48North - The Small Cap Cannabis Company To WatchI have maintained a long thesis on 48North Cannabis Corporation since October 2018, and the trade worked wonderfully into March of last year. However, 48North pulled back alongside the entire cannabis sector, and rightfully so on some of their own missteps.
As a brief introduction, I believe 48North's competitive advantage stems from their outdoor grow operation, creating a low cost of goods operating model that will enable 48North to price products competitively and reward investors with higher gross margin performance when compared against the peer group. It should be noted that 48North missed their production guidance for 2019- resulting from delayed licensing for drying rooms. In 2019 48North demonstrated that outdoor grown cannabis can be completed at scale, at a low cost, and successfully pass Health Canada's quality control standards.
From a chart perspective I'm considering the Elliott Wave ABC pattern to be completed with a clean retracement & double bottom at $0.315 - neatly correlating with the 161.8 fib extension of Wave A
Current Market Cap: $63M
Cash on Hand: $40M
It is my opinion that 48North's cash position reduces the need for any capital injection through 2020. Frankly- it is going to be in the hands of 48North to demonstrate in 2020 that they truly can achieve their projected outdoor harvest numbers with drying capacity not being a barrier in 2020.
Smallcaps
Long on KBE WHY KBE? KBE - tracks an equal-weighted index of US banking stocks. Meaning, The big boys (Banks) and the smaller ones gets an equal -weight.
With small cap ( IWM ) leading the major index last week and the finance sector ( XLF ) being under the radar with good earnings, we might c a major breakout 2 the whole finance sector.
In the technical point of view' i identify one of my favourite pattern , The ascending triangle.
With that said, We might c KBE gets the upside i am waiting 4.
Small, Mid and Large cap stocks with TrendSpotter!Hi Guys,
Using TrendSpotter to plot winning moves in Small, Mid and Large cap stocks. Exciting times!
Thanks,
Enda
Small Cap Heaven!!!Hi Guys,
Some fantastic moves on the Small Cap side of things. The Pharma stocks are on fire! TrendSpotter was in the thick of it catching some moves.
Enjoy,
Enda
Buy IWM Tuesday to profit from the January effectThe "January effect" is a seasonal phenomenon in which small-cap stocks (especially those trading near their 52-week lows) tend to outperform large cap stocks. IWM, a Russell 2000 ETF, will likely continue to dip until Tuesday as investors sell off their losers at the end of the year for tax and reporting purposes. That makes Tuesday a good time to buy the fund in order to profit from the January effect. In January and February of 2019, the Russell gained about 5% against the S&P. It's relatively cheap vs. the S&P right now, having greatly underperformed for the last 18 or so months.
AII.TO -- Christmas Liquidation SpecialDeeply oversold at .43 (Daily RSI = 21) with a single seller reloading the ask. Trading at major discount to recent financing of .635. Last tranche is yet to close, so this is most likely one of the participants unloading a position. Stock tends to swing wildly when it gets oversold so I would not be surprised it will be back in the .60s after the iced ask is taken out.
Small-Caps May Be Set For Pull BackThe iShares S&P Small-Cap ETF has been in a bearish wedge pattern on its daily chart since early October. The price is once again testing the resistance line. The price is near an overbought condition while generating a bearish divergence on the RSI indicator.
I am targeting the support line of this wedge pattern first. If the price is able to break down through that support line then I will look at the $80.30 price level noted on the chart.
IWM - Watch out for rejection/double topTicker: IWM
IWM broke daily resistance of 161.93 during the trading day of Friday, 12/6/2019. However, it did not close above it which.
Clearly bears are trying to push the price down and we will see this Monday 12/9/2019 to see if we can break and close about 161.93.
If bulls do, expect bulls to keep going.
If we reject, it would be a double top and expect bears to pour it on.
Should be a good week for the Russell 2000IWM, a fund that tracks the small cap Russell 2000 index, has been trading in a range for the last few months. When the large caps broke out above their all-time highs, the Russell held back and stayed range-bound. Today, however, the fund broke out above the top of that range at 161.11. Assuming that it confirms the breakout by closing the day above that price, we should see IWM continue to move higher and perhaps test its August high at 173.39.
Large caps in my opinion have gotten ahead of themselves and look very expensive right now, so the opportunity in the market would seem to be in small caps. Check out this chart showing their current relatively inexpensive valuation compared to the S&P 500:
Small caps tend to outperform in a low interest rate environment, so in the next 6 months I expect IWM to climb back up to .58-.60 per share vs. the S&P from its current level of .52.
Reabold Resources - Price about to head upstreamBuy Reabold Resources (RBD.L)
Reabold Resources PLC is a United Kingdom-based investment holding company. The Company is focused on investing in upstream oil & gas projects. The Company’s projects include Reabold California, Wick UK, Oulton UK, Parta Romania, and Colter UK. Reabold California, which include monroe swell redevelopment, monroe swell drilling, west brentwood, and grizzly island.
Market Cap: £60.5Million
Reabold shares have corrected lower in recent weeks and support seems to have been found close to an unfilled gap at 0.846p. Volumes have picked up in recent sessions and the shares are breaking above downtrend resistance. Looks like it could be an interesting play from here.
Stop: 0.75p
Target: 1.0p
Target 2: 1.25p
Target 3: 2.0p
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Jubilee Metals - Speculative longJubilee Metals has corrected lower in recent weeks to retest the breakout level of 2.80p and slightly below this at the 61.8% Fibonacci support level. The large reversal today is an encouraging sign which the shares set to close above the 10EMA. It’s also been noted that trading volume has been consistently above 50k for the past 90 days. It looks an interesting level to accumulate.
Target: 3.74p
Stop: 2.55p
Russell 2000 a long-term buy and hold to outperform S&P 500The Russell 2000 is near a support level relative to the S&P 500. As Fred Imbert of CNBC reported last week in his article "Small-cap stocks are primed to outperform large caps over the next 10 years," small caps tend to outperform large caps in the 12 months after the Fed cuts rates. With two rate cuts already this year and more likely on the way, small caps should be primed to outperform in 2020. And right now, they're cheap compared to large caps. The whole market is probably overvalued right now, given trade risks and weak earnings, but this is especially true of large caps. Buying the S&P 500 near all-time highs in the middle of an earnings recession and a trade war is just foolish. For a long-term buy and hold investment, small caps are the segment of the market to buy right now.
Hurricane Enery - Buying the bottom of the rangeBuy Hurricane Energy (HUR.L)
Hurricane Energy plc is engaged in the exploration of oil and gas reserves principally on the United Kingdom Continental Shelf. The Company's acreage is on the United Kingdom Continental Shelf, West of Shetland, on which the Company has approximately two basement reservoir discoveries, each containing approximately 200 million barrels of oil equivalent (MMboe).
Market Cap: £827.54Million
Hurricane Energy is trading in a neat range on the daily chart. The support at 38p has held successfully and the shares look set to close above the 10EMA. This could be a sign that bullish momentum is about to return. The upper end of the range comes in at 60.70p which is our short to medium term target.
Stop: 36.4p
Target 1: 60.70p
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t.me
Flowtech - Go with the floBuy Flowtech Fluidpower (FLO.L)
Flowtech Fluidpower plc is a United Kingdom-based distributor of technical fluid power products. The Company operates through two divisions: Flowtechnology, which is geographically split into Flowtechnology UK (FTUK) and Flowtechnology Benelux (FTB), and Power Motion Control (PMC). FTUK and FTB focus on supplying distributors and resellers of industrial maintenance, repair and operation (MRO) products, primarily serving urgent orders rather than bulk offerings. The PMC division is engaged in the design and assembly of engineering components and hydraulic systems, which are managed by component supply along with a service and repair function.
Market Cap: £64.98Million
Flowtech is trading in a neat range between 98.5p to 165.5p on the daily chart. The company pays a dividend, which is quite rare of a small cap business. The recent ex-dividend date has been shrugged off with no real impact on the share price. There is an unfilled gap at 120.5p, which is our first target, beyond that we believe the share price could climb towards 149.5p, then 165.5p.
Stop: 95p
Target 1: 120p
Target 2: 149p
Target 3: 165p
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Bango - More upside expectedBuy Bango (BGO.L)
Bango PLC (Bango) offers the Bango mobile payment platform. The Company's principal activity is the development, marketing and sale of technology to enable mobile phone users to make payments for digital content and media on smartphones and tablets. The Company's segments include End user activity and Platform fees. The End user activity segment includes the content access fees paid by end users for accessing chargeable content provided by digital merchants, adjusted to take account of whether Bango is agent or principal in the transactions.
Market Cap: £94.28Million
Bango has formed a bottom pattern on the daily chart. The double bottom completed on the move above resistance at 130p. The shares have been in consolidation mode in recent weeks but now look set to head higher over the short to medium term. We have major resistance around 198.5p, which also lines up with the 61.8% Fibonacci resistance level at 192.5p. We expect to see the short term sequence of higher highs and higher lows continue.
Stop: 115p
Target: 192.5p
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US Small Caps with a nice Chance to Risk play on the short sideI am expecting that a bigger 5 wave move to the upside has been finished in the US Small Cap Index. Therefore we should see a corrective ABC move to the downside with the C wave still to come. This setup is valid as long as we don't make any new ATH, should we move over the 76.4% retracement this setup already becomes questionable, however at the moment it looks well intact.
1D) Short AAOI 22% since last alert. But the bearish pattern confirmed it's a short candidate from now.
Russell 2000 - The bigger picture...On a daily chart, the Russell is looking great, however, on the weekly chart shown above. The Russell is reaching a resistance on what we can see is a downtrend of lowers highs, and lower lows .
Take profits and protect your gains. This is a very bearish flag.
ZNGA can reach $8Zynga currently offers a very bullish set-up
Multi-year break out
followed by weeks of consolidation
IWM continues to HOLD supportIWM is within a 2 year channel with distinct points.
Lower end (red arrows) around $144-$145
Upper end (black arrows) around $160
Highlighted areas are times in which we breached those areas.
Yesterday the IWM traded down as low as $144.25, buyers stepped in to drive the ETF up.
Buyers have stepped into and bought around that area for the past 2 years.
Solid support.
Resistance of $160 is just as solid.
Greatland Gold - Small cap gold miner about to rally?Been watching this lately as it has been appearing in my scans. The trading volume appears to have been quite consistent in recent weeks and trend of higher lows is encouraging.
The close above the 10 EMA is a cue to buy and target the resistance above.
Target: 2.55p
Stop: 1.644p
BSE Small Cap support Zone rangeBSE Small Cap is near Long term support Zone range....Lets see, whether how much time it spent in this zone....
