Friday, June 19, 2020

Watchlist for Friday, June 19th TUFN COHU BXC NBR GLBS NNDM CDEV





Tufin Software Technologies LTD
TUFN ---> Dispisting some internal issues, this setup is proving us a nice technical breakout ahead! Indicators are on bullish side with high buy signals and a break above 11.10 could lead the price for a climb until it's 200 moving average. Targets are 12.50 and 13.50! Stop loss I suggest +/- 5% after buy price. 




Cohu, Inc.
Cohu, Inc. - - - >> Another solid chart with breakout ahead. MACD and RSI indicators are showing that price is well sustained and so, are triggering buy signal. Over 18.31, COHU could starting a new leg up.
Target 21 range, stop loss +/-5% after buy price. 





Bluelinx Holdings Inc.
BXC ---> This setup, which is about to break up it's trend line resistance, surged on scanner with high relative strength. A break above this area could boost this low floater for a big squeeze. The trade idea here is a buy at 9.38 for the break above 9.81 and target 11.50 and 14.00! Stop loss +/-5 after buy price. 



Nabors Industries, Inc.
NBR ---> With energy gaining momentum, this one has been my best friend. Price is forming a solid base on top of it's 20MA which i believe that could be a great buy point. Also, it's RSI indicador remains steady on Buy land too, which means that buyers are around. Worth watch this one very closely once it can take off any moment. Targets are 60.43 and 78.00! Stop +/-5 after buy price. 




Globus Maritime Ltd.

GLBS ---> The offering provided a great opportunity. Go long over 0.40 for a possible run up. Target +/-5% after buy price 




Nano Dimension Ltd.
NNDM ---> Worth watching this one closely. After found some support around 2.16, price could be on the verge of a Coil Break. A break above 2.35 could lead this low floater for a squeeze. First target 3.00! Stop loss +/- 5% after buy price




Centennial Resource Development, Inc. 
CDEV - - - > Another energy name that i like it a lot. Price seems to found support around 1.20 level, creating now an interesting base. Another thing interesting is it RSI, which is fixed on buy land, and it's Accum/Dist indicator, which is showing strong accumulation on stock. This is a costumer runner and, like NBR, could take off any moment. So, the plan is a buy at current levels for 1. 50 and 2.00! Stop loss always +/- 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.