Long:
CBIO: Stock is in a rising channel coming from $4.50 to high $20s. The last three days it pulled back to $20.00. Today, though it popped higher trading to $25.81 and closing at $25.39. There is strong momentum to this stock and I would look to go long over $27.00 with price target of $30.00 (top of the channel).
ENT: Stock broke out of a declining channel and popped through lateral resistance at $2.80 trading as high as $3.22 before closing at $2.89. It did close above (now) support at $2.80. Over $3.25 and my price target is $3.60 and $3.90. Short ratio, 14.3 days to cover.
ERI This gaming stock has been in a long rising channel. It recently made a double top and today traded up to that resistance level at $35.00 closing at $34.55. Over $35.15 and I have a price target of $37 (top of the channel) and $40.00. Short ratio 10 days to cover.
GSUM: Stock in the AI sector trading right up at resistance at $13.50 closing today at $13.28. It needs to trade through $13.50 and $14.00 with $17.00 as the price target.
IMGN: After trading up to $9.00 last year the stock pulled back to $5.00 and then again made a strong up trending channel. Today it traded as high as $9.54 closing at $9.18. The stock really needs to get through $10.00. If it does I would look to go long with $12.00 and $15.00 as price targets.
IOVA: A stock I wrote about when it broke out the $9.50 range. Strong momentum in this stock with it trading as high as $15.75 and closing at $15.55. It has had a big move so may be vulnernable to a pull back. But through $15.75 and we could see $17.00. Short ratio 6.7 days to cover.
MTOR: Stock gapped up off the lower channel line today on earnings and traded up to resistance at $27.74 closing at $27.28. I would look to go long this stock over $28.00 with $31.00 and $35.00 as price targets.
SFLY: Huge move on this stock today, up $14.00 trading as high as $68.28 and closing just off the highs at $68.15. I would look for a good entry opportunity on this stock or over today's highs with a price target of $75.00. Short ratio 14.3 days to cover.
SQ: Last November the stock made a high of $50.00 and then pulled back to mid $30s. Since then it has been in an up trending channel and today traded up to resistance at $47.50 and closed at $46.91. Over $47.50 and it should test the $50.00 level. Through there and the top of the channel comes in at $60.00. Short ratio 3.5 days to cover.
TDOC: Stock has been consolidating for the last 7 or 8 months. If it breaks out above $38.15 with volume this could have a powerful move to $42.00 and $45.00. Short ratio 17.2 days to cover. So a strong break out and we could get a good short squeeze.
TTWO: High priced stock but such a powerful chart. After several months of consolidation, today it spiked higher to $127.77 closing at $126.67. As it is at the bottom of the channel and a new high there is a lot of room to move. The top of the channel comes in at $150.00. Short ratio 3.2 days to cover.
ZFGN: Stock broke out of a key basing pattern today trading as high as $7.10 and closing at $6.87. It is right at resistance but over $7.25 and I would look for a move to $8.50. Short ratio 5.4 days to cover.
Short:
AAOI: Stock continues to trade lower and looks poised to drop. I would go short below $32.00 with $26.50 as my first target then $22.00. It is an ugly chart.
AGX: Stock plunged last December and then has been forming a bear wedge. It broke to the downside of that wedge yesterday and traded back to resistance. I would look to short this stock below $43.50 with price targets of $42.00 and then $36.00. Short ratio 6.3 days to cover.
BITA: Stock has broken down to of the bear flag it was forming and today traded as low as $34.01. I would look to short below $34.00 with targets of $33.00 and then $28.00. Short ratio, 2.9 days to cover.
PLAY: Stock has broken below the bear wedge the last few days and traded down to $46.41 today. Below this level and I would look to short with $42.00 as the price target. Short ratio, 3.3 days to cover.
Happy to help the community.
Thankyou
Cheers Bob!
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