Stockanalysis
EVRI to $8 $EVRI #EVRIEveri holdings really got my attention.
Great company with great fundamentals. I've been trading mostly stocks for the past 2 weeks as they have better volatility than crypto and forex.
Anyways,
here's the insight. Case of $8.
EVRI broke out of the short term bearish trend line at around $5. The high of the day was $7.19. really close to $8.
This is a retest and will definitely hit $8 soon. as you can see it is hovering around the second trend line and will most likely bounce up again.
Also a good trade long term. Earning Report coming up in August 10, 2020. And I think they will smash the estimates.
I have a short term price target of $8 as it was a previous support became resistance.
and a mega target for $15.
Bullish Entry for PLAY, Next Zig Zag Positive Wedge: $17.50 LongRight now, I think it is low to mid risk to have an entry on PLAY for a $17.50 long target. I think the upcoming wedge in the Zig Zag pattern is likely going to be positive, and it is one of the stocks you can buy and have a close watch on. It already passed the high risk period for bearishness, and the market cap is quite low. As always, this is on an opinion based basis and pursue at your own risk.
I'm Short on Wayfair, here is whyThere are logical reasons on why Wayfair might meet some resistance quite soon. Looking at the previous bearish run and the current curve, it looks like the fractals are already setup towards its peak for the current wedge. Right now, slight resistance can trigger the bullish pattern quite easily to retest and retrace back downwards. I feel it is too risky of a buy. That being said, everything I say is as an opinion based basis. Sale, hold or buy at your own risk. Pursue your own due diligence as this is not meant to be taken as actionable financial advice.
Look at the Percents: Tesla is Going to be $5k by 2022First off, please don't take anything I say as financial advice or seriously. As always, this is on an opinion based basis. That being said, looking at the sentiment for Tesla, this is literally just the beginning. Elon Musk has a series of launch goals and production quotas still ahead in the Tesla roadmap, and outside of the EV bubble, this stock is still setup to be making some serious cash. With everything going on, Tesla is much more than some electric car company. It is becoming an industrial conglomerate, research firm and alternative energy supplier. They also have ever growing brand equity value.
ML: $2.10 CAD Target by End of OctoberFor those of you who are interested in the lithium surge and want to see a stock that I am quite interested in, I am looking at ML at the Toronto Stock Exchange as having potential for nice and sturdy growth. Right now, I think the bullish run should continue and if I were you, I would likely see how this may end up playing out as a long hold. Ofcourse, you can also mitigate risks by shortening and rebuying, but overall between now and the next upcoming quarter, I expect positive growth correlations. As always, proceed with caution. Invest at your own risk. Everything I say is on an opinion basis as always.
ROKU's Next Level Target: $175 by End of AugustLots of indicators are going crazy with this one, and I seen the past wedges. Many people are also extra bullish given Netflix sentiment. I think realistically, Roku is expected to be on the positive trend level and that $175 by the end of August is a really sustainable and conservative goal. It may be quite high in the green today, but I think the party is just getting started for Roku. That being said, please don't take anything I say seriously or as financial advice. As always, this is on an opinion based basis.
SHLL Could Retrace towards $35First off, please don't take anything I say seriously or as financial advice. As always, this is on an opinion based basis. That being said, I expect SHLL to have the resistance curve broken quite soon and when it does, a retracement should happen. I believe the next wedge correlation pattern is towards the $35 price point. Manipulation can be heavy w/ bear raiders or small/micro cap funds, this is especially given its market cap is only $672M. That being said, I am cautiously bullish.
TESLA: Earnings Expectancy is Postive + Covid19 Vaccine?Tesla (as I stated prior), seems to be a gift that keeps on giving. Elon Musk is meeting production quotas for Tesla, and now Tesla is even working on being manufacturing partners for Covid19 Vaccine drug makers. This may potentially be a first step into upgrading Tesla into either a large holding company or industrial conglomerate. Either way, it is definitely good news and reasons to be quite bullish on the future of the automaker (who now has alot of brand equity value as well). I am upgrading my level 2 target to be $1.5k by September. As always, this is on an opinion based basis and not meant to be taken as actionable financial advice. Pursue at your own risk.
$GBTC is Dipping TodayFirst off, please don't take anything I say seriously or as financial advice. As always, this is on an opinion based basis. That being said, given the current downward trends and the market's performance today, as well as my previously bullish statements, I would say you can still get $GBTC at a profitable position today given the 9% decrease (Though not a big SGBTC fan over just getting actual crypto).
Past Mini Bearish Dip, more Surge --> Now Take $IZEA ProfitsFirst off, please don't take anything I say seriously or as financial advice. As always, this is on an opinion based basis. That being said, I previously predicted a bearish run for IZEA. It ended up dropping below the $2 level, but quickly retracing positively (to my surprise). However, I think it is heading towards a risky zone. I feel like you can take the profits now or set a sell order at $3 if you want to be extra risky, and just dip. This surged so much, and I feel like it is better to take the profits if you can rather than wait. You can then reinvest later on to mitigate risk.
I'm still Bullish on $SPCBFirst off, please don't take anything I say seriously or as financial advice. As always, this is on an opinion based basis. That being said, I know the markets are trying to shorten this stock and you see a lot of volatility. However, this is one of those battles between the bears and the bulls. You have people dropping and shortening too early, and then you have investors with patience and lots of nerves. This is also why some people don't put stop/losses for some of these stocks sometimes. It is one of those stocks that would be a dream if you can day trade, and a nerve wrecker if you can't. However, overall I am looking for this to be quite bullish and the continued stable growth pattern is there. I reiterate most of my previous points.
Tried buying this at $0.14, went at $0.30 will Retrace Past $1+First off, please don't take anything I say seriously or as financial advice. As always, this is on an opinion based based. That being said, I have been watching the stock known as $ADOM quite closely. It is an electrification company focused on trucks that was earlier $0.14 at the OTC markets. The demand surge in the morning was high w/ even many hedge funds, small caps and institutional investors picking up on it. Volume was at an all time high. Few cents decrease here and there doesn't matter to me for stocks that are VOLATILE. I am seeing this easily go up by huge percentage points, and am interested to see if support lines continue and resistances can be broken. I may shorten it later and re-entry once it surges or keep this for a very very long time. A company like this which went humbly down to startup status is underrated. You have early stage corporations like NKLA and then you have stuff like this that doesn't have brand equity value. I don't' like speculative investing or paying way more than a company is worth. This is why I shortened NKLA and said it is better to invest in what has more percentage growth potential. I don't care about fancy graphics as much as I care about fair market value and growth potential. Once I remove the bias of excitement from the flair, it lets me make more informed trading decisions. A stock like ADOM is still extremely high risk, so do your own diligence. However, the fact that it is getting picked up and I expect some positive news quite soon makes me all the more bullish.
Continued Bullish: Next $MBIO Target at $5First off, please don't take anything I say seriously or as financial advice. As always, this is on an opinion based basis. That being said, I previously predicted you should shorten $MBIO at $4.02. That was too conservative a bit, but you could have invested in higher growth stocks between then and now, as the most important thing is growth in the shortest time periods. If you had a chance of growing at $0.22+ per share vs. comparatively being able to grow at $0.25+ per share at the same time period, what would you pick? Now, I am saying it is worth it to some (who may not want to diversify in the types of stocks I'm diversifying now) to get $MBIO as a not too risky pick and set it at a $5 sell-off target. Resistance will be there, but the volatility may not be as bad compared to other stocks of similar cap and price in the market. That being said, I rather invest in some other stocks besides this given my risk tolerance and appetite for higher growth periodicals.
$OLED at a target of $175 LongFirst off, please don't take anything I say seriously or as financial advice. As always, this is on an opinion based basis. That being said, I am bullish on OLED and can easily see a price increase of at least to the $175 range by early August (likely sooner). Consumer electronics demand is also expected to surge in the retail markets given easing up of Covid19 restrictions, and the supply & demand curve should adjust accordingly as a result.
Upgrading my Position to a Short: $NKLAFirst off, please don't take anything I say seriously or as financial advice. As always, this is on an opinion based basis. That being said, NKLA's trend worries me. I was very bullish prior, and if you followed my advice you could have likely seen a decent percentage growth. However, now it is getting to the risky side and I feel like I have more data. Higher chance of it going down to $57 over up to $120. This is what happens when you have really large spreads, it is a speculative stock, volume too high, and people too optimistic. I feel like it is better to take profits and find another IPO or stock to piggy back off of rather than taking the risk. I feel the stats are likely closer to 43% going up, 57% going down. I have also updated my previous position. Sell, sell, sell and mitigate the risk. If I am wrong, I am wrong but the price growth have been too much given the statistics. When things are too good to be true, I don't like pushing luck further than necessary. This is especially true when more info and data is involved.
My Current Watchlist ~ June 9thFirst off, please don't take anything I say seriously or as financial advice. As always, this is on an opinion based basis. That being said, my current watchlist at least for this upcoming week is $SPCB, $SLNO, $MARK, and $AIM. I think I am expecting alot of bullish activity with these, and already went over the charting, pattern retracements, and resistance curves/levels. That being said, they are very volatile. Investing and monitoring your trades are at your own risk.
SLNO: Buying the Dip, BullishFirst off, please don't take anything I say seriously or as financial advice. As always, this is on an opinion based basis. That being said, SLNO (which I been watching for a while), caught my interest again. I think today given the price decrease and retracement expectancies, it currently looks like a price dip is happening. I expect the sale target to be close to the $3.55 range, making this quite bullish.
This can potentially be $5 by SeptemberFirst off, please don't take anything I say seriously or as financial advice. As always, this is on an opinion based basis. That being said, IDEX have spiked today and we can all see bullish correlations as well as lots of continued support. I am expecting this to potentially even hit a $5 price by September, but don't like long positions over compounding. Keep this on the watchlist guys, also wait until maybe this is more in the red before buying.
4 Stocks I will watch like a HAWK this WeekFirst off, please don't take anything I say seriously or as financial advice. As always, this is on an opinion based basis. That being said, looking at the logarithmic patterns for the pricing for these stocks, some of the hype, and support lines, these are the four stocks I will be watching like a hawk this week. Definitely interested to see how it goes towards Thursday, while paying attention to volatile movements that can be quite bearish or quite bullish. Anyways, will see how these play out. They may also be worth a long, but too early to be for certain as I like turnovers and compounding / trying not to push my luck too much with certain stock categories.
The Low Cash, Mid Risk WatchlistFirst off, please don't take anything I say seriously or as financial advice. As always, this is on an opinion based basis. That being said, hypothetically if one had only $1000, how would they invest for the next month? I decided to devise a list of these 9 stocks that still could potentially be quite bullish for some longs. For the penny stocks in order to mitigate risk, I recommend only spending $200 on them with $120 of that at least allocated towards IDEX (Remember this is a long hold list). The rest of the $800 is devised on how you see fit based on thorough analysis which you can go and see what people are saying on StockTwits or Zacks . It wouldn't hurt though if you are an amateur to just try splitting the $800 evenly with the non-penny stocks. You can also try just spending $111 on each of those stock picks instead of $200 on Penny stocks and $800 on regular. Really how you want to diversify is up to you, as I think these stocks should be stable in general. That being said, this would be the watchlist I would monitor for a month or so if I was a student or a beginner. As always, risk is on you and take this on the basis of opinion.
Easily will Surpass $120, Mark my Words!First off, please don't take this seriously or as financial advice. As always, this is on an opinion based basis. That being said, I been following this since it was $48, and then I saw it hit $52.40 at noon. I knew this was going to blow up. Nikola has been blowing up. One of the biggest bull runs ever I seen for EVs. Now it closed at $73.27, and post market already grew by $14. The support is definitely there. I was originally going to say it will hit $100. It looks like it can surpass now even $120 quite soon.