Monday, June 29, 2020

Watchlist for Week June 29 AGE VCNX LIFE SAVA APDN ANIX TCON BCRX GLYC PROF



AgeX Therapeutics, Inc.
AGE ---> Shares of AgeX Therapeutics got my attention on Friday when it broke above a strong resistance area located around 0.96 on heavy volume! Price made a nice spike until 1.10, pulling back to 1.00, where it close! In my opinion, this setup is well positioned to spike again! Worth watch closely!! The trade plan is a buy on any price between 0.96 and 1.00 for 1.10 again and 1.14! Stop Loss, as always, i suggest +/-5% after buy price.




Vaccinex, Inc.
VCNX ---> Another setup that made a nice spike when broke above it´s 20 and 50 Moving Averages on heavy volume, pulling back strongly to near of it´s bottom! Lot´s of pumpers on this market! However, this pullback provided us a great buy opportunity! Worth watch closely to see if momentum continues! If so, this low floater setup could run hard! The trade plan here is a buy at 3.71 for 4.00 and 4.35! And then we will see if it have strength to go test its 200 Moving Average! Stop loss i suggest 3.45!!




aTyr Pharma, Inc.
LIFE ---> This setup held up very well the breakout mode in a very red day in Friday!! Chart is very bullish, with a solid uptrend and lots of positive divergences on indicators and it is breathing strong Accumulation too! If breakout is achieved, this low float floater could fly! So, the trade plan here is a buy at 4.76 for a squeeze toward 5.70!! Stop loss i suggest +/- 5% after buy price!!




Cassava Sciences, Inc.
SAVA ---> Is smelling news! After the big drop occurred in May because Drug Candidate Misses Trial Endpoint, SAVA has registered a solid climb, under heavy Accumulation and Buying Pressure!! Not being possible to not repair, SAVA surges on Friday, with a steady action all day, under strong volume! In my honest opinion, price is preparing to escape! The trade plan here is a buy between 3.29 and 3.44 for 4.08 and 4.48! Stop Loss +/- 5% after buy price!



Applied DNA Sciences Inc.
APDN---> Price is about to break above it´s trend line resistance! As tiny Floater, any new that came out will make this one move fast! So the trade plan here is a buy at 9.60 for a squeeze till it´s next resistance level located around 11.50, which is target!! Stop loss +/- 5% after buy price!



Anixa Bioscience, Inc.
ANIX ---> Price is about to break it´s trend line resistance! If successful, it will open the door for a new leg up! Possible swing trade here ! The trade plan is a buy at 2.81 for 2.97 and 3.30, where is located the next major resistance area! Stop loss +/- 5% after buy price!



TRACON Pharmaceuticals, Inc.
TCON ---> Poised on it´s 20 Moving Average, TCON made a first test to its trend line resistance! Worth watching for confirmation and continuation ! The trade plan here is a buy at 2.21 for 2.40 and 2.52!! If do that, we will check then it´s strength for a possible test to  200 moving average!! Stop loss +/-5% after Buy Price!



BioCryst Pharmaceuticals, Inc.
BCRX---> Someone seems to know something!! Price rose more than 12% on strong volume, closing near of high of the day, for no apparent major reason! Worth watch closely for, any pullback, that could provide a great buy opportunity, or for a buy at 4.91 for 5.45 and 6.28! Stop loss +/-5% after buy price!





GlycoMimetics Inc.
GLYC ---> Price rose almost 15% on heavy volume, Accumulation, and Buying Pressure, closing the regular trade session at high of the day! Very strong!! Now, price seems ready to break above its next major resistance area! The trade plan here is a buy at 3.61 to reach it´s 200 Moving Average! Then we will see if it can break it or not! Stop loss +/-5% after buy price!!



Profound Medical Corp.
PROF ---> Surged on scanner with huge voume and buying pressure. Price is entering in breakout mode and, as low floater, if this momentum remains intact, it could climb well! Possible swing trade here. Trade plan for this one is a buy at 14.05 for 17.90 and 20.00! Stop loss +/- 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.