RiskMastery's Breakout Stocks - SPRB EditionWelcome to RiskMastery's Breakout Stocks - Stocks with breakout potential.
In this edition, we'll be looking at NASDAQ:SPRB ...
I believe this code is at a point of potential volatility.
If price can hold above $3.40 ... Bullish potential may be unlocked.
My key upside targets include:
- $5.22 (Conservative)
- $7.16 (Medium)
- $10.41 (Aggressive)
If however price falls below $1.80 ... Bearish risk potential may be unlocked.
(My key risk targets - C, M,& A - are as noted on the chart)
Enjoy, and I look forward to being of further service into the future.
If you'd like to connect, feel free to reach out and comment below.
Mr RM | Risk Mastery
Disclaimer:
This post is intended for educational purposes only - Publicly available RiskMastery information & content is not intended to be financial advice in any shape or form. Please do your own research and seek advice from a licensed professional before acting on any of the information contained within this post. This post is not a solicitation or recommendation to buy, sell or hold any positions in any financial instrument. All demonstrated trades are merely incidental to the educational training RiskMastery aims to provide. You are solely responsible for your own investment and trading decisions, of which should be made only according to your own opinion, knowledge and experience. You should not rely on any of the information contained on this site or contained in any RiskMastery material on any website or platform. You assume the sole risk of any trade or investment you elect to make. RiskMastery and affiliates shall not be liable to you for any monetary losses or any other damages incurred directly or indirectly, from your use, reliance or reference of RiskMastery materials, content and educational information. Thank you for your understanding and cooperation - We look forward to working with you into the future to navigate the fine line of trading and investment success.
SPRB trade ideas
WNW from $160 to $2.09Wunong Net Technology Company Limited Changed its name to Meiwu Technology Company Limited
Xinliang Zhang, CEO of the Company: “The Company’s new name better reflects the Company’s international business line beyond its Wunong Net business as a global high-tech internet trading platform with a global commodity chain and the comprehensive services such as online consultation, display, sales and after-sales services. We are excited about our development in this new chapter.”
This is a speculative buy.
SPRBSpruce Biosciences Inc (NASDAQ:SPRB) This small bio cap had a very productive day on Friday as we saw gains of over 100% and based on the technical daily chart I believe it has more room to run. The stock finds an immediate resistance at 5.80 and support at 4.25 followed by 3.89 (EMA50). This stock is an example for my other fav small bio caps CMMB CNTX TNXP INKT It's just a matter of time.
SPRB ReversalThis was brought to my attention by a friend on Stocktwits. It has sold off tremendously in recent months and made an all time low a few days ago at $4.23.
Since then the MACD has crossed and the price has moved up gradually. The RSI is still very oversold at 38. Also
I would like to see a daily candle close above the descending trend line (weekly line) and also I would like to see the 10ema cross the 20 ema to give more confidence to the reversal.
As one of the other posters mentioned the float is very low which could cause parabolic price spikes, In addition theres a fair amount of short interest with 11% of the float currently short.
I will likely take a starter here and add as it moves up.
First target $5.08, $5.61, $6.04 in the short term with a stop at $4.23
SPRB - 7.7M FLOAT - JUST BUY IT All,
Lets look at just RSI along on the WEEKLY. Yes it is below 5. Yes this company has 3 years of cash flow. Yes the avg PT is $30. Yes it's 7.7M float. Yes when news / ER comes out this will moon.
Question is when? Answer I don't care anymore. I'm in... 2 years or 2 days. Do your DD but trust me this isnt a bad company only been on here sicne Dec 2020. Just short sold.
SPRB - 8M FLOAT - WORTH X2-X3 CURRENT PRICEAll,
I am already scaled in big here. I am without a doubt this stock will at least double.
***KEEP IN MIND THIS IS AN 8M FLOAT COMPANY
1. Do your own DD you will notice all that has really happened is low float short sellers have just railed the price down
2. This companies price targets are insane not to mention 8M float will make this EXPLODE on any good news. The company is already undervalued + postiive news of any kind just blows this baby to the moon. Except here the moon is probably where it SHOULD be.
3. Financially speaking easily in great position no chance of offerings
4. Promising company overall
5. This downtrend looks awful, but is purely short sellers and look at the length of the time on market.
This looks like it may happen soon, but either way I will happily add large position scales into this stock and simply wait. I really think at some point even a year from now we see 20+. The question is do you want to chase stocks daily, weekly or scale in. Either way set alers and volume alerts.
Would you buy this?WNW 52 Week Range 4.2800 - 160.6800
Wunong Net Technology Company Limited, engages in the online retail of foods products in China.
The company offers green food, organic food, intangible cultural heritage food, agricultural products, and pollution-free products.
It also operates a restaurant under the Wunong Food Hall name and engages in the wholesale of agricultural products.
I`m looking forward to read your opinion on it.
WNW in price premium and positive sentiment for a day or two?Disclaimer: This is speculation -- not financial advice. I am not at all a licensed professional. I currently own shares of NASDAQ:WNW .
Looking at randomly drawing lines, NASDAQ:WNW looks ready for a possible one or two day run up before a cool-down between $16.40-$18.25. From $13.40, possibly a 20-36% short term gain before close of March 26.
NASDAQ:WNW up from $9.84 at end of March 7 to $13.40 at end of March 19, with an intra-day high at $16.40 on March 18.
Its trading price now crossed over from Discount (Price < VWAP) to Premium (Price > VWAP). The last time its trading price crossed over from Discount to Premium was February 11.
You expect a sniper to shoot it’s target with 100% accuracy..!I published a private idea on WNW last night, and shared the link with my followers.
ONLY 2-3 entered the trade..!
Look at the performance 102% in a single day..!
It is time to ask ourselves why we follow someone? and how our decision making system will affect our results.
Link to the idea:
WNWWunong Net Technology Co Ltd (NASDAQ:WNW) I want to congratulate anyone that followed the WNW pick on Thursday at $14 when nobody was talking about this China stock, which raked in over 100% in real possible gains. There were plenty of opportunities throughout the day to get involved and easily book a profit. As I tweeted yesterday, I took profits. If you're still long, stock only has a major resistance at $40
Wunong Net Technology Co. shares soared as much as 402%Wunong Net Technology Co. shares soared as much as 402% on Wednesday as the e-commerce company extended its climb in a second day of trading since its initial public offering, showcasing Wall Street’s recent appetite for newly listed companies.
Stock in the retailer -- which sells “non-genetically modified” food products through its online store -- soared on the day as it triggered 12 volatility halts as of 2 p.m. in New York.
Shares rose 141% on Tuesday after the Shenzhen-based company raised $30 million in its IPO .
The stock’s debut is among a flurry of listings before the end of the year, which includes last week’s blockbuster offerings by DoorDash Inc. , which climbed 86% on its first day, and Airbnb Inc. , which surged 113%.
finance.yahoo.com