Sunday, June 14, 2020

Watchlist for week June 15th SPY GNMK VSTM SEEL BNTC OPGN QLGN RMBL ATRO BILI


SPY
SPY ---> It tested it´s 200 and 50 Moving Averages and found some support!! Without negative news, we should have a recovery here 


GenMark Diagnostics Inc.
GNMK ---> Setup was immune to the drop of the market! Price broke above it´s down trend line and above it´s 20 moving average always with high bullish volume! It is breaking now an resistance area!! So, the trade plan is, a buy at 10.41 for 12.75 and 13.30! Stop at 9.50! Could be a Swing Trade.


Verastem Inc. 
VSTM ---> Price made a nice reaction, on decent volume after touched on it´s solid support, going to close near of high of the day!! With buyers coming back, this setup could be on the verge of upside squeeze! So, the trade idea here is a buy on any price between 1.67 and 1.79 for 1.95 and 2.00! Stop loss at 1.61



Seelos Therapeutics, Inc. 
SEEL ---> Made a strong close on Friday, under heavy buying pressure! Like also the price action, which is well sustained by its 20 moving average! A break above 1.23 could lead the price for a easy squeeze toward 1.50! The trade idea for this one is a buy at 1.23 for 1.41!! Stop at 1.11


Benitec BioPharma Ltd. 

BNTC ---> Price got huge attention from buyers on Friday! After formed a solid base around 7.00 level, Benitec Biopharma seems ready to breakout! This tiny float could make a fast upside movement ! So, the trade plan for this one is a buy at 7.77 for 9.20! Stop loss at 6.65



OpGen, Inc. 
OPGN ---> This one walks under my eyes since earlier last week! Price is providing a great buy opportunity once it is trading near of its solid support line! Last trade session, it showed some signs of some recovery!! So the trade plan here is a buy at any price between 1.87 and 2.07 for the break above its down trend line resistance and targets 2.26 and 2.75! Stop loss at 1.86!! Keep in mind that it  could provide us  a Swing Trade




Qualigen Therapeutics, Inc. 
QLGN ---> This is a very interesting bottom and low floater setup that is on the verge of a recovery! Technical indicators are starting to curling up and also buyers already showed up on Friday! So, the trade plan is a buy at 4.76 for 6.15 as initial target, and if the stock shows really heavy strength, 6.40 and 7.00 are the targets! Stop loss at 4.55!
To help this trade idea, we have some interesting new release last week which you can see HERE



RumbleOn, Inc.
 RMBL ---> Is another setup that has been under my eyes from last week! Price is trading, as you see, at trend line support level!  Last time that it did that, it initiated a strong climb till 14.54! And it was not so long ago... Other thing that i like is the volume. The drops was made under low volume, which means that big buyers are holding their position, are betting big on RMBL! So the trade plan is, a buy on any price between 8.60 and 9.82 for 12.60 and 14.40!! Stop loss at 8.55






Astronics Corp. 
ATRO ---> I´m liking this chart for a possible swing trade! Price found solid support around 10.00 and seems trying a recovery from last drops! The plan is a buy at 11.47 for a upside movement toward 16.00! Stop loss at 11.00


Bilibili, Inc. 
BILI ---> Bilibili is an setup that seems to be indifferent to the volatility from Market! Price has up trend very strong and is now about to break for new highs! More pain ahead for its 10.28% of short players! The trade plan is a buy at 36.50 to get the train to 42.00!! Stop loss if it breakdown it´s solid 20 moving average!



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.