NVAX ramped on the squeeze as crowd psychology and algorithmic logic took hold in the market crash last week. But this company has as much chance of participating in the actual vaccine as my aunt's family chicken soup recipe. We look for the fade.
APT has been the go-to freak-fest for momo traders in on the COVID-19 fear boom. The stock trekked from $4 to $40 and back down to $15. But we would expect the roller coaster ride to continue. Stay nimble.
LAKE shares were swept into a massive squeeze and crash sequence, but the impetus behind the upside remains in place as the need for pandemic supplies grows into an outbreak in the US. Support is back in play in the mid-teens.
SPY dropped to a major support zone during a week of chaotic pandemic-driven crashing action. Expect a giant cut by the Fed and talk of fiscal stimulus in the EU to start to curb the panic this week. Fed funds futures are already pricing in a 50 bps cut by Powell and the gang this month and Italy and Germany have already stated they will buck the EU pact to run...
GLD has dropped sharply as precious metals became a source of cash during the crash last week for overleveraged asset managers. But this could be a mechanically-charged shakeout in a continuing trend.
BYND has finally imploded again after earnings. We called this as a short candidate at $122 on 1/22/20. Now, traders should be up over 30 pts and it's time to start banking the gains. Support remains still far below in the $75 area. See prior call:
ROKU shares could be poised to benefit from a sudden jump in nesting behavior in the massive US market after CDC warns the pandemic is headed to the new world.
WORK shares are springing out of a base as the stock reacts to the potential positives of a market environment dominated by fears about viral transmission. Positive trend signals, MACD bull signal, base breakout.
GRUB has been in rally mode, and has outperformed the broad markets during the crash. Ichimoku Cloud support is in effect guiding this emerging upward trend. It could blossom if nesting takes hold.
SKDI shares have based out of a very Bullish MACD Divergence marking the ultimate lows seen over recent months. Now we have a new upward trend established with a breakout trigger in place at 0.012, and an upside target potential at 0.025 over the near term. - SKDI is a direct way to gain investment access to its wholly-owned subsidiary, Hakuna, which represents...
NGTF shares found key support on the retest of the range breakout zone after catching an RSI trend buy signal. Now, it's time to go and retest the breakout trigger zone around $0.35 for the next leg of the move. ----------------------------- Nightfood Holdings Inc. (OTCMKTS:NGTF) • Disruptor in a fifty billion dollar food and beverage space with credible and...
NVAX is one, of all the COVID-2019 movers, that we think is most likely to end up being a great short down the line. The long-term trajectory speaks of numerous failures to execute in clinical development, and the company is not part of the inside clique with funding to solve the virus vaccine puzzle. But it's up almost 100% since the news first broke last month.
ZM is clearly a COVID-2019 play. The technicals are undeniable. But the story is a little less obvious, until you think about it. The company provides remote conferencing services using cloud computing. Zoom offers communications software that combines video conferencing, online meetings, chat, and mobile collaboration. It has a large footprint in China, where...
GLD continues to display a positive posture as coronavirus fears temper economic growth expectations and ramp stimulus threats. Above all major MA's and riding a green ichimoku cloud signal. Onward and upward.
NGTF breakout continues... downtrend line is toast, Bullish MACD divergence in the base, upside target above $0.50 on initial extension. ----------------------------------------------- A Billion Dollar Company in a $20M Disguise? • Disruptor in multi-trillion dollar food and beverage space with credible and unique solution to mainstream problem • Award-winning...
NGTF shares are in breakout mode. Not only is the company apparently massively undervalued relative to its operational trajectory and market positioning, but the stock is starting to show signs of being poised for dramatic upside potential. After breaking its former downtrend line in a technical basing formation, NGTF shares (and there are only about 35...
USO has hit the skids amid demand concerns as China turtles under the weight of Coronavirus quarantining. OPEC+ has failed to deliver a cut. But support is holding and a squeeze is possible because better days lie ahead, powered by new stimulus and a coming jump in post-quarantine demand.
IBM is one we pointed out a few days ago as a likely breakout candidate following the appointment of its cloud computing leader as new CEO. WIth a strong dividend, instituational money has chased in, as expected.