GSL and Posiedon have agreed to a merger to take place sometime in November. GSL is being valued @ $1.78 a share by Posiedon and receiving over $200mln. With GSL trading at close today at $.95 the upside on the deal alone is great. But also now take into account the shipper run that has taken place the past couple Novembers and I believe we have a perfect set of...
Penny stocks are all the rage right now, in the wake of penny stocks moving 200% and 1000% like PED and CEI could GLOW be next? Here are some levels to watch when GLOW wakes up. GLOW sports a thrifty P/E of about 1.
In premarket will it smash through, take its time or fall back down?
CEI along with other oil stocks were up in trading today. Looking at CEI levels here is where we stand for support and resistance based on its price history. The name of the game here is compliance. In order for CEI to be listed past august it needs to get its share price at $1 per share. In order to remain compliant they have sold off there debt and made there...
Apparently some people are shorting based off charts which show this stocks price history completely wrong. This stock didn't not break out it fell by over 80% and is oversold not overbought. It was trading @$10 thursday of last week. Gap to $6 over $3.19 to play. Trading at about 1/10 its enterprise value. This company is valued in the billions.
Oversold on the monthly, weekly, and daily. Gap to $6 to play.
Large gap to fill to $6. Lots of people shorted based of this charts price action finviz.com but as I look further I find this is inaccurate. If this breaks $3.20 again it has no previous resistance till $6 and the RSI is very oversold sellers look to be exhausted.
RNN is very oversold on the monthly and daily charts. It is trading in a decending channel and if price respects the channel it should test $6. It has a large gap to fill from $3.20 to $6. RENN is trading at 1/10 it recent $10billion valuation per Softbank. finance.yahoo.com
Huge gap to play here with no previous resistance till $6 per share.
UUU hit a 52 week low 2 days ago and has started to turn up with a 15% gain yesterday and a bullish engulfing candle. UUU is a micro cap with 2.3mil shares and has been trading since the 1970's. Recently we saw a spike above $3 without any catalyst and UUU has a history of huge swings. On the daily chart we can see the macd is crossing up, rsi is oversold and...
Could this be the bottom? Well tradingview has the enterprise value at $4.1million but the current market cap is only $2.7 million and this company has been trading since the mid 1970's so I doubt its going anywhere. UUU is a low float micro cap and has a history of skyrocketing when it sells off to current levels. Will it go back to $20? I don't know but you...
This stock is a low float and can move like a freight train. RSI is in oversold territory and thus a good candidate for a buy. UUU has been trading since 1973 and every time it has dipped below $2 it has given back massive gains. Upside potential is huge.
Could this go back to $22? with news of FDA clearance...Maybe
EDAP has recieved FDA clearance on its prostate device. With a price target of $6 this has room to run. Shorts could get trapped. A mourning dip got caused some panic but it appears to be holding the $3.70 range and looking to setup for another break out after the rsi cools down a bit.
CHKE a marketer and manager of fasion portfolios of fashion brands, its brands are licensed with retail and wholesalers in 50 countries and about 9000 retails. After reaching a high of $29.75 in the summer of 2015 it has dropped to a low of $.65. Looking at the company financials reveals possible under evaluation by the market. With a market cap of about$13mil...
Bullish news of a deal for over $800mil dollars sent AXON shares soaring in a mourning gap up. News of the deal took AXON out of a recent slump and looks to be funding the development of the companies drug OXB-102. I see large volume and a trend reversal with large gaps to fill. Do we have a multi-day runner? Watch those gaps it can close fast with no previous...