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SFMI as the price is re-testing support just above $0.125. The last time the price traded at this level, it climbed to a high of $0.18. The price could trade around support for a few days but as volume rises, so should the price.
MFGD has not moved as we expected. People jumped on this trade when the price broke $0.05. On Friday, it opened at a high of $0.055 and investors had an opportunity to take some profits before the price dropped to a session low of $0.039. Volume remains relatively low so the price could recover from this but people will just watch in the near-term.
BLOKB has not been able to break resistance at $0.10 yet so people will just continue to wait for the price action to create a buy signal. As people pointed out, the stock has been bouncing in a well defined channel, with support at $0.075 and resistance at $0.10. If the price can break above resistance with high volume people should see some quick gains.
WAMUQ continues to hover around $0.17 and this lead us to another profitable trading opportunity. On Friday, the price hit a high of $0.174 with over 3 million shares traded during the session. A strong open Monday morning should be considered a good buy opportunity. The stock has been holding good support at $0.16.
CASB is a good example of why people want to wait for a clear signal before people jump on a trade. People wanted to see a clear break of $0.50 and although that might happen, people need to wait a little longer. On Friday, CASB opened at $0.50 and managed to rally to a high of $0.525 but the bears took full control and drove the price to test support at $0.40. The sell-off was made on relatively high volume, so people could see more selling pressure in the near-term.
Friday was an interesting day for KATX. People have been watching this stock since it broke above $0.15 on Aug. 4 and people think the price has enough momentum to move higher in the near-term. On Friday, KATX hit a low of $0.142 but investors were quick to jump back into the market and the price closed at its high of $0.165.
LBSR is holding on to some of its recent gains but people think that the price will struggle to move higher in the near-term. The stock is able to generate good volume but that is not having any major impact on its momentum. The price is hitting some good resistance at $0.028 but if this does eventually break then people could see some significant gains.
ABTG gapped higher Friday morning, opening at $0.094. However, investors used that as an opportunity to take some of their profits. Although the price ended in negative territory at $0.089, which was its previous opening price, people remain optimistic in the near-term. The sell-off was accompanied with relatively low volume. If volume picks up, people should see another move back towards $0.1025.
CASB is an interesting stock because it’s performing exactly the way people wanted it to, but for one small detail. It has not generated the volume people required. People told members that people wanted to see the price break $0.50 with about 300,000 shares traded. The price broke on Thursday but there were only 178,000 shares traded during the session. This is why the stock was unable to hold any of its gains after reaching a high of $0.53.
Thursday morning people added MFGD to the watch-list, saying that it could be a good bounce play. The price action generated good volume but the stock closed at its session high of $0.053. If volume continues to expand people should see a significant rally very soon.
FBP is drawing our interest. In early-July the price made some decent gains, rallying from a low at $0.39 to a high of $0.92. However, the price has consolidated in a narrow range, with support at $0.50 and resistance at $0.60. FBP is starting to attract some buyers as the price closed in positive territory at $0.56. People are just watching the price action and waiting for it to break above resistance on strong volume to trigger a trade alert.
BLOKB is starting to heat up as the price hit a high of $0.10 on Thursday. Looking at the chart, people can see that the stock has tested this price three times in the last month. Once again, this price created a strong sell signal as BLOKB ended the day in negative territory at $0.09. This is why people want to wait for a clear signal, which is a break above $0.10 on good volume. If the price does break, people would expect to see some big gains very quickly.
PARD is basically an even trade for us as people recommended investors buy around $0.62. On Wednesday the price opened at a high of $0.67, which some investors used as an opportunity to take profits. There was some more selling pressure on Thursday as the stock hit a low of $0.63.
Investors are taking their recent profits in WOLV, and people don’t think the stock has enough momentum to move higher any time soon. Volume was low on Thursday as the price dropped to a low of $0.11 and this is an indication that prices should continue to fall in the next few sessions.
ABTG is a new stock on our watch-list and from the price action on Thursday; it looks like its consolidation period is coming to an end. There was some important follow-through buying on Thursday morning as the price opened at $0.089, rallied to a high of $0.095 and then settled at $0.091. People are expecting to see another positive open this morning and a break above $0.095. If the price moves above this resistance area, people should see some decent gains fairly quickly.
LBSR the price broke above $0.025 and rallied to a high of $0.028. On Thursday, the price opened at $0.028 and despite some modest profit-taking, it held on to some of those gains and closed at $0.0262. This negative close is a signal that the price might not have enough momentum to reach its recent high of $0.0338. People recommended buying at $0.022 and Thursday’s opening price represents a gain of 27%.
ABK did drop below that price, investors quickly jumped on the stock and on Wednesday, it closed at its session high of $0.91. That momentum continued on Thursday when ABK rallied to a session high of $0.975. That is a gain of 21.9% in just 24 hours.
Earlier in the week we told investors to watch the $0.80 area in ABK as a move above that price would lead to some strong buying. On Wednesday the price quickly recovered from a previous sell-off and after opening at $0.78 investors jumped on this stock. The price broke through resistance at $0.80 and shot to a high of $0.87 before sellers unsuccessfully tried to step in. ABK ended up closing at its high of $0.91. That is a gain of 13.7%. With more than 20 million shares traded during the session, people are expecting to see another strong open today.
MFGD to our watch-list today as it looks like another good bounce play. People have had some decent success on bounce plays lately. On Tuesday MFGD opened at $0.044 and closed at $0.05. People saw some follow through on Wednesday as the price rallied to a high of $0.055. However MFGD could not hold those gains and fell back to its opening price. If this stock can hold on to some of its intra-day gains, traders could see some quick profits soon. A break of $0.06 would be considered very bullish.
People are holding on to some decent gains in WOLV but would like to see some movement today. If people don’t see more buying then people would be ready to step away from this trade. The price built some good momentum Monday and Tuesday but that came to a halt on Wednesday as the stock traded around $0.12 all day. If volume improves today, people would expect the price to at least re-test $0.14.
CASB continues to build momentum and if it continues, people expect to see a break of $0.50 very shortly. On Wednesday the stock rallied to a high of $0.47 and held on to most of those gains. People definitely like the recent volume for CASB and now people just need to see a break of $0.50. As people pointed out earlier, there is some minor resistance at $0.60 but if this movement continues, people would expect to see a drive towards $0.70.
KATX is an exciting trade for us. People told investors to watch the $0.15 area, which broke Tuesday afternoon as the stock closed at a high of $0.152. KATX was relatively quiet on Wednesday morning but as volume picked up, so did the price. By the early afternoon, it hit a high of $0.179. That is a gain of 19% in just one day. People are expecting to see another positive move as the price tests resistance at $0.19.
People continue to see profits in PARD but the trade is not shaping up the way people expected. On Wednesday the price gapped higher again and opened at $0.67 then eventually closed at its low of $0.64. Because of the weak price action and low volume, people don’t think the stock has much momentum left. Investors will probably end up taking their meagre profits and walking away from PARD.
BLOKB the recent price action looks promising. It appears to be bouncing between support at $0.075 and resistance at $0.10. On Wednesday, the price bounced off that level and reached a high of $0.0969. People would like to see some follow through buying, which would lead to a break above $0.10.
Investors also had the chance to load up on LBSR when it was trading at a low of $0.019. It traded almost 5.8 million shares on Wednesday and people are expecting to see some follow through this morning.
WAMUQ tested resistance at $0.17 for the fourth straight session. On Tuesday the price broke above and reached a session high of $0.175. However the stock could not hold its gains and closed at its resistance point. People are starting to see momentum build so it appears that it’s only a matter of time before this price breaks. On the downside, there seems to be strong support at $0.16, which should cap any sell-off in the short-term.
ABK was not able to hold support at $0.80. Last week this stock made some decent gains for us when the price hit a high of $1.05. However since then, the price has been under strong selling pressure. People wanted to see if $0.80 would hold support and trigger a trade for us. But now there is a risk that the price will hit $0.70 before people see buyers come back into the market.
KRY broke through support at $0.425 and there is now an increased risk that the price will continue to fall. People will continue to watch this stock, despite the recent negative price action. The sell-off was accompanied with low volume so if this improves, these losses could be retraced relatively easily and quickly. People would need to see a break of $0.45 on strong volume before people recommend a trade.
People did not receive a buy signal in EUGS on Tuesday and are now debating on whether or not to keep this stock on our watch-list. On Monday it showed a lot of potential but people didn’t see a lot of follow through in Tuesday’s session. The price broke through resistance at $0.18 but the drive was made on low volume. Sometimes it’s better to just walk away instead of falling into a bull trap.
CASB looks like a stock with some potential for higher prices in the near-term. It made some decent gains on Tuesday and reached a high of $0.469. People would like to see the price move above $0.50 with at least 300,000 shares traded during the session before people jump on this trade. A break above $0.50 on strong activity could lead to a test of resistance at $0.70 and even a drive back to $1.00.
There was some minor follow through buying in KATX yesterday as the price gapped higher and opened at $0.144. By the afternoon the price broke through resistance at $0.15 and closed at a high of $0.152. Although volume was not massive it was still relatively strong so this price action should help to attract new investors. People are expecting to see a strong open this morning. There is some minor resistance at $0.16 but as volume improves people are expecting this stock to reach $0.19.
LBSR continues to trade in a relatively tight range but people remain optimistic that prices will move higher in the near-term. The stock is finding good support at $0.02 and during the session, it hit a high of $0.0239. If volume remains high, people would expect the price to move above $0.025 in the near-term.
WOLV was able to add some new gains on Tuesday. The price gapped up at the open and quickly rallied to a high of $0.14. That is a gain of 40% in just two days. Some selling pressure in the afternoon caused the price to drop to a low of $0.11. However buyers jumped back into the marketplace and drove it to a high of $0.125. People are expecting to see some positive follow through in today’s session.
PARD helped extend our winning streak with modest gains on Tuesday. The stock gapped higher at the bell and opened at $0.66. Although the price closed modestly lower, people are still expecting to see more gains in the near-term. The sell-off on Tuesday was made on low volume so if when it starts to pick up, people should see higher prices.
GHDC turned out to be an even trade for us. It made some decent gains on Friday but there was no follow through. The price opened modestly lower at $0.042 and was unable to break above Friday’s closing price of $0.043. As volume increased, so did the selling pressure and the price ended up closing at $0.036. Monday’s price action highlights further weakness in the near-term so people are expecting the price to eventually test support at $0.03.
ALTI is another stock people are watching that remains range bound. The price is holding good support at $0.35. On Monday the stock opened at that price and rallied to a high of $0.379. Hopefully yesterday’s price action can generate some follow through buying today. People are waiting for the price to break $0.40 on strong volume before people jump on this trade.
COIN broke below support at $0.60 on Monday and closed at $0.59, increasing the risk of another drop in the near-term. Last week people were watching to see if it could break resistance at $0.65. Although the price action looks bearish in the near-term, people will continue to watch COIN and see if there is another trade opportunity.
EUGS popped up on our radar Monday morning when the price hit a new five-day high at $0.179. Volume is good so this stock might have enough momentum to break resistance at $0.18. The price is forming a strong ascending triangle and people could see it consolidate for a little bit longer but people are expecting to see a breakout soon.
KRY is a stock people have watched for a while, waiting for the price to break above its current trading channel. In the last six sessions, the price has been unable to break above resistance at $0.50. However the longer the price tests this boundary, the more likely it is to break above it. Volume remains relatively low, which is probably why people have not seen a lot of price movement lately. A break of $0.50, which is also KRY’s 50-day moving average, would create a very strong bullish signal.
KATX is another stock people are watching which shows great potential for quick profits. Last week the price found support around $0.12. On Monday, the stock hit a five-day high at $0.145. If volume improves people would expect to see a break of minor resistance at $0.15 and a drive towards short-term resistance at $0.19.