Welcome 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)
...
SPRB Minimum time of 15 days and a maximum of 2 months you will see a movement from these levels between 40-100% up or beyond
the Setting has been studied with a risk-return accuracy of 80%
Spruce 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...
This 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...
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.
All,
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...
