NUGS is a penny stock that has recently had a massive run and is now trading within a very tight channel. I believe that this channel will break due to hitting a major resistance zone and a lack of volume. If it falls 50% it will be within a major support zone and would be a good buying opportunity with a good R/R ratio.
Testing out the Renko chart style on its accuracy in determining S/R areas. NEPT has recently formed a double top, though we appear to be at the bottom of the V and we could see more upwards action. I am very curious to see how price action continues with the Renko style applied - how that translates, etc. - and if the effectivity of the Renko style can be...
GLBS is at its all time lows and has been hiking up and then falling down for quite a while now. Recently, however, volume has increased over 1300% over the 40MA despite price not making any sudden moves, this suggests that volume is being absorbed and that pressure is building up for a massive upwards move.
MMNFF has seen a runup of more than 850% within 5 days, recently falling over 75% from its peak to a well-respected support level that has had both a double top and double bottom. If this level fails, there is always the higher highs trendline to provide support. If volume and momentum are consistent, MMNFF has the potential for another run-up.