The charts posted bellow are merely my technical view and opinion! For a complete support join me and team on Fonsietrader Private Twitter and Chat Group!! Join HERE
PEDEVCO Corp.
PED ---> Shares of PEDVECO rose 15% on decent volume on Friday with price closing at high of the day!! This type of action is suggesting accumulation by investors and continuation seems the more likely! So, the trade idea suggested is a buy at 1.80 to try 2.12! Cut losses if came bellow of 1.75!
LAD ---> Lithia Motors, called this setup last week on Private Twitter for members as a strong candidate for a swing trade! Well, it is going so well that I'm holding and suggesting for next week! On weekly chart above, we can see that price is about to break up for a new 52 week higher! If do that with the strength that it showed last week, this low floater could go easily until 347.93, its next major resistance area! More pressure for the 11% of short players! So, the trade idea for new positions is a buy at 280.00 for 345.00! Cut losses if come bellow 270.00!
TBLT ---> Shares of ToughBuilt Industries, which provided a nice daytrade last week, is about to enter in a strong resistance area! Technical indicators on chart are displaying heavy bullish activity which leads me to believe that price could go much more further!! So, trade idea suggested is a buy at 0.84 for 0.94 and 1.05! Cut losses if come bellow of 0.79!
SPCB ---> Shares of SuperCom no longer closed above the 20 moving average since August, which can be a good signal for us!! The technical indicators are curling up, meaning that bullish momentum is coming back! So, the trade idea for this low floater for next week is a buy at 0.85 to try its 200 moving average located at 1.01! Cut losses if come bellow 0.81!
AESE ---> Allied Esports Entertainment was mentioned on Friday on chat room and its nice chart can't go unnoticed! With price trading at bottom level, it rose 8.66% under strong volume, closing the regular trade session at high of the day! Plus, the MACD and ADX indicators became bullish crossover, triggering a strong buy signal! A break above its 20 moving average could boost the price for a nice squeeze! So, the trade idea suggested for low floater is a buy at 1.42 for 1.55 and 1.65! Cut losses if break bellow 1.35!
TEUM ---> Very interesting the chart of Pareteum Corporation!! Price, which is rising on a solid Uptrend, broke and close above, on Friday the Down Trend Line Resistance on decent volume! It has now room move forward! Trade idea suggested is a buy at 0.753 for 0.84 as initial target! Cut losses if come bellow 0.71!
MAT ---> Nice breakout happening on weekly chart on Mattel! Is setting up for a nice Swingtrade for next week!! So, the trade idea suggested is a buy at 12.12 for 13.40 and 15.00!! Cut losses if break bellow 11.08!
CETX ---> Will host a virtual roadshow webinar on Tuesday, October 6, 2020 at 1:00 p.m. Eastern time. Cemtrex Chairman and CEO Saagar Govil will be presenting an overview of the market opportunity and the company’s strategy to accelerate its revenue growth! Could come out news that boost the price!! If you don't jumped in on my call on Friday, next buy level is at 1.11 for 1.25 as initial target! Cut losses if break bellow 1.08
TARA ---> Someone knows something! Insiders are buying like a crazy! Worth a trade here, on this bottom and tiny floater!! Trade idea suggested with a buy at 18.30 for 21.50 as initial target! Cut losses if price came below 17.80!
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