Stockstotrade
ROKU Potential Bull Flag PatternThe renewed fears of Covid-19 are supporting one of the streaming leaders Roku (NASDAQ: ROKU) again, which keeps the new bases for the second-quarter earnings' expectations remain strong.
The stock is showing strength recently after violating the downward sloping trendline. The prices are currently attempting to confirm the formation of a potential bull flag pattern.
We're looking for the breaking out of this flag after a strong bounce from the 100 Fibonacci retracement level, So prices could target $433.70 - $460.30 levels before hitting the bullish pattern's target - if confirmed - at $530.
Splunk (SPLK) Stock Buy Signals on W1Splunk (SPLK),W1: Support line + Breakout of resistance line + Volume + Sell off
CIDM support vs 200DMA approaching...CIDM approaching 786 fib, which has continued to be a resistance level since last summer. It's held above this a few times, but in general, CIDM has failed to break above more times than it has successfully remained higher than this level. However, current potential support has fluctuated on the price scale but remains consistent vs the 200DMA (in red) for the last few months.
"Only a few days ago, it announced that it was forgiven for a $2.2 million Paycheck Protection Program (PPP) loan. East-West Bank paid off not only the loan in full but the principal and interest of the PPP loan as well. This is a big deal and should reflect positively on the companies balance sheet moving forward. While the number may not seem that large, any debt reduction is almost always met with positive sentiment from investors.
“We are very pleased to receive the notice of forgiveness of our entire PPP loan and associated interest. We remain grateful for the financial support that the CARES Act provided in response to the COVID-19 pandemic. This helped Cinedigm move into a very solid position now financially with virtually no debt and a fast-growing streaming business.”
Gary Loffredo, President, and CEO of Cinedigm
The sentiment from Loffredo shows that investors should keep a close eye on CIDM’s next balance sheet. Because debt is a large factor for how positively investors see a company, this massive reduction should be considered. So, with all of this in mind, is CIDM on your list of penny stocks to watch right now?"
Quote Source: 7 Top Penny Stocks to Watch That You Probably Haven’t Heard Of
Possible ADY Long Position!ASX:ADY
SELF DEVELOPMENT/METHODOLOGY/PSYCHOLOGY
SMP Strategy
Market Direction: Long Position
Chart time frame - Daily
Timeframe - 30 days
A – Activating Event
Market will meet support in zone @ current levels - ... . In order to enter into this trade, the pair MUST be in line with my Entry Procedure....
B – Beliefs
Market will move towards the first Target 1 level @ 0.03
C - Fundamentals that may affect the pair
N/A
D - Trade Management
Entered @ .....
Stop Loss @ .....
Trailing Stop Loss@.....
Target 1 @ 0.03
Target 2 @ ....
Risk/Reward @ 1.4
Happy trading :)
Follow your Trading plan, Remain disciplined and Keep learning !!
Please Follow, Like,Comment & Follow :)
This information is not a recommendation to buy or sell. It is to be used for educational purposes only!
Possible AUZ Long Position!!ASX:AUZ
SELF DEVELOPMENT/METHODOLOGY/PSYCHOLOGY
SMP Strategy
Market Direction: Long Position
Chart time frame - Daily
Timeframe - 30 days
A – Activating Event
Market will meet support in zone @ current levels - ... . In order to enter into this trade, the pair MUST be in line with my Entry Procedure....
B – Beliefs
Market will move towards the first Target 1 level @ 0.04
C - Fundamentals that may affect the pair
N/A
D - Trade Management
Entered @ .....
Stop Loss @ .....
Trailing Stop Loss@.....
Target 1 @ 0.04
Target 2 @ ....
Risk/Reward @ 1.4
Happy trading :)
Follow your Trading plan, Remain disciplined and Keep learning !!
Please Follow, Like,Comment & Follow :)
This information is not a recommendation to buy or sell. It is to be used for educational purposes only!
BABA BUY/LONG NOW READY! 216.80 301.70 By End 2021!TICKER CODE: BABA
Company Name: ALIBABA GROUP HOLDINGS LTD
US Stocks Retail Trade Internet Retail
Position Proposed: BUY (Long-Term)
FOMO BUY ENTRY: 216.80 (NOW READY)
NEXT BUY ENTRY: 213.40
1st Partial Take Profit: 301.70 (End 2021-Early 2022)
2nd Partial Take Profit: 363.25 (End 2022-Early 2023)
NOTE THAT THE TIMELINE IS ONLY AN ESTIMATION
Stop Loss: 165.00
Technical Analysis
1. LARGE Rising Channel
2. Fibonacci Retracement at 0.786
3. 1st Partial Take Profit is at Fib Ext Level 1 Grey Zone (Safe Zone)
4. 2nd Partial Take Profit will be at trendline resistance level as well as level 2 of Fib Ext Blue Zone
5. Stochastic Expected to hit Stable Range then rise to overbought levels
6. the current market is a Break and currently retesting the previous resistance
7. Short-Term Timeframe (4hrs/Daily) has an impulse flagpole with a pennant (Continuation Pattern)
Z25 BUY/LONG NOW READY! 1.20 TO 1.55 by SEPT 2021TICKER CODE: Z25
Company Name: YANLORD LAND
Industry: FINANCE. REAL ESTATE DEVELOPMENT
Position Proposed: BUY/LONG
Entry: 1.15-1.20 (NOW BUY READY)
1st Partial Take Profit: 1.55 (SEP 2021-NOV 2021)
2nd Partial Take Profit: 1.70 (EARLY 2022)
3rd Partial Take Profit: 1.95 (JUN 2022-AUG 2022)
4th Partial Take Profit: 2.60 (EARLY 2023)
Stop Loss: 0.95
Technical Analysis
1. On a Weekly Basis, a Potential Descending triangle may form,
which indicates a BUY to 1st-2nd Partial TP levels.
2. Flagpole + Falling wedge formation indicating a BUY position.
3. Inverse H&S formation indicating a BUY position.
4. Confluence between key levels, and diagonal levels indicating a BUY position.
-TRADERPROSIGNALS
Y92 BUY/LONG ENTRY SOON!! 0.635 TO 0.845 BY MAY 2022TICKER CODE: Y92
Company Name: THAIBEV
Industry: CONSUMER NON-DURABLES. BEVERAGES: ALCOHOLIC.
Position Proposed: BUY/LONG (NOT READY!!)
Entry: 0.635 (EARLY AUG 2021-SEPT 2021)
1st Partial Take Profit: 0.715 (NOV 2021-JAN 2022)
2nd Partial Take Profit: 0.845 (MARCH 2022-MAY 2022)
3rd Partial Take Profit: 0.900 (JUL 2022-SEP 2022)
4th Potential Take Profit: 1.075 (EARLY 2023)
Stop Loss: 0.485
Technical Analysis
1. FLAGPOLE + Falling Wedge Indicates a Potential BUY
2. Small Inverse H&S indicates a Potential BUY
3. Fibonacci Expansion Provides further indications of BUY opportunities.
4. RSI may indicate an oversold position SOON to push our BUY ENTRY.
-TRADERPROSIGNALS.
DIS SHORT/SELL TO 135.45 THEN LONG/BUY BY END OF 2021TICKER CODE: DIS
Company Name: WALT DISNEY COMPANY
Industry: CONSUMER SERVICES. CABLE/SATELLITE TV
Position Proposed: SHORT/SELL TO LONG/BUY (NOT READY FOR BUY)
1ST BUY Entry: 135.45 (END OF 2021-EARLY 2022)
2ND BUY ENTRY: 128.80
1st Partial Take Profit: 222.50 (EXPECT EARLY 2023-MID 2023)
2nd Partial Take Profit: 277.00 (END 2024)
Stop Loss: 117.00
Technical Analysis
1. Head & Shoulders forming the second shoulder as we speak therefore,
BUY entry should be plausible by END of 2021
2. Fibonacci Retracement and Expansion Coincide with H&S Price Range.
3. Flagpole and Falling Wedge formation coincides with take profit levels mentioned.
4. Many confluence levels happening around BUY entry levels!
-TRADERPROSIGNALS.
C8R SGX BUY/LONG NOW READY! 0.075 to 0.235 by End 2023!TICKER CODE: C8R SGX
Company Name: JIUTIAN CHEMICAL
Singapore Stocks Process Industries Chemicals: Specialty
Position Proposed: BUY
BUY ENTRY: NOW READY (0.075-0.090)
1st Partial Take Profit: 0.150 (End 2021)
2nd Partial Take Profit: 0.235 (End 2023)
3rd Partial Take Profit: 0.270
Potential Take Profit: 0.365
Stop Loss: 0.065
Technical Analysis
1. LARGE INVERTED HEAD & SHOULDERS PATTERN (PARTIALLY COMPLETE)
2. Area of Confluence on EMA 60 & structure level
3. 1st Partial Take Profit would very likely push RSI to overbought levels which
would reject back down to new support structure
4. 1st Partial Take Profit will also be the Take Profit of Completion of Head & Shoulders Pattern
5. 2nd/3rd Partial Take Profit will be at the key level zone which is also near potential resting sell orders
6. Potential Take Profit will be at the Take Profit of Assumed Bigger Head & Shoulders Take Profit Level
OPTT BUY/LONG NOW READY! 2.30 to 2.40 by ARD DEC21TICKER CODE: OPTT
Company Name: OCEAN POWER TECHNOLOGIES, INC
Industry: US Stocks Producer Manufacturing Electrical Products
Position Proposed: BUY/LONG
Entry: 2.30-2.40
1st Partial Take Profit: 3.55-3.60
2nd Partial Take Profit: 4.10-4.15
3rd Partial Take Profit: 5.10-5.15 (~Dec 2021)
Stop Loss: 1.75-1.80
Technical Analysis
1. Descending wedge/Pennant (completed and broke out)
2. MEGAPHONE forming at a bigger time frame
3. 1st Partial Take Profit will be at next major structure level & Fibonacci retracement at 0.786
4. 2nd Partial Take Profit will be at the next major structure level & Fibonacci retracement at 0.618
5. 3rd Partial Take Profit will be at 100% of flag pole length
DISCA BUY/LONG NOW READY! 29.00-31.00 by End Aug 2021TICKER CODE: DISCA
Company Name: DISCOVERY, INC. - SERIES A
Industry: US Stocks Consumer Services Cable/Satellite TV
Position Proposed: BUY/LONG
Entry: NOW READY 30.20
1st Partial Take Profit: 39.85 - 40.00 (~Aug21)
2nd Partial Take Profit: 50.15 - 50.30 (~Sep21)
3rd Partial Take Profit: 69.45 - 69.60 (~Nov21)
NOTE THAT THE TIMELINE IS ONLY AN ESTIMATION
Stop Loss: 26.20
Technical Analysis
1. Falling wedge/pennant (Almost complete; waiting to breakout)
2. 1st Partial Take Profit is at the next resistance level; may experience some retracement
3. 2nd Partial Take Profit is at the next major structure level
4. 3rd Partial Take Profit is Fibonacci Retracement at 0.786 & also 100% of the pole length
ENG BUY/LONG NOW READY!!! 3.30 TO 4.95 BY JUL-SEPT 2021TICKER CODE: ENG
Company Name: ENGlobal Corporation
Industry: Industrial Services, Oilfield Services/Equipment
Position Proposed: BUY/LONG
Entry: NOW BUY READY!! ( 3.30-3.40 )
1st Partial Take Profit: 4.95 (JUL 2021-SEP 2021)
2nd Partial Take Profit: 6.20 (END 2021-EARLY 2022)
Potential 3rd Take Profit: 8.65 (Mid 2022)
Stop Loss: 2.60
Technical Analysis
1. Flagpole+Falling Wedge BROKE through indicating a BUY position.
2. Inverse H&S commonly seen At the end phase of (1) indicating a BUY position.
3. Fibonacci Expansion in favor of a BUY position to Mentioned TP levels.
4. Market Closed above Resistance Line (DAILY)
TRADERPROSIGNALS
10/20%+ gain possible for Corsair Gaming IncWe are currently at support and since march we didn't make new lows. The first ressistance is around 33.20$~ and needs to break and close above for achiechving it as support.
Limit buy: between 31.64-31.47 $
My first take profit: 35.49$ (12%+) and second take profit: 38.82$(23%+).
What do you think about corsair gaming?
ATOS BIG BUY/LONG POTENTIAL 2.65 to 140.00 By Mid 2022!ICKER CODE: ATOS
Company Name: ATOSSA THERAPEUTICS, INC
Industry: US Stocks Health Technology Medical Specialties
Position Proposed: BUY
FOMO BUY ENTRY: NOW READY (4.00-5.20)
NEXT BUY ENTRY: (2,65 - 3.35)
1st Partial Take Profit: 140.00 (Mid 2022)
2nd Partial Take Profit: 200.00 (Mid 2024)
3RD Partial Take Profit: 320.00 (2027)
1st PARTIAL SHORT TERM TP: 30:200
2nd PARTIAL SHORT TERM TP: 140.00
Stop Loss: 3.00
Technical Analysis
1. FALLING WEDGE PATTERN (COMPLETED )
2. HEAD & SHOULDERS PATTERN (PARTIALLY COMPLETE)
2. Area of Confluence on EMA & structure level
4. Fibonacci Retracement at 0.618 OR 0.786
5. Safest Take Profit will land 80 % equivalent to the length of head and neckline
level 2 of Fibonacci Expansion Blue Zone
IVR BUY/LONG NOW READY! 3.5-3.65 by SEPTEMBER 2021TICKER CODE: IVR
Company Name: INVESCO MORTGAGE CAPITAL INC
Industry: US Stocks Finance Real Estate Investment Trusts
Position Proposed: BUY
BUY ENTRY: READY (4.00)
2nd BUY ENTRY: 3.5 - 3.65
1st Partial Take Profit: 7.00 (August-September 2021)
2nd Partial Take Profit: 10.00 (October-November 2021)
3RD Partial Take Profit: 15.00 (June-July 2022)
Stop Loss: 2.00
Technical Analysis
1. Bullish Pennant in 1H timeframe
2. Inverse Head and Shoulders (Forming Head)
3. Double Bottom
4. Safe Take Profit on Fibonacci Extension 1.0 Grey Zone
5. 2nd Partial Take Profit on Structure level and Fibonacci Extension 1.618
6. 3rd Partial Take Profit on Structure level and Fibonacci Extension level 2.618
Caution: If chart falls to 2.5-3.2, there may have sideward movements before shooting up.
FLGT BUY/LONG NOW READY! 66.00 to 152.00 by August 2021!TICKER CODE: FLGT
Company Name: FULGENT GENETICS, INC
Industry: US Stocks Health Services Medical/Nursing Services
Position Proposed: BUY (66.50-67.00)
BUY ENTRY: READY (66.50-67.00)
1st Partial Take Profit: 81.35 (July 2021)
2nd Partial Take Profit: 118.00 (End July 2021)
3RD Partial Take Profit: 152.00 (August 2021)
Stop Loss: 46.00
Technical Analysis
1. Falling Wedge PATTERN (PARTIALLY COMPLETED)
2. Area of Confluence on EMA & Trend line & Structure level
3. Fibonacci Retracement at 0.786
4. Safest Take Profit will land at next key structure level
5. 2nd Take Profit will land at the 2nd key structure
6. 3rd Take Profit Profit will land equivalent to the Flagpole length and at key structure level.
C38U BUY/LONG NOW READY! 2.10 to 2.65 by End AUG/SEPT 2021TICKER CODE: C38U
Company Name: CAPLAND INTCOM T
Industry: FINANCE. REAL ESTATE INVESTMENT TRUSTS
Position Proposed: BUY/LONG (NOW READY!!)
BUY ENTRY: 2.00-2.10
1st Partial Take Profit: 2.65 (AUG 2021-SEPT 2021)
Potential 2nd Take Profit: 3.05 (END of 2021)
Stop Loss: 1.85
Technical Analysis
1. FLAGPOLE + Rising Wedge Occurring, 4 touchpoints established,
POTENTIAL BUY/LONG to mentioned prices by end of SEPT 2021.
2. Inversed H&S forming now, with the completion of the second shoulder,
it might POTENTIALLY push the market to mentioned prices.
3. Fibonacci Expansion indicates a rebound at 0.618 levels,
providing further evidence of a Push-up.
DO BE WARNED IF THE CHART REACHES THE FIRST TAKE PROFIT, IT MAY DO A REVERSAL.