Watchlist for Monday, November 2 TELL AHPI BVXV SNSS MDGS TWTR INTC BPTH HUYA CAN DKNG PTON NIO
TELL ---> Price had a very interesting performance on Friday, despiting the red day that we had on SP500!! The strong volume and the strong positive divergences on chart lead me to believe that, a break above its next major resistance area, located around 1.00, could boost the price for a nice short squeeze!! Noted that company has about 20% of short float! Once break above 1.00, price can squeeze easily till 1.20 and 1.30!!
AHPI ---> This bottom player had a steady day on Friday with buying pressure coming into the stock!! We may have on the verge of break bounce soon!! Long setup at this stage!!
BVXV ---> Mentioned a few times last week on chat and private twitter, inclusive made a daytrade with it ! However, after made a deep research about this name, im not liking very much about what i read and the future for next coming months could be ugly!! " BiondVax Pharmaceuticals is developing a potential stand-alone universal flu vaccine, M-001. In a pivotal clinical trial, the company tested M-001's safety and efficacy at reducing flu illness and severity. However, the experimental vaccine failed to meet both its primary and secondary efficacy endpoints during the trial, much to the dismay of BiondVax Pharmaceuticals", " BiondVax Pharmaceuticals currently has no products on the market and does not generate any revenue" !! So, what we can do here is watching for the Technical standpoint!! And on that side, we can make some good daytrade. Price seems to found the bottom, and is trading under very extremely oversold conditions! If price get some buying pressure, it can give us a nice bounce! So, the trade idea that i suggested is a buy current level! With a STOP LOSS at 2.80 the risk is low and a move until 3.60 could be easy and very rewarded!!
SNSS ---> I'm liking a lot this setup! Price is forming a solid bottom after the big drop occurred earlier September and since then, every time that price hit levels between 1.10 - 1.20, it made, in next coming days, a solid upside movement!! I'm talking about 40% upside climb! So, at current price, i suggest a strong buy for 1.47 and 1.55!! Of course, nothing in stockmarket is a certain, so we should cut losses if price break bellow 1.10!!
MDGS ---> Had some nice News on Friday that could make the price rise in next coming days!! The pullback occurred in last trade session is a great opportunity for us, IMHO!! Price seem to have a solid support around 2.17, which is the level of its 20 moving average too! So, with a solid resistance at this level, the trade idea that I suggested is a buy at current level for 2.90!! Stop loss if break bellow 2.17!!
TWTR ---> Twitter had a strong earnings beat, however it plunges 21% because the Slow User Growth! My opinion about it is, it had strong revenues and investors like that and should coming back very spoon!! Users will come too sooner or later! This drop is great opportunity for us!! Price, which is rising strongly on a type Up Channel, came to near of its trend line support!! So, the trade idea that I suggest is a buy at current level to Swing toward 52.00!! Stop loss if break bellow 39.00!! Swing Trade
INTC --->Possible bottom formation and bounce candidate!! Last time that Intel had RSI indicator on oversold area, price made a 20% upside movement. So, RSI is again in oversold area and the rest of technical indicators are starting to curling up!! Momentum is coming back! So trade idea suggested is a buy at current level to Swing Trading toward 53.00!! Stop at 43.00
BPTH ---> At Oct. 22, 2020
" Bio-Path Receives Notice of Allowance for Strategic Patent for Prexigebersen in Combination with Front Line Cytidine Analogues or Bcr-Abl Tyrosine Kinase Inhibitors in a Variety of Cancers",
and shares spike higher on heavy volume, hitting 6.09 on regular trade session!! Since then, price has been declining, in very low volume, following the market trend, hitting on Friday the 3.18 level!! This level is well bellow its Book/Share value, which is 4.34 value, becoming this stock in a very Cheap Stock! Is a matter of time to make a strong bounce!! I'm long and strong on that one
HUYA Inc.
HUYA---> Found strong support around it's 50 moving average and price is setting break higher and moving up. All technical indicators are triggering buy signal. With about 31% of short float, price could make a nice squeeze. Long at current level. Target 25.00, Stop 20.23!
Canaan Inc.
CAN---> Solid move on strong volume from the bottom. Also, price is about to break up the small down trend line and is counting with solid divergence to help it. Long at current levels, target 3.05 and 3.15
Phoenix Tree Holdings Limited
DKNG ---> Entering in a solid resistance area under extremely oversold conditions with MACD starting to curling up. Bounce coming soon. Added to my Swing Trade watchlist
Peloton Interactive, Inc.
PTON ---> Is trading near its trend line support. According to technical indicator Accum/Dist, price seems under strong accumulation. Buy time for a rebound. Swing Trade.
NIO Limited
NIO ---> Is setting up for a strong breakout. Long at current levels for 35.00 to 39.00 . Swing Trade
Comments
Post a Comment