Simple Support/Resistance Levels ADOMADOM has been a fun stock to watch. It finally tested its lower support level a few weeks ago. Now it's approaching another pivot point on the chart that has been support and resistance. It will be interesting to see if we get another boost to EV stocks again before the end of the month.
"On July 7th, Envirotech received a $400,000 purchase order from Joseph Holdings for five vehicles. CEO Phillip Oldridge said, 'This order is a promising start to our FAR relationship with Joseph Holdings and we’re pleased to have this opportunity to begin providing our innovative, high-quality, conventional and special purposed electric vehicles to the Caribbean market.' The past one-month of momentum with ADOM stock has been high to say the least. On June 10th, ADOM’s stock price was at $0.25 per share on average. Now on July 9th, the company’s stock price is over $0.38 per share. ADOM’s volume is also much higher than its market average right now. There are a few possible explanations for this. The market for electric vehicles is rapidly growing at the moment. We’ve all seen how companies like Tesla Inc. ( TSLA ) have gone up significantly in the past year or so. This momentum affects smaller EV companies like Envirotech as well. Whether this makes ADOM a part of your watchlist right now, is up to you."
Quote Source: 7 Industry Leading Penny Stocks To Watch in July 2021
Pennystocks
DPLS Overextension or next leg?It's been a LONG time since DPLS traded at these levels. Had to take the chart back out to 2018 to draw out these fib lines and wouldn't you know it, the 618 is a major level to keep watch of. Both May '18 and Sept. '18 the DPLS rallies were denied at or near this level. It managed to hold as support during the summer months. But again unable to sustain those levels. Now that DPLS is approaching this level again, it could be important to keep the 618 fib in mind. There haven't been any significant pullbacks on the chart so this could be a major over extension and big risk factor to also throw in the mix. Like most charts like this, volume is going to be the guide for what could come. Though it was higher on Friday compared to Thursday, both day's levels were much lower than the recent average daily volumes.
“'As DarkPulse continues to build best in class technology service offerings to the critical infrastructure/key resources market we look for teams such as TerraData to bring experienced personnel and leading-edge equipment allowing the Company to operate AI-assisted inspection services in all mediums including land, sea, and air. TerraData’s ability to work in difficult marine environments with accuracy, efficiency, and expert results while eliminating risk to humans is a game-changer,' said DarkPulse CEO, Dennis O’Leary. This is big news for the company and is more than likely the cause of the almost 100% gain witnessed with DPLS stock in the past five days. With this in mind, is DPLS worth keeping an eye on in July 2021?"
Quote Source: 7 Top Penny Stocks to Watch That You Probably Haven’t Heard Of
BYFC in a familiar place right nowBYFC has been doing well, obviously, there's no denying that. However, it has approached another key level that is clearly seen on this chart. The 618 fib has been a constant level of resistance ever time BYFC climbs this high, over the last year. So this week, volume is likely going to be the potential driver of direction. Will it finally leave the 618 fib in the dust or is history about to repeat itself again?
"In the past five days, shares of BYFC stock have shot up by over 12%. In the past six months, shares have shot up by a solid 53% or so. The main reason behind this solid gain is the overall housing market continuing to rise in value during this time. And as a company that is heavily correlated to the real estate market, BYFC is worth watching if the price of homes continues to rise. So, considering all of this, will BYFC stock be on your watchlist moving forward?"
Quote Source: 7 Top Penny Stocks to Watch That You Probably Haven’t Heard Of
Possible Long Position ODM!!ASX:ODM
SELF DEVELOPMENT/METHODOLOGY/PSYCHOLOGY
SMP Strategy
Market Direction: Long Position
Chart time frame - Daily
Timeframe - 30 days
A – Activating Event
Market will meet support in zone @ current levels - ... . In order to enter into this trade, the pair MUST be in line with my Entry Procedure....
B – Beliefs
Market will move towards the first Target 1 level @ 0.048
C - Fundamentals that may affect the pair
N/A
D - Trade Management
Entered @ .....
Stop Loss @ .....
Trailing Stop Loss@.....
Target 1 @ 0.048
Target 2 @ ....
Risk/Reward @ 1.4.5
Happy trading :)
Follow your Trading plan, Remain disciplined and Keep learning !!
Please Follow, Like,Comment & Follow :)
This information is not a recommendation to buy or sell. It is to be used for educational purposes only!
DMG Blockchain SolutionsTo be honest, I have not traded stocks for a long time. I started my trading journey in stocks and quickly moved into US Penny stocks. It was similar to the crypto landscape we see today.
DMG Blockchain Solutions Inc.
DMG Blockchain Solutions Inc. operates as a blockchain and cryptocurrency company. It operates through data centre operations, data analytics and forensics, and developing enterprise Blockchains divisions. The company manages, operates, and develops digital solutions to monetize the blockchain ecosystem. It is also involved in developing enterprise blockchains; and providing hosting services for industrial mining clients. The company also provides technical expertise software products, such as blockseer pool, mine manager software, and walletscore, as well as consultation services to accounting firms, law firms, and law enforcement organizations. The company was incorporated in 2011 and is headquartered in Grand Forks, Canada.
Sector(s): Technology
Industry: Software—Application
DMG Blockchain Solutions Announces Strategic Investment in Crypto Custodian Brane Capital - some of the latest news.
"DMG’s strategic investment in Brane will accelerate the market traction of both companies and facilitate cooperation on development of advanced blockchain technologies, as well as continued progress toward leadership in environmental sustainability. The relationship between the companies will not affect Brane’s independence as a custodian, which Brane maintains through strict separation from any cryptocurrency trading operations.
Brane currently offers a crypto asset self-custody technology solution for IIROC-regulated securities dealers and is working toward becoming Canada’s first qualified custodian for digital assets. Brane’s leadership team includes experienced executives from finance, technology, and government, including former Bank of New York Mellon Canada CEO Jerome Dwight as President, and Charlie Millar, former Vice President of Content Acquisition at Rogers Communications, as Chief Revenue Officer."
This fits nicely with the weekly stochastic situation;
An interesting stock to keep an eye on, over the next couple of weeks.
Disclaimer
This idea does not constitute as financial advice. It is for educational purposes only, our principle trader has over 20 years’ experience in stocks, ETF’s, and Forex. Hence each trade setup might have different hold times, entry or exit conditions, and will vary from the post/idea shared here. You can use the information from this post to make your own trading plan for the instrument discussed. Trading carries a risk; a high percentage of retail traders lose money. Please keep this in mind when entering any trade. Stay safe.
VERY LOW RISK OPPORTUNITY This honestly might be the best risk:reward setup I have ever seen on a trade.
While the fundamentals might not agree... we know that anything can happen in this market.
Expect the unexpected.
Good entryAnyone else enter $HCMC been barcoding and found a base, feel comfortable adding here huge potential to the upside again
What is it that's stopping you from becoming a better trader?In this video, I touch more on emotions and how an "average trader" approaches the markets.
I believe that we as traders get the wrong impression on how to read a chart. I feel that most traders have a strong tendency to make trading more complicated than it needs to be.
I've traded with so many strategies out there and I always tried to search for the next best thing. But the one thing that I made complicated was figuring out how to park my cash and let it work for me by following the right side of the trend.
The market is nothing more than buyers and sellers and our job is simple... Make sure to be on the winning team. One of the most common things told in the educational side of the markets is,
"The trend is your friend." - (THE MOST VALUABLE GOLDEN NUGGET")
I strongly believe that we focus on an exact price entry combined with so many other trading routines and in the long run, it just makes trading complicated for most.
You need to stay patient and let the trends play out. Filter out the noise, Take a break and let the bigger picture unfold. The confirmation will come when it is ready.
Don't put a price on it.
Don't put a time on it.
Just let the market breathe and take what it gives you.
Take care,
$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!
$GBS can rise in the next daysContextual immersion trading strategy idea.
GBS Inc. operates as a biosensor diagnostic technology company.
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 $4.98;
stop-loss — $4.13.
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!
Market Alpha Watchlist $QUADNYSE:QUAD
Symbol Appeared on our watchlist. Here are a few technical lines for those watching.
CTXR Possible Ghost Trendlines For A Big GainerSymbol: NASDAQ:CTXR
Indicators
Lag RSI
My Opinion: Bullish
Comments: Just added to the watchlist on our site! Check out which other we've already added.
AEI Jumps HigherSymbol: NASDAQ:AEI
Indicators
Lag RSI
My Opinion: Bullish
Comments: Looks to be a lot of short covering going on here... Will check back to see if this one pops higher.
$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!
$DOGZ can rise in the next daysContextual immersion trading strategy idea.
Dogness (International) Corporation, through its subsidiaries, designs, manufactures, and sells fashionable products for dogs and cats worldwide.
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 $1.99;
stop-loss — $1.78.
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!
