NKLA was recommended as a short opportunity here in early September in the $35 area. We suggested banking a piece later that month in the $25 area, but staying involved as a long-term short. As the stock gets back to the SPAC b/e price around $10. It could go lower. But it may find some upside volatility here, so we would ring it.
PLBY is a stock we first alerted on Mar 30 as an NFT SPAC play. The stock has launched over 230% since that time (in just over a month), and now we want to go ahead and close it out. Today's bar is troubling, technically. It may continue higher. But this was a reversal day after a massive run. The stock was up big early in the day and closed down big on no real...
ADMQ appears to be working through a bullish ascending triangle pattern with a breakout trigger in the dime area. The pattern is broad enough, based on our experience, to signal important follow-through if it triggers a significant breakout above the level in terms of order flow. ADMQ's wholly-owned subsidiary, Just Right Products, Inc., has been consistently...
On GME, we noted a couple weeks ago that it might break the triangle one way and then the other. Right now, that would add up to a bearish thesis on the stock. It broke out to the upside and has since started to erode and is now under the 200-day SMA on a closing basis for the first time since following the Feb crash.
Time to go to the bank with a chunk of the MUDS long idea as it jumps up through the 1.618 fib extension target off the first wave higher in a sudden three-day sprint. We first alerted this one back on April 6 as a major NFT SPAC opportunity similar to our long call on PLBY.
It's quickly becoming Decision Time for the GME pattern. This monumental symmetric triangle has come about as much "to a head" as possible at this point. These often resolve with a headfake false breakout and then a reversal and major move.
GWHP building a base at key range support. MACD steadily showing bullish divergence at the same time. A break above the 50-day MA in the $0.75-0.80 area would represent a key bullish development.
TLRY is another cannabis name that has suffered a brutal corrective run of late. But bulls watching the Log charts have reason to get interested here as the stock pukes down to test key trendline support matched up with price/range level support to celebrate 4/20.
GRWG testing confluence support at log trendline and range level after guiding FY21 revs and EBITDA in-line and announcing acquisition of garden supply center in Michigan.
MEDH has been channel-trading in a wide range. Now, the stock is back at support as the whole cannabis space has corrected. A rinse-and-repeat channel technical opportunity in the making for active participants. The company continues to expand and ramp up as a new entrant into the space. MedX Holdings Inc (OTCMKTS:MEDH) is a new entrant into the US cannabis...
Don't look now but long bonds are suddenly pressing the top of a bullish ascending triangle after a strong 30-year auction.
We told you MUDS was ready to rock last week on the coattails of the PLBY juice as the next collectibles NFT pop (Topps Baseball Cards). After a quick 20%, it's time to put some of it in the bank, but this could easily keep running given the caliber of the people involved.
FCTI sees confluent bull signals from RSI and MACD oscillators after breaching key dollar support. Recent candles suggest strong-handed bids have entered the tape to pick up the bargain. A move back above the $1 level from here could be significant. FACT (Forensic Asset Certification Technology) is a global organization that is revolutionizing security for the...
AGYP shares sit in a well-formed bullish pennant with a sloped trending support level holding firm as RSI prints a potential bullish signal above a rising long-term moving average. Allied Energy (OTCMKTS:AGYP) specializes in the business of reworking and re-completing existing oil and gas wells located in the thousands of mature oil and gas producing fields...
USO is narrowing in an unusually tight consolidation in a normally highly volatile market. Something has to give. Oil is pinched between supply constriction and concerns about demand. But the trend remains to the upside. Watch for a shakeout to bust support followed by a trailing bid oppty.
ASDN sits on a key sloped line of support as both RSI and MACD signal a potential bull inflection. MAs point higher as the company lines up key catalysts in EV and aerospace booms. Astro Aerospace is the developer of the world’s most advanced, autonomous, short haul, eVTOL (Electric Vertical Takeoff and Landing) aerial vehicles. The company's stated mission is...
RIOT just announced 80% jump in mining productivity y/y in March, and with BTC pricing up over 500% in same period. Stock in lateral consolidation. But annualizing p/s still above 25x. Tethered to BTC price trends. As long as BTC in rising trend, RIOT can run.
INKW is sitting in a constructive lateral consolidation following an explosive upward breakout in January. The MA's are rising and RSI is pointing to a bullish relative signal as the bull pennant comes to a head. Greene Concepts, Inc. (www.greeneconcepts.com) is a publicly traded company. Through its recently acquired wholly owned subsidiary, Mammoth Ventures...