Fresh into the trading game and wanted to start publicly documenting my thoughts. Here are the stocks I'll be watching this week. I'll attempt to breakdown each stock with a fundamental and technical analysis.
$XXII - looking to buy around 1.25 hoping to sell around 1.50.
Fundamental: Just annunced the launch of a new "hot" product of low nicotine cigarettes. Press release set for April 21. Product available April 24.
Technical: Biggest break of 1 year downtrend. Extreme increase in volume. 6 month RSI of 70 as of tonight (I see a possible dip at the open).
$SPPR - looking to buy around 3.10 hoping to sell around 3.50
Fundamental: Recently sold 2 hotels, with more expected sales. Profitable company.
Technical: Biggest break throughout a bumpy year. Extreme increase in volume. 6 month RSI of 84 (probably overbought, but they're forecasted to sell hotels worth more than their market cap).
I'm still learning, and hope to provide more effective analysis in the future. If anyone knows how to connect the Robinhood App to Profit.ly, please share. I would like to post my trades publicly.
Cheers.
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