Neptune Wellness Solutions Inc (NASDAQ:NEPT) is screaming for a bounce opportunity and I think we can see some nice moves in the coming week. Go long on the break of Friday’s high. Daily technical indicators are in bearish zones but are beginning to show some signs of turning around. MACD and RSI are showing positive divergences by not falling to new lows. Keep...
1. Industry: A health and wellness company with mass retail partners and e-commerce channels ++
2. Price: Cheap
3. Upward potential: 116%
4. Risk-Reward Ratio: 1:23
5. 5Y EPS Growth: 20-40%
1. Volume is growing
2. Support of the MA30
3. Short-term target: 3
4. Long term target: 5
I got this stock when it was assigned to me at a landed cost of $3.65 and today on this 20% pop I sold 6 strike calls for 60 cents so this either reduces my landed cost to $3.05 or gets me out at equal to $6.60 for very close to a 100% gain
TraderNoxtreme here with a quick $NEPT analysis per request,
Let's jump right in.
$NEPT had a bearish short term and bullish to bearish mid-term turn.
This being said we have a clear cup and handle formation for our May price action.
MONDAY will be KEY in determining what to expect in June.
- If we get a gap down on Monday the cup and handle pattern...
A friend just asked me about NEPT so thought I would share that here too.
Watching a daily equilibrium here, Ideally the bulls need to hold 5.08 but were not convinced yet that's our daily higher low - 4.92 is the MUST HOLD level for the bulls. We've had a weak bounce so far on decreasing volume which doesn't give the bulls a lot of confidence. Our key range...
I expect this stock to bounce off solid support
$3.64, then a move north to $4.08 if there's good
volume supporting the move
By the way, I wish I would've actually money traded my other prediction, because it moved north as expected. I had my fingers in another cookie jar.
*Let's see what happens!!!
*DISCLAIMER - I am not a professional trader, these are...