Not financial advise. I'm just some guy on the internet.
Basis for recommendation: Technical Analysis only.
What is LEDS? Some Asian tech company.
What do they do? Tech stuff. Okay, fine, semiconductors.
Is it a buy? The charts indicate we are entering a price reversal ZONE. So far, just the tip and ONLY the tip! Be aware share price could decline a further...
LEDS is an extremely low float (0.85 mil) pump and dump stock. This has been trading under low volume and holding a somewhat steady trend. The uptrend and downtrend are converging forming a wedge. For a short term trade, the break of 4.00 should be an easy run to 4.25 range (if it happens with the next few days). 4.35 is where the current down trend resistance....
Got a great entry and target at 4.06 and 4.55. predicted a cup and handle formation, on the open cup formed waiting for 50% re-tracement on handle to replay this to close the gap with upper target over 5.25
LEDS Trade Idea - Green Knight Signal - With price action closing over the 100ma and close to
significant resistance at 4.26, the Macd and RSI showing bullish movement and the Green Knight's
appearance on the daily chart, LEDS looks primed for a continued movement if it can break over 4.26
and 4.47, possibly re-testing a previous candlestick high close to the $6 mark.
LEDS - If LEDS breaks over key resistance at 4.47, it has a good chance of moving higher. RSI and Macd are still bullish. A retest of $6 is possible if price action crosses over the 4.47 line. Would like to see LEDS hold the 100ma support line at market close today.
This is a low floater with huge potential to run, very similar to RKDA. I called RKDA, and this has a very similar setup with similar potential. Notes, as well as BL and SL info on chart. Looking to open a small position here for a nice run. Leave questions or comments below if you have anything to add. Thanks!
LEDS, Set Buy Limit order with other cancels other order for stop/target price. I'm going to try something new and predict that the next candle will be a filled green candle with long shadows on one or both sides.
Buy Limit order: $3.20
Stop Loss: $2.60
Target Price: $6.30
Time Frame: Feb 9th
Every day of late, I see small caps surging incredible amounts. Sometimes there is no rhyme or reason, other than they are low float former runners. I have decided to get into the action with one that seems to make perfect sense. The stock is SemiLEDs Corporation (NASDAQ:LEDS) and it has all the characteristics of a small cap that will surge. Not only is it low...