broke an almost 2-years down trend channel (started on January 21st 2020) on September 2021, with huge weekly volumes. The price target for this technical pattern is 3$, which is also the 0.382 Fibo level of the downtrend leg which started also in Jan 2020.
In addition to this, MACD on the weekly chart is showing a huge bullish divergence which makes pretty realistic an inversion in the upcoming weeks.
Please also note that the price action is now consolidating in a symmetric triangle and forming a right shoulder.
Not a financial advice, just personal opinion. Do your own due diligence and good luck!
$SRAX: Still A Chance For Growth Stocks?$SRAX is a unique company with technology that aims to bring transparency to markets, the Russell 2000 has been strong lately but will it be sustained in a potential rising rate environment? Or can SRAX over come it all as it aims to turn a profit? Time will tell
$HYLN - Hyliion Holdings Corps. Investment idea 💡 $HYLN popping up soon, here are the targets..
⚠️ - This idea is based on my technical analysis only. Do your research and trade on your own risk!
Wisa (Penny stock play)Penny stock play!!!!
If we can see this stock hovering above $4 . We can aim for a target profit of $4.85. Please do take note that penny stock play has a risk , do play with your comfortable position. However , if the price drop below $3.7 i will discard this penny play..
Feel free to post any comment/question or any idea that you wish to share. I am more than willingly to reply you back :)
1) Please click on my profile to follow me , if you think my ideas do help you or provide you with another insight
Quotes "The key to trading success is emotional discipline"
$AVGR can rise in the next daysContextual immersion trading strategy idea.
Avinger, Inc., a commercial-stage medical device company, designs, manufactures, and sells a suite of image-guided and catheter-based systems used by physicians to treat patients with peripheral arterial disease (PAD) in the United States and Europe.
The demand for shares of the company looks higher than the supply.
This and other conditions can cause a rise in the share price in the next days.
So I opened a long position from $1.39;
stop-loss — $1.18.
Information about take-profits will be later.
Do not view this idea as a recommendation for trading or investing. It is published only to introduce my own vision.
Always do your own analysis before making deals. When you use any materials, do not rely on blind trust.
You should remember that isolated deals do not give systematic profit, so trade/invest using a developed strategy.
If you like my content, you can subscribe to the news and receive my fresh ideas.
Thanks for being with me!
$IFBD can rise in the next daysContextual immersion trading strategy idea.
Infobird Co., Ltd operates as a software-as-a-service (SaaS) provider of artificial intelligence (AI) enabled customer engagement solutions in the People's Republic of China.
The demand for shares of the company looks higher than the supply.
This and other conditions can cause a rise in the share price in the next days.
So I opened a long position from $5.07;
stop-loss — $3.87.
Information about take-profits will be later.
Do not view this idea as a recommendation for trading or investing. It is published only to introduce my own vision.
Always do your own analysis before making deals. When you use any materials, do not rely on blind trust.
You should remember that isolated deals do not give systematic profit, so trade/invest using a developed strategy.
If you like my content, you can subscribe to the news and receive my fresh ideas.
Thanks for being with me!
$ITRM can rise in the next daysContextual immersion trading strategy idea.
Iterum Therapeutics plc, a clinical-stage pharmaceutical company, engages in developing anti-infectives for multi-drug resistant pathogens in Ireland and the United States.
The demand for shares of the company looks higher than the supply.
This and other conditions can cause a rise in the share price in the next days.
So I opened a long position from $2.37;
stop-loss — $2.10.
Information about take-profits will be later.
Do not view this idea as a recommendation for trading or investing. It is published only to introduce my own vision.
Always do your own analysis before making deals. When you use any materials, do not rely on blind trust.
You should remember that isolated deals do not give systematic profit, so trade/invest using a developed strategy.
If you like my content, you can subscribe to the news and receive my fresh ideas.
Thanks for being with me!
$DARE can rise in the next daysContextual immersion trading strategy idea.
Dare Bioscience, Inc., a clinical-stage biopharmaceutical company, focuses on developing and marketing products for women's health in the United States.
The demand for shares of the company looks higher than the supply.
This and other conditions can cause a rise in the share price in the next days.
So I opened a long position from $1.68;
stop-loss — $1.53.
Information about take-profits will be later.
Do not view this idea as a recommendation for trading or investing. It is published only to introduce my own vision.
Always do your own analysis before making deals. When you use any materials, do not rely on blind trust.
You should remember that isolated deals do not give systematic profit, so trade/invest using a developed strategy.
If you like my content, you can subscribe to the news and receive my fresh ideas.
Thanks for being with me!
RED LIGHT HOLLAND micro cap. company high potentialA good micro cap Canadian company with the potantial to do dealerships with much better companies or in a variety of sectors... The news is good and we are waiting for the big boom. It is already at the psycedelic pharmacy ETF and as it boomed once the previous year we are waiting to see a steady uptrend.
$TRCH can rise in the next daysContextual immersion trading strategy idea.
Torchlight Energy Resources, Inc., through its subsidiaries, engages in the acquisition, exploration, exploitation, and/or development of oil and natural gas properties in the United States.
The demand for shares of the company looks higher than the supply.
This and other conditions can cause a rise in the share price in the next days.
So I opened a long position from $5.99;
stop-loss — $4.91.
Information about take-profits will be later.
Do not view this idea as a recommendation for trading or investing. It is published only to introduce my own vision.
Always do your own analysis before making deals. When you use any materials, do not rely on blind trust.
You should remember that isolated deals do not give systematic profit, so trade/invest using a developed strategy.
If you like my content, you can subscribe to the news and receive my fresh ideas.
Thanks for being with me!
$APTX can rise in the next daysContextual immersion trading strategy idea.
Aptinyx Inc., a clinical-stage biopharmaceutical company, focuses on the discovery, development, and commercialization of novel, proprietary, and synthetic small molecules for the treatment of brain and nervous system disorders.
The demand for shares of the company looks higher than the supply.
This and other conditions can cause a rise in the share price in the next days.
So I opened a long position from $3.21;
stop-loss — $2.76.
Information about take-profits will be later.
Do not view this idea as a recommendation for trading or investing. It is published only to introduce my own vision.
Always do your own analysis before making deals. When you use any materials, do not rely on blind trust.
You should remember that isolated deals do not give systematic profit, so trade/invest using a developed strategy.
If you like my content, you can subscribe to the news and receive my fresh ideas.
Thanks for being with me!