Technical Analysis on RAVE SNSS LMFA VIVE AHPI SPCB INO VXRT
RAVE ---> Rave Restaurant Group broke and close the regular trade session above its Down Trend Line Resistance on strong volume and lots of positive divergences on technical indicators!! This Low Floater is ready to climb!! Next target 1.24
LMFA --> For this setup I used two charts with different time frames! On first chart, I used the 30 min time frame, where we can see multiple highs and lows, with the particularity of the highs always being with a lot of volume and the lows with low volume, having support around 1.65! According with this time frame, the next upward movement could lead the price to a breakout!! On daily time frame, after two strong trade session with massive volume, price made a pullback with very low volume, meaning that buyers are holding up their shares! As chart is showing us, 1.67 is our STOP LOSS!
Allied Healthcare Products, Inc.
AHPI ---> This Tiny Floater and highly shorted setup has been lot of volume in last days of trading, with price always reacting very well to that volume!! Price close the regular trade session Friday, near of high of the day and near to break its Down Trend Line Resistance, which if happen, it is almost certainly that it will squeeze! New level to buy is at 1.36!!
SPCB ---> After a solid climb, nothing better than a calm period of consolidation before the breakout! And it seems to be coming soon! Very nice recovery from low of the day on Friday
INO ---> This bottom player is gaining strong momentum again, as technical indicators are showing us! A new leg up could start soon!! Swing Trade!
VXRT ---> Vaxart is a highly short setup, a old runner, that broke on Thursday its Down Trend Line support on volume, tried to run away on Friday, and came back to do a Backtest to its breakout area!! As you can see in chart, buyers are in control and stop the pullback! VXRT is ready to climb!!
Thanks Joao for your time and effort- LEN
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