Tuesday, June 23, 2020

Trade Plan for Wednesday, June 24 CODX TMBR SONN GLBS GNUS NOVN NNVC

CO-Diagnostics, Inc.
CODX---> This company introduce us a very nice chart! Price made a very solid action on Tuesday, with shares rising more than 13% on strong volume and buying pressure, breaking up it´s 20 moving average and the base formed on top of it, going to close near of high of the day!! Setup seems now ready to rip higher!! The trade plan for this one is, a buy between 16.82 and 19.37, to try the break above 19.84! If successful, CODX can squeeze easily 27.00, which will be the initial target! Usually, i recommend a stop loss between +/- 5% after buy price! In that case, i suggest stop loss if break bellow the trend line support!!



Timber Pharmaceuticals, Inc.
TMBR ---> Is trading at Bottom Level and on oversold land with MACD crossover triggering a solid buy signal!! Bounce could coming soon and this could be a great buy opportunity! The trade plan is a buy at current level for upside movement toward its 20 moving average, our first target! Stop loss i suggest 2.14!!



Sonnet Bio Therapeutics Holding, Inc.
SONN ---> This low floater and bottom player is preparing to breakout! A break above 4.05 could lead the price for an easy 13% upside movement till it´s 50 moving average! For stop loss i suggest 2.61!


Globus Maritime Ltd.
GLBS ---> I have been alerting this one since last week, when it touched the 0.34 level! Is basing, is getting strong, and is taking a deep breath before the big Gap Squeeze! Targets 0.50 and 0.60!! Stop loss i suggest 0.36


Genius Brands International, Inc.
GNUS ---> Alerted yesterday here, on private twitter when it only printing 2.70, just on the beginning!! Then, price climbed well, under strong volume, going to close near of high of the day!! Is well positioned to test it´s 20 moving average, our first target, with possible break on radar! If you don´t jumped in yesterday, 3.20 is the buy price! As always, i suggest a stop loss +/-5% after buy price!!



Novan, Inc.
NOVN ---> Alerted this one too on Private Twitter when news came out, " Canadian patent granted " and price jumped till 0.63 on heavy volume, closing at 0.60 on After Hour!! If you don´t got in yesterday, 0.64 is the entry level for 0.75! Stop loss at +/- 5% after buy price! Attention to Pré-Market, could open earlier


NanoViricides, Inc.
NNVC ---> Is trying to breakout! Volume was good as well the technical indicators on chart, providing buy signals! Go long over 7.95 for 10.00 and 10.50!! Stop loss i suggest +/-5% after buy price!



Disclaimer

Here's a friendly reminder: all charts shared here are powerful tools based on major technical indicators. However, it's crucial to remember that stock suitability depends on your individual strategy. 🛠️ I must emphasize that good stock performance isn't solely determined by technical data. 💡 As always, trade cautiously, and I cannot be held responsible for any trade outcomes. Remember, I'm not a financial advisor.