Cemtrex Inc (NASDAQ:CETX) has been consolidating in the 1.25-1.4 range since its big surge in price and volume in November. Yesterday, the stock broke out of a bull flag pattern that has formed in this consolidation process. The top of the range now represents the major key resistance level, which if broken could lead the price towards the July highs around the...
Ageagle Aerial Systems Inc (NYSEAMERICAN:UAVS) showed some nice strength yesterday, despite the weak market. Price broke through resistance at $3.92 accompanied with high volume. The stock hit a high of $4.28, which is now resistance for Monday’s continuation move. If the stock can break through resistance, we should see another upside move.
China Xiangtai Food Co Ltd (NASDAQ:PLIN) appears to have bottomed. News out last week as well as some filings could be the impetus for a rally in these shares. Keep a close eye on it over the next few days for confirmation that a bottom was reached and a rally is underway. On Friday (Form 6-K) the company closed a private placement financing of 704,762 ordinary...
India Globalization Capital, Inc. (NYSEAMERICAN:IGC) The way bulls have shown their aggression on Friday afternoon, could indicate the potential for some upside gains in the very near-term. The 4h chart shows a stock that is looking to rally with $2.20 as the next logical price point. After that the November high of $2.66 would be next. From a technical...
Ever-Glory International Group Inc (NASDAQ:EVK) A closer look on the 4h daily chart of EVK reveals a potential rounding bottom reversal pattern. The short term trend is starting to turn up and momentum appears to be in favour of another strong upside. A sustained move above 3.80 will signal further presence of buyers and will provide more strength to the bulls,...
Marin Software Inc (NASDAQ:MRIN) could we be looking at the beginning of another big rally? This stock surged late in the session on Friday closing above the $2 mark on strong volume accumulation. This stock has been flying under the radar of many traders for quite some time due to Marin's integration with Amazon and deserves a look going forward. Chief Executive...
"Bottom Triangle" chart pattern formed on Invesco KBW Bank ETF (KBWB:NASDAQ). This bullish signal indicates that the stock price may rise from the close of $40.89 to the range of $57.00 - $61.00. The pattern formed over 119 days which is roughly the period of time in which the target price range may be achieved, according to standard principles of technical...