Assertio therapeutics is slated to get an FDA ruling on its new drug application for cosyntropin depot by October 19. If the FDA approves the drug, the stock could move up significantly. Assertio has an 8.9/10 Equity StarMine Summary Score and is rated extremely undervalued by S&P Capital IQ. Despite relatively good earnings last quarter, the stock price is down...
Last time we had Cup & Handle in Jun/Jul the market roared up 2k pips. Now we got a monster consolidation in August, with a perfect Cup formation; the countertrend Handle should follow shortly, as an EW 5-wave minor impulse is concluding now, in the right wall of the Cup. Another 2k pips from this level would target Dow price over 29K. SPX could push over 3200....
Leap is looking to make another leap. Harmonic shark patterns leave more room for volatility trades and make for high reward scenario's when traded correctly. As of today (09-04-2019), 84,220 of the 261,828 shares traded where short. This is equivalent to a sizable 32.17% short percent. The technical's are now aligning with some key dates with a potential short...
Earnings this past week and surely smoked the short on gap up after earnings. Probably the biggest short squeeze of the week. I don't have a position yet, but will be stalking it around the 54.13 pivot. Up on massive volume too, probably continue higher Mon/Tue and then looking to buy the dip.
GHSI has recently peaked at $3.05 and showing signs (again) of a reversal. Volume has been steadily increasing. Not a lot of sellers below $1.80 so a good opportunity for a decent swing trade
1. $ALK for the last few weeks was getting ready to breakout above long term resistance line. However, unknown result was keeping stock under the resistance line. Indicators however was showing more and more strength. 2. Stock currently above all MA's , 9,21, 50 100 and 200. 3. Right before earnings we had "golden cross" of 50 SMA crossing 200 SMA. $ALK rallied on...
My previous charts failed so this is my last attempt to chart this stock. This chart is a little more conservative. Target is $1.80 - $2.00
DISCLAIMER: I am not an Overstock bull. I don't believe in the future of Overstock.com or tZero, however this is a potential trade setup based on market conditions 1) On Friday, Dillards had an outsided 20% run on no news, but suspected that it was a short squeeze given the stock's 45% short float 2) Monday (yesterday) Lannett $LCI had also a large outsized run...
I think we will make it to $2.40-$2.50 as I don't see many sellers below $2.00
Volume Oscillation - paradigm shift on the belief. The attitude is gone. The Bull is in question and the traders are in waiting. Everyone is either looking for a deal to take this thing higher or they're looking for confirmation to get the hell out. We've dipped in volume to levels not seen since the start of the rally. RSI - Doesn't matter. Relative strength is...
Riding this up to the resistance. Let's see if we can break it!
See my post below. I had activated 10 hours ago a trade. We are already up 7%+ since. The stock had finally closed above the 50 day MA at 227 yesterday. Today it used the 50 day MA as resistance. The news about above expectation deliveries will push it to at least 270 and maybe beyond. The key fundamentals are still active as per previous post! The key driver of...
See investment thesis below. Looking forward to hear your thoughts and views! Also from people that have shorted the stock. I was short as well until the 180-200$ range where I changed my position. I am long Tesla now with more than 50% of my net worth as I truly believe in this company. Tesla has been recently targeted by numerous wall street analyst that have...
Tailored Brands has been in a *steep* decline since its high of 35.86 in May 2018. It fell all the way to just above 5.00 this month. Wow. However, I see signs of reversal. Firstly, we've broken out of the downward parallel channel that the stock inhabited for a year. Secondly, We've formed what looks like a double bottom pattern. Thirdly, the stock's...
This isn't just any double bottom. This is a double bottom in a penny stock with awesome analyst ratings and some of the biggest short squeeze potential in the market right now. When this runs, it could run fast.
Watch and capitalize on this insane IPO short squeeze marking the beginning of the bear market for stocks and showing just how irrational the market is. Get in and get out early of the insane pump that will rock beyond meat short sellers