Trade Ideas for Wednesday, August 05 $ABEO $KNDI $SOHU $AVP $LB $FBR
Abeona Therapeutics Inc.
ABEO---> Back to my Blog after yesterday it has made a strong trade session again, approaching of its 200EMA! The Momentum is strong and a break of this Resistance area with decent volume will open the door for a Big Short Squeeze!! Long idea over $7.11
Kandi Technologies Corp.
KNDI ---> It is a Potential Bounce Player!! In last trade session, it shows some relative strength and we can see Buy Signals given by its Bullish MACD and Fast Stochastic Crossovers! I´ll be watching for a break above its 20EMA!! With 21.34% of short float and decent volume, it can make a strong Upside Run!! Stay tuned
SOHU ---> Mentioned here in my Blog last Weekend, it made the upside movement that i was waiting for, which was the break above its 20EMA! Now, the Gap is about to be Filled and the room to climb is very nicely!! Long Idea over $49.93
Avon Products, Inc.
AVP ----> I´ll be watching for continuation!! It is working very well, and a test to its 50EMA could happen already today!! The upside potential is growing day after day!! Keep Following
L Brands, Inc.
LB ---> I´ll be watching for a upside movement toward it 50EMA! It is gaining Momentum as we can see in some technical indicators, such as its Bullish MACD Crossover, its Fast Stochastic indicator, which became Bullish Crossover, making a strong move, Accumulation is rising again, and its RSI is coming back to its Buying Area!! Long Idea over $83.29
Fibria Celulose SA
FBR ---> I´ll be watching today for a break above its Upper Bollinger Band Line and above of its Down Trendline!! If do that with high volume again, it will stay well positioned to move higher!! Nice Bullish Chart!! Worth watching
All charts posted here are merely tools to study based on major technical indicators!! It is up to the reader to decide whether the stocks mentioned above are appropriate for your strategy! I warn that the good performance of a stock not depends only the technical data and I can not responsible for any trade that goes wrong!! Follow me on Twitter and Stocktwits, during the day I post some good ideas of trade