Smallcaps
VEGA.CN Pulls Away from Plant-Based PeersNotwithstanding the broader downturn in both global markets and the plant-based sector, PlantX (CSE: VEGA) has been steadily tracking gains over recent weeks that leave the stock +100% over the past month as of 10:30AM Monday June 13th. Both today and Friday VEGA volume was >1M, i.e. an order of magnitude above its avg 3mo volume. From what I can see, two major catalysts may be behind this dramatic jump in SP:
-Last week the Future Markets Research Tank released an equity research report that focused in on PlantX in a broader comparison with its sectoral peers. The day following the release saw a significant jump in volume, indicating that the equity research may have exerted a strongly bullish influence on retail and institutional plant-based investor alike, in particular as liquidity contracts and investors are searching for safer plays to hedge risk to the extent possible in today's bear market.
-Today PlantX released revenue metrics for last month which are overwhelmingly positive. In May the company generated $1.5M CAD in revenue. Quoting directly from the PR, "PlantX's gross revenue for May 2022 increased by $823,842 compared to May 2021, when the Company achieved gross revenue of $717,944 net of wholesale revenue, representing year-over-year gross revenue growth of approximately 115%." Not too shabby, especially given the contraction of consumer spending power amidst sky-high inflation and worsening macro-economic conditions.
We'll see how global markets perform this week and what VEGA's trajectory forward will look like, but its safe to say that PlantX has been leading the sector in recent weeks in terms of price action gains and emerging profitibility. MACD poked its head across the x-axis today for a bullish breakthrough, and I personally am feeling optimistic.
Flying Taxis I think this is a great company and may be a good stonk for buy and hold.
Check it out, JOBY.
Potential a bottom has been found recently. I am happy to see a strong rebound, in the case major indexes suffer more downside in the near term, this chart is in a good position to form a higher low.
A long-overdue small-cap reboundThe small-cap Russell 2000 Index has been the underdog among the four major US indices since last year. Its post-pandemic rally halted in early 2021, and subsequently, it went sideways for more than a year without making new highs. Meanwhile, the tech darlings continued to go north all the way until the beginning of this year.
The first half of 2022 has been marked by widespread risk-off sentiment and a precipitous drop in the US equity market. After being down almost 30% from the high, we now find the Russell 2000 Index at significant technical support levels that we believe a meaningful rebound will likely ensue.
The Index has bounced right at the 50% Fibonacci retracement level near 1700. We also observed bullish RSI Divergence where price made lower lows, but RSI showed higher lows, suggesting the bearish momentum is waning and at the cusp of a reversal.
Entry at 1806, stop above 1680. Targets are 1880 and 2100.
Disclaimer:
The contents in this idea are intended for information purposes only and do not constitute investment recommendations or advice. Nor are they used to promote any specific products or services. They serve as an integral part of a case study to demonstrate fundamental concepts in risk management under given market scenarios.
Direxion Daily Small Cap Bear 3X Short. Is The US market crash?Is The US market crash coming ?
We have 3 types of “crashes”
Correction <15% downward movement in a major indicy
Bear Market <20% downward movement in a major indicy
Black Swan event, something very unexpected that tanks the market, think 1987, 1929, challenger disaster, 911 and so on.
The fourth type is the 1919, 1929, 1999 and 2008 scenario that people generally refer to as a “crash” 2022 a new one ?
Sincereley L.E.D In Spain 14/05/2022
Small Cap alt coins trending, Doge Doge coin is has had a major pump from the positive announcement of Elon Musk acquiring Twitter. Elon Musk/Twitter has also told the press that implementation and integration of Doge into Twitter is a future possibility which therefore drives the price upwards.
Doge also has to take into account for the Bitcoin price changes which may cause the market to crash or may cause the cryptomarket to go into an alt-season.
To support this analysis and a bullish momentum of Doge does the MACD seeem bullish, as well as an opening of the KC. The RSI may be overbought as the red candle formed but the positive trend is still overarching.
INNO Trades Steady, Outperforms the CSE25 and HMMJ Marijuana ETF$INNO.CN stock grew by +3.39% on Friday, stock opened at $0.590 and closed at $0.610, meanwhile price action is working above 20 EMA in daily chart that shows stock is bullish in nature and MACD is also showing strength in stock. RSI is close to par, indicating that current share price is fairly valued. The market cap of the company is 159.073M, and its average 3mo volume is 52k. Last week amidst pronounced downturns in major markets and indexes, INNO continued to trade steadily, and outperformed the CSE25 Composite Index alongside the TSX's HMMJ Marijuana ETF. Despite serious background volatility, the legalization of recreational cannabis use in New Jersey and its steadily progressing R&D pipeline are clear bullish indicators for INNO's LT potential
IWM back on Radar for Swing TradeDashed lines mark a few levels on chart. Sometimes zooming out in time helps to really see price trends and patterns. Here you can see price has been consolidating in a rising channel since end of Jan. The more I look at this, the more I think price will eventually break the red line and continue lower.
Signs that bearish trend continues:
> 20sma (aqua) crosses below 50 (blue)
> 100ma (purple) holds as resistance while 20/50 MA's start turning down
> RSI returns below 50
> daily close below red line with continuation lower
As I write this, price is knocking on 202, which has also been a big level for me on my 30min chart. You can see to the left that price rose steeply, and I think if this channel breaks down then price will go to 188, 180. On the weekly chart price has already turned down from 20MA and is currently sandwiched between 20 and 100 MA's.