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$BTCUSD Fantastic trading opportunities. Technically BULLISH
OMG what a lovely 24 hours of trading, as predicted we had a perfect break from the ADCDE correction on extreme volume , resulting in +13% move. Currently the price has stalled and the .236 FIB is acting as strong support.
The crypto community is extremely bullish at the moment, with $10000 targets on grapevine, if you are long it would be prudent to set stop losses at the $8200-$8300 which coincides with support and the .618 fib area, this really is a vital level to hold so as to ensure continuation in a bullish fashion. This is maybe not a area to adding to longs, but possibly if the lower support is testes and holds.
Happy and safe trading.
$BTCUSD Fantastic trading opportunities. Technically BULLISH
OMG what a lovely 24 hours of trading, as predicted we had a perfect break from the ADCDE correction on extreme volume , resulting in +13% move. Currently the price has stalled and the .236 FIB is acting as strong support.
The crypto community is extremely bullish at the moment, with $10000 targets on grapevine, if you are long it would be prudent to set stop losses at the $8200-$8300 which coincides with support and the .618 fib area, this really is a vital level to hold so as to ensure continuation in a bullish fashion. This is maybe not a area to adding to longs, but possibly if the lower support is testes and holds.
Happy and safe trading.
$AMRN Options activity coincides with FDA meeting on 31st May
Highly unusual options activity was spotted in the stock of NASDAQ:AMRN on fridays which in turn coincides with a upcoming FDA hearing scheduled for friday the 31st may. The FDA is holding a public hearing on May 31 to discuss potential regulation for cannabis products.
The chart of amrn is also setting bullish pre the event, as buyers have returned after the post earnings profit taking. This really does look like a great trade with a good RR.
$AMRN Options activity coincides with FDA meeting on 31st May
Highly unusual options activity was spotted in the stock of NASDAQ:AMRN on fridays which in turn coincides with a upcoming FDA hearing scheduled for friday the 31st may. The FDA is holding a public hearing on May 31 to discuss potential regulation for cannabis products.
The chart of amrn is also setting bullish pre the event, as buyers have returned after the post earnings profit taking. This really does look like a great trade with a good RR.
$AMRN Options activity coincides with FDA meeting on 31st May
Highly unusual options activity was spotted in the stock of NASDAQ:AMRN on fridays which in turn coincides with a upcoming FDA hearing scheduled for friday the 31st may. The FDA is holding a public hearing on May 31 to discuss potential regulation for cannabis products.
The chart of amrn is also setting bullish pre the event, as buyers have returned after the post earnings profit taking. This really does look like a great trade with a good RR.
$XRF On strong watch after Fridays volume spike.
It is certainly very difficult to see the silver lining and the cause for the spike on Fridays trading, it has seemingly been one negative after another for XRF in recent months with regulatory issues intensifying and the inability to
file its annual accounts on time, leaving the company in breach of listing compliance with the NYSE. Is there something positive on the cards that resulted in the buying pressure on Friday or is it just a dead cat bounce from extreme oversold conditions. Keep on watch for break above $.43 for good RR long entry.
$XRF On strong watch after Fridays volume spike.
It is certainly very difficult to see the silver lining and the cause for the spike on Fridays trading, it has seemingly been one negative after another for XRF in recent months with regulatory issues intensifying and the inability to
file its annual accounts on time, leaving the company in breach of listing compliance with the NYSE. Is there something positive on the cards that resulted in the buying pressure on Friday or is it just a dead cat bounce from extreme oversold conditions. Keep on watch for break above $.43 for good RR long entry.
$ BCHUSD Who's going to throw the first punch?
The sideways pattern may be coming to a end very soon, the crypto markets are a coiled spring at the moment with a great deal of tension. The Daily and Weekly close look like the time for the big moves as all indicators are tightening and the BB,s are pinching extremely tight. The volume is declining which adds to the tension as bulls and bears wait to see who throws the first punch. Our bias remains long given the pennant formation and the completion of the 5th wave, but fearful of they bears going all out
$ BCHUSD Who's going to throw the first punch?
The sideways pattern may be coming to a end very soon, the crypto markets are a coiled spring at the moment with a great deal of tension. The Daily and Weekly close look like the time for the big moves as all indicators are tightening and the BB,s are pinching extremely tight. The volume is declining which adds to the tension as bulls and bears wait to see who throws the first punch. Our bias remains long given the pennant formation and the completion of the 5th wave, but fearful of they bears going all out
$LTCUSD LITCOIN CONTINUES TO BE THE LEADER OF THE PAC
During the past week there has been a lot of sideways action, which we believe is extremely healthy for LTC, as it has now completed a C&H formation while backtesting resistance of the long term trend line (blue) which shows real strength. We have alerts set for a break above $105 which continues to hold as resistance, before a move to $110 and $130 but resistance is extremely heavy above $110 so we don't see it as a sudden move to the higher levels. Stay safe with stop losses if your are long , this is crypto after all
$LTCUSD LITCOIN CONTINUES TO BE THE LEADER OF THE PAC
During the past week there has been a lot of sideways action, which we believe is extremely healthy for LTC, as it has now completed a C&H formation while backtesting resistance of the long term trend line (blue) which shows real strength. We have alerts set for a break above $105 which continues to hold as resistance, before a move to $110 and $130 but resistance is extremely heavy above $110 so we don't see it as a sudden move to the higher levels. Stay safe with stop losses if your are long , this is crypto after all
$BIOC Keep on watchlist, could be very volatile $$$%%%
Shares of Biocept Inc . BIOC , 86% on very heavy volume Monday, after the provider of liquid biopsy tests announced the commercial launch of Target Selector NGS Lung Panel, the liquid biopsy panel developed for lung cancer. Trading volume spiked to 60.9 million shares, compared with the full-day average of about 733,000 shares. the company said in a statement. The stock was still down 73% over the past 12 months, so don't be concerned if you missed the initial rally, as it gave most of it back in the days that followed.
We will have a strong watch on this as the stock has held good support so we hope for renewed positive price action
$BIOC Keep on watchlist, could be very volatile $$$%%%
Shares of Biocept Inc . BIOC , 86% on very heavy volume Monday, after the provider of liquid biopsy tests announced the commercial launch of Target Selector NGS Lung Panel, the liquid biopsy panel developed for lung cancer. Trading volume spiked to 60.9 million shares, compared with the full-day average of about 733,000 shares. the company said in a statement. The stock was still down 73% over the past 12 months, so don't be concerned if you missed the initial rally, as it gave most of it back in the days that followed.
We will have a strong watch on this as the stock has held good support so we hope for renewed positive price action
$PNC Correction may not be complete, downside risks.
On the weekly chart there is mixed signal from the indicators, they Momentum an Stock are showing some weakness but the RSI and MACD are still positive. Volume must be higher to maintain the rally of the lows which seems to be struggle as the market is down for 5 consecutive weeks. The pivotal point is $138 if that holds as resistance selling could intensify quickly as a possible c wave begins to complete the ABC correction.
Now from a fundamentals perspective the stock is cheap at a12.2 p/e ratio and Mr Buffett increasing NYSE:BRK.B stake by 2 million shares to a total of 6.9 million is quite a vote of confidence, if Mr Buffett is continuing to buy we don't think he will do so at a premium so may wait for another pullback.
$PNC Correction may not be complete, downside risks.
On the weekly chart there is mixed signal from the indicators, they Momentum an Stock are showing some weakness but the RSI and MACD are still positive. Volume must be higher to maintain the rally of the lows which seems to be struggle as the market is down for 5 consecutive weeks. The pivotal point is $138 if that holds as resistance selling could intensify quickly as a possible c wave begins to complete the ABC correction.
Now from a fundamentals perspective the stock is cheap at a12.2 p/e ratio and Mr Buffett increasing NYSE:BRK.B stake by 2 million shares to a total of 6.9 million is quite a vote of confidence, if Mr Buffett is continuing to buy we don't think he will do so at a premium so may wait for another pullback.
$achc Very important week ahead for Acadia Healthcare
This week is all about looking into the future for NASDAQ:ACHC investors as on thursday, the company will host a conference call to update investors on the companies strategy and future.
In the most recent earnings it was not a blowout but just about in line with expectations. The company referred to continued growth and expansion so investors will be keen to know where,when and how much?
It could be a volatile week for the stock. A positive break above the 200ma could result in a substantial rally given the fact there is such a high short interest in the stock.
Short Interest 17%
Analysts average Estimate $36.94
Analysts Recommendation Overweight
$achc Very important week ahead for Acadia Healthcare
This week is all about looking into the future for NASDAQ:ACHC investors as on thursday, the company will host a conference call to update investors on the companies strategy and future.
In the most recent earnings it was not a blowout but just about in line with expectations. The company referred to continued growth and expansion so investors will be keen to know where,when and how much?
It could be a volatile week for the stock. A positive break above the 200ma could result in a substantial rally given the fact there is such a high short interest in the stock.
Short Interest 17%
Analysts average Estimate $36.94
Analysts Recommendation Overweight
$OPRA Very Bullish pattern establishing in Opera ltd
From a charting perspective NASDAQ:OPRA is starting to look very attractive.
After a initial IPO sell off the stock has formed a base and is now stepping its way back up on good volume .
RSI , MACD , and the OBV are very positive.
Price has bullishly broken the cloud resistance.
Please also take into account the earnings release from May22nd, below is a transcript of the CEO comments within the call in which he outlines the BEAT and also RAISES guidance
"Let me now get into the quarter and guidance and then we will open it up for questions. Opera had a record revenue quarter reaching $51.3 million, up 30% versus the year ago quarter. Search revenue represented 40% of the total or $20.6 million, up 2% year-over-year or up 5% on a constant currency basis. As communicated over the past year, while we expect Search to continue to grow, we expect it to become the smaller share of our revenue over time. Search is already a pretty well optimized revenue source for us with the revenue as a function of our search partners monetization as well as our own browser user base footprint.
Advertising revenue was 29% of the total or $14.1 million, up 10% year-over-year. This growth was driven by increased user numbers as we have been prioritizing user growth over monetization."
Fin-tech revenue, which is a new revenue category, represented 13% of total revenue or $6.5 million. This scaled significantly from the fourth quarter when we acquired OKash and we expect it to be a growing percentage of revenue going forward. Retail revenue represented 13% of total or $6.8 million, in other words, quite stable versus last quarter.
With that said, we are raising our expectation for 2019 revenue. Our increased range is $230 million to $240 million representing year-over-year growth of 34% to 39%. This compares to our prior range of $220 million to $230 million, and for now reflects moderate increases in monetization, limited gains from browser product initiatives, and finally some contribution from taking micro lending to new markets. We are also guiding for adjusted EBITDA between $30 million to $45 million for the year."
$OPRA Very Bullish pattern establishing in Opera ltd
From a charting perspective NASDAQ:OPRA is starting to look very attractive.
After a initial IPO sell off the stock has formed a base and is now stepping its way back up on good volume .
RSI , MACD , and the OBV are very positive.
Price has bullishly broken the cloud resistance.
Please also take into account the earnings release from May22nd, below is a transcript of the CEO comments within the call in which he outlines the BEAT and also RAISES guidance
"Let me now get into the quarter and guidance and then we will open it up for questions. Opera had a record revenue quarter reaching $51.3 million, up 30% versus the year ago quarter. Search revenue represented 40% of the total or $20.6 million, up 2% year-over-year or up 5% on a constant currency basis. As communicated over the past year, while we expect Search to continue to grow, we expect it to become the smaller share of our revenue over time. Search is already a pretty well optimized revenue source for us with the revenue as a function of our search partners monetization as well as our own browser user base footprint.
Advertising revenue was 29% of the total or $14.1 million, up 10% year-over-year. This growth was driven by increased user numbers as we have been prioritizing user growth over monetization."
Fin-tech revenue, which is a new revenue category, represented 13% of total revenue or $6.5 million. This scaled significantly from the fourth quarter when we acquired OKash and we expect it to be a growing percentage of revenue going forward. Retail revenue represented 13% of total or $6.8 million, in other words, quite stable versus last quarter.
With that said, we are raising our expectation for 2019 revenue. Our increased range is $230 million to $240 million representing year-over-year growth of 34% to 39%. This compares to our prior range of $220 million to $230 million, and for now reflects moderate increases in monetization, limited gains from browser product initiatives, and finally some contribution from taking micro lending to new markets. We are also guiding for adjusted EBITDA between $30 million to $45 million for the year."
$MOH NEED ONE GOOD PUSH FROM THE BULL
Next week NYSE:MOH host their investor day on Thursday 30/5 and it comes on the back of good earnings . Sentiment has certainly changed on the stock as we can see from the Volume profile which is a mass of green and increasing slightly on volume , which is very encouraging. The stock is at a critical point stuck between resistance and lower trendline while also they ma's have clustered just above, if the market holds up on Tuesday a good effort bu the bulls and a major break could be set up.
AVERAGE ANALYSTS PRICE TARGET $154.47
AVERAGE RECOMMENDATION OVERWEIGHT
$MOH NEED ONE GOOD PUSH FROM THE BULL
Next week NYSE:MOH host their investor day on Thursday 30/5 and it comes on the back of good earnings . Sentiment has certainly changed on the stock as we can see from the Volume profile which is a mass of green and increasing slightly on volume , which is very encouraging. The stock is at a critical point stuck between resistance and lower trendline while also they ma's have clustered just above, if the market holds up on Tuesday a good effort bu the bulls and a major break could be set up.
AVERAGE ANALYSTS PRICE TARGET $154.47
AVERAGE RECOMMENDATION OVERWEIGHT
$CARA HIGHLY UNUSUAL OPTIONS ACTIVITY. CANNABIS V OPIOID
Cara Therapeutics was flagged on friday due to the exceptionally high amount of options traded, over 340% above the average volume . NASDAQ:CARA disappointed investors with first quarter results with a higher loss than expected, but the company has $156 million in cash available to continue to develop new Cannabinoid drugs. Cara specialises in the development of pain relief drugs and their current project is seen as a means of replacing the highly addictive Opioids.
The stock is currently sitting on support while selling of in sympathy with the entire market, a bounce would present a good entry. To complete the EW count, $25 is a maximum wave 5 target in our opinion, while setting $22.50 as your initial target to bank profits.
ANALYSTS PRICE TARGET $26.02
ANALYSTS RECOMMENDATION BUY
SHORT INTEREST 17%
$CARA HIGHLY UNUSUAL OPTIONS ACTIVITY. CANNABIS V OPIOID
Cara Therapeutics was flagged on friday due to the exceptionally high amount of options traded, over 340% above the average volume . NASDAQ:CARA disappointed investors with first quarter results with a higher loss than expected, but the company has $156 million in cash available to continue to develop new Cannabinoid drugs. Cara specialises in the development of pain relief drugs and their current project is seen as a means of replacing the highly addictive Opioids.
The stock is currently sitting on support while selling of in sympathy with the entire market, a bounce would present a good entry. To complete the EW count, $25 is a maximum wave 5 target in our opinion, while setting $22.50 as your initial target to bank profits.
ANALYSTS PRICE TARGET $26.02
ANALYSTS RECOMMENDATION BUY
SHORT INTEREST 17%
$PANW CRUCIAL TO HOLD THE 200 MA. FOR PALO ALTO
********SO FAR THEY BULLS HAVE DEFENDED THE 200MA WHICH IS A REAL SELL SIGNAL IF BREACHED, BUT THE VOLUME IS NOT CONVINCING. WITHIN A WEAKER MARKET THESE BIG TIME WINNERS ARE QUICK TO SELL OFF AS LARGE PROFITS ARE STORED WITHIN. IT IS VERY IMPORTANT TO RESPECT THE TECHNICALS IN THIS CASE AS LARGE SELL ORDERS WILL BE STACKED UNDER THE 200MA AND TRADED BY ALGOS MUCH FASTER THAN WE CAN.
$PANW CRUCIAL TO HOLD THE 200 MA. FOR PALO ALTO
********SO FAR THEY BULLS HAVE DEFENDED THE 200MA WHICH IS A REAL SELL SIGNAL IF BREACHED, BUT THE VOLUME IS NOT CONVINCING. WITHIN A WEAKER MARKET THESE BIG TIME WINNERS ARE QUICK TO SELL OFF AS LARGE PROFITS ARE STORED WITHIN. IT IS VERY IMPORTANT TO RESPECT THE TECHNICALS IN THIS CASE AS LARGE SELL ORDERS WILL BE STACKED UNDER THE 200MA AND TRADED BY ALGOS MUCH FASTER THAN WE CAN.
BTCUSD PATIENCE REQUIRED FOR BREAK FROM ASCENDING TRIANGLE
********The formation is bullish but not a great place to be entering a trade, wise to wait for a break from the pattern up or down, have you sell or buy orders in place above and below and let in play out. We would hope for a bullish break up and past resistance but the volume is just to low in our opinion. The alts are getting heavier volume today so once that turns BTC should go the other direction hopefully.
BTCUSD PATIENCE REQUIRED FOR BREAK FROM ASCENDING TRIANGLE
********The formation is bullish but not a great place to be entering a trade, wise to wait for a break from the pattern up or down, have you sell or buy orders in place above and below and let in play out. We would hope for a bullish break up and past resistance but the volume is just to low in our opinion. The alts are getting heavier volume today so once that turns BTC should go the other direction hopefully.
BTCUSD PATIENCE REQUIRED FOR BREAK FROM ASCENDING TRIANGLE
********The formation is bullish but not a great place to be entering a trade, wise to wait for a break from the pattern up or down, have you sell or buy orders in place above and below and let in play out. We would hope for a bullish break up and past resistance but the volume is just to low in our opinion. The alts are getting heavier volume today so once that turns BTC should go the other direction hopefully.
$AMZN Piper Jaffray issue BULLISH TARGET, $3000 IN 2 YEARS
Michael Olson, senior research analyst at Piper Jaffray, released a note Friday morning in which he made the case for Amazon’s stock to reach $3,000 in the next few years, omg I wish it to be very true but $2000 is quite a hurdle to get to at the moment. Even though we hold the stock it is indeed a very optimistic to set such a high target.
$AMZN Piper Jaffray issue BULLISH TARGET, $3000 IN 2 YEARS
Michael Olson, senior research analyst at Piper Jaffray, released a note Friday morning in which he made the case for Amazon’s stock to reach $3,000 in the next few years, omg I wish it to be very true but $2000 is quite a hurdle to get to at the moment. Even though we hold the stock it is indeed a very optimistic to set such a high target.
$MAXR Bigger moves expected on NASA deal
On Thursday the 23rd May Nasa announced that Maxar Technologies had been selected by NASA for the first part of a renewed lunar gateway program.Maxar will work on the first segment (the power and propulsion element) of NASA's Gateway outpost. This has a huge monetary value and just the beginning of a multi billion dollar project. We would expect a greater rally in the stock as the news was broke on a very negative day in the markets yesterday, it is fair to assume that upgrades will also follow in the days to come.
Analysts average estimate Recommendation
Analysts average price target $10.47
$MAXR Bigger moves expected on NASA deal
On Thursday the 23rd May Nasa announced that Maxar Technologies had been selected by NASA for the first part of a renewed lunar gateway program.Maxar will work on the first segment (the power and propulsion element) of NASA's Gateway outpost. This has a huge monetary value and just the beginning of a multi billion dollar project. We would expect a greater rally in the stock as the news was broke on a very negative day in the markets yesterday, it is fair to assume that upgrades will also follow in the days to come.
Analysts average estimate Recommendation
Analysts average price target $10.47
$INTU AS LONG AS THERE ARE TAXES, INTUIT WILL THRIVE
Poor and unfortunate timing brought about the selling in NASDAQ:INTU Thursday. Post results the market has drove the stock higher in the after hours Wednesday, as the company beat on earnings and revenue and then raised full year guidance. This rally was short lived as the market had a horrendous day of selling on high volume . If the market stabilises we will look at a possible long entry into the stock.
$INTU AS LONG AS THERE ARE TAXES, INTUIT WILL THRIVE
Poor and unfortunate timing brought about the selling in NASDAQ:INTU Thursday. Post results the market has drove the stock higher in the after hours Wednesday, as the company beat on earnings and revenue and then raised full year guidance. This rally was short lived as the market had a horrendous day of selling on high volume . If the market stabilises we will look at a possible long entry into the stock.
$AAC Huge upside potential on Short Squeeze.
Today NYSE:AAC made a announcement that pleased investors very much, but despite this, the stock did not rally as it should have due to poor market conditions. The next few days we could get an almighty short squeeze as 28% of the short is sold short.
Average Analysts Target Price $4.50
Average Recommendation Overweight
$AAC Huge upside potential on Short Squeeze.
Today NYSE:AAC made a announcement that pleased investors very much, but despite this, the stock did not rally as it should have due to poor market conditions. The next few days we could get an almighty short squeeze as 28% of the short is sold short.
Average Analysts Target Price $4.50
Average Recommendation Overweight
$AAC Huge upside potential on Short Squeeze.
Today NYSE:AAC made a announcement that pleased investors very much, but despite this, the stock did not rally as it should have due to poor market conditions. The next few days we could get an almighty short squeeze as 28% of the short is sold short.
Average Analysts Target Price $4.50
Average Recommendation Overweight
$SUNW Correction is over, big moves ahead.
A terrible earnings report added to a weak position for the stock with a large selloff, since then the news flow has improved with the awarding of new contracts and positive commentary from the CEO regarding the strong business relationships that has been built and the prospect of future contracts.
The move today was subdued by the weak market sentiment, we expect much greater moves in the days to come.
$SUNW Correction is over, big moves ahead.
A terrible earnings report added to a weak position for the stock with a large selloff, since then the news flow has improved with the awarding of new contracts and positive commentary from the CEO regarding the strong business relationships that has been built and the prospect of future contracts.
The move today was subdued by the weak market sentiment, we expect much greater moves in the days to come.
$MYND Tomorrow could be a big day, after hours action again
On Thursday the company announced that certain investors have agreed to purchase approximately $2.8 million of the Company’s common stock in a registered direct offering. The stock had a run but the weakness in the market it sonon pulled back. When we get a good day in the market keep a watch on this stock for a monster move on high volume .
The Company entered into a securities purchase agreement with the investors pursuant to which the Company agreed to sell 2,776,491 shares of its common stock at a per share price of $1.02. The closing of the registered direct offering is expected to take place on or about May 28, 2019, subject to the satisfaction of customary closing conditions.
Average Analysts Price Target $4
Average recommendation Buy