Wednesday, June 17, 2020

Watchlist for Thursday, June 18th MLND AAOI MYO SNES MTCH AHPI TMBR


Milendo Therapeutics Inc.
MLND ---> Big rally on Wednesday! Price rose more than 40% on heavy Volume and Accumulation! Chart still showing huge potential and i believe that it will close the GAP! The trade plan suggesting is a buy at 3.65 for 4.05 and 4.70! As always, as stop loss i suggest +/-5%, which is around 3.45!


Applied Optoelectronics Inc.
AAOI ---> Price rose more than 11% on heavy volume, closing near of high of the day, staying on the verge of an important breakout! It is testing it´s 200 moving average resistance area and if successfully break, this low floater could run easily! The trade plan is a buy, if you don´t get yesterday, at 10.28 for 11.45! Stop loss suggested is 9.70!



Myomo, Inc.
MYO ---> Myomo is providing a great chart here, with a coil break imminent! Also MACD became bullish crossover, meaning that momentum is starting to appear! So, a break of resistance line could boost this low floater for run up! The trade plan is a buy between 3.56 and 3.90 for 4.23 and 4.70! Stop loss suggested 3.42


SenesTech, Inc.
SNES ---> Another low float that got huge volume yesterday and is about to breakout!! Worth watching for confirmation! The trade plan is a buy a 2.26 for 2.86!! Stop suggest at 2.15



Match Group, Inc.
MTCH ---> To explain this chart, i need to use a Weekly time frame! Match Group is a very highest short player with about 70% of short float! However, the price is about to break to new Highs, putting more pressure on it´s short traders! This type of action could obligate the investors start to cover their positions leading the price for a short squeeze, which in that case, could be epic! Plus, MTCH has calls around 110 for July! This is the case that risk can be well rewarded! So the trade plan is a buy at 95.57 for 108 and 120!! Stop loss suggest is +/- 5% bellow !! Swing Trade on the table



Allied Healthcare Products, Inc.
AHPI ---> Alerted yesterday for this one!! Price is now about to break it´s down trend line!! If you don´t jumped in yesterday, the trade plan now is a buy at 10.42 for 12.50 and 14.50! Stop loss suggest as always, +/- 5 bellow!


Timber Pharmaceuticals, Inc.
TMBR ---> Has a nice bottom pattern, which showed high relative strengh during the regular trade session and in After Hours too! Price got huge volume yesterday and technical indicators are proving that volume is well sustained! We can make here a nice trade, with a buy at 2.58 for 2.95 and 3.30! Stop Loss suggest is 2.32

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.