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$CHSN Short signal (my trading dairy)I will short trade NASDAQ:CHSN today if it started to rise after open, here is my reason: 1. Market maker sold out: the price reached the resistance level from previous high with high volumes, which means half shares of the market cap has already sold. personally, i think those sold shares belong to the market maker. 2.Negative news: SEC has ordered a suspension of trading in the company's securities on Oct 9, 2024 due to price manipulation activities. 3.Huge remained short volume Compared to the volume and daily short volume of Oct 4th, Oct 7th, and Oct 22th, we could discover there is huge remained short volume. Therefore I will short trade it tonight if it follow my expectation.
NASDAQ:CHSNShort
by xugina78
WKHS is setting up for a short ( again) OR could it reverse ?WKHS is a mong the weakest of the EV stocks. On the 15 minute chart it has been trending down in a descending channel. There has been substantial volume on the bearish only volume profile albeit at higher prices. A small spike of selling volume while price is near to the upper ( resistance) trend line of the channel tells me that WKHS may move lower. Most of the time, it is difficult to short a penny stock below $1.00 depending on the broker. The selling volume tells me there are short trades underway. My idea however is to look for a reversal so long and watch for a short squeeze to add into the rising price with more position. Probably will not happen but it goes onto the watch list.
NASDAQ:WKHS
by AwesomeAvani
2
Why LAIX Stock Price Increased Over 100% in Pre-MarketWhy LAIX Stock Price Increased Over 100% in Pre-Market LAIX is an AI company that provides online English learning products and services in China. Since the company has not announced any news directly and there are no SEC reports to trigger a stock price increase, it appears there was a coordinated move on social media to drive the price up, similar to the reason why ATA Creativity Global went up more than 936% yesterday. I am seeing references to LAIX in stock trading groups on Facebook, Discord chat rooms, stock trading subreddits, Twitter hashtags, and YouTube channels before the market open. Many of these posts mentioned the advantages of the high volume and relatively low float of the stock. I noticed a user on StockTwits point out that the short percentage yesterday was 85% and there were no available shares to short on WeBull. “If you’re short on this ticker may I suggest you cover now before it gets out of control,” warned the user. Since the business model appears to be similar to ATA Creativity Global, it also appears that there is a sympathy play in effect as well. And since the company shares have a relatively small float and there is a high squeeze probability, day traders are also jumping on LAIX. pulse2.com
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by AlenCiken
This ACRX Penny Stock Could Surge Over 300%, Say AnalystsThis ACRX Penny Stock Could Surge Over 300%, Say Analysts AcelRx is a pharmaceutical company dedicated to the creation of safer treatments for acute pain, developing synthetic opioid drugs for sublingual (under the tongue) dosing. The company’s main product, Sufentanil, was approved by the FDA under the name Dsuvia in 2018, and by the EU as Dzuveo that same year. A second sublingual Sufentanil system, under the name Zalviso, has also been approved for use by the EU, and is in Phase 3 trial in the US. In its most recent earning report, the company showed $1.4 million at the top line, driven by $1.3 million in product sales. The sales figure was up 433% sequentially, and the total revenue figure was up 133% year-over-year. Cantor analyst Brandon Folkes is upbeat on Dsuvia’s prospects as an alternative to current opioid treatments, and he believes that potential will boost the company’s stock. As ACRX launches a true alternative to IV opioids, we expect investors to begin to appreciate the value of the product. In line with his bullish stance, Folkes rates ACRX a Buy, and his $9 price target implies room for a stunning 552% upside potential in the next 12 months. finance.yahoo.com
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by AlenCiken
👍 Tight Range, Breakout Play. (AP)💵 This one will be an easy breakout play as we compress in a tight sideways range. Obviously you would want to play the breakout above 3.33 - 3.40 for potential of a 30% move. Daily Timeframe Crossover Strategy: Greed Crossover The EMA Dots: 3/3 Green Support Level: 3.02 Resistance Level: 3.40 We currently sit at the 3.33, remember 3.40 breakout. 3 day is a train of dojis lined up. Expecting a big move once range is broken. If break below support it should melt. Have an awesome day! ✌ 🥇MLT | MAJOR LEAGUE TRADER
NYSE:AP
by UnknownUnicorn2319099
2
Gulf Marine Services - penny Rocket 🚀 or penny Plummet 📉At glance you might think GMS price chart suggest their in big trouble but is there light at the end of the tunnel? Last year GMS revenue fell by 12% and their actual loss for the year totalled $85.5 million, 2019 was evidently a difficult year for them however chairman Tim Summers stated that "agreement has been reached with lenders on the key terms of restructuring our bank debt which will give GMS renewed access to liquidity and a firm financial platform to move the business forward through 2020 and beyond” Last month GMS was awarded a six month renewable energy contract to provided support as an unnamed UK offshore renewable operator. And with Summers stating that " the company's financial performance to the end of March 2020 is slightly better than its 2020 business plan." buyers can start to have a bit more confidence. At the end of last month Seafox applied for a takeover deal of GMS but was rejected with GMS claiming 'it has strengthened its board and secured new business' however I wouldn't write-off a future takeover. Past price action has also shown a definite correlation between the companies stock price and the value of a barrel of oil. With that being said oil prices are currently on the up 📈 and as a result I expect CMS's share price to do the same. Scenario 1 : The price could fall back to support after recently gaining 745% (29/04 - 04/06) and then bounce upwards from around the 6.85 level. Scenario 2 : The price could just continue to rise in the same expectation that oil prices will Scenario 3 : Buyer confidence could be reduced with worrying loss figures coupled with takeover doubts and the price could just continue the long term trend of further depreciation. This is purely an idea please ensure you conduct your own analysis and ensure risk management is in place before conducting any market execution.
LSE:GMS
by Market-Magician
IAmGoldCorp Testing Breakout. (IAG)Based off our history we have a nice wedge pattern being developed on the 2 week. Our main Resistance is 3.88 - 4$ Break that and we should move north out of Resistance. No telling how high it would want to go. We do have have a potential higher low on the bottoms. If we broke out I think we would see a nice size push. Could be developing one massive cup and this could be the push for the right side of it. When scrolling penny stocks we look for these major zones of Resistance and support. Preferably wedges. Now if it got reject here I think it will turn into a big mess and the bears could win big. 2 nice opportunities approaching for this one.
NYSE:IAG
by UnknownUnicorn2319099