EVFM had a strong move today generating a total of 187% gain on the day with more activity after hours. Although I did not get in on this from the beginning, I did however wait for the proper entry before trading. I drew my line of entry today and made that decision based on where the last resistance zone was from early on in the day. The volume was solid on this throughout the day with a good technical setup for that run up from $1.00 to $1.20. I personally took a total of about 12% trade on this today with a bit of my original position still in this as I believe there is more to be had on this tomorrow based on how this stock closed off the day. I liked how it set a new high of 1.32 during AH trading and how it bounced off the 1.14 level twice forcing it to hover in the 1.20 zone which is where it closed off at. I think depending on the interest and sentiment tomorrow there can still be another 5-10% move to capture respectively. (Not financial advice)
News that has really generated the attention was the Roe v Wade announcement. This company plays right into the news as it has a product called Phexxi which is a non-hormonal gel that controls PH levels, which reduces the mobility of sperm. The sense that more attention maybe placed on pregnancy preventative measures makes this stock an interesting one to follow this week. Good luck this week everyone and trade safe | Protect your profits in this bear market.
News that has really generated the attention was the Roe v Wade announcement. This company plays right into the news as it has a product called Phexxi which is a non-hormonal gel that controls PH levels, which reduces the mobility of sperm. The sense that more attention maybe placed on pregnancy preventative measures makes this stock an interesting one to follow this week. Good luck this week everyone and trade safe | Protect your profits in this bear market.
Comment:
I had another opportunity today to take advantage of the move up to 1.50 during pre-market and again for a scalp during the first hour of the market open. Even though it closed off at the low $1 zone, I think this is still worth watching for 5-10% scalps this week.
Comment:
I believe this one still has some juice left in it. It had some decent trading volume today with opportunities to scalp a good 5-10% move. The After hours was fairly decent as well. Will be watching this one for sure to see if it can break 1.20 tomorrow to open up for more
Comment:
This one continues to trade within the channels of 0.90-1.10. I will continue to watch for a solid technical setup before I take the trade. Heavy resistance at 1.20 but if we break that with volume we can see much more
Comment:
EVFM continues to show a bullish sentiment. Over the past few trading days it has provided many good scalp/day trade opportunities. Considering the week closed at 1.35 which was right on VWAP I feel there will be more next week. It has also put itself in another pennant over the past few trading days so another push up for another 5-10% is very possible. Looking forward to seeing how this plays out next week. More news on Roe v Wade impact could fuel this even more.