When you look at the trading volume and compare it to the first 8 months of 2020 you will find out since September trading volume has become 3-4 x ! In the next few days we will see if their attempt paid off.
This May sounds crazy but we are about to experience the 1-2 best weeks of the market in 2020. If you think fundamentally it is not possible, that’s ok, just watch..!
This Futuristic Technology company has 17.5 million shares, and in the last 5 days trade volume was 70 million and price increases 50%. By looking at the trade volume pattern you simply find out what is going on in this company..! IMO this is just a beginning and soon we will surpass the ALL TIME HIGH which is 32.50.
Possible move:30-68% Reward/Risk: 3-7 (R/R>3 is Ideal) Time frame: 1-12wks
Pharma giant will grow slowly but steadily in the next couple of weeks
IMO we may see 17800-17200 buy the end of this week, although the long term outlook for Bitcoin is Bullish. Please check my October 21st and Nov 26th Bitcoin analysis to have a better idea about what I’m talking about.
It is my technical view, not a comment on the fundamental..! I can make you confused you by a crowded messy chart, but I would rather simple effective presentations..!
11% gain with R/R:3.13, wait for it to get out..!
Wait for it to get out of consolidation..!
In the last 4 months, DXY has tested this level and each time bounced back. This time could be different because by moving side way it actually got out of the downward channel..! We should wait and see if it could get out of the box! Either side is possible.
This is not about fundamental, it is just about technical analysis! this company has only less than 290 million shares! now look at trade volume in the past 4 weeks! trade volume: 800 million, almost 2.7x of total company shares! gain 192% how far it could go? 11-30 USD could be the target if it is going to trade like this!
this penny stock could have a 50-100% profit potential! pure swing
it is not a typical flag, but it has just penetrated its downtrend line
R/R: 4.3, makes it a good trade for the next 3 weeks before the earning!
it could go up all the way up to 11.50..!this company has only 11.6 million shares and the average trading volume in the last 20 days was 7.3 million, it means the whole company has been traded more than 13 times in 20 days!!! which is fishy..!
The next target level could be 48-54, and this will happen soon!
1- Getting out of the downtrend of all time! 2- Obvious Cup and Handel pattern which is one of the most reliable money-making patterns in technical analysis! 3- Just close above 200 SMA in the weekly chart!!! 4- increased trading volume