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Pennybreakout

$CHSN Short signal (my trading dairy)I will short trade NASDAQ:CHSN today if it started to rise after open, here is my reason: 1. Market maker sold out: the price reached the resistance level from previous high with high volumes, which means half shares of the market cap has already sold. personally, i think those sold shares belong to the market maker. 2.Negative news: SEC has ordered a suspension of trading in the company's securities on Oct 9, 2024 due to price manipulation activities. 3.Huge remained short volume Compared to the volume and daily short volume of Oct 4th, Oct 7th, and Oct 22th, we could discover there is huge remained short volume. Therefore I will short trade it tonight if it follow my expectation.
NASDAQ:CHSNShort
by xugina78
HRTX a biotech penny stock with 70% in two months LONGHRTX has been suggested by various trading websites as a potentially explosive penny biotech stock for 2024. It has experienced excellent price actions since an earnings beat in November. It beat the estimates; that is to say it burned about half as much cash as the analysts estimated the it would. Today it pumped 11%. Relevant articles can be found compiled on the Yahoo Finance page linked here. The chart is 120 minutes. A alpha trend indicator is shown and the supertrend since the November earnings is upward. An AI Lorentzian indicator is added with a 2000 candle lookback to generate buy and sell signals. It calculated a 59% win on 83 trades over those 2000 candles two hours each; this amounts to about 2000 x 2 / 6 hrs per session or more than 600 trading days = 2 1/2 years. Also supporting an entry at this time is the faster (45 min) RSI line rising over the 50 level while the slower ( 240 minutes in red) RSI line has been over the 50 level since those earnings. The ADX indicator had a DI- and DI + flip with a mini pullback to close out last week's trading ( profit taking). The volatility indicator also showed that dip with selling volatility greater than buying which has now flipped. Given that price has went 5X in 2 months , there is a possibility HRTX is overbought. Analysts seem to think otherwise. I will take a stock position here and anticipate holding the position into the next earnings. For trade management I will take partials of 5 % each at the high of day for ten days going into earnings and hold the remaining 50% through the earnings. In the meanwhile I will review the trade if the machine-learning alo indicator generates either a buy or sell signal. For those lacking the risk tolerance for money-losing biotechnology penny stocks with high potential but are aware that biotechnology is expected to be "outperforming" in 2024, XBI and LABU are ETFs with risk-mitigation in the form of a diverse portfolio from the sector.
NASDAQ:HRTXLong
by AwesomeAvani
FLMD biotechology rising post earningsFLMD had earnings in May with positive earnings beating the expectation of analysts that it would continue to lose quarter after quarter. Investors and traders have reacted with a 80% run-up in the month after those earnings. On the 30-minute chart besides the consistent uptrend with minor corrections, what stands out for me is the increasing volumes relative to volumes before the last earnings report. Off the chart, I find information that insider trading with buying more shares on top of existing holdings leads me to believe that this company expects increasing revenues and sustained earnings.
NASDAQ:LFMDLong
by AwesomeAvani
SNAX IS it ready for another explosive move?SNAX went up 5X last November after favorable earnings. It is a penny stock and inclined to volatility. The following could support another explosive move: (1) it just printed another favorable earnings report. (2) it crossed the mean anchored VWAP band (3) price is above the POC line of the volume profile and in the high volume area. (4) the RSI indicator shows relative strength crossed over 50. (5) bullish momentum is demonstrated by a green engulfing candle after several days of sideways consolidation. (6) price crossed through the basis midline of the Bollinger Bands typically considered by some to be an entry signal. As a penny stock this is a risky trade but as such is also carrying a high reward potential. I will take a long position and contribute to the bullish momentum. I plan to make at least 100% on this trade if not more. I will set a stop loss of 10% to give the volatility some room.
NASDAQ:SNAXLong
by AwesomeAvani
SNMP BUY/LONG NOW READY 0.55 to 2.95 by end 2021TICKER CODE: SNMP Company Name: Evolve Transition Infrastructure LP Industry: Energy | Oil & Gas Midstream | USA Position Proposed: BUY Technical Analysis 1. Large Inverted Head & Shoulders (Forming) 2. Falling Wedge / Pennant (Forming) 3. Fibonacci Retracement at 0.786 ( Silver Zone) 4. 1st Take Profit will be at Fibonacci Expansion Safe Take Profit and Flagpole Length 5. 2nd Take Profit would be somewhere near Key Structure Level (Very likely for price rejection/Pullback) 6. 3rd Take Profit at Inverted Head & Shoulders Breakout Take Profit Price Range of Head Entry: NOW READY (0.55-0.65) 1st Partial Take Profit: 2.14 (July-October 2021) 2nd Partial Take Profit: 2.95 (End 2021) 3rd Take Profi: 3.75 (Mid 2022)
SLong
by traderprosignals
MBOT Stock Breakout!Hi, this is my first time here I'm just a beginner in day trading on stocks and I want to share my ideas about the simple resistance/support levels strategy. Although I see a flag pattern and a nearly breakout coming specially if it won't break the 3 support levels. on the other hand if it did a touch on the down trendline with a pullback it will be a very bullish sign. Again I'm just a beginner who wants to apply what he learns, I will be appreciated if someone discussed this technical analysis with me! Thanks.
NASDAQ:MBOT
by Kuroko8
NOKIA ($NOK) gearing up for big move? 📈🚀 Penny stock breakout?$NOK is forming a rounding accumulation pattern with a bullish MACD crossover and an upward-trending RSI. The OBV (on balance volume) is also looking to break out with the same rounding accumulation pattern. From a fundamental standpoint, $NOK has actually been fairly active on the contractual front. It recently picked up a few 5G contracts from large operators like Telenet in Belgium, A1 in Austria, and Orange. It has also signed a partnership with Microsoft ($MSFT) to develop private wireless products specifically designed for enterprises. $NOK could fairly easily break to the $4.75 - $5 range fairly soon, barring an overall market retracement.
NYSE:NOKLong
by TheTravel1ngTrader
5
The Tipping PointHere's a little trade set up on another, mostly, penny stock. NASDAQ:SPWR is bouncing off the bottom of a long-running bullish channel. Within this channel, 2 symmetric triangle patterns are in development. Our price is closing in on the apex of the first symmetric triangle in a matter of days, and at the same time, we have developed Class A Hidden Bullish Divergence on our oscillators. In contrast, however, if you look at the first triangle within the larger context of the potential second triangle, what it has also formed is a partial rise, or a pattern of distribution that would indicate a 70% chance that the price action will fail to hold support at the demand line and break out of the larger symmetric triangle downward. If this comes to pass, the measured move of the triangle pattern would indicate a retrace to $5.85, or a roughly 80% correction. Note, however, the chances of this occurring are mitigated by the Class A hidden bullish divergence. If the price action recovers and breaks out to the upside of the first triangle, the measured move of that would imply it would break out upward of the second, larger symmetric triangle. The same measured move used to predict the bearish price point 'could' be pointing us to a return to a previous historical support/resistance of $65.35, though this is a bit of a projection since we don't know exactly where the price would break out (though, on symmetric triangle, the breakout occurs most often 60% of the way to its apex, which roughly lines up with where I have it plotted on this chart). With all of the data above plotted, I've planned a total of five, count em, 5 whole take profit levels. Some of them are set just below historical support/resistances, while others are placed at fib nodes and extensions (which I don't have plotted here because it would have made the chart too chaotic to look at). Rest assured, however, they are all very informed guesses on where the price could go if this trend continues. If the price breaks out bearishly to the downside of these triangles, however, you could expect our large 80% movement down as well ... so to give our trade a little bit of wiggle room, our stop loss will be be set to $20, just a few cents below a historical support. If it fails to hold that, then its certainly not a false break out downward, and we would be better off waiting for another opportunity. However, this large stop would require us to risk 36% of our position. This is still nearly a 3 to 1 risk/reward ratio on even our first take profit level, however. This should be unsurprising. High reward set ups on high risk trades will come with high price tags if they fail.
SLong
by HeathHimself
HCMC: The Start of Some MovementWith the lawsuit coming up, HCMC has risen to higher levels in anticipation of a successful court date. The current volume and popularity this penny stock is receiving lately are undoubtedly impressive. Future improvements this company can make with more money are immense. Based on general price predictions of TA and the alarming amount of exposure this penny stock is receiving, some room for growth is highly probable. Yahoo Finance predicts the price per share will increase drastically along with many other 1-year estimate sites. This is definitely a long hold but more specifically, a good time to join now because the price is still less than half a cent. It is not too far-fetched to believe that this could exceed 1 cent after winning the lawsuit. Besides that, the CEO has purchased over 1 billion shares in anticipation of this market mover. Today was the first day of some upside and I would say it is starting to look pretty bullish yet again. If the second resistance level is broke tomorrow then there is potential for a lot of upside. Current Supports and Resistance Levels: R3: 0.0047 R2: 0.0044 R1: 0.0041 PP: 0.0038 S1: 0.0035 S2: 0.0032 S3: 0.0029
OTC:HCMCLong
by Dscheerer12
1
Why LAIX Stock Price Increased Over 100% in Pre-MarketWhy LAIX Stock Price Increased Over 100% in Pre-Market LAIX is an AI company that provides online English learning products and services in China. Since the company has not announced any news directly and there are no SEC reports to trigger a stock price increase, it appears there was a coordinated move on social media to drive the price up, similar to the reason why ATA Creativity Global went up more than 936% yesterday. I am seeing references to LAIX in stock trading groups on Facebook, Discord chat rooms, stock trading subreddits, Twitter hashtags, and YouTube channels before the market open. Many of these posts mentioned the advantages of the high volume and relatively low float of the stock. I noticed a user on StockTwits point out that the short percentage yesterday was 85% and there were no available shares to short on WeBull. “If you’re short on this ticker may I suggest you cover now before it gets out of control,” warned the user. Since the business model appears to be similar to ATA Creativity Global, it also appears that there is a sympathy play in effect as well. And since the company shares have a relatively small float and there is a high squeeze probability, day traders are also jumping on LAIX. pulse2.com
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by AlenCiken