APPS: The stock has been in an up trend for the last year from $.60. The angle of ascent is starting to steepen now. It broke through lateral resistance today trading as high as $1.98 closing at $1.85. The momentum seems to be accelerating as big volume comes in. Targets of $2.25 and $2.50 to start. Short ratio, 12.5 days to cover.
ARDM: Stock approaching lateral resistance at $6.64. It has made an orderly falling wedge pull back and since mid November moving back up. If it can get through that level the next resistance is $7.00.
DPW: Scary moments for traders in this stock today but it did make a new high trading up to $5.95 closing at $5.05. Momentum is strong and the angle of ascent quite steep leading me to believe this stock is not done yet. Top of the channel comes in at $7.00.
FNSR: After being on my short list, dropping from $21.00 to $17.00 the stock bottomed out and started to bounce. Today it had an explosive move trading up as high as $25.41 before closing at $23.70 (after hours at $24.20). I think the deal with Apple is a game changer for the company. $29.00 is my price target. Short ratio, 3.1 days to cover.
GBTC: Not looking to trade the stock but it is a powerful chart and helps to fuel the other cryptocurrency stocks. It looks to be in wave 5 of a 5 wave pattern and could be a blow off stage. If the angle of ascent stays the same the top of the channel comes in around $3,000 (currently $2,335). And if it really got crazy maybe as high as $4000. But for a stock that has been up $400 per day it may not be that far fetched. If it goes it could fuel the whole sector.
Yeah, be careful .... I think Goode did ok on it today but right now Bitcoin is down 6% to 16,600 Thanks for the info
Bob... I just looked at APPS. I was thinking about a play but in the overnight it went from $1.90 up to $2.15 and now back down to $1.88. When I see these eradict moves like this I just don't know what to make off it. Is this a long, a short, or no play at all?
Just an idea. Probably not a trade for me.
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