$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
Smallcaps
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.
$IWM Financials Bull Run - Component #2 AMEX:IWM
As we continue to embark on this epic economic bubble , there will be varying components that will be mixed in so the trend can continue. To allow some normality to the markets, profit rotations still seem to be taking place and tech seems to be the one market that is becoming exhausted. With that said, I think we continue to see those absurd profits roll into financials and small caps, allowing $IWM to be a benefactor of that, which the technicals are starting to show.
With that thought in mind, looking at the chart you can clearly see a strong bullish breakout, with volume (last green volume bar to the right) from consolidation and our first attempt at breaking the first red trend line. I expect us to retrace a bit from here, and each red line there after once contacted, but also fully expect us to make our way up to at least the $170 region (3rd and final red trend line). From there, in J. Powell we trust and Gods speed.
I leave you with this, "cut your losses early and let your profits run" - J. Livermore
- PennyBag
Most Promising Highest Potential Small Cap Tech StocksThese charts belong to publicly listed small caps that have fundamental and strategic value in this current economic and social environment. With zoom and tick tock being attacked, some of these companies fill a part of that void. Others fill voids created by pandemic corona covid virus. These guys are tiny and whimsical. So anything can happen. It's easier for them to die than to level up. That said, if we cross any of these red lines, it's a buy.
July 26 Market Update | Technical, Fundamental, NewsDescription:
An analysis for the week ahead.
Points of Interest:
Prior-Balance; Weak Highs and Lows; Dull, Emotional Participation; Nasdaq Weakness; Financials Intact.
Technical:
Broad-market equity indices struggled to hold onto recent gains, evidenced by the failed continuation higher.
Recapping last week’s action, on Monday, after a good amount of volatility contraction, the S&P 500 opened inside prior balance and tested lower, before rotating higher, into the gap zone left from the late February sell-off. Pre-open, on Tuesday, the market rallied, further discovering prices up into the gap zone. After the U.S. cash open, Tuesday’s activity was reminiscent of rebalancing to recent overextension.
On news that China would react to the closure of its consulate in Houston, Texas, Wednesday’s session saw prices push lower overnight, before turning and balancing out higher, into the close. On more news regarding geopolitics and initial jobless claims turning higher, Thursday’s session experienced a news-driven, emotional liquidation, with the Nasdaq leading lower.
Friday’s session opened near a high-volume area, balancing out and trading responsively, before closing and accepting prices lower.
Looking beyond broad market indices, the innovation-driven, technology-based sectors are showing signs of relative weakness, while other sectors, such as industrials, energy, and financials are finding more support.
Overall, the S&P is in balance. Absent positive news regarding geopolitical tensions, monetary policy, a vaccine, earnings, and stimulus, the market may find itself correcting through time, testing as low as the prior balance area, below $3,180, as more impactful earnings are released.
Scroll to bottom of document for non-profile charts.
Key Events:
Earnings; Durable Good Orders; Consumer Confidence; Initial Claims; GDP; Personal Income; Personal Spending; Employment Cost Index; Consumer Sentiment.
Fundamental:
Big tech antitrust probe report from Congress expected early fall. reut.rs
Nasdaq Composite, tech weakness comes alongside a weaker dollar. bit.ly
5 charts illustrating U.S. economic trends amid the coronavirus pandemic. cnb.cx
General Motors Company (NYSE: GM), Volkswagen AG (OTC: VWAGY), Nissan Motor Co Ltd (OTC: NSANY) charge ahead with electric-vehicle plans. on.wsj.com
Consulate closures mark escalation between U.S., China. reut.rs
Boeing Co (NYSE: BA) to delay 777X as demand drops for big jets. fxn.ws
Intel Corporation (NASDAQ: INTC) shares dive on manufacturing retreat. reut.rs
American Express Company (NYSE: AXP) warns of slow spending recovery. reut.rs
Inflation-adjusted bonds are currently priced for very low inflation. bit.ly
Proposal to suspend certain payroll taxes is a high priority. bit.ly
U.S. home prices, existing home sales rise toward records. bit.ly
Tesla Inc (NASDAQ: TSLA) chose Texas for the new Cybertruck factory. reut.rs
FDA orders unauthorized e-cigarettes removed from the market. bit.ly
China’s regulators take over insurers, financial institutions to cut risks. bit.ly
Supplemental unemployment benefits expire alongside new stimulus efforts. bit.ly
Housing strengthens while mortgage forbearance continues to decline. bit.ly
Biden may enact higher taxes, climate reform, and increased health care spending. bit.ly
EU leaders have agreed on an $860 billion stimulus package. bit.ly
Earnings beat expectations, but fundamentals remain weak. bit.ly
Commercial real estate market slips despite Federal Reserve action. bit.ly
The face value of defaulted non-financial corporate bonds jumped to a record. bit.ly
American Airlines Group Inc (NASDAQ: AAL), United Airlines Holdings Inc (NASDAQ: UAL) to lay off workers. bit.ly
Dell Technologies Inc’s (NYSE: DELL) VMware spin-off increases uncertainty. bit.ly
U.S. global investment banks preserved capital strength in Q2 amid credit provisions. bit.ly
UnitedHealth Group Inc’s (NYSE: UNH) earnings, lower leverage is credit positive. bit.ly
Sentiment: 26.1% Bullish, 27.1% Neutral, 46.8% Bearish as of 7/22/2020. bit.ly
Gamma Exposure: (Trending Lower) 1,281,189,859 as of 7/26/2020. bit.ly
Dark Pool Index: (Trending Lower) 42.9% as of 7/26/2020. bit.ly
Product Analysis:
S&P 500 (ES): AMEX:SPY TVC:SPX
Nasdaq 100 (NQ): NASDAQ:QQQ TVC:NDX
Russell 2000 (RTY): AMEX:IWM TVC:RUT
Gold (GC): AMEX:GLD AMEX:GDX
Crude Oil (CL): AMEX:USO AMEX:DBO AMEX:USL
Treasury Bonds (ZB): NASDAQ:TLT
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.
Time is running out for Russell 2000! $IWMRussell 2000 still has a decent amount of momentum on the H1 and Day time frames, but it is decision time next week into the FOMC statement and press conference. It is time to decide if we obey election year seasonality (and get an emergency PUA extension next week likely) or fall into mid August.
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July 12 Market Update | Technical, Fundamental, NewsDescription:
An analysis for the week ahead.
Points of Interest:
S&P $3,200 Balance; Multi-Week Consolidation; Close Above Mechanical Highs; Nasdaq Overextension; Financials Find Support.
Technical:
Broad-market equity indices balanced last week, evidenced by the responsive, tight trading range.
Recapping last week’s action, on Monday, the S&P 500 traversed higher and left minimal excess before balancing into the close. Tuesday’s session made an attempt for Monday’s high, near $3,180, but sold off, leaving value higher and closing just below the overnight low.
After a quick morning liquidation, Wednesday’s session rejected prices in the lower part of the balance area and left value overlapping, with a close at the highs. Thursday responded lower, after a quick push to the $3,170 area of resting liquidity, to and through a low volume area and the prior day’s low, before squeezing back into range. Despite the high gamma expiration suggesting many names could pin, Friday opened up around a composite high-volume area, within range, and attempted lower, before responding back through the open, and repairing earlier weak highs. bit.ly
Looking beyond broad market indices, the innovation-driven, technology-based sectors are extremely extended while relatively weak sectors, such as energy and financials, have found it hard to come by support.
Overall, the market is at an important level and will likely, based on its reaction to Friday’s close, experience volatility in coming sessions.
Scroll to bottom of document for non-profile charts.
Key Events:
Federal Budget; NFIB Business Optimism; CPI; NY Fed Manufacturing; Industrial Production; Initial Claims; Retail Sales; Business Inventories; NAHB Housing Market Index; Building Permits; Housing Starts.
Fundamental:
In light of extremely accommodative policies, investors should feel optimistic. bit.ly
United Airlines Holdings Inc (NASDAQ: UAL) may furlough 36,000 staff. on.wsj.com NASDAQ:UAL
Rivian raised $2.5B led by T. Rowe Price Group Inc (NASDAQ:TROW). bit.ly NASDAQ:TROW
Economic weakness may lead to new rounds of layoffs, business failures. bit.ly
Corporate loan growth may slow as firms make use of liquidity piles. bit.ly
OPEC and allies to ease oil cuts amid demand recovery. on.wsj.com
Canada’s long-term financial profile is consistent with AAA rating. reut.rs
Tesla Inc (NASDAQ: TSLA) to hold shareholder meeting, battery day on 9/22. on.mktw.net NASDAQ:TSLA
Credit Suisse Group AG (NYSE: CS) settles shareholder suit over debt. reut.rs NYSE:CS
Boeing Co (NYSE: BA) scrambles over 737 MAX financing. reut.rs NYSE:BA
Amazon.com Inc (NASDAQ: AMZN) rolling out bigger United Parcel Service Inc (NYSE: UPS), FedEx Corporation (NYSE: FDX) style trucks. reut.rs NASDAQ:AMZN
Pfizer Inc (NYSE: PFE), BioNTech SE (NASDAQ: BNTX) vaccine ready by end of year. reut.rs NYSE:PFE NASDAQ:BNTX
Canada posts record job gains in June as services reopen. reut.rs
U.S. producer prices fall while underlying inflation stabilizes. reut.rs
Europe challenges Visa Inc (NYSE: V) and Mastercard Inc (NYSE: MA). bit.ly NYSE:V NYSE:MA
A Citigroup poll of 140 fund managers found that 62% expect Biden to win. bit.ly NYSE:C
International trade in LNG collapsed, squeezing outlets for U.S. shale. on.wsj.com
IEA raises 2020 oil demand forecast, but warns COVID-19 clouds outlook. reut.rs
Increased tax rates may not matter as much with central banks adding liquidity. bit.ly
Jefferies economic activity index has been flat-lined for numerous weeks. bit.ly
Legislation to move Chicago casino forward a credit positive. bit.ly
China’s manufacturing recovered and exports normalized. bit.ly
White House aides urge proposals to undermine Hong Kong’s peg to USD. bloom.bg TVC:DXY
Uber Technologies Inc (NYSE: UBER) to acquire Postmates for $2.65B. bit.ly NYSE:UBER
Savings rate, liquidity to fund upside for motor vehicles, housing. bit.ly
Coinbase crypto exchange prepares stock market listing. reut.rs
Twitter Inc (NYSE: TWTR), Stitch Fix Inc (NASDAQ: SFIX), Wayfair Inc (NYSE: W), and UpWork Inc (NASDAQ: UPWK) have room for upside. bit.ly NYSE:TWTR NASDAQ:SFIX NYSE:W NASDAQ:UPWK
U.K. COVID-19 measures add fiscal cost, consolidation plan coming. bit.ly
Latin American connectivity leading to increased digitalization of work, commerce. bit.ly
Decline in unemployment largely the result of classification. bit.ly
Coronavirus to weigh on fiscal 2021 tax revenues despite employment bump. bit.ly
Pandemic Unemployment Assistance claims have risen. bit.ly
Pandemic is outpacing the ability to respond in some states. bit.ly
Gold rally backed by fears of future inflation, debt, and negative yield. bit.ly
Sentiment: 27.2% Bullish, 30.2 Neutral, 42.7% Bearish as of 7/12/2020. bit.ly
Gamma Exposure: (Trending Lower) 5,251,920,785 as of 7/12/2020. bit.ly
Dark Pool Index: (Trending Lower) 44.3% as of 7/12/2020. bit.ly
Product Analysis:
S&P 500 (ES): AMEX:SPY TVC:SPX
Nasdaq 100 (NQ): NASDAQ:QQQ TVC:NDX
Russell 2000 (RTY): AMEX:IWM TVC:RUT
Gold (GC): AMEX:GLD
Crude Oil (CL): AMEX:USO AMEX:UNG AMEX:DBO
Treasury Bonds (ZB): NASDAQ:TLT
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.
IWM giving heads up of an implosionThe IWM ETF is the Russell2000 ETF, and I use it as a proxy of market internal breath. Case in point, we have a runaway Nasdaq (Technology sector) with a stalling S&P500. The small and mid caps need to be the internal support for this tech rally to continue else it breaks down from the internal infrastructure and implodes.
Exactly the heads up seen here...
The IWM Daily chart has not been able to get a higher high, but instead gapped down from the last lower high, at the top of a range (orange box). Yesterday, it tested the trend line support, and in doing so, turned the MACD far enough to register a down crossover. In a bounce off the trendline, it also bounced off the 55EMA, and appears to breakdown over he next couple of trading days.
Technically, this chart is bearish, and tells of the internal implosion starting to happen.
The Nasdaq rally is limited days to go... this is giving us a heads up.
RUT, multiple patterns point to continuation of Bearish trendThere is so much happening in over the last couple weeks that is shifting the overall trend to bearish with the RUT it's hard not to be short on it.
Just to get a couple of things out of the way:
It is damn near silly to think the RUT exists in a vacuum -- it is heavily led by the greater market trends and most especially the SPX. It almost never takes an opposite trend, but it _does_ tend to either minimize or maximize the moves, especially intraday
This could go either way, we are, on paper, in a bull market trend (for the greater SPX-based market), but just barel. RUT is technically in bear. A major development good or bad would easily reverse sentiment one way of the other and price could travel drastically
While I am overall bearish, I try to look at the flip side as well, so I can easier tell the difference between reversals and pullbacks in a larger upward move.
I've been watching this structure develop over the last week or so, and so I am growing in confidence in it.
Monday may be the final confirmation. The Alamo is the convergence of the 3000 SPX line, 200MAs, The lows of the week, and lastly, the breakout zone of the continuation symmetric triangle we find ourselves just barely broken out of in the last few hours on Friday.
Frankly, I think the battle will truly happen in SPY/SPX and RUT will follow.
It should also not be missed that RUT literally is changing composition on Monday. There is much more detailed analysis available out there on that subject, but generally speaking: the small-cap index is getting more mid/larger small caps and much more tech/healthcare heavy. How this change pans out in the longer run, who knows -- but it should be a pretty big shakeup for the individual stocks entering or exiting the index.
This Stock IS GONNA FLY!!!With Current mkt cap of 28MM USD this small cap has been contantly generating cash over the past 6 years. With a patented techfor drug detection its a great target for M&A or LBO.
With super good dividend yield, this stock is definetelly gonna fly very soon. Minimum 80% target return.
Out of the 28MM the company has 5MM in cash and generates 5-10MM on CFO which is insanely cheap valuation!!!
TSF.C (previously BCX.C) -- COVID-19 Tracking TechI have previously posted about this opportunity when it was trading under BCX.C symbol at $1.05. The ticker and the company name have been changed to focus on their COVID-19 tracking tech. Big news today and I suspect there's more in the pipeline. This one is the real deal and could easily go into $4 - $5 range. And that is a conservative estimate in my view. Reminds me of SONA.C a little bit.
Major Singapore Construction Firm 'Boustead' to Utilize Tracesafe Products
TORTOLA, BVI / ACCESSWIRE / June 22, 2020 / TraceSafe Inc. ("Tracesafe") (CSE:TSF) announced today that Boustead Projects E&C Pte Ltd (Singapore), one of the largest construction firms in Singapore, entered into an arrangement with a local Tracesafe nominee to provide contact tracing solutions to help meet the COVID-Safe Restart Criteria published by the Singapore Building and Construction Authority. This represents the first Enterprise Contact Tracing deployment of the product suite called "AllSafe".
TraceSafe's wearable devices and cloud management software will be deployed at a Boustead construction site to facilitate contact-tracing in the event of positive confirmed cases of COVID-19. Workers who may be exposed can be readily identified by contact tracing records based on proximity of the devices worn by all workers. Social-distancing encroachments are detected and recorded, as well as alarm warnings generated in real-time for site supervisors to take immediate action. Worker assignments and team separations are also facilitated. The first deployment is expected at a select project site, and once the relevant government authority approvals and support are obtained, both parties will work toward expanding the deployment across all project sites.
The arrangement is an example of major enterprise employing TraceSafe contact tracing solutions to help reopen safely using technology to provide a safer work environment. TraceSafe continues to work to win the trust of large, respected companies and governments as part of a broader, long term safety initiative - a social distancing solution for a post-Covid reopening world.
Executive Quote
"We are thrilled that Boustead has agreed to deploy our technology at its worksite for their workers as they reopen. Singapore is one of the most rapidly industrializing countries in the world. We believe that TraceSafe solutions are well suited for this application. We could not be more excited working with Boustead." said Dennis Kwan, CEO of TraceSafe Technologies, Inc. Mr. Kwan added: "A successful proof-of-concept will position TraceSafe as a solution for construction sites and other large-scale enterprises looking to reopen safely."
Pursuant to the arrangement with Boustead, Tracesafe will provide contact tracing and social distancing wearable safety technology to Boustead construction site personnel, provide and install gateway devices at certain entrance/exit and other points around the site and provide cloud services for retrieval of contact tracing data from the tags. On proof-of-concept, the parties agreed to negotiate a definitive agreement for the deployment of Tracesafe's products in all Boustead managed worksites.
About TraceSafe
TraceSafe is a full suite of real-time location management services and contact tracing solutions enabled through advanced low power bluetooth beacons and enterprise cloud management. TraceSafe's leading cloud management solution ensures both user privacy and comprehensive administrative control. TraceSafe's patented contact tracing bracelet has already been deployed in mission critical quarantine applications around the world in partnership with leading governments. In addition to their government work, TraceSafe is developing leading edge solutions for Enterprise, Healthcare, and large-scale venue management.
BCX.C - Under the radar COVID-19 Play, OversoldOversold (hourly RSI < 20) and under-the-radar COVID-19 play. Scoring some nice contracts. Only 31M shares out. Gapped down from 1.26 with no material changes.
Ahrvo Daily Movers ⬆: Turtle Beach Corp.About Turtle Beach
Turtle Beach Corporation(ticker: HEAR) is an audio technology company. It designs audio products for consumer, commercial, and healthcare markets. The company markets premium headsets for use with personal computers, mobile devices, and video game consoles under the brand Turtle Beach (TurtleBeach.com). Under the brand HyperSound (HyperSound.com), the company markets pioneering directed audio solutions that have applications in digital signage and kiosks, consumer electronics, and healthcare. Turtle Beach Corporation, formerly known as Parametric Sound Corporation, is based in Valhalla, New York, and was founded in 1975.
Ahrvo Stock Rankings
Turtle Beach Corporation is one of only sixteen companies (out of over 7,000+ stocks we track) on Ahrvo that ranks above 90 in the AhrvoScore, Growth Score, Momentum Score, and Value Score based on the most recent daily rankings. Turtle Beach has an AhrvoScore (overall score) of 99, which is up 43 points(76%) over the last 3 months. Turtle Beach’s Momentum Score, Value Score, Quality, and Growth Score are 94, 96, 86, and 93, respectively. Over the last 3 months, HEAR’s Momentum Score and Value Value have experienced substantial growth, up 83 points( 754%) and 25 points (35%). While Quality Score is down 1 point to 86 (1%) and Growth is up 3 points to 93 (3%). Relative to competitors, Turtle Beach ranks higher across all stock scores: Ahrvo Score 99 vs. 59, Momentum Score 94 vs. 59, Value Score 96 vs. 52, Quality Score 86 vs. 73, and Growth Score 93 vs. 48. Ahrvo’s proprietary trading signal also indicates that HEAR is a STRONG BUY.
Our Take
Turtle Beach Corporation has been a top performer for quite some time. Since the market bottomed on March 23, 2020, Turtle Beach is up 125%, while the small-cap index (ticker: IWM) is up 31.5% - substantially outperforming. Growth is poised to continue as company fundamentals continue to accelerate. Industry growth is driven by secular trends and strong user demand. According to NPD Group, U.S. retail sales in the Accessories and Game Card category reached an all-time high in April (while other U.S. retail sales tanked 16.4%). U.S. retail sales significantly exceeded the previous high set in April 2018. As a company Turtle Beach’s April sales more than doubled the company’s previous all-time high. Demand for its products remained strong as 8 of the top-10 best-selling headsets YTD are made by Turtle Beach. The wireless gaming headset market is expected to grow at 13% a year through 2024, adding ~$1 billion in market value. During their last earnings call, management upgraded full-year guidance. In addition, the company has no long-term debt. The fact that Turtle Beach’s Momentum Score and Value Score have risen simultaneously, indicates that growth is keeping up with price momentum. Despite strong price action since March, HEAR is only up 21% YTD vs. -13% for the IWM. Valuation remains very cheap with a forward P/E multiple of 7.6x.
-Appo Agbamu, CFA
This material is for informational purposes only. Under no circumstances should any information or materials presented be used or construed as an offer to sell, or a solicitation of an offer to buy, any securities, financial instruments, investments, or other services. Any investment made is at your sole discretion. There are many factors that you must consider when making an investment decision, including, but not limited to, product features, risks, whether or not an investment meets your investment objectives, risk tolerance, and other personalized factors. Investing in securities involves risks, and there is always the potential of losing your entire investment.
New ASX SmallCap with 30%+ Profit PotentialHunting for a LONG on ATOMO ASX:AT1
I've been watching AT1 for a while since it came on the market and it didn't look attractive because it was so new and volatile.
However, I've since noticed that it's attempting to cross the downtrend line and also break up through resistance.
I must stress - important to wait to clear these levels before engaging. Yes, you pay more, but its a safer trade.
I'm not waiting for AT1 to clear and close above $0.36 before entering for a long.
TRADE SPECIFICS:
ENTRY - $0.37
TAKE PROFIT 1 - $0.475 - 30% PROFIT
TAKE PROFIT 2 - $0.52 - 42% PROFIT
STOP LOSS - $0.31
RISK : REWARD - 1 : 2
This is the 1HR chart I'm looking at, so assumptions are based here, however this is OK for me as I have reviewed the 4HR already and came to the same conclusions. Safe players might apply the same engagement above but wait for a close above $0.36 on the 4HR rather.
If you like my ideas, please LIKE and FOLLOW me! :-)
Reminder - this is not financial advice, simply an idea. Please do your own research before entering any trades and ensure you use risk management such as stop losses.
Remember, there is only 5 outcomes when you enter a trade:
1. Break Even
2. Small Win
3. Small Loss
4. Big Win
5. Big Loss
Eliminate #5 from your future options.
Happy Hunting!
TrendSpotter on SMALL CAPS!Hi Guys,
Does TrendSpotter work on small caps? You Betcha!!!!!
Enjoy,
Enda
BIOTRON - Primed to MOVE!Watching BIOTRON closely. 2 Scenarios:
1. Break of internal trend within the symmetrical triangle will see us return to the .065-.080 region (AREA OF INTEREST).
-We've had 2 bounces on the .382 Fib region creating a double top @ .115 Equilibrium
-Break of internal uptrend trendline.
-Currently broken the center band of bollinger bands.
-We've also had a death cross on MACD and is starting to spread.
-Waiting on break of support at .088
2. If POSITIVE results are announced shortly for any of BIOTRONS Projects/Programs (Anti Viral Drug Program, HIV Program, HBV Program) We should see a break out of Symmetrical Triangle.
-Break of downtrend possible.
-Retest of .011 Equilibrium VERY possible.
-New Market Structure will form with Higher LOW & Higher HIGH.
-Volume will be brought back into the market.
-My next target would be major resistance at .014
A very interesting company with real world prospects. I have been following them since the earlier in the year, with Phase 2 HIV-1 Clinical Trials being successful, HBV Pre-Clinical Trials and work on Anti Viral Drug Development with a keen interest on Covid-19.
These Ideas are NOT 'Financial Advice'!. Scenarios are based off a mixture of TA and Fundamentals current at the time. All IMO GLTAH. Happy Hunting!!!
DOC.C - Telemedicine services in high demand during the pandemicCloudMD Reaches Over 100,000 Registered Users on Telemedicine Platform
VANCOUVER, British Columbia, April 07, 2020 (GLOBE NEWSWIRE) -- CloudMD Software & Services Inc. (CSE: DOC, OTCQB: DOCRF, Frankfurt: 6PH) (the “Company” or “CloudMD”), a telemedicine company revolutionizing the delivery of healthcare to patients, is excited to announce that it has reached over 100,000 registered users combined on its CloudMD and MyHealthAccess telemedicine platforms. To date, CloudMD has grown its platform of registered users organically and a large part of its customer acquisition has come from referrals from its network of doctors in Canada. Patients on both platforms have easy access to the extended hours, 7 day week coverage provided by the CloudMD doctors.
Since its launch in February 2020, CloudMD has grown its platform by almost 10,000 app downloads. During the last two weeks, approximately 1000 virtual doctors appointments were booked on the CloudMD platform, growth of over 3x compared to the previous period. Combined registration on both platforms have also increased 133% over the last week, as more people remain in isolation and cannot attend in-person medical appointments.
With the recent COVID-19 pandemic, CloudMD offers Canadians an alternative to in-person visits to crowded or closed medical clinics. Patients can now download the CloudMD app and schedule a same day appointment online and connect directly with a licensed physician on their phone, tablet, or computer from the comfort of their home.
Dr. Essam Hamza, CEO of CloudMD commented, “CloudMD continues to revolutionize the way healthcare is delivered to patients. We are excited and encouraged by the continued growth of our CloudMD platform as the significant increase in registered users continues to reinforce buy-in from the communities we serve.” He continued, “During these difficult times we are proud to offer much needed and timely medical care to the Canadian population. We remain committed to providing the best health care services to our patients.”
CloudMD also announces it has engaged Strike Communication Inc. (“Strike”) to manage investor relations and corporate development strategies. Strike is a boutique capital markets advisory firm based in Vancouver, BC. As part of its compensation, Strike will be granted incentive stock options exercisable to purchase up to 150,000 common shares in the capital of the Company at an exercise price of $0.50 per share for a period of five years. 100% of the incentive stock options will vest 12 months after the grant.