Good Evening my friends! I don't know about all of you, but today was a bit of a slow start to the trading week for me; no trades and not a whole lot of explosive action. That's totally ok. Like I said in one of my previous watchlists I'm getting spoiled by this hot market. Today's watchlist isn't gonna be anything too new; all of the stocks that were on the previous watchlists are all still in play with one new addition.
$RDHL: I know I don't need to go over this one again, however the company did just release news today of "Non-dilutive external funding of their entire covid 19, 300 patient phase 2 study". Despite the news and the high pre-market volume the stock failed to spike today. The pattern is still in tact so I'll still be watching it throughout the week.
$VVOS:Just like $RDHL, we all remember this one. No new news, but this three day fall is very healthy in my opinion and I'll definitely be looking for some sort of red to green / first green day bounce on it.
$WISA:Not a huge fan of this chart, but the pattern is there nonetheless. This basically looks like a bottom bouncer, low float (16.62 million), micro market cap (3.35 million) with record volume of 106 million shares traded on the day that popped on news of a 5 year licensing deal. Put in a solid red day today but held onto the gains from its gap up. I'll be watching for either a red to green on it tomorrow, a gap up and breakout of today's highs, or maybe a third day surge pattern. We'll just have to wait and see.
$SSNT: Not a whole lot of news I was able to find on $SSNT other than something about "XPO" chairman looking to take over spin-off co. I don't really know what to make of that, but the stock responded very positively; spiking 271% from the previous day's closing price. This one's too early in the pattern for me to know what to do with it so I'll just be watching on the sidelines until the chart further develops.
Pretty straight forward and simple list today. I'm super pumped for the week ahead as well as the rest of this month. Can't wait to see what's in store! Good luck out there in the markets everyone!
- Gyasi
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