XpresSpa Group Inc $XSPA - Investment idea 💡 This is not just a penny stock, but also a good investment for long term, however if you're not planning to hold for long term, then I suggest you to take profits on each target level.
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Do your research and trade on your own risk!
Smallcaps
$NNDM Long PositionHas some trouble breaking out of triangles after run up. I'm thinking a breakdown of the current triangle, pullback to 5.85 supported at previous resistance, brief consolidation and a move up. Has consistency in the RSI bull zone. Offering at $6 earlier this month is behind them now and well capitalized for a while at current burn rate. Market responded positively to it.
Verasity strong recovery followed by a bullrunVerasity is an amazing project with very strong fundamentals and only a ~$3m marketcap. There are multiple important support and resistance levels to watch. Right now we are on the final dip before it starts to truly recover. If it gets as low as 2.3 - 2.4 sats, buy the dip like your life depends on it. Then sit back and watch it go parabolic :) Weekly is also showing bullish engulfing, and VRA/USDT on the weekly is one massive Adam & Eve pattern. In case altseason starts next year, this little gem has 100x potential. DYOR!
Utrust Market overview.Utrust has lot's of potential. I've been following this project closely and looking to invest more, as I believe in this company.
At the moment of talking I have 1200 UTK tokens staked in my Hold app. I think time will tell more if this project will skyrocket or not.
Keep in touch.
Kardiachain/USDT primed for breakoutFull disclosure KAI is a large portion of my portfolio and none of this is financial advise. KAI has been going through a correction and consolidation since hitting ATH in August. Those of you who owned KAI or were observing over the summer know when this one runs it's a sight to behold. Although it might seem that KAI has already broken out from correction the chart will show it hasn't yet and is only priming for a nice breakout. Below are some of my observations.
1. Symmetrical triangle is prime for a breakout. As you know breakout can occur to the upside or downside and usually occurs at the 3/4 mark, i.e. any day now. Everything is pointing to a breakout to the upside but anything can happen.
2. Crossed to the upside of Ichimoku cloud a few days ago and has maintained support on top of the cloud. Leading cloud has also flipped green.
3. Volume profile shows POC (point of control) at current price of 0.016. Possible flip to support as it's been riding this level for a few days now. Once breakout occurs first level of resistance is 0.018, this is most likely the level the retest starts. If retest is confirmed then next resistance is at 0.023. After that level breaks it's going to fly and ATH will be in play as not much resistance is above 0.030.
4. MACD is set to flip green
5. KDJ is green and looks to continue
6. RSI has a lot of upside potential
7. Volume has started to come back, as they say, volume precedes price
FISHY moves in the STOCKMARKETHey tradomaniacs,
Current markets mood is harder to indentify as we see the same cashflow like we`ve seen with the first vaccine-wave this year.
Comparing RUSSELL 2000 and SPX500 it looks like we see a flow out of big companies into the small-cap-section.
This is very weird as the small businesses were those who suffered the most during the COVID-Lockdown in the USA.
Does the market expect a BOOM of these companies with the upcoming vaccine?
There is one fact:
More than 50% of these companies listed in RUSSELL are not making any profit 👉 They are the "zombies" of the market who are only able to survive due to financial injections by the central bank.
These odd moves are forcing me to trade a bit less as I don`t think that institutional traders are willing to buy stocks of companies that only just able to buoy up.
Sell off coming soon?
LEAVE A LIKE AND A COMMENT - I appreciate every support! =)
Peace and good trades
Irasor
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Any questions? PM me. :-)
STRANGLE FOR PROFITThis year has been one of the best to be a (smart) trader. We've had absolutely historic opportunities and I'm sure there's more to come. This little ascending wedge (abcde) could be creating an opportunity for a strangle (long & short). I have several strategies I follow for the other indices but I will occasionally play a strangle where I can see it going either direction. Personally, I may wait until (E) is tagged and will buy a long position in calls and hedge that position with puts. There are other ways to play the breakout but I prefer to buy at (E) and wait until a target is reached (up or down). I also like to use options that have a medium term expiry (5-6 months out) so decay and noise aren't too dramatic. Let's see what happens!
Long Potential on MMJ - Continuation OpportunityMMJ is shaping up. The market has opened poorly this week leading into US Elections, however If we see the appropriate execution signs, we may look to get involved in this play.
Imdex - Nice looking chart - High probability!Key Techincals - High probabilty asc triangle formation. Key Fundamentals - minerals exploration likely one of the key sectors that drives international post covid growth + cutting edge cloud based software allowing clients to make more real time actionable decisions.
EN1 - Upside Potential Upon Strong Weekly CloseEN1 has been on my watchlist for a while. The fundamentals of the company have strong potential going forward however we have some initial dynamic supply to break through.
EN1 closed above the long term downtrend on Friday last week. If this current base holds, we could see upside in the future.
Looking forward to the next few quarterly's as the company recovers from Covid impacts.
October 17 Market Update | Technical, Fundamental, NewsDescription:
An analysis for the week ahead.
Points of Interest:
Prior ATH, Poor Structures, $3,500 and $3,370 High-Volume Areas.
Technical:
Broad-market equity indices ended the week higher with S&P 500 retracing more than 80% of its September sell-off.
During Last Week’s Action: Alongside fiscal stimulus hopes, U.S. index products surged past and built value above a major high-volume concentration as initiative participants (i.e., those buying within or above prior value) showed continued confidence to explore higher.
As the week progressed, however, Johnson & Johnson (NYSE: JNJ) suspended its vaccine trials and expectations regarding further stimulus tempered. The weakness was exacerbated by the prior week’s emotional activity which attracted an enormous amount of speculative derivatives activity and left behind poor structures that offer little-to-no support; as the monthly options expiry neared and dealers unwound their hedges, the market endured a quick correction of the poor structure.
Overall, the market remains out of balance and higher. Barring some exogenous event -- such as negative news regarding added stimulus, vaccine progress, and the election -- there is good potential that the market continues exploring higher with an obvious target being, in reference to the S&P 500, the prior all-time-high.
Fundamental:
In its 2020 World Economic Outlook, the International Monetary Fund (IMF) raised its expectations on global growth, but cut long-term forecasts on a slower recovery.
"The scarring is expected to compound forces that dragged productivity growth lower across many economies in the years leading up to the pandemic — relatively slow investment growth weighing on physical capital accumulation, more modest improvements in human capital, and slower efficiency gains in combining technology with factors of production,” the report said. bit.ly
Adding, according to Axios, the hard part of the recovery is just beginning; the IMF is urging governments to keep financial lifelines open; "I worry most about withdrawing support to workers and firms prematurely because it could cause a wave of bankruptcies and massive increase in unemployment," IMF head Kristalina Georgieva said during a media appearance.
Key Events:
Monday: Fed Chair Powell Speech, Fed Williams Speech, NAHB Housing Market Index, Fed Clarida Speech, Fed Bostic Speech, Fed Harker Speech.
Tuesday: Building Permits, Housing Starts, Fed Quarles Speech, Fed Evans Speech.
Wednesday: MBA Mortgage Applications, Fed Brainard Speech, Fed Mester Speech, EIA Cushing Crude Oil Stocks Change, EIA Distillate Stocks Change, Fed Beige Book.
Thursday: Jobless Claims, CB Leading Index, Existing Home Sales, Fed Barkin Speech, Fed Kaplan Speech.
Friday: Markit Manufacturing PMI Flash.
Recent News:
Data points to reduction in economic activity on virus restrictions. bit.ly
Despite the virus, structured finance ratings have remained stable. bit.ly
Bank earnings soar again alongside increasing trading revenues. bit.ly
Delta Air Lines Inc (NYSE: DAL) still burning cash amid recovery. reut.rs
EU makes 1 billion-euro bet on Gilead Sciences (NASDAQ: GILD) reut.rs
BP Plc (NYSE: BP) leaving emerging market oil, but could return. bit.ly
BlackRock Inc (NYSE: BLK) beat estimates on strong inflows. reut.rs
JPMorgan Chase & Co (NYSE: JPM) optimistic on virus recovery. reut.rs
With economy and credit rolling along, Fed unlikely to alter buying. reut.rs
Big technology companies nervousness prompts calls to diversify. reut.rs
U.S. retail sales blow expectations in September amid recovery. reut.rs
Gulf Coast energy companies restoring oil, gas output post-storm. reut.rs
Caterpillar Inc (NYSE: CAT) is betting on self-driving machines. reut.rs
New Apple Inc (NASDAQ: AAPL) iPhone to offer non-material 5G. reut.rs
Tesla Inc (NASDAQ: TSLA) cut prices of Model S in U.S., China. reut.rs
Used vehicles again lift U.S. consumer prices, but inflation cools. reut.rs
U.S. consumers more optimistic about the labor market, says Fed. reut.rs
As the globe gallops into vaccine trials, insurers remain unfazed. reut.rs
U.K. minister is seeking cash from the Treasury for a no-deal Brexit. reut.rs
Despite economic and health crisis, consumers defy expectations. bit.ly
How the market learned to stop worrying and love the blue wave. reut.rs
Fed officials calling for tougher regulation to prevent asset bubbles. reut.rs
Citadel Securities has sued the SEC over a new trading mechanism. reut.rs
Moody’s downgrades U.K. as COVID-19 and Brexit hit debt outlook. reut.rs
Newly rated loans from high-yield issues rose for the second month. bit.ly
Funding to North American startups held steady in Q3 as exits rose. bit.ly
The President does not actually impact the economy as thought. bit.ly
U.S. gun sales soar amid pandemic, social unrest, election fears. reut.rs
Facebook Inc’s (NASDAQ: FB) Libra tapped an ex-HSBC executive. reut.rs
Trump urges big COVID-19 stimulus, but Mitch McConnell disagrees. reut.rs
U.S.’s weakest local economies may face worse from the pandemic. reut.rs
G20 pledges to do ‘whatever it takes’ to support the global economy. reut.rs
Fed’s Clarida says data 'surprisingly strong,’ but deep holes remain. reut.rs
IEA: Oil producers may struggle to gauge demand amid second wave. reut.rs
Moody’s Corporation (NYSE: MCO) sees virus credit losses rising. bit.ly
Key Metrics:
Sentiment: 34.8% Bullish, 29.5% Neutral, 35.7% Bearish as of 10/14/2020. bit.ly
Gamma Exposure: (Trending Lower) 3,113,195,433 as of 10/16/2020. bit.ly
Dark Pool Index: (Trending Neutral) 41.1% as of 10/16/2020. bit.ly
Disclaimer:
This is a page where I look to share knowledge and keep track of trades. If questions, concerns, or suggestions, feel free to comment. I think everyone can improve, especially me.
In no way should this post be construed as investment advice.
$CEI 133,442,000 Barrels of Oil Reserves PT $10.00As of March 31st, 2020 the company had an estimated proven oil reserve of 133,442,000 barrels of oil comprising of
54,850 million barrels of crude oil reserves - 43,955 million barrels of NGL reserves and 207,823 million cubic feet of natural gas reserves.
The company also has upcoming merger with the Viking Energy Group Inc. which is estimated to close within the next two months.
CHRS, Stochastic Oscillator left the overbought zone on Oct 09This is a signal that CHRS's price trend could be reversing, and it may be an opportunity to sell the stock or take a defensive position. Tickeron A.I.dvisor identified 63 similar cases where CHRS's stochastic oscillator exited the overbought zone, and 58 of them led to successful outcomes. Odds of Success: 90%. Current price $18.48 crossed the resistance line at $18.65 and is trading between $18.65 resistance and $18.00 support lines. Throughout the month of 09/09/20 - 10/09/20, the price experienced a -1% Downtrend, while the week of 10/02/20 - 10/09/20 shows a +10% Uptrend.
Bearish Trend Analysis
CHRS moved below its 50-day Moving Average on October 09, 2020 date and that indicates a change from an upward trend to a downward trend.
The 10-day Moving Average for CHRS crossed bearishly below the 50-day moving average on October 01, 2020. This indicates that the trend has shifted lower and could be considered a sell signal. Tickeron A.I. detected that in 13 of 16 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over the following month. The odds of a continued downward trend are 81%.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where Apple declined for three days, the price rose further in 50 of 62 cases within the following month. The odds of a continued downward trend are 84%.
The Aroon Indicator for CHRS entered a downward trend on September 16, 2020. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
$PCTL is one to watchMacD Crossing today
Stock RSI 54
RSI 43.54
Share holder conference call scheduled for Sept 29th
Revenue is increasing
Applied for Uplisting to OTCQB
Sales force has expanded into the UK markets, as well as across the USA
Share profits currently up 620% YTD
Amazing company for both mid term and long term holds
10 Mid to High Risk Stocks for my Breakout WatchlistImagine holding SPI as a penny stock, selling it at 7% draw-down, and few month after waking up to see it somehow have went up 4000%? While I do think there might be a possibility of foul play or might not, I have obviously made a mistake. This lead me to create this list of ten stocks I am watching from the sidelines, that I may do a breakout entry for. These are mid to high risk, and the drawdown can be severe. Volatility is not for the faint of heart. JMIA has a lot of high growth potential, and I feel like it just needs to break the resistance curve. SLNG is not too high risk of an OTC stock if you are wanting to invest a bit in that sector. SXTC may be somewhat of an oversold penny stock. Hudson Capital seems like a dip in the real estate space. I also think it may have around the same potential as CBL, but I rather trade something new. RZLT is a biopharma play that I think may be underrated. NWGI has a decent buy target by many analyst (so I heard), and is in a trending market segment. Remark Holdings already had many dips and so did BBI. I think the current entry is one of the more decent ones. Adomani may be oversold, and they recently updated their executive team in which I am on the fence. While I think they need to start looking less at buses and more on expanding the electrification tech they have, I still think for the price they are, definitely has somewhat some long term potential. $TAKOF is extremely dirt cheap and underrated in my opinion. I think this is one of the more worthwhile "gambles". That being said, invest at your own risk and do your own due diligence. Please consider everything I say "as is" or on an opinion based basis. This is not meant to be taken as actionable financial advice.
RUT Russell Small CapsSmall caps have not been as enthusiastic about the rally as tech and SPX in the run up since March. We see that it's been making lower lows and lower highs since August 11 peak, and RSI has been showing continuing weakness on the daily chart. If SPX is going to have a meaningful sustainable rally, it's going to need the small caps and financial sector to follow suit. This has not been the case.
BrainChip Holdings (ASX:BRN) - What I see happening from hereLooking at the chart today from BrainChip ( ASX:BRN ) I can see they it has a couple of potential directions from here.
Over the last week or so, the stock has been retreating back from its highs of close to $1.00.
Overall though, I can see 2 possible scenarios.
Scenario A
Holding current levels (which look good considering the 61.8 fib line placement) here could see a price grab back up to above $0.50. Holding there would mean BrainChip is still maintaining an overall uptrend and also holding above the 50 fib line. Breaking through the next level of resistance at $0.64 is critical for recover efforts. A bullish scenario overall with some risk.
Scenario B
Failing to hold here would mean a fall back to previous support and older trend line around $0.34. A note here though that the old trend line has less touches, so holding it is yet to be determined. However, the fact that we have a trend line and a support line means we might see a bounce.
Options
If I was looking to gain entry, I can do so immediately, however I would be prepared for further volatility. A further fall back to $0.34 could mean a need to top up the position with more cash.
I can also choose to wait for one of the following scenarios:
- A clean break up and out of $0.64, signalling a much stronger bullish case.
- A break down and a hold at $0.34, signalling a position of relative safety to begin investment.
Risk Management
I can deploy risk management techniques including limiting the percentage exposure to this stock, applying a stop loss if it falls too far or reserving cash to purchase lower entries and reduce my average, should I want a long term position.
Hope this analysis helps!
Note - this is a record of my thoughts for personal use only. Nothing here should be taken as financial advice. Investors and traders should always do their own research before buying or selling assets.