BIOL Back In The Channel AgainIt's almost exhausting watching BIOL do this every time...jump, fall, jump, fall, all right back to this channel. There's an interim gap to fill from a few weeks back but still many other levels to consider IF it can break back above and out of this channel. I think volume will be an indicator to watch in consideration of whether or not this can happen.
Because dental procedures have resumed to most of their pre-covid levels, many investors are bullish on the future of Biolase. While it is affected by the pandemic, the company is working to build new strategies. This goes hand in hand with its need to continue innovating and receiving new patents. With all of this in mind, is BIOL a penny stock to watch?
Quote Source: 5 Biotech Penny Stocks On Robinhood To Watch In March 2021
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SYN Still Trying To Fill The GapThere's still a pretty big gap to fill from a few years ago but again, with a lot of biotech gaining recently, small caps could be back on the menu.
After Maxim Group upgraded SYN from a hold to a buy, shares of the biotech company dramatically increased. In addition to this, Maxim Group analysts gave a price target for SYN of $2.50. This represents a 10% or so gain from where it was before the rating. At the end of Friday, March 12th, SYN stock had shot up by over 29% to $0.92...CEO Steven Shallcross stated that “we are more encouraged than ever by this outlook for the business as we have made important progress during the fourth quarter advancing and demonstrating the significant value of our clinical development programs. With a number of upcoming catalysts later this year, we believe there is potential to continue to deliver significant value for our shareholders.”
Quote Source: 5 Biotech Penny Stocks On Robinhood To Watch In March 2021
Back At Historical S/R Level On ISRISR has been something of a sight in this market. Now, after pulling in and settling down a bit, it's back at the historic support/resistance level. With momentum acting as a tailwind in biotech stocks, overall, I'll be interested to see if it can get back above this level in more of a "calm fashion" haha.
While fewer surgeries occurred last year due to covid, IsoRay has managed to work around this, building its brachytherapy use cases along the way. CEO Lori Woods stated that “we are very pleased that we have been able to continue to make progress this quarter despite the ongoing challenges that the Covid-19 pandemic has presented. Amongst the highlights has been our continued success in expanding adoption of Celsium-131 in our core prostate market.”
Quote Source: 5 Biotech Penny Stocks On Robinhood To Watch In March 2021
AstraZeneca (AZN) Rare Investment Opportunity!AstraZeneca (AZN), W1: Support line + Bollinger bands + Hammer + Sell off
QUALCOMM (QCOM) Buy Signals on D1.QUALCOMM (QCOM),D1: Mirror level + Bollinger bands + Harami/Inside bar + Oversold + Discount
SalesForce (CRM) Great Entry Point!SalesForce (CRM),D1: Mirror level + Bollinger bands + Spinning Top + Dragonfly Doji + Oversold + Discount.
NEWMONT GOLDCORP (NEM) Buy Signals on W1.NEWMONT GOLDCORP (NEM),W1: Support line + Mirror level + Inside Bar + Bollinger bands
COLGATE-PALMOLIVE (CL) Nice Entry Point on W1.COLGATE-PALMOLIVE (CL), W1: Support line + Hammer + Spinning Top + Volumes + Bollinger Bands
Extended Wedge Bullish Bearish Neutral?It's a very wide wedge right now so lots of room to fluctuate. Will the reopening trade momentum act as a catalyst for another rebound or will NAT just chill here forever?
In its Q4 and full-year 2020 update, The company said that “We see strong oil demand, in particular from Asia for 2021…The lock-downs around the world has led to pent-up demand for many goods and services that will flourish once the vaccination program gains momentum this year…The demand will, unlike wars and financial crisis, be met by an unharmed physical and financial infrastructure that is ready to deliver on all cylinders.”
Quote Source: 5 Penny Stocks For Your March 2021 Reopening Watch List
Approaching a High Traffic Area on The ChartThe CHS stock chart is at a level where we saw some high traffic a while back. This has previously been a level of support, now apparent resistance. But can the reopening momentum act as an afterburner for the penny stock?
Chico’s FAS is another apparel retailer owning popular niche brands like Chico’s, White House Black Market, and Soma Intimates. It, too, has taken up a larger focus on digital sales. In its latest quarterly filing, Soma, for instance, saw its highest sales in the history of the brand. Comparable sales were also up over 15%, and it was driven by an uptick (over 68%) in digital sales. What’s more, total company Q4 and year-to-date digital sales increased almost 20%, according to Chico’s.
Quote Source: 5 Penny Stocks For Your March 2021 Reopening Watch List
Can't Argue Wth The Energy Trade Right NowOil and gas continue to make new highs. But don't forget to keep an eye on OPEC+. That's the only thing that has me cautious right now. With a need for more infrastructure and in consideration of the reopening trade, my guess is energy sources will be needed. Regardless, a build or increased production globally could put a dent in this bull trend. Not sure if it will be long-lasting or an interim effect. But something to keep in mind I think.
The company recently released its Q4 results and provided a fleet status report. Borr generated just over $60 million in revenue and reported a net loss of just under $47 million or around $0.22 per share. The company also explained that “even though we received broad support for the liquidity improvement plan, concluded in January, we are convinced that some opportunities remain to further improve our capital structure and liquidity in 2021.”
While the majority of oil and gas stocks still have yet to reclaim their pre-pandemic levels, a stronger focus on them right now could be supporting reasons why stocks like BORR have continued rebounding.
Quote Source: 5 Penny Stocks For Your March 2021 Reopening Watch List
Will Reopening Trigger a final Break for AHT?I know the reopening trade idea is in play right now but how strong is the sentiment? We still need stimulus to come out, more vaccines, more everything. So where does AHT go from here? Fibs look interesting too. NYSE:AHT
Aside from the industry sentiment, Ashford has been fundamentally making strides in preparation for a hopefully bullish return to the market. This included exchanging some of its preferred shares for common stock. We’ve also seen analysts take a more bullish stance on AHT. Most recently, B. Riley adjusted its price target on the penny stock. In this case it bumped the previous $2.50 target to $3 and currently maintains a Neutral rating on the company.
Let's see if travel picks up this year. If that happens, I can't think hotel operators will stay suppressed.
Quote Source: 5 Penny Stocks For Your March 2021 Reopening Watch List
NANO DIMENSION - SUPER DISCOUNTED GREAT POTENTIALCHECK OUT OUR LAST ANALYSIS REGARDING THIS STOCK BELOW
We have reached our target from a less higher time frame perspective (mid-term analysis)
while our long-term analysis still remains, we have see the new massive dip in the SPX caused by the rise of the bonds yields market.
It is not a surprise that we are witnessing a massive drop in the NASDAQ, DOW JONES, SPX as price had been at it all time highs!
Many people who have never heard of the stock market just recently jumped on the hype train and buy at the all time highs.. ouch
very painful for many new investors, this is a test to shake out the weak, and the strong will get stronger.
We are now oversold from higher time frames and can rocket to the upside at any minute, it is not NNDM's fault or any company fault for this crash, it has nothing to do with the stock it self but the bond yields correlation, but because NANO DIMENSION is relatively a small company, days like this it will get hit harder.
Find out why we love this stock here!
$SOL Descending ChannelDouble bottom support would be a good entry. Still more downside but keep on your watch list. Set an alert so you catch the bounce
Bullish Resistance Break or Bearish Breakdown Coming QEP?Shares of QEP also surged on Thursday, which continued a multi-month rally that began in late-October. In fact, since October 3th, QEP stock has climbed nearly 350% so far. It also reached a fresh, 52-week high of $4.13. The strength in the underlying oil and gas industry has helped propel momentum in the stock for months.
Biggest question might be what happens next. You've got OPEC+ seemingly at bay (for now) and even with markets selling off, QEP and other energy stocks are surging.
Something else to consider with QEP is the company’s pending merger deal with Diamondback Energy Inc. The plan is for QEP to get acquired in an all-stock transaction. The expectation on the timing of this deal is late in the first quarter of this year. Considering we’re in the final days of the final month of the quarter, that could also become a source of speculation if it hasn’t already.
Quote Source: Are Penny Stocks Worth It? These 4 Surged As Markets Sold Off
Key Level WTI - Make Or Break In Market Sell Off?Shares of WTI stock shot up huge on Thursday. This move came just a day after the company reported its latest earnings results. The oil and gas company beat on both EPS and sales. Most notably, W&T reported a loss per share of 5 cents. Though this was the case, the same year-ago period saw a loss per share of 31 cents. Sales came in at $94.75 million compared to $81.3 million.
As far as its production guidance, W&T expects 38,000 to 42,000 barrels of oil equivalent per day in 2021. The company also expects Q1 production of 1.22 million to 1.35 million barrels and 10.7 to 11.8 billion cubic feet of natural gas.
Quote Source: pennystocks.com
