7R AEON1HR CE reaction followed by strong break of significant trendline.
30% chance of success.
7R trade. 1% risk to 7% reward.
AEON trade ideas
#1.) AEON → CL: $0.22 → 52wk-L: $0.16 / 52wk-H: $17.17 - Setup?AMEX:AEON
AEON appeared on a custom TV scanner I created, here are somethings I believe are worth considering:
- Avg Vol: 5.06m / 1/7 Vol: 48.30m
- Public offering announced 1/5, crashing stock by 66% - (Offering close 1/7).
- HUGE Volume in the last two days, just hit 52wk-L...
- Penny stocks have been rocketing lately, this one is primed IMO..
- Accumulation has risen and held above recent dip while just above 52wk-L - (dip-7/15/24)
- TF: D → VP-POC: $0.18 / TF: 5m → VP-POC: $0.19 / TF: 1m → VP-POC: $0.23
- According to Fintel – Shorts Available: 0 (Just info, not laying my neck on accuracy) S-Shot.
- Avg Vol (30d): 5.06m – Today’s Vol: 48.30M.
- It held $0.20 AH / Higher lows all day.
– Nearly x8 daily volume / Bottom heavy VP.
Overall:
Stock is really beat down off of the public offering.
I don’t see it going much lower based on the chart review, 52wk-L, and PA strength viewed on 1/7/25. The last two days carry the largest volume candles currently printed on the daily chart.
This is a risk play obviously being pharma – but overall, when I’m looking for strength, I like to see large orders confirm my thesis.
If this gets attention, then I see some real movement. Price is @ ½ of companies offering price – Moving quickly to $0.50 would put it on even more radars. Looks good AHs...
Cheers 🍾
$2.85 Very Clean ABCD Pattern @ ~2 pm LONG Potential Break-Out over day highs at 3.30s Swinging this overnight, the goal is 3.20-3.30
Long at 12,14 and target 14.THIS IS NOT SHORT IDEA!!! Expecting a fall to 12,14 and rejection back to the final target. Enter just after clear rejection on 4H chart. Then set conditional SL, if any two 4H candles closes below the SL zone, cutloss your trade. No rejection at 12,14 = no trade. Don´t fall to the trap by buying lower because the more favorable price. You will made your trade "superrisky". Wish you good luck.
