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SXTC back at an interesting level againSXTC had a big pop on 7/16 that took it up and through its 786 fib line. After doing a retracement using last September's lows, this level has shown to be an important pivot over the last few months. Late last year it was resistance in December and heading into the new year. Earlier on this year, it was broken through with the 618 fib becoming a very high traffic area that ultimately was support as SXTC broke out to over $5. The 618 level was a brief area of support in February that ultimately turned into resistance during the following months. If you take a look at where SXTC traded after there, the 786 area once again became a pivot area. Now that it's back above it with higher volume, it will be interesting to see if the 786 fib can establish itself as a new support or if this is just another headfake leading to another breakdown. "Based in China, SXTC is a pharmaceutical company developing traditional Chinese medicines. It manufactures, markets, and sells these products domestically, and is one of the only companies producing these types of compounds. The most recent news from China SXT came a few months ago when it announced a 4-1 reverse shares split. Since then however, not much news has come from the company. So while today’s gain may be inexplicable with press releases, we could attribute it to SXTX’s placement as a meme stock. This means that it is frequently discussed on social media sites such as Reddit and Twitter. While this does make it highly volatile, it also adds potential for large gains (and losses)" Quote Source: 4 High Volume Penny Stocks to Watch in July 2021
NASDAQ:SXTC
by PennyStocks101
A nice trading idea on AMC! 🤑Yes, we have something nice going on here! The breakpoint is the 49.79, and AMC has this weird RSI with some good divergences. We are just at a support level in the 4H chart, doing a good candlestick pattern. If AMC triggers the buy sign, the 65 will be the target! Let’s pay attention to these signs! If you liked this trading idea, remember to click on the “Follow” button to get more trading ideas like this, and if you agree with me, click on the “Agree” button 😉.
NYSE:AMC
by UnknownUnicorn21312077
Under the hood of RIG with an eye toward 7/16big brain time, fintwit... How is WISH going to deliver orders without oil and boats or whatever?! Spoiler alert: they're not. Enter: RIG (honorable mention: SHIP) At heart, I guess RIG is an oil play. As usual I'm going to spare you the deep RIG backstory and assume that you found this idea because you've already done some research of your own. There's been a lot of insider buying happening with RIG recently and it looks like the chart is in a nice pattern too. Don't forget, none of this is financial advice and I'm on my second June Shine of this Sunday afternoon. Moving on. In my perfect genius opinion, a FAVORABLE CHART + INSIDER BUYING reflects positively on the probability of RIG breaking out above 4.80 and fighting for 5.00 before the July 16 options expiry date. I threw up some options data as well, I probably won't update those numbers past today (Sunday 06/27/21), so do your own DD. Anyway, you guys are my best friends. Bye.
NYSE:RIG
by psc230
ABNB - WHERE THE HATERS AT? LOOKING FOR 160PT - ASCEND TRIANGLE All, ABNB looks good as I previously compared was indentical to BMBL on wave 2 big buy would have big returns and it did. Only question does it break out the top of this ascend triangle here or bounce down one more wave in pattern off trend then break. Need to see next week. Outside factors: -Obviously DJ/SPY tanking is never good for companies overall. -Breaking below 2nd yellow uptrend (in pink would be a small put position for $10 150 to 150) Do not think this is likely at all though
NASDAQ:ABNBLong
by DigitalData
Realistic Price Targets for GME if it Follows AMC Bar PatternI had multiple people ask me for GME price targets in my last post comparing the breakout in AMC to current GME pattern. The easiest way to compare the breakouts in my opinion is to use the Fibonacci tool. With that being said, we can see AMC ran all the way to a full fib extension when measuring from its last peak. If GME does the same thing, we can see it approach close to $2,000 and consolidating between the $1,200 and $2,000 range. - CA$HLESS
NYSE:GME
by CASHLESSSOCYS
2
Trading Idea - #Clover (meme stock)High speculative BUY. ENTRY: 15.27 USD TARGET: 21.16 USD (38% profit) STOP: 11.50 USD Let's assume that the correction has finished! Another "explosion" is expected! Clover Health Investments (NASDAQ: CLOV) has become another speculative share in the latest days. The health insurance company's share price climbed more than 65% over the course of the day on Tuesday. Traders on forums such as Reddits Wallstreetbets are participating in the price rally. In the wake of the price explosion, many short sellers, including financial institutions, got into a short squeeze.
NASDAQ:CLOVLong
by Traderherz-Analytics