Monday, November 30, 2020

ALNY Alnylam Pharmaceuticals

 

ALNY has bounced of support at $120 4X, and is again showing bullish signs with the RSI crossing above 50. The stock has 10 analysts with a strong buy rating with price targets between $93-$225.

INO Inovio Pharma

 

INO twice found support at the $9 level, now starting to look bullish with moving averages turning up and RSI crossing above 50.

Friday, November 27, 2020

ETHE Grayscale Ethereum Trust

 

ETHE will likely take a hit at the open, it got overextended short term, but still looks bullish longer term. It could still be bullish with a correction to $65. The NAV premium is now 75%.

SU.TO Suncor Energy Inc

 

Suncor double bottomed at $15.00 and is now looking to move higher along with other stocks in the energy sector, however it may be overextended short term.

Wednesday, November 25, 2020

BIGC Bigcommerce Holdings Inc

 

BIGC formed a double bottom in the mid $60's area, and broke the down trend line from the highs, now it may be in the early stages of a nice upward move.

CCJ Cameco Corp

 

After a pullback to the $9 area we are seeing what could be the early stages of the next bull move, with the moving averages and the RSI confirming.

Tuesday, November 24, 2020

XOP S&P Oil & Gas Expl & Prod SPDR

 

XOP The oil and gas sector is showing sings of a turn around, but short term it may be a little over extended. Lots of stocks that are very undervalued long term.

GFF21 Feeder Cattle Jan '21

 

Feeder Cattle pulled back 50% from it's advance and may want to move back higher to continue the bull move, the RSI is confirming.

GCZ20 Gold Dec '20

 

GCZ20 Gold just broke below strong support at $1850, lots of damage in this chart. Similar patterns and damage in the gold stocks.

Monday, November 23, 2020

RXT Rackspace Technology Inc

 

RXT formed what may be a triple bottom around $15.50, moving averages and RSI are showing signs it wants to move higher, 9 analysts have a BUY rating with targets from $23-$29.

LEGN Legend Biotech Corp ADR

 

LEGN forming a bottom with moving averages and RSI turning bullish. 3 analysts rate it a buy with targets of $47-$55.

SUMO Sumo Logic Inc

 

SUMO wants to break the resistance level, moving averages and RSI confirming a new bullish trend.

Friday, November 20, 2020

PSXP Phillips 66 Partners LP

 

PSXP looks like it has bottomed with the stock now above the moving averages and RSI above 50, needs the energy sector to get moving. 3 analysts have a strong buy rating and price targets range from $27-$47.

GEOS Geospace Technologie

 

GEOS bounced off a double bottom at $5 and has crossed above it's short term moving averages, and the RSI well above 50. Be aware that this is a small market cap of about $80MM and low daily volume.

Thursday, November 19, 2020

FSLY Fastly Inc

 

FSLY fell below the $75 support, then broke through the same level after it became resistance, now the moving averages are turning up and the RSI has broken above 50. Could be a big winner.

Wednesday, November 18, 2020

Tuesday, November 17, 2020

FLIR Flir Systems Inc

 

FLIR broke the down trend line, everything looks like a go from here. 5 analysts rate it a strong buy, median target price is $48, high of  $57.

NOG Northern Oil and Gas

 

NOG has broken through it's down trend line, short term moving averages are turning up and the RSI is above 50. Many energy sector stocks are starting to show similar patterns.

Monday, November 16, 2020

IPOB Social Capital Hedosophia II Cl A


 IPOB stock pulled back more than 60% of it's advance, is now trading above upward moving averages and RSI now crossed above 50. Might see new highs soon.

ONEW Onewater Marine Inc Cl A

 

ONEW has pulled back about 50% of it's advance from the March bottom and appears to have found support at the $18 area. The moving averages are now turning up and the RSI has crossed above 50. Two analysts have it rated as a strong buy with one year price targets between $30-$34.

LAC Lithium Americas Corp

 

LAC experienced a 50% pullback from the advance which started in mid March, the stock now seems to have found support around the $10 area,  the RSI just crossed above 50.

Friday, November 13, 2020

Thursday, November 12, 2020

PLTR Palantir Technologies Inc Cl A

 

PLTR break out to new highs, all indicators confirming move.

U.TO Uranium Participation CO

 

           

U has made a full 62% Fibonacci pullback, now with the moving averages turning back up and the RSI above 50 we may see it back to former highs.


Wednesday, November 11, 2020

FPRX Five Prime Thera

 

FPRX up 364% in the afterhours market on positive drug news (here)

ENB Enbridge Inc

 

ENB stock has turned up above it's moving averages, RSI is above 50, next stop is $34 then higher. Good potential returns in this political environment plus a nice dividend.

Tuesday, November 10, 2020

OXY Occidental Petroleum Corp

 

OXY just bounced off a double bottom, both moving averages and the RSI are confirming the move higher, now we need to see crude oil continue to move.

Monday, November 9, 2020

CTZ20 Cotton December 2020

 

CTZ20 price is right on the upward trend line but looking very tired and the bullish move may finally be over. Relative strength has fallen and moving averages have crossed to the down side.

Sunday, November 8, 2020

NNOX Nano-X Imaging Ltd

 

NNOX stock showed a bullish divergence with the RSI, with the indicator crossing above 50, it has now crossed above the short term moving averages and looks promising.

Friday, November 6, 2020

AG First Majestic Silver

 

AG the stock had a pullback to the 50% of the previous advance, now it's looking like the correction is over with the stock trading above short term moving averages and the RSI above 50.

CGC Canopy Growth Corp

 

CGC price is above moving averages which are turning upward, and the RSI above 50. The cannabis industry is finally showing signs of a possible bottom and slowly turning up, but will the momentum hold?

PAA Plains All American Pipeline LP

 

PAA is trading above short term moving averages and the RSI crossed above 50, so far looking good. There are 10 analysts that have a strong buy rating with 1 year price targets ranging from $8-$16, plus you get a 10%+ dividend yield.

Thursday, November 5, 2020

XPEV Xpeng Inc ADR

 

XPEV break out after 2 month consolidation, no resistance.

THO Thor Industries

 

THO may have found a support around $85, and price is showing bullish divergence compared to the RSI.

Wednesday, November 4, 2020

VXX Ipath.B S&P 500 VIX Short-Term Futures ETN

 

VXX traded down recently and is down overnight, could be a surprise hit for those expecting election results issues.

GBTC Bitcoin Invt TR

 

GBTC in bullish mode but may find strong resistance near $17.40, expect lots of volatility short term.

A6Z20 Australian Dollar Dec '20

 

A6Z20just broke through the down trend line from the September high, with moving averages crossing up, looking bullish for now.

ZRF21 Rough Rice Jan '21

 

ZRF21 is bearish but may find temporary support at 12.20

Tuesday, November 3, 2020

NOV National-Oilwell

 

NOV bounced off $8 support, might be a low risk trade, but the upside could be limited.

RBA Ritchie Bros. Auctioneers Inc

 

RBA crossed above it's short term moving averages and the RSI crossed above 50.

Monday, November 2, 2020

LSF21 Lumber Jan '21

 


LSF21 Lumber has corrected more than 60% of the advance, and has now found support around 440. Looking at the moving averages, Lumber looks like it wants to move higher, how high??????

DXZ20 U.S. Dollar Index Dec '20

 

DXZ20 has turned up above short term moving averages, may have formed a bottom.

MAXR Maxar Technologies Ltd

 

MAXR is right on the up trend line of support, although it's below the short term moving averages and the RSI is below 50. Next earnings release is due Nov 5/20. 😱