Stockonomy Weekly Pick 02.15.2021 $IPOE is a SPAC for SoFi Lending Corp. which offers student loan refinancing, personal and home loans, mortgage, investments, insurance, and other related services for borrowing, saving, spending, investing, and protecting. $IPOE has seen impressive accumulation volume followed by low relative volume consolidations. Price...
Stockonomy Weekly Pick 02.15.2021 $PLUG has been a big name inside the EV space over the past year and, thus, has seen a massive run-up. Price has been consolidating on low relative volume for 3+ weeks. Price could move higher with some volume coming in.
Stockonomy Weekly Pick 02.15.2021 $SPCE has seen a strong run-up in recent weeks on strong volume. Volume has since dried up on strong consolidation and an oversold StochRSI. Look for another inside day or further sideways movement for an ideal entry in the coming days.
Stockonomy Weekly Pick 02.15.2021 $FUBO Price has been everywhere in the past few months trading on large volumes. Price seems to have began a new uptrend on high accumulation volumes and lower consolidation volumes. Price recently pulled back to the 38.2% Fibonacci Level with an oversold StochRSI reading. Price may dip to 61.8% before continuing upward so...
Stockonomy Weekly Pick 02.15.2020 $SFIX has been trending upward on strong volume since December's earnings beat. $SFIX has pulled back recently to 61.8% Fibonacci levels along with an Oversold StochRSI reading. Sideways price movement has confirmed that support. Expect $SFIX to continue its uptrend in the coming weeks.
Stockonomy Weekly Pick 02.08.2021 After $LAZR's huge uptrend, volume has disappeared as price has consolidated bullishly. The uptrend is still intact as 12 EMA > 21 EMA > 55 EMA and the StochRSI is in oversold territory. Expect a big move out of $LAZR sooner rather than later.
Stockonomy Weekly Pick 02.08.2021 After a high volume run-up following the golden cross setup, $GSX wedged back to the 21 EMA and near 61.8% Fibonacci Levels. Extreme StochRSI, 21 EMA support, and relative volume indicate an excellent entry zone to higher prices.
Stockonomy Weekly Pick 02.08.2021 $VIAC has been on a steady uptrend for weeks now and bullish volume has continued to increase compared to low relative volume on consolidation days. A healthy pullback to EMA support and an oversold indication on the StochRSI indicates and excellent buying opportunity. Consider any dip into the buy zone as a buying opportunity.
Stockonomy Weekly Pick 02.08.2021 $NFLX gapped up strong following earnings and followed through with a full bar that day. Price pulled back and consolidated on low relative volume to 61.8% Fibonacci Levels. Bullish volume began to show up late last week on Netflix's raised prices and Friday's close provided with an inside day bar as a good entry point.
Stockonomy Weekly Pick 02.08.2021 $BYND Gapped up on high volume back to back days before low relative volume pullback to 61.8% Fibonacci Levels. Friday's price action resulted in an inside day candle representing an excellent trade entry. We could see further consolidation as StochRSI is not quite extreme, however, $BYND may not give us much more time.