$NNOX: Gap Fill Started, Needs to Break ResistanceCurrently it looks like Nanox on Friday have started to dramatically shift up, especially after hours with lots of the logarithmic curve that was downward already starting to curve. It still has lots of resistance given the rise of short sellers and puts, but that resistance seems to be fading. According to Algowins, when looking at short activity, the worst day in terms of test with over -49.6 was on September 15th, this was when a short seller released a report against Nanox. The "fear index" at that time was likely high. If Nanox increases in positive sentiment which looks to be the case, likely support levels can continue picking up for stable positive retest + stock growth. That said, please consider everything I say "as is", and on an opinion based basis. Do your own due diligence, and invest at your own risk.
Stockpicks
Friday May be a Good Time to Buy JUMIARight now with Jumia, I think a reentry today may actually be quite decent. Market is likely going to be extensively red today following obvious worldly news events. If you are looking to buy a potential reversal stock at a red day, JMIA may be in the radar. I feel it is also quite underrated given the potential it may have. That said, do your own due diligence and invest at your own risk.
Buy the Dips: Today is an Opportunity DayToday is a great "opportunity day" to average down, swing trade on volatility, or do buy and hold consolidations/dip buying strategies. Extremely unfortunate news, is that the US president and first lady have been diagnosed with Covid19 . Given futures, and market option, today looks to have lots of red or at least some bearish correlations. Pre-market especially will be brutal, and close may get intense. Panic selling on any red day or creating losses over opportunities, usually doesn't end well. That said, do your own due diligence and invest at your own risk.
NNOX: Logarithmic Curve FlatteningNanox has had quite alot of resistance after the short sellers' reports. However, the resistance seems to be slowly fading away. Right now, there is still alot of resistance and short pattern volume. The logarithmic curve for a bearish pattern seems to be curving, and it looks like it is slowly garnishing momentum and picking back up support levels. If Nanox is able to keep and garnish trader's interest, their could be possibility of a reversal soon. Either way, the long term potential seems to be there. I am long on this. That said, do your own due diligence and invest at your own risk.
$5 ACB Entry Worth the Risk?ACB seems to be extremely oversold, and though it is high risk, I may purchase or watch some shares as a catalyst to see where the pattern goes. There seems to be somewhat of a possibility that we have reached a bottom. If resistance breaks, this can trigger another bull run. Keep in mind though, this risk is still high considering all the bearishness. That being said, invest at your own risk and do your own due diligence. Everything I say is on an opinion based basis.
AMST: Decent IPO EntryAny entry for AMST under $5.50 I believe is decent. I think the stock is poised to go up and garnish some major support levels. Current target is at 115% current price. It is mid to high risk for an IPO surge, but I feel like the support level patterns at open usually follows that of the IPOs expected to garnish surge support. That being said, do your own due diligence and invest at your own risk. Consider everything I say on the basis of opinion.
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.
On the Watchlist: FNKO and HLFNKO entry was at $6 and $HL was at $5.28. Target: 15 to 20%+. FNKO currently has had alot of resistance and is on alert for likely to pickup support. HL recently dipped along with the rest of the market. I am bullish on both with some mid to high risk diversification. That being said, do your own diligence and invest at your own risk. Please consider everything I say as on an opinion based basis.
Could LAC go up on Battery Day Too?Right now, a stock that have interested me is $LAC. Currently, I was neutral on it, but am leaning towards a potential bullish sentiment. The support levels have been picked up to the point where it seems like high risk for a correlation. However, given battery day, I think that this still may have a higher support level for an even more incremental spike (Off of Tesla sentiment believe it or now). Once that spike happens, perhaps it would be time for a healthy pullback strategy + reentry on a swing. That being said, do your own due diligence and invest at your own risk. Please don't take what I say as actionable financial advice. Everything I say as always is on an opinion based basis, and taken "as is".
Unity Software: Support Line at $68Unity is one of those unique cases where I wanted to invest, but the opening seemed too high. Now for a long position, a decent entry target for riding a wave might be at $68 with potential correlation patterns upwards to $70+. If I were still interested, I would likely do buy at $68, with target to $85 and a stop loss at $66.25. That being said, do your own due diligence and invest at your own risk.
CMPS: $34+ TargetRight now, I think that CMPS has at the bear minimum a $34 target, and likely one should do risk analysis to see if they might want to continue from there. Probably a wide range auto sell with stop loss for a long position might not be too bad later on as well. Support levels seem to be picking up on this one. That being said, do your own due diligence and invest at your own risk.
The Dip Retracement Potential -> NWGI Long IdeaRight now I have a similar sentiment as I have had with PENN on the NWGI idea and market. Suggested entry was at $1.90. I'm bullish that it is starting to pickup current support levels after the previous dip and you may see a positive retest and bull run continuation afterwards. That being said, do your own due diligence and invest at your own risk. Please consider everything I say "as is" or on the basis of opinion.
eBay Long StrategyMy entry is at $48.49 and I'm expecting resistance towards $48.75 and the $50 levels. My long target is upwards of $56+. Right now, I think eBay recently had a downtrend correlation, but is about to pickup some support levels for where it left off. I consider it low to mid risk as a long term hold. That being said, do your own due diligence and invest at your own risk.
Support Line for Sumo @ $25Right now, currently I think that the support line for SUMO which I called yesterday is $25 as a decent entry. $25 being a bit pricier than the $22 expected open price, but still quite reasonable for a long position. I think resistance may not pop it more then that point. That being said, do your own due diligence and invest at your own risk. Consider everything I say "as is" or on an opinion based basis.
How I became Bearish on SNOW and FrogI been waiting for the Snowflake IPO and JFrog IPO for a while. Weeks ago, when hearing about how much the proposed price for Snowflake could be, I already became bearish. The same happened with JFrog. Then they increased, and seemingly increased even more in price. Those who invested super early into the IPO on the trading floor or accredited investors who even got pre-ipo shares are already seeming to be holding some pretty decent paychecks. The price also seems too high to attract many retail investors. This happens with some IPOs, and usually it is a putoff. That being said, invest at your own risk and do your own due diligence. Everything I say is on an opinion based basis, not meant to warrant actionable financial advice.
KODK LONG "company finds no laws broken with loan announcement"Kodak's stock rockets on heavy volume after committee hired by company finds no laws broken with loan announcement
Shares of Eastman Kodak Co. KODK, 51.36% rocketed 51.9% on very heavy volume in premarket trading Wednesday, after a special committee hired by the digital imaging and printing systems company to investigate how it disclosed a U.S. government loan found that no laws were broken. Trading volume topped 16.9 million shares, making the stock the most actively traded ahead of the open, and compared with the full-day average of 21.4 million shares. The committee found several governance concerns at Kodak surrounding how the news of the $765 million government loan was announced, but nothing illegal. The Wall Street Journal reported. The stock had soared 1,481% in three days after news broke that it received a $765 million government loan to help make drugs at U.S. factories, but the WSJ reported that the Securities and Exchange Commission launched an investigation as the stock started rallying before Kodak announced the news. Kodak's stock has climbed 34.0% year to date through Tuesday, while the S&P 500 SPX, 0.12% has gained 5.3%.
TITLE/(DATE)- KODK stock
ASSET- STOCK
PLATFORM-Robinhood
ORDER TYPE- BUY
Time Frame-1hr
ENTRY PRICE 1- $9.00 (market)
ENTRY 2- $5.00 (pending)
STOP LOSS- $2.00
TAKE PROFIT 1-$14.00
TAKE PROFIT 2- $18.00
TAKE PROFIT 3- $24.00
TAKE PROFIT 4- $30.00
TAKE PROFIT 5- $34.00
TAKE PROFIT 6- $40.00
STATUS: Active
BRIEF-DFC To Provide $765 Mln Loan To Eastman Kodak Co To Support Launch Of Kodak Pharmaceuticals
July 28 (Reuters) - U.S. International Development Finance Corporation:
* U.S. INTERNATIONAL DEVELOPMENT FINANCE CORPORATION - TO PROVIDE $765 MILLION LOAN TO EASTMAN KODAK CO TO SUPPORT LAUNCH OF KODAK PHARMACEUTICALS
* DFC - KODAK PHARMA TO MAKE CRITICAL PHARMACEUTICAL COMPONENTS IDENTIFIED AS ESSENTIAL BUT HAVE LAPSED INTO CHRONIC NATIONAL SHORTAGE, AS DEFINED BY FDA
* DFC - DFC’S LOAN TO ACCELERATE KODAK’S TIME TO MARKET BY SUPPORTING COSTS NEEDED TO REPURPOSE & EXPAND EXISTING FACILITIES IN NEW YORK & MINNESOTA
Sector: Electronic Technology
Industry: Electronic Equipment/Instruments
Employees: 4922
Eastman Kodak Co . engages in the provision of analog and digital innovations. It operates through the following segments: Print Systems; Enterprise Inkjet Systems; Kodak Software; Brand, Film and Imaging; Advanced Materials and 3D Printing Technology; Eastman Business Park, and All Other. The Print Systems segment comprises of prepress and electrophotographic printing Solutions. The Enterprise Inkjet Systems segment includes prosper and Versamark business. The Brand, Film and Imaging segment involves includes industrial film and chemicals, motion picture, and consumer products. The Advanced Materials and 3D Printing Technology segment offers kodak research laboratories and associated business opportunities and intellectual property licensing. The Eastman Business Park segment includes the operations of the Eastman Business Park, an acre technology center and industrial complex. The All other segment composes RED utilities variable interest entity. The company was founded by George Eastman in 1880 and is headquartered in Rochester, NY.
Bullish on SAIIU and SAQNCurrently, I am seriously considering an entry in SAIIU. Given recent predictions I have had with blank checks and/or acquisitions, I am actually confident with this one. I think CuriousityStream is an interesting startup, and the second tech company will also be quite interesting. Subscription and software as a service space is in high demand right now. Looking at Jonathan Huberman, I like some of the stuff he works with. That being said, invest at your own risk and do your own due diligence. Everything I say is on an opinion based basis.
ORACLE CORP WINS TIK TOK DEAL (ROCKET TIME)TikTok has reached an agreement to sell its U.S. operations to software giant Oracle, a landmark deal that could redefine how the U.S. and China square off over the reach of their homegrown technology companies.
Oracle has reportedly won a deal to manage TikTok’s US cloud operations. Oracle had been rumored to be part of the bidding process to acquire TikTok, but The Wall Street Journal reports that the company has been selected as a “trusted tech partner” instead. This is different from an outright sale, and appears to suggest Oracle will be helping run TikTok’s US operations with its own cloud technologies.
News of an Oracle deal comes just an hour after Microsoft revealed it was no longer acquiring TikTok after its bid was rejected by TikTok owner ByteDance. Microsoft had been pursuing a deal to buy TikTok’s operations in the US, Australia, Canada, and New Zealand. It’s clear talks have swayed away from a full acquisition, with Oracle reportedly winning the bid to be a technology partner instead.
President Trump signed an executive order August 6th blocking all transactions with ByteDance, and the order demanded an American company purchase TikTok’s US business. The EO was intended to take effect within 45 days, although the president later signed a follow-up order giving ByteDance 90 days to sell or spin off TikTok in the US. This does not supersede the original deadline, though. As Department of Commerce secretary Wilbur Ross told The Verge: “Per the 45-day period outlined in the Executive Orders, the Department of Commerce is operating under a deadline of September 20th.”
An inverse or reverse head and shoulders pattern is also a reliable indicator which can also signal that a downward trend is about to reverse into an upward trend. ... The final rally after the third dip signals that the bearish trend has reversed and prices are likely to keep rallying upward.
HCAC: Bullish Entry Alert!HCAC right now looks like it is set to garnish support as a SPAC with Canoo likely garnishing up hype for bullish support levels. At this price, I think a breakout could still be imminent. I also am seeing a positive sentiment. That being said, invest at your own risk and proceed with caution. As always, everything I say is on an opinion based basis. Please do your own due diligence.
Tesla Target: $525 by OctoberRight now, I think Tesla is expected to have some serious dips quite soon. It has been the post-split period and people were getting excited the first few days. However, some people still may be able to make a buy and hold consolidation strategy work for them. Nothing wrong with selling and then rebuying at a safer price or collecting dips before this surges. I'm at the position where I like Tesla as a car company and nothing more, nothing less. I think Tesla might even be the car company, which is a big difference between a car company. Many people have compared Tesla vehicles to computers on wheels at this point. I'm not a fan of some of Elon Musk's other companies, but as for Tesla, he have been managing it quite well. Likely he will hit production quotas again. That being said everything I say is on an opinion based basis. Please proceed with caution at your own risk. Do your own due diligence.