CANN: Stock up over 400% in the last month. But it is a hot sector. It is at lateral resistance at $5.00. A break through that and next resistance doesn't come in until $9.00. But it has had a big move so I would be cautious with the play.
CDXS: Stock was consolidating for over 1 year and last month broke out of its base trading up to $8.00. It then pulled back and found support at the break out level and started marching its way back up. Today it traded as high as $7.80 closing at $7.70. If it gets through the double top at $8.00 then $9.00 and $12.00 are the price targets. Short ratio, 11.3 days to cover so could add to momentum on a break out.
DPW: Bitcoin play that recently spiked to $5.00. Today it traded as high as $4.85 and closed at $4.16. I would look to go long over $5.00 with $7.00 as the price target.
MGTI: A pink sheet bitcoin play I alerted pre-market today at $3.50 traded as high as $4.17 closing at $3.85. It needs to get through today's high with $5.50 as the price target.
PRELF: Another two bit (read pink sheets) bitcoin play. After coming from $.65 it ran to $5.50. Since then it pulled back and has been building a base. Today it traded as high as $3.04 closing at the high for the day. It needs to get through $3.25 with the former high of $5.50 as the price target.
PTI: Stock exploded today out a reverse head and shoulders pattern. It traded up near resistance at $7.50 (high $6.95) before closing at $6.14. When a stock trades so strong there is usually follow through the next day. But it needs to get through the $7.50 level with momentum. If it can then $10.00 is the next price target. Short ratio, 4.8 days to cover.
USAT: A stock I have been writing about in the $6.00 range. It moved up to the $9.00 range and is forming a bull flag. Today it popped out of that consolidation level and traded as high as $9.55 before closing at $9.15. It is at the top of the channel so a further move without consolidation may be tough. But if the momentum continues then $12.00 is the price target.
Nice watchlist Bob. And congrats on all your success! I'm looking forward to your podcast interview. see you in chat.
Thanks
Not sure if you have seen the news on $MARK but they have partnered with a China Energy Co.
No hadn't seen it. Thanks for the heads up
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