My favorite new indie stock, Seelos Therapeutics, was recently upgraded from a price target of $4.70 to a whopping $15.
For this to happen, it may have to beat some bears (in SPY) and sharks (in short interest).
Short interest in the stock is down, with most shares not available to short. This is positive and bullish for shorter term.
The stock market looks to...
As we can see, price has broken out of December's descending trend line. Price eventually found support at 142.940. Right now, it's in a small bullish flag. If price breaks out of that flag, it shall go further til it reaches that level of supply. Will it show rejection from that supply level or break out and retest that level?
What we can see here is that price has been showing rejection from the major key level of 1593.70. Not only just that, we see multiple rejection from that zone between 1546 and 1562. Recently, price has broken out of early February's descending trend line. Will price reach that major key level resistance and show a possible rejection or break out and retest that...
As we can see, this pair has formed an ascending wedge pattern, indicating a possible move to the downside. Price is floating in an area of supply that's dated back to May of 2019. If price forms a bearish candlestick pattern at that area of supply, prepare for further downside movement, breaking that ascending wedge pattern.
This pair has broken July 28th's ascending trend line after being rejected by an area of supply. Price then bounced off the 11405 psychological level before continuing lower to the 9663 support. There has been a rejection of that support level and price is heading towards an area of supply. Right now, we see a potential bear flag. Let's see if it can reach that...
Price broke out and retested October's S&D zone, forming an ascending wedge pattern. Price is now inside a 2 year S&D zone. I would like to see a complete candlestick reversal before going short.
