Notice it respected the trend line on the monthly chart and had a multiple bottom at $11. The MACD is curling up on the daily and has already crossed on the 55min.
Started my position with some $11 October 18 calls and will add on the break of 11.81 (.236 Fib)
Last 2 times we had MACD cross on the daily we saw new 52 week highs then a retrace only to rebound even higher days later to the .61 Fib extension levels both times.
This time we have retraced to 5.80 and from there our .61 level is $9.10.
Looks like we are getting that MACD cross on the daily this week and Im damn near certain we see $9 this week.
Looking for a bounce off the 61.8 Fib and retest of that level (2.90-2.91) to go long. The MACD cross can be seen on 4hr and 2hr charts.
If that doesnt hold I will do the same at 78.6%
1st target 3.39
Small cap, low float, patented tech... has explosive potential
Notice the cup & handle formation on the daily. Also notice the very bullish triple bottom @ $1.47 after a healthy correction. Im looking for some consolidation along the ascending trend line and pausing at the fib levels briefly on its way to the short term target of $2.40
Beyond that there are favorable catalysts and buyout potential.
Looking for a break of 8.61 which is also the .61 Fib level. Likely to consolidate within the trend channel briefly before moving up into the 9.59-10 range. J-hook or Cup and handle appear to be likely. Notice the support at the 20 EMA has been tested several times and also the MACD about to cross on the daily.
Watch for a "J Hook" developing on the daily chart and notice the that the .61 FIB was tested 3 times and held in 5 days of heavy volume. Also several higher ups at CVM were awarded options @ $5.65 in lieu of salary. This late in Phase 3 this fact alone makes me super BULLISH.
Looking to retest the $7.50 high and either consolidating for a few days or just blast...
The EMAs crossing over in addition to the MACD cross make me bullish on this. Also near the .78 fib level. Looking for a break of $7.04 to go long. Also there was a buy out offer for $8 back in December 18 that was rejected. $8 target.
2. Potential buy out
3. AI is hot
WMK bounced perfectly off its long term up trend at $43.67. This line has been tested successfully 4 times in a year and I expect it to hold again. Weiss Markets (WMK) was beat up undeservedly on Amazon grocery news. Price target $50 also WMK could be a merger or take over candidate for Amazon or others.