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Fib Levels On AEHR Going WAY BackHad to take the AEHR chart all the way back out to 2017 to find some levels to plot. Took the fib retracement and look what we found: high traffic area around the 236 level. Tested it for the first time since 2017 and failed to break & hold. After pulling back, AEHR came within testing distance of the 382 level. After such a huge extension it will be interesting to see if it ends up consolidating above this level or if it tests (or breaks below) it. "If we consider that the market for computer chips is extremely in demand right now, we see just why AEHR is getting so much attention. While it is not a producer of these chips, it does work as an ancillary company in the industry. In the past six months, shares of AEHR stock have rocketed higher by around 31%. Over the past twelve months, that number shoots up to over 45%... Only recently, Aehr Test Systems won a $2.9 million follow-on order for its FOX-XP Wafer Level Test and Burn-in system as well as multiple WaferPak Contactors from its lead silicon carbide customers. While this alone is not a be-all-end-all deal, it is a big step for the commercialization of its products. Additionally, large orders tend to help with the notoriety of a product and can lead to more orders in the future... ...While many gains with penny stocks occur without news, AEHR made an exciting announcement in the early morning on Monday. The company stated that it received a $10.8 million order for its silicon carbide test and a burn-in customer regarding its FOX-XP systems its WaferPak product... " Quote Sources: 7/12: 5 Top Penny Stocks on Robinhood That You Should Check Out in July 7/19: 3 Top Penny Stocks For Your Monday Morning Watchlist
NASDAQ:AEHR
by PennyStocks101
Who's WISHing for a Retest?WISH simple fib retracement using recent lows revealed some levels on the chart. The 786 fib has been a relatively frequent area of traffic for the stock. Meanwhile, 618 fib line was previously a level of support the continued to get tested but didn't break until recently. With WISH testing 618 as short-term resistance last week and 786 as potential support on Friday, it will be interesting to see if these levels remain the channel for WISH if/when it continues this consolidation trend. Other than the usual social media excitement, also take a peek at the filings which should show the latest Form 4 coming out last week (7/15), which revealed that Brett Just Chief Accounting Officer, sold more shares. This adds to the growing number of Form 4s that have shown selling from insiders.
W
by PennyStocks101
CIDM Showing Signs Of LifeI drew the fib retracement starting from March 2020 lows and sure enough, it pinpointed a few key levels, the 786 fib line being one of them and CIDM is testing that as we speak. Depending on the volume and if this news event has some legs, CIDM could be one of the penny stocks to watch this week. A lot will likely come down to how it will close the day on 7/15/2021. "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." Quote Source: 7 Top Penny Stocks to Watch That You Probably Haven’t Heard Of Then today, the company reported preliminary fiscal Q4 results.It said consolidated revenue came in at $8.3 million, with streaming channel sales up 197% versus the prior-year quarter and 39% sequentially over last quarter, according to a regulatory filing. Streaming/digital revenue grew to 75% of group sales in the quarter versus 48% in the prior-year quarter. Also, CIDM announced a payoff of the remainder of its Prospect Digital Cinema loan in the amount of approximately $3.5 Million, effective July 9, 2021. Revenue from the sale of certain digital cinema equipment enabled the debt reduction and balance sheet improvement.
C
by PennyStocks101
3
DPLS Playing out vs FibsDPLS has played out almost perfectly against the Fibonacci retracement so far. Considering that it was denied around $0.20, retraced the move back to the 786 fib line, which is also around 10/11 cents or about 0.005 shy of where DPLS got denied during the June rally is interesting. If you look at levels, around 4/5 cents in February was a resistance that couldn't be broken through until June. Then after DPLS was denied at nearly 10 cents, where did it pull back to and hold above? The 5 cent area. The volume will be something to pay attention to if DPLS is still on your watch list following the denial at the 618 fib and retracement back to the 786 in my opinion. Now the focus is where does DPLS find its new range? Based on the historical chart, which so far has come through, 13-15 cents was a previous area of traffic the last time DPLS was trading consistently above 10 cents. Will that become the interim pivot point in this latest move? "Systems can quantify strains and stresses, adding to the safety profile of common industrial components. This includes monitoring structures such as pipelines, perimeters, aircraft components, and mining safety among others. Recently, the company announced the planned acquisition of TerraData Unmanned, PLC. This is a drone company that offers underwater inspection, 3D modeled mapping, and a variety of other services. 'As DarkPulse continues to build best in class technology service offerings to the critical infrastructure/key resources market we look for teams such as TerraData to bring experienced personnel and leading-edge equipment allowing the Company to operate AI-assisted inspection services in all mediums including land, sea, and air. TerraData’s ability to work in difficult marine environments with accuracy, efficiency, and expert results while eliminating risk to humans is a game-changer.' - DarkPulse CEO, Dennis O’Leary" We'll have to see what happens next based on company news and technicals Quote Source: 7 Top Penny Stocks to Watch That You Probably Haven’t Heard Of
OTC:DPLS
by PennyStocks101
DPLS Overextension or next leg?It's been a LONG time since DPLS traded at these levels. Had to take the chart back out to 2018 to draw out these fib lines and wouldn't you know it, the 618 is a major level to keep watch of. Both May '18 and Sept. '18 the DPLS rallies were denied at or near this level. It managed to hold as support during the summer months. But again unable to sustain those levels. Now that DPLS is approaching this level again, it could be important to keep the 618 fib in mind. There haven't been any significant pullbacks on the chart so this could be a major over extension and big risk factor to also throw in the mix. Like most charts like this, volume is going to be the guide for what could come. Though it was higher on Friday compared to Thursday, both day's levels were much lower than the recent average daily volumes. “'As DarkPulse continues to build best in class technology service offerings to the critical infrastructure/key resources market we look for teams such as TerraData to bring experienced personnel and leading-edge equipment allowing the Company to operate AI-assisted inspection services in all mediums including land, sea, and air. TerraData’s ability to work in difficult marine environments with accuracy, efficiency, and expert results while eliminating risk to humans is a game-changer,' said DarkPulse CEO, Dennis O’Leary. This is big news for the company and is more than likely the cause of the almost 100% gain witnessed with DPLS stock in the past five days. With this in mind, is DPLS worth keeping an eye on in July 2021?" Quote Source: 7 Top Penny Stocks to Watch That You Probably Haven’t Heard Of
OTC:DPLS
by PennyStocks101
VEON 52 Week Highs But Long Way To GoVEON finally popped its head over that pestering resistance level that it failed to break for months. Now the real fun begins (so to speak). It's back in this no-man's land that it hasn't traded in for some time. What I'm watching is to see if the resistance level finally becomes a new support. Then the tall task: filling and breaking back through that old gap. "Veon Ltd (NASDAQ: VEON), for example, provides connectivity and internet services. In Pakistan, its operating company, Jazz, recently secured a roughly $320 million syndicated credit facility from a banking consortium led by Habib Bank Limited. This facility will finance the company’s ongoing 4G network rollouts and technology upgrades, among other things." Quote Source: Best Penny Stocks To Watch Now? 10 Top Epicenter Stocks For Your List
NASDAQ:VEON
by PennyStocks101
Go BBIG or Go Home? Key Levels382 Fib looks like a decent level of resistance on the BBIG chart right now. But with an uptick in volume today and some extra attention on social media, it's going to be interesting to see how things pan out. Between excitement around NFTs and the whole social TikTok competitor aspect, there's enough of a story to follow: "Vinco Ventures is a penny stock that we’ve covered numerous times in the past few weeks. During that time, investors had been anxiously awaiting updates surrounding the acquisition of Lomotif Private Ltd. by it and its subsidiary ZASH Global Media and Entertainment. The pair plan to sign a final agreement and Plan of Merger on or prior to June 24th of this year, which is big news for shareholders. For some context, Vinco Ventures is an acquisition company, working on digital media and content-based companies. Its main strategy is known as B.I.G. or Buy. Innovate. Grow." Quote Source: Hot Reddit Penny Stocks to Buy? 10 That You Should Know About
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by PennyStocks101
Versus Systems is tempting a strong support levelIt has been bouncing off the 200 daily candle EMA since March. I do not think it will break that support and start a downtrend, on the contrary, I consider it to be a good entry point. "Versus Systems Inc is a Canada based company. The company is engaged in the technology sector and is developing a business-to-business software platform that allows video game publishers and developers to offer prize-based matches of their games to their players. " NASDAQ:VS
NASDAQ:VSLong
by amateur_trad3r
Will Fans...Unite?FANS back at historic resistance from a few weeks ago. With the murmurs of excitement in esports, looks like things are picking back up from related names. The biggest question is will the momo keep going or does it fail at resistance again? Still really light on the newsflow so could just be sympathy sentiment driving momentum. "FansUnite has also achieved several fundamental milestones in the last few months. Namely, the company entered a brand partnership with Cash Live Inc. The goal of this deal is to launch FansUnite branded live games on the Cash Live mobile app. The company already has a minority interest in Cash Live, which offers a free-to-play gaming app designed for mobile devices. The tech start-up has a poker and social casino game show platform with daily live-streamed shows paying out real cash to winners." Quote Source: 4 Hot Penny Stocks To Watch Today Ahead Of Esports Industry Growth
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by PennyStocks101
Back at the Gap for LLNWLLNW back at historic support/resistance and right below a historic gap level from 2019. Right now this level is acting as resistance and has done so for weeks. No news isn't always good news but hopefully, the company starts getting more vocal: "Not much has been announced since its last round of earnings. However, the company mentioned “formalizing broader plans to evolve” its offerings beyond video to “take advantage” of its network during low peak times. “We plan to hold a strategy update session in early summer. An announcement of the date and participation details will be shared approximately one month in advance of the event,” said CEO Bob Lyons earlier this year. So as summer begins, LLNW stock could be in focus." Quote Source: 4 Hot Penny Stocks To Watch Today Ahead Of Esports Industry Growth
L
by PennyStocks101
Is this just a Fib or is SLGG gonna finally make a move?Obvious play on words but clearly SLGG is testing that same resistance that lines up with the fib line itself. Esports conversations are beginning again. I'm wondering if this will be another cycle for these stocks. "Shares of SLGG stock have steadily climbed over the last month. In fact, between May 14th and June 14th, Super League’s share price has jumped from around $4 to just under $6 this week. One of the things that helped supercharge Super League was a bullish analyst rating from HC Wainwright last month. The firm started coverage on SLGG stock with a Buy rating and a $6 price target. As the penny stock approaches that target price, it looks like traders remain bullish on the company. A few weeks ago, Super League announced the acquisition of Mobcrush. According to the company, this helped establish one of the largest “verifiable and addressable audiences of passionate gamers in the US.” Mobcrush operates a live streaming tech platform, which boasts a roster of gaming influencers and more than 4.5 billion accumulated fans * subscribers across social media sites." Quote Source: 4 Hot Penny Stocks To Watch Today Ahead Of Esports Industry Growth
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by PennyStocks101
PLTR Downward Channel BrokenWith tech indices gaining much-needed momentum last week, lower bond yields helped push Palantir past a key level in price action. Since December of 2020, PLTR had been trending in a downward channel- with lower lows and lower highs being established. On June 2nd, the price seemed to have broken out of that channel and may indicate a reversal in price action if bond yields can continue to decrease. Another move to note was the clear push past its 50-day moving average- a very bullish sign. In 2020, Palantir generated $1.1 billion in revenue, up 47% year-over-year. Their average revenue per customer was $7.9 million, up 41% year-over-year. Palantir has built its business with customers in the largest defense industry institutions like the U.S. Army, U.S. Navy, and CIA and companies like IBM, Amazon, and Airbus. Because of this, it is important to always keep an eye out for big contracts as their main source of revenue growth (for now).
PLong
by ClargyInvesting
NVIDIA Buy the Retrace for 25% - 45% Gains 1D TF Analysis Well respected Ascending Channel Printing Higher Highs and Higher lows with a new ATH Printed on the 2 June I would like to see a back test of the $590/$600 * 0.618 Fib region before continuation to the upside targeting the 1-1 Fib Extension for a 25% move which sits at the middle of the channel and the 1.618 at the top of the channel for a 45% gain. I have highlighted the box for entry and depending on your appetite for risk you can place SL below the last swing low at 530 or more wider at 450 again this is for you to decide this is just an example . Plan the trade and trade your plan , Know your invalidation and always use a SL . Like and follow for regular analysis and signal setups and check out the related ideas below .
NASDAQ:NVDALong
by SJTRADESFUTURES