WORX is shown here on a weekly chart. Basically it has been falling since COVID. Apparently,
a Chinese company manufacturing electric landscaping and yard maintenance tools. In the past
four days a big move up from 1.40ish to over 3. Looking to the left, it traded at 125 around the
time of COVID. The FINRA short indicator had a burst of activity and the...
-Similar set up as BTX
-First big run was nice but we kept on going
-with volume and price action we should see this start to approach new highs soon
-Worth watch On Monday
-Once we break fridays highs we should be looking for a zombie move towards ATH
-watch for fakeouts and rejections
WORX stock tested a key FIb level on Wednesday being the 50 fib line after plotting the top anchor at the recent high the first time WORX busted above the 50 fib. Before this latest round of testing, the last time WORX reached this key level it was rejected heavily.
A few weeks ago, the company announced that it had regained compliance with the NASDAQ listing...
Pupm&Dump trading strategy idea.
$WORX is rising too much today.
The demand for shares of the company looks lower than the supply.
This and other conditions can cause a fall in the share price today.
So I opened a short position from $3,87;
stop-loss — $4,20;
take-profit — $3,22.
Do not view this idea as a recommendation for trading or investing. It is...
$WORX BULLISH CYPHER PATTERN
SUPPORT AND RESISTANCE
MA50 crossing up MA200
Spike in Volume
SCWorx Corp. provides software solutions for the management of health care providers' foundational business applications in the United States. The company provides services related to repair, normalization, and interoperability of information, as well as big data analytics...
I have been watching for a while for this stock. I like how it looks like. I see good volumes and think someone is gaining a big position.
TP1 1.96 TP2 2.6 TP3 3.8 TP4 5.8
the market has been pretty turbulent the previous weeks. alot of my stocks in my watchhlist seems to have find a strong support, time to get in again. stop loss 1.20. target 4.05
Bought in at $1.80 slightly earlier then I wanted to. Better entry was in the .70s. Anyhow it is ready for higher numbers. Just need to break the 200 day MA and close above that and we should be good to $5 plus. Short term. Good luck!! Follow for more great ideas every week.
Potential gain:+200%
Reward/Risk:+10
Timeframe: <100 days
I always try to present the charts in a simple comprehensive format to prevent any confusion.
This is just my technical view, neither a fundamental comment,nor a recommendation to trade..!
Please review my track record and calculate the odds for yourself..!
Don't forget to like, comment, and Follow to...
High risk trade with this small-cap pennystock.
Huge R/R potential - Ranges between 2-7 depending on your price target.
Scaling in slowly with small position sizes is recommended here to somewhat mute volatility.
Profit target range - 29%/63%/93%
Max loss potential - 13%
SCWorx Corp. develops software for healthcare providers. It provides data normalization, application interoperability and big data analytics. The company was founded by Marc S. Schessel in 2012 and is headquartered in New York, NY.
