$TELL $INO $ELSE $EBON $ACB $AMRNHello community,
Hope you had good weekend and are ready for this week .
Markets are in funky stage at this point and its definitely hard to predict what will happen . Over all conditions are I think sideways but you never know what will happen , There is old saying is SELL IN MAY AND GO AWAY It could be best approach with this chop market and patience might be the best play for next coming months . I pulled some plays from my watch list because I think we can make some profits on it , Most of the information's you will find on each chart.
Make sure you apply strategy of your own with any trades you take and don't follow anyone . Make sure you take your profits and the most important of all PROTECT YOUR CAPITAL .
www.tradingview.com
www.tradingview.com
www.tradingview.com
www.tradingview.com
www.tradingview.com
Share your opinions .
Hit that like icon if you like any of these .
Wish you best with your plays !
See you next time
AMRN
It's unbelievable where this is sitting right now..This is a nice example of how following who's involved can lead to excellent opportunities. Just look at $SAVA. In the Christmas months of 2019, multiple insiders were seen purchasing $100's of thousands worth of shares immediately before the share price skyrocketed several hundred percent. Fast forward 13 months later, and the price broke $100..
Still, many times, you question whether these sharp intraday rallies are the product of market manipulation, as they always seem to happen immediately before heavy sell offs, but who knows..
Financially good results are at stake technically ( AMRN )We have technically important points as support in a row
16, 15, then 14
14 are the last and most important support areas and we should not close below them
LONG $AGRX AHEAD OF FDA DECISION THIS WEEKTake profit 1: 7.50
Take profit 2: 10.00
FDA decision on the companies product Twirla. Womans contraceptive patch BRUDAC ADcomm voted 14-1 in favor. 200mmil marketcap with a 4bill addressable market. Chasing approval since 2013. Approval IS NOT for certain. They could be issued a CRL. Could go much higher on approval. Manage your risk accordingly.
$AMRN Maintains Bullish Breakout PotentialAMRN
At the end of the day, this is a massive lateral consolidation in a breakout bullish trend. There are plenty of scenarios here that could lead to a takeout offer well above current levels given Vascepa's potential. Defined risk; undefined upside.
$AMRN to $17 for re-accumulationAmarin ready for a dive to at least $17 for institutional re-accumulation before violating thru resistance and making new highs to $30 this year. Temporary short which I will re-evaluate and flip after liquidity is taken from support areas.
NASDAQ:AMRN
AMRN - Could Be A MonsterAmarin popped up on my daily scans that are showing bullish momentum following an oversold condition & I do like the look of its daily chart. A gap up on November 12th which has since been held. A Golden Cross occurring around the same time as well. I have a few price targets noted on the chart based on the Fibonacci Extension tool.
What really interests me about this stock is the +32% short interest currently out on the stock. 1/3 of the 363 million outstanding shares are currently shorted. If this stock does continue its bullish momentum, then it is only a matter of time before the shorts have to cut loose. This thing can become a monster. I would definitely keep it on a watchlist at the very least.
LONG ACB AURORA CANNABISBuy low sell high. Showing signs of a bottom. 2018 4.00 support level looks to be tested which computes a 50% upside from current levels. Could experience an echo bubble type move like other equities have in the past. Pot stocks starting to get a little more attention recently.
LONG ITCI broken overhead resistance ahead of PDUFA ITCI up 20% on the week and further 30% upside ahead! Looking to test 2019 resistance area around 14.50 ahead of its scheduled PDUFA approval on Dec.27th. TP 2 16.50.
Here 'l'll Let You in on a Little Secret:It's Called Gun and RunThat's what happened. Market makers pump up the share price in the premarket or in the after hours, then short it at artificially inflated prices to everybody in the morning.
Think of it like an investment. You buy $2 million worth of stock for, let's say $25.00, then sell $20 million worth of stock for $26; then you cover when the price tanks in the morning. Of course nothing is guaranteed and it could go wrong, but the risk reward is very strong
Those figures could be an exaggeration because I've never done it before and nor am I a market maker, but you get the jist.
Nobody knows that by the way. Just letting you know. I found that out by pure chance, and maybe by the grace of god.
$ROKU Going to $300.With older ROKU devices not being compatible with netflix this week--chances are users of the older legacy devices and smart TVs purchased newer ROKU devices Black Friday/ Cyber Monday.
Technically the stock looks ripe to lift off to All Time Highs.
$300 Values the stock at $30B market cap which is far less than any other streaming business in it's tier. The company is growing rapidly and can be 'The' streaming platform that offers all subscriptions under one payment for a discount.
Also, the smart TV can serve ads much more accurately than any other conventional cable network. NASDAQ:ROKU
AMRN - Getting That Heart PumpingAmarin had a gap down on July 18th that created an Island Reversal pattern. The stock saw another gap down on August 9th. AMRN has pulled back a couple of times after filling the gap creating a double-bottom & a base for the stock. Once again the stock price is testing the top of this fill level but with stochastics reading overbought I would expect another pullback. However, there is a bit of a bullish divergence in price to RSI noted on the chart.
If we can see the next pullback be shallow, falling to around $15.50 - $16 before the next bullish move then I would be looking for an eventual breakout with prices rising to $20. There is another gap above that could lead to $21 in the future.
Three Percent Trade Idea: Go Long AMRNHere is a great opportunity to pick up AMRN .
At Three Percent Trades we have a price target of $27.00 / share, which is a potential upside of 68.22%.
We use a combination of fundamentals & technical analysis to trade high probability set-ups, and believe this is a great opportunity to take advantage.
AMRN consolidating setupAMRN’s innovation outlook is neutral based on a current score of 42 out of 99, underperforming sector average. Insiders sentiment is negative. Over the past 4 quarters AMRN beat earnings estimates 3 times.
For more analysis and articles visit our website.
Great buy opportunity with AMRN possible 40% returnAMRN has a consistent horizontal trend between price points $13 and $22. Currently valued at $16.31, AMRN has a great risk/reward opportunity with a possible return of over 40% in the next couple weeks.
AMRN buyer and seller get readyAMRN price touched weekly strong support level and also has possibility go to short. wait for abc pattern for long and wait for breakout for short. I also watching this one .
AMRN just ends retracementAMRN long setup with trend line. possibly buy and wait for confirmation. I also watching this one
