RedHotStocks

RedHotStocks

Amgen will present data from its oncology pipeline at the 55th Annual Meeting of the American Society of Clinical Oncology that begins on May 31. This Could a hugely significant day for NASDAQ:AMGN which is in need of some good news to reassure investors. They stock has been on a terrible run lately but it may now have found a bottom, ready to move higher as the...

RedHotStocks

The good days are great and the bay days are awful in CRypto land, thankfully today is great. They alts are really killing it across the board, with EOS leading the way of of this hours. on great volume and sentiment. They events of June 1st is added stimulant to the rally. Currently the price is hitting a cluster of resistance which is pretty intense until $9, we...

RedHotStocks

This a alternative to our original count, as possibly we are still in wave 3 and just completed (iiii) to reach a (v) target of $320-$330. The chart remains in a technical bullish pattern with RSI, MACD and STOCH all in positive uptrends and it is very significant that the 200MA has turned positive which shows how momentum has swung. Volume is still somewhat...

RedHotStocks

OMG what a lovely 24 hours of trading, as predicted we had a perfect break from the ADCDE correction on extreme volume, resulting in +13% move. Currently the price has stalled and the .236 FIB is acting as strong support. The crypto community is extremely bullish at the moment, with $10000 targets on grapevine, if you are long it would be prudent to set stop...

RedHotStocks

Highly unusual options activity was spotted in the stock of NASDAQ:AMRN on fridays which in turn coincides with a upcoming FDA hearing scheduled for friday the 31st may. The FDA is holding a public hearing on May 31 to discuss potential regulation for cannabis products. The chart of amrn is also setting bullish pre the event, as buyers have returned after the...

RedHotStocks

It is certainly very difficult to see the silver lining and the cause for the spike on Fridays trading, it has seemingly been one negative after another for XRF in recent months with regulatory issues intensifying and the inability to file its annual accounts on time, leaving the company in breach of listing compliance with the NYSE. Is there something positive...

RedHotStocks

The sideways pattern may be coming to a end very soon, the crypto markets are a coiled spring at the moment with a great deal of tension. The Daily and Weekly close look like the time for the big moves as all indicators are tightening and the BB,s are pinching extremely tight. The volume is declining which adds to the tension as bulls and bears wait to see who...

RedHotStocks

During the past week there has been a lot of sideways action, which we believe is extremely healthy for LTC, as it has now completed a C&H formation while backtesting resistance of the long term trend line(blue) which shows real strength. We have alerts set for a break above $105 which continues to hold as resistance, before a move to $110 and $130 but resistance...

RedHotStocks

Shares of Biocept Inc. BIOC, 86% on very heavy volume Monday, after the provider of liquid biopsy tests announced the commercial launch of Target Selector NGS Lung Panel, the liquid biopsy panel developed for lung cancer. Trading volume spiked to 60.9 million shares, compared with the full-day average of about 733,000 shares. the company said in a statement. The...

RedHotStocks

On the weekly chart there is mixed signal from the indicators, they Momentum an Stock are showing some weakness but the RSI and MACD are still positive. Volume must be higher to maintain the rally of the lows which seems to be struggle as the market is down for 5 consecutive weeks. The pivotal point is $138 if that holds as resistance selling could intensify...

RedHotStocks

This week is all about looking into the future for NASDAQ:ACHC investors as on thursday, the company will host a conference call to update investors on the companies strategy and future. In the most recent earnings it was not a blowout but just about in line with expectations. The company referred to continued growth and expansion so investors will be keen to...

RedHotStocks

From a charting perspective NASDAQ:OPRA is starting to look very attractive. After a initial IPO sell off the stock has formed a base and is now stepping its way back up on good volume. RSI ,MACD, and the OBV are very positive. Price has bullishly broken the cloud resistance. Please also take into account the earnings release from May22nd, below is a...

RedHotStocks

Next week NYSE:MOH host their investor day on Thursday 30/5 and it comes on the back of good earnings. Sentiment has certainly changed on the stock as we can see from the Volume profile which is a mass of green and increasing slightly on volume, which is very encouraging. The stock is at a critical point stuck between resistance and lower trendline while also...

RedHotStocks

Cara Therapeutics was flagged on friday due to the exceptionally high amount of options traded, over 340% above the average volume. NASDAQ:CARA disappointed investors with first quarter results with a higher loss than expected, but the company has $156 million in cash available to continue to develop new Cannabinoid drugs. Cara specialises in the development of...

RedHotStocks

********SO FAR THEY BULLS HAVE DEFENDED THE 200MA WHICH IS A REAL SELL SIGNAL IF BREACHED, BUT THE VOLUME IS NOT CONVINCING. WITHIN A WEAKER MARKET THESE BIG TIME WINNERS ARE QUICK TO SELL OFF AS LARGE PROFITS ARE STORED WITHIN. IT IS VERY IMPORTANT TO RESPECT THE TECHNICALS IN THIS CASE AS LARGE SELL ORDERS WILL BE STACKED UNDER THE 200MA AND TRADED BY ALGOS MUCH...

RedHotStocks

********The formation is bullish but not a great place to be entering a trade, wise to wait for a break from the pattern up or down, have you sell or buy orders in place above and below and let in play out. We would hope for a bullish break up and past resistance but the volume is just to low in our opinion. The alts are getting heavier volume today so once that...

RedHotStocks

Michael Olson, senior research analyst at Piper Jaffray, released a note Friday morning in which he made the case for Amazon’s stock to reach $3,000 in the next few years, omg I wish it to be very true but $2000 is quite a hurdle to get to at the moment. Even though we hold the stock it is indeed a very optimistic to set such a high target.

RedHotStocks

On Thursday the 23rd May Nasa announced that Maxar Technologies had been selected by NASA for the first part of a renewed lunar gateway program.Maxar will work on the first segment (the power and propulsion element) of NASA's Gateway outpost. This has a huge monetary value and just the beginning of a multi billion dollar project. We would expect a greater rally...