Suprajit Engineering BreakoutThe stock has broken out and retested, therefore it may undergo a rally. Trade is supported by Supports Nearby.
Risk Reward Ratio - 2:1
SL is placed below support zone & Previously upper trendline. The target is placed near swing high.
Note: Market is having weak sentiments, making this a high risk trade. Due Caution Is Required.
Smallcaps
Oasis Network Breakout OpportunityThis crypto has broken out with good volumes and could Retest in daily candlestick chart, and may rally further.
It is a small cap and the markets are showing signs of weakness. so this trade is of high risk and due caution is advised.
A good point of entry would be around 0.32 USDT, which is the point of retest in Fibonacci levels and previously higher trendline.
Risk Reward Ratio - 2:1
SL placed below major support and below trendline.
Biotech primed for a move higher?This one is almost pure intuition. We're in pharmaceuticals earnings season now. Seagen reports after market today. A bunch of other large holdings of XBI report on November 3-4, and a bunch more on November 8. Bonds and tech stocks have made a breakout move upward, and small caps look primed. (XBI is full of small and micro caps.) XBI has had a long consolidation here, and I really like the price action on it today. A lot of other sector funds have had mid-day pullbacks, but XBI has maintained its steady upward slope. It has poked above the 20-day EMA. My guess is that this will be green again tomorrow, so I've rolled the dice on a call expiring October 29. I'm also looking for continuation the next two weeks, with a first target of about 131.75.
POLKACITYMY TA on this one.
I like the project and believe if they continue to hit their company targets, we can expect significant gains. We can already begin to see a trend developing and big money buying in, on the lows, making it thus far an easy one to find the trends on.
Obviously high risk with a very small market cap.
Wake Up Time for the Russell 2000?The Russell 2000 has been snoozing for most of the year, following a sharp rally last winter. Now traders may want to watch for signs it could be waking up.
The main feature on this chart is the series of higher lows since August, while the top of the range has remained around 2310. That’s starting to resemble a bullish ascending triangle. It’s also noteworthy that RUT made higher lows in September and early October, while the S&P 500 and Nasdaq-100 made lower lows versus August.
Next, the consolidation has occurred along the 200-day simple moving average (SMA).
Third, RUT just completed a bullish inside candle on the weekly chart.
Consider the events calendar, with major tech names like Apple and Amazon.com reporting this week. Once those catalyst pass, sentiment may shift.
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small cap growth stock to watch out forHexo is literally a small cap growth stock.
The recent drop in share price was understandable because of the 140m offering and securing 360m in debt both of which are being used to acquire Redecan which is an extremely popular LP in Canada
from the Q3 financials
Under the terms of the Share Purchase Agreement, the $925 million purchase price will be paid to the Redecan shareholders as $400
million of consideration due on closing paid in cash and $525 million of consideration due on closing paid through the issuance of
HEXO common shares at an implied price per share of $7.53.
Cannabis growth is a complicated and risky market. Something Hexo has shown a keen eye for to capitalize on acquisitions during the springs announcements and buzz around cannabis stocks in general.
Hexo continues its aggresive growth in the Canadian sector with footholds into European and US cannabis markets.
Redecan adds a strong brand recognition, leading cannabis growth, cultivation and distribution innovation and positive cash flows that Hexo was struggling with.
370M Market Cap is well oversold for what I believe is nearing the bottom of Mark down after distribution from the spring months.
I'm not a financial advisor. Not that there is anything wrong with that. This is not financial advice in anyway.
Hexo is a value stock with tremendous growth and future but it also presents greater risk.
I plan on entering a position when i see signs of the next accumulation phase beginning.
Vardhman Textiles BreakoutThe stock has broken out and retested, so it may undergo a rally. Trade is supported by brokerage calls and Supports Nearby.
Risk Reward Ratio - 2:1
SL is placed below support zone & the previously upper trendline. The target is placed based on fundamentals and near swing high.
Watching Small Caps IWM - The Perfect ChartThe Russell 2000 $IWM has my attention.
Small caps, small towns, mostly domestic, with the main concentration being Healthcare, Industrials, and Financials.
Its top 10 holdings are:
AMC
OVV
NTLA
LSCC
TTEK
ASAN
CROX
SGMS
BJ
APPS
I am not thrilled that AMC is the largest holder. I get it and see why movie theatre are mostly domestic and fit the small cap category, with its current market cap.
Even with that being said, the chart is textbook. It could break either direction. It is on my radar! Stay tuned.
RK FORGE BREAKOUTA 3.5-year base breakout is seen in RK FORGE. It's also breaking out relative to the NIFTY SMALLCAP 100 Index.
I'm long from around the 900 levels for an initial target of 1345. Stop-loss can be a weekly closing under 680; making the risk-reward a little more than 1:2.
Not investment advice. This is only for educational and entertainment purposes. Please refer to your investment advisor before doing anything. I am neither a registered investment advisor nor a research analyst.
$SDC is setting up for a nice squeeze! PT $8Smile Direct Club has been steadily climbing up the Fibonacci chart I have charted here, along with a solid uptrend. The RSI has breached 70, so I do expect to see a short-term retracement after possibly one more run this Friday, possibly tessting the $6.67 resistance level.