SPCB trade ideas
SuperCom (SPCB) [KalaGhazii]SuperCom (SPCB) stock is rising Tuesday without any clear news.
However, shares are seeing heavy trading this morning.
This might be due to SPCB being a penny stock.
SuperCom (NASDAQ:SPCB) stock is rocketing higher on Tuesday despite a lack of news from the cyber security company.
There are no new press releases or filings with the Securities and Exchange Commission (SEC) that explain why the stock is up today. On that same note, no analysts are offering new coverage of the shares that would cause today’s rally.
However, that doesn’t mean SPCB is moving without reason. Investors will note that the company’s shares are experiencing heavy trading on Tuesday. That has some 15 million shares on the move as of this writing. For comparison, its daily average trading volume is about 408,000 shares.
One thing that traders will want to keep in mind is that SPCB is a penny stock. This comes from its low closing price of 36 cents yesterday, as well as its market capitalization of just $2.164 million.
SPCB: Logscale Bullish GartleyThere is a bit of Bullish Diovergence here as we hit the PCZ for the first time; though it'd be even better if overtime we got a local Double Bottom at the PCZ and fromed Bullish Divergence within that range. Besides that I can see some potential in this stock pulling some crazy stuff if this Gartley plays out and think it's worth paying it some attention.
$SPCB Next Target PTs .75-1.25 and higherSuperCom Ltd. provides digital identity, Internet of Things and connectivity, and cyber security products and solutions to governments, and private and public organizations worldwide. It offers MAGNA, a common platform for national ID registries, e-passports, biometric visas, automated fingerprint identification systems, digitized driver's licenses, and electronic voter registration and election management. The company's PureRF suite is a solution based on RFID tag technology to identify, locate, track, monitor, count, and protect people and objects. Its PureRF suite comprises PureRF tags, hands-free long-range RFID asset and vehicle tags, PureRF readers, PureRF activators, and PureRF initializers, house arrest monitoring systems, PureTag RF bracelets, PureCom RF base stations, GPS offender tracking systems, PureTrack, PureBeacon, PureMonitor offender electronic monitoring software, inmate monitoring systems, DoorGuard tracking station, and personnel tags. In addition, the company offers domestic violence victim protection systems. Further, it provides connectivity products and solutions comprising AVIDITY WBSac, BOLSTER WBSn, BreezeULTRA P6000, Arena controller, and BreezeNET B. Additionally, the company offers Safend's Encryption Suite that protects the organization's sensitive data; and designs solutions for carrier Wi-Fi, enterprise connectivity, smart city, smart hospitality, connected campuses, and connected events. It sells its systems and products through local representatives, subsidiaries, and distribution channels, as well as independent representatives and resellers. The company was formerly known as Vuance Ltd. and changed its name to SuperCom Ltd. in January 2013. SuperCom Ltd. was incorporated in 1988 and is headquartered in Tel Aviv-Yafo, Israel.
SPCB waiting for enter opportunitySPCB looks promising, the average target is $1.80.
I suppose there will come a even better entry sooner or later, just wait.
The pattern looks like many bullflags, always with high volatility.
Entry points and targets are mentioned in the chart, could end up in a good swing. I would add slowly from the entry 1.
$SPCB is gonna fall todayPupm&Dump trading strategy idea.
$SPCB is rising too much today.
The demand for shares of the company looks lower than the supply.
This and other conditions can cause a fall in the share price today.
So I opened a short position from $1,42;
stop-loss — $1,51;
take-profit — $1,24.
Do not view this idea as a recommendation for trading or investing. It is published only to introduce my own vision.
Always do your own analysis before making deals. When you use any materials, do not rely on blind trust.
You should remember that isolated deals do not give systematic profit, so trade/invest using a developed strategy.
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$SPCB Wins COVID-19 Quarantine Project $3 Million per MonthSuperCom Wins COVID-19 Quarantine Compliance Project with the Israeli Government Valued at an Estimated $3 Million per Month in Recurring Revenues
Initial project term of 3 months, with potential extension for up to 36 months
This nationwide project is expected to commence next week, along with contract signing, for an initial term of 3 months, with an option to be extended for up to 36 months. The project is billed at a per-unit per-day rate is expected to generate approximately $3 million per month in recurring revenues for SuperCom. However, revenue may increase or decrease based on actual usage.
finance.yahoo.com
Sabra Capital Partners places a $7 target on SupercomSeeking alpha: Sabra Capital Partners places a $7 target on Supercom. Explosive Potential, Limited Downside: We view the base level value of the Company to be $7.00 per share based on a multi-year estimate that revenues will rebound back to $35mm. High conviction.
While none of its coronavirus tracking pilots have materialized into a formal, large scale contract, news is gaining momentum in the Company’s backyard, Israel.
seekingalpha.com
$SPCB Long ideafundamentally, this company is right on time (tech company tracker, digital identity, cyber security, and all the chaos goin on at the close of this election) but looking at the chart, bullish pennant formed on the 1hr time frame and smaller, volume has spiked in the last day or so. been in somewhat of an uptrend (kinda choppy) since las week of november. on the smaller time frames you also see the bounce off the 50MA and clear following of an upwards trend i expect it to go to 1.50+ in coming days
I Expect $SPCB to retrace past June 24 PivotRight now, looking at the charting patterns and the current pivot correlations for SPCB, I think it should retrace past the June 24th pivot and the resistance curve may be broken soon. My sentiment is positive, and I am overall bullish long thinking this might be a good entry for some of you. That being said, everything I say is on an opinion based basis. Invest at your own risk and do your own due diligence. Please don't take this as serious advice warranting actionable financial events.
I'm still Bullish on $SPCBFirst off, please don't take anything I say seriously or as financial advice. As always, this is on an opinion based basis. That being said, I know the markets are trying to shorten this stock and you see a lot of volatility. However, this is one of those battles between the bears and the bulls. You have people dropping and shortening too early, and then you have investors with patience and lots of nerves. This is also why some people don't put stop/losses for some of these stocks sometimes. It is one of those stocks that would be a dream if you can day trade, and a nerve wrecker if you can't. However, overall I am looking for this to be quite bullish and the continued stable growth pattern is there. I reiterate most of my previous points.
My Current Watchlist ~ June 9thFirst off, please don't take anything I say seriously or as financial advice. As always, this is on an opinion based basis. That being said, my current watchlist at least for this upcoming week is $SPCB, $SLNO, $MARK, and $AIM. I think I am expecting alot of bullish activity with these, and already went over the charting, pattern retracements, and resistance curves/levels. That being said, they are very volatile. Investing and monitoring your trades are at your own risk.
4 Stocks I will watch like a HAWK this WeekFirst off, please don't take anything I say seriously or as financial advice. As always, this is on an opinion based basis. That being said, looking at the logarithmic patterns for the pricing for these stocks, some of the hype, and support lines, these are the four stocks I will be watching like a hawk this week. Definitely interested to see how it goes towards Thursday, while paying attention to volatile movements that can be quite bearish or quite bullish. Anyways, will see how these play out. They may also be worth a long, but too early to be for certain as I like turnovers and compounding / trying not to push my luck too much with certain stock categories.
Post $1.25 Entry ~ $5 Short Term Target for SPCBFirst off, please don't take anything I say seriously or as financial advice. As always, this is on an opinion based basis. That being said, kind of wish I was into this stock. These are still a dime in a dozen that the market is so bullish these days. That being said, watch out if this explodes to the moon!
SPCB - Watch for a shortThis could go up on you... but the buying volume is ridiculous so unless some crazy news hits I can't see this holding for long. Remember penny stocks are penny stocks for a reason. They fail for a reason. Trading them is fine, holding them and hoping they do something crazy... not so much.