SHOP shares showed a potentially bearish bear engulfing pattern following a gap to a new all-time high on Wednesday. The stock is stretched, to say the least. Caution.
TSLA just took a big hit. But it was signaled yesterday, as we discussed in our warning piece: Yesterday, we warned of the "Evening Star" bear signal here as a topping signal. Today, TSLA shares fell nearly 20%. Support is at $600 and $500, with Fib support at $670 and $485.
ROKU just attempted to break down... and failed to follow through. That could signal a fresh opportunity on the long side if the stock breaks above the sloped resistance line in place in recent weeks as its next step in the pattern.
IBM is back in style! After naming a new CEO -- and embracing the cloud services transition -- IBM shares are breaking out on multiple chart dimensions right now. With a dividend yield that is 3x the US 10-yr yield, the institutional money will likely be eager to chase in this market.
LYFT shares broke out of range resistance on Tuesday. Ichimoku Cloud indicator has a full green light on the breakout at this point. Volume was strong, suggesting substantial participation.
TSLA has been a legendary mover in the market over the past couple months, harkening back to the heady days of the late 1990's in a QCOM style parabolic freak show. But longs need to take heed after Tuesday's peculiar bar formation came into place into the close. A gap to the downside on Wednesday will produce a type-specimen "Evening Star" candlestick topping...
EMHTF is one of the big smoking craters in the 2019 cannabis bear market. But recent action shows a broken downtrend line following deep oversold RSI readings suggesting some healing may be on the way. --------------------------------- Emerald Health Therapeutics Inc (OTCMKTS:EMHTF) Emerald trumpets itself as a licensed producer of medical marijuana under the...
PMCB displays a very clear change in direction of trend following a basing process that includes a type specimen MACD Bullish Divergence. ------------------------------------ Pharmacyte Biotech Inc (OTCMKTS:PMCB) Pharmacyte trumpets itself as a clinical stage biotechnology company that focuses on developing and commercializing cellular therapies for cancer and...
OTC:SURG shares are battling for support after holding and achieving a bullish breakout above trend line resistance to start this year. ------------------------------- Surge Holdings Inc. (OTCMKTS:SURG) Surge is a retail supply chain company that provides a virtual wholesale marketplace hub for retailers, as well as telecom services for low income customers...
RXMD put in a key low on a glaring bullish MACD divergence. Now we see to be angling toward an ascending triangle breakout that could bring the dime level into play. ------------------------- Progressive Care Inc (OTCMKTS:RXMD) Progressive Care has been putting up huge growth data in recent months, vaulting onto our radar as one of the most interesting penny...
GGBXF is a deep value oversold play with RSI at desperation levels, and shares down well over 90% y/y. Any kind of shift in sector sentiment will likely create some snapback bounce action here. ----------------------------- Green Growth Brands Inc (OTCMKTS:GGBXF) Green Growth trumpets itself as a company that engages in the cultivation, processing, production,...
CVSI had a brutal last year, but is fighting for fresh support and just broke the longstanding bear trendline suggesting that a turnaround could be in the cards. ----------------------------- CV Sciences Inc (OTCMKTS:CVSI) CV Sciences bills itself as a company that operates two distinct business segments: a drug development division focused on developing and...
PLNHF shares in large timeframe bullish triangle with MACD markers in place. A break above $2 could set off a fresh breakout. -------------------------- Planet 13 Holdings Inc (OTCMKTS:PLNHF) Planet 13 promulgates itself as a cannabis company that cultivates, produces, and distributes medical and recreational cannabis in Nevada, the United States. It also...
NEXCF has been a big winner over recent months, but there's nothing in this action to cause undue concern at this point. Continued constructive posture. ---------------------------- Nextech Ar Solutions Corp (OTCMKTS:NEXCF) Nextech bills itself as a company that engages in the acquisition and development of augmented reality (AR) technology. The stock has been...
MMNFF shares suffered through a brutal 2019 as supply and debt pinched shareholders, along with regulators. But 2020, and a broken trendline, suggest some repair ahead. ------------------------------- Medmen Enterprises Inc (OTCMKTS:MMNFF) Medmen, together with its subsidiaries, operates in the cannabis space in the United States. The stock took a freaky bad...
SDEC shares in parabolic run following ascending triangle bullish breakout in January. ------------------------------ Smart Decision Inc. (OTCMKTS:SDEC) Smart Decision is an interesting algorithmic solution for new adopters entering the CBD space as consumers. It’s not easy to make sense of all the different variables as a first-time or inexperienced consumer...
SPY is set for a critical technical test as we kick off a fresh week of action. The 50-day MA is lined up in confluence with key support at the 3200 level.
GLD has been a beneficiary of fears related to the Coronavirus outbreak launched from Hubei Province, China a couple weeks ago.