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SHIP Retraced...Now What?SHIP retraced back to the 50 fib finally, bounced and now attempting to get back to the 236 area but recent volume has ben lighter than in previous weeks. As it approaches this area yet again, I think volume will ultimately dictate the next move. Sure, you've got supply chain bottlenecks and higher prices for shipping specifically to Capesize vessels. However, industry fundamentals have their tipping points. Seanergy isn’t vocal via its newswire; however, its Twitter feed has become a soapbox of sorts. The company has made it known that there’s a significant value in Cape vessel rates right now. A recent tweet explained that cape vessel rates were $75k/day and that “SHIP has unique benefit through index-linked contracts for most of the fleet.” Other than that, SHIP stock price movement has reflected a similar tone in a direction that other reopening stocks have seen. SHIP Stock Forecast Maxim is the most recent analyst to weigh in on SHIP stock. The firm upgraded its rating to Buy and announced a $2.50 price target . Based on open prices on October 8, this target is 78% higher.
NASDAQ:SHIP
by PennyStocks101
1
RSLS Short Term Retracement Still Showing LevelsOnly did the fib retracement back til July because before that the levels are just absurdly higher. So sticking to some level of relevance, we can start to see what areas have materialized as potentially "important" in my opinion. For RSLS , the 786 fib has been a level of high traffic and pivot for the stock. It was previous support back in July and into August, then turned into resistance ever since. Similar to Kosmos, ReShape hasn’t released much recent news. However, a new VP of Operations and R&D in August along with more substantial revenues for the quarter have been two things traders have focused on. Furthermore, insider buying from CFO Thomas Stankovich this summer came as a vote of confidence for some. Stankovich picked up nearly $50,000 worth of RSLS stock toward the end of August. However, the company has presented at several industry events and was given a notice of allowance by the US Patent & Trademark Office titled “Intragastric Device” late last month. RSLS Stock Forecast According to the World Health Organization, worldwide obesity has nearly tripled since 1975. With an ever-growing population, there remains a constant need for helping those hit by this disease. This week Maxim Group initiated coverage on ReShape with a Buy rating and a price target 167% higher than retail levels on October 8th. Maxim joins other analysts like Alliance Global, who also has a hefty price target on RSLS stock . It sits at $10.25 or roughly 290% higher than where RSLS opened on Friday.
NASDAQ:RSLS
by PennyStocks101
2
KOS...They Said So? Bullish Resistance Or Bearish Deflection 2.0This is a familiar area for KOS that has taken some time to get to. But now that its back at the 382 fib level, the proof will be in the pudding. This was an area of previous support a few months back and now KOS is desperately trying to make it so once again. Over the last few weeks it's been deflected but continues hovering in the area so all may not be lost (for now). Other than earnings released in August, there haven’t been many new updates from the company. For the most part, KOS stock has moved with the overall oil and gas market direction. When it comes to Kosmos Energy’s last earnings update, it experienced increased revenues and a more narrow adjusted loss. KOS Stock Forecast Similar to American Resources, analysts may be bullish on Kosmos thanks to the reopening trade. Higher energy demand has put somewhat of a strain on the portion of the raw material of the supply chain. With that has come higher inflation and, thus, higher prices. In light of this, it might make more sense that analysts at firms like Sanford Berstein have given a stamp of approval with an Outperform rating . The firm also has a $7.80 price target, roughly 140% higher than opening levels on October 8.
NYSE:KOS
by PennyStocks101
AREC Stuck In Traffic...againAREC caught a nice pop in daily trading volume over the last few days/week. But this 786 fib line remains a sticky area of traffic that is still a clear area of resistance on the chart. This week has been a busy one for American Resources. Updates include progress on its battery recycling initiative with Purdue University achieving 99.5% purity of lithium, cobalt, and nickel. In addition, the company acquired additional mineral reserves for its Deep Mine at the Perry County Resources complex. These reserves include an estimated 10.1 million tons of mineral resources. AREC Stock Forecast Clearly, American Resources has become a part of the budding reopening trade. Thanks to global economies piping money into infrastructure redevelopment and new projects, raw materials are at the core of the supply chain. In light of this, would it surprise you that analysts are bullish? Right now, HC Wainwright’s Heiko Ihle has a Buy on AREC stock with a price target 80% higher than opening trading levels on Friday, which is $4.
NASDAQ:AREC
by PennyStocks101
CEI 382 & 50 Fib Levels Are ImportantCEI has been one of the penny stocks we've written about on the site for weeks now. Since it was at just 35 cents, the stock has been on fire. Of course, taking out the social media hype factor, there are potential technical levels to consider right now. First, the 50 fib line has been an initial level of traffic over the last few months. Whenever CEI has gotten to this point, it has either failed to break or briefly break above and hold as interim support. However, as you can see the last time it jumped above this level, it was fleeting. This time around, there's a lot more daily volume at above-average levels to take into account. What's more, you can see that 382 has consistently remained an upper level of support/resistance, more times acting as resistance (as it did Friday), than support. But again, given the above-average volume, that is something that is very different this time around. Then you've got strength in energy stocks, in general. That paired with these technical levels could be something to watch heading into the new week and end of the third quarter. You've also got Finviz showing short interest above 24% as of Friday.
C
by PennyStocks101
SENS Continues Holding LevelsPulled SENS back up again after a few weeks and see that it's still holding the same fib and trendline levels as it was when we first drew out the fib retracement. It's also now holding the 50DMA consistently as it steadily rises. For some context, this company develops and commercializes continuous glucose monitoring systems for diabetes patients. Senseonics offers the Eversense and Eversense XL products in its lineup. These are implantable CGM systems for measuring glucose levels with an under-skin sensor, and a removable and rechargeable smart transmitter. Sensonics also offers an app for real-time diabetes metrics monitoring. Other Highlights: - HC Wainwright $6 target and buy rating last month - Collab with University Hospitals Accountable Care Organization - Raised $50 million in gross proceeds through completion of At-the-Market equity offering program last quarter. Proceeds earmarked "primarily for debt service" -Year-To-Date up over 320% so far
AMEX:SENS
by PennyStocks101
Will It VRPX Right By This Resistance Or Fail Again?VRPX is another one of the former penny stock darlings of the year. Big breakout mid August put it on everyone's radars now it's about sustaining this higher price level and subsequent valuation. At today's price of around $20.25, the market cap is 3.5x the size it was just a few weeks ago. Thanks to FDA related headlines, VRPX stock skyrocketed. "The FDA has indicated that Virpax may pursue an NDA drug approval with the Office of Non-Prescription Drugs. The Company has engaged Syneos Health to assist with the optimal clinical trial design based on an efficient timeline." Now that it seems to have found a home north of $15, levels are coming to light. Right now it looks like the 50 fib line is that pivot. Following the big breakout it was somewhat of a "no man's land support" and now it has acted as resistance, rejecting VRPX each time it's been tested. However, the last few days have seen an uptick in daily volumes so that could be something to keep a closer eye on right now. "Regarding the latter, VRPX stock is the latest penny stock darling to experience an explosive move. Monday afternoon, shares were trading below $4.50 & as of mid-morning on Tuesday, the former penny stock broke above $10 a share. Now, if you’re wondering what the VRPX stock forecast is moving forward, your guess is as good as mine. In parabolic instances like this, fundamentals can begin playing a role to justify a stock’s price being so highly valued... VPRX isn’t the only trending penny stock today. Retail traders are posting images of Robinhood charts that include other big movers..." Read More Link: 4 Trending Penny Stocks On Robinhood You Should Watch Right Now
NASDAQ:VRPX
by PennyStocks101
KALA Levels + Short InfoShort squeeze stocks have become a favorite recently. KALA has started getting wrapped into the conversation. Looking at details from sites like FinViz, short float is around 20% meanwhile the float itself shows to be around 42 million shares. Plotting some levels, you'll notice that KALA is still in the lower channel on the fib retracement slowly heading toward the 786 area. However, before that happens, keep watch on an interim level around $3.40. It was previously a support level in July but seems to have become a resistance level as KALA was strongly rejected right at $3.40 on Friday. Aside from the technical/speculative trend, there are also a few things to watch with the company after a rough first half: " Kala specializes in eye treatments. Its EYSUVIS is quickly playing a leading role for the company. According to the company, this past quarter, it was a preferred prescription for short-term treatment of dry eye disease. Furthermore, Kala explained that its expanding market access with Commercial and Medicare Part D health plans...Mark Iwicki, Chairman, President, and Chief Executive Officer of Kala Pharmaceuticals, explained, “We are encouraged by the very positive feedback we consistently receive from physicians and patients, who describe EYSUVIS as an effective and comfortable medicine and look forward to building on this foundation as we continue with the EYSUVIS launch. In parallel, we continue to promote INVELTYS and are advancing our pipeline of new chemical entities for front and back of the eye diseases, as we work to build a robust and sustainable portfolio of innovative treatments.” " Quote Source & Read More: 4 Short Squeeze Penny Stocks To Watch After SPRT Stock’s 1,309% Run
NASDAQ:KALA
by PennyStocks101
CLVS back on the low lowCLVS is now back at its November 2020 low. The interesting part of this trend is that it also managed to test, hold, and bounce off of an almost identical level (strong support?). As of Friday afternoon shares retested an interim area of higher traffic that was support earlier in August and late July but now appears to have become a resistance level over the last 3 sessions at least. With the "short squeeze stocks" conversation building steam, it could be interesting for CLVS. Finviz shows the short float percentage at 27% right now. " The biotech sector may also host some of the other heavily shorted stocks. Phase trial data, scientific reports, and the like all play a role in directional momentum. In this case, Clovis has felt some pressure over the last few quarters. Clinical data on its FAP-2286 platform, along with missed earings, haven’t helped the cause. Then you’ve got news of large, multi-million dollar fundraising initiatives adding more pressure as well. Needless to say, it has happened to hopefully advance the company’s pipeline...Clovis specializes in developing cancer treatments. Its lead candidate Rubraca is an oral treatment being developed in multiple types of tumors. These include ovarian and prostate cancers. It’s approved in the US for maintenance treatment in adults with recurrent epithelial, ovarian, fallopian tube, or primary peritoneal cancers...As far as CLVS being considered one of the “short squeeze stocks,” outlets show that the penny stock’s short-interest sits around 27%. Of course, it isn’t as high as some of the others on this list. However, anything over 20%, by most accounts, can be considered high. " Quote Source & Read More: 4 Short Squeeze Penny Stocks To Watch After SPRT Stock’s 1,309% Run
C
by PennyStocks101
ATER Trying To Redeem ItselfWe've looked at countless charts and share structures of the so called "short squeeze stocks" with ATER popping up. While it isn't the highest short interest, sites like finviz point out a short float percentage of over 20%. Further, the penny stock fell hard in August after filing a registration statement for selling shareholders at 2.7 million shares. Thanks to the likes of SPRT BBIG and even MMAT , these high-short interest stocks are the talk of the market right now. The big question is will they hold up to the hype and how long will the moves last IF they even begin in the first place? " While no news was announced sparking this gain, we did see many tech penny stocks climb during today’s session. However, it did report its second quarter 2021 financial results only a few weeks ago. In the results, the company reported 14% growth in its revenue YoY to $68.2 million. In addition, it managed to grow its gross margin from 46.7% to 48% in addition to decreasing its operating expenses from $29.4 million to $28.4 million...“This has been a challenging quarter for e-commerce marked by a global supply chain crisis, inflation and an extreme shift in consumer behavior due to the opening of brick and mortar stores after the relaxation of COVID-19 related restrictions...Despite the difficult environment and significant increase in product variable cost, our sales grew on average 20% on a proforma basis across all fourteen brands compared to the second quarter of 2019.” The Co-Founder and CEO of Aterian Inc., Yaniv Sarig " Quote Source & Read More: These 3 Penny Stocks Exploded on Friday, Here’s Why
NASDAQ:ATER
by PennyStocks101
Will These Levels MMAT er This Week?MMAT has been on the list of short squeeze stocks recently. SPRT 's big move along with BBIG 's big pop helped spotlight some stocks with higher short interest. For this retracement, we didn't do much more than extend out the same fib retracement we plotted in July, which still appears to show relevancy. What's more, is MMAT has a few other things to keep in mind outside of the typical technical/speculative trends: " The company recorded 197% revenue growth in the second quarter as it continues seeking new contracts. This comes as Meta Materials works to button up yet another acquisition. This one is for Nanotech Security Corp., valued at just under C$91 million. The deal is expected to expand and speed up Meta’s commercialization strategy. In particular, it brings Nanotech’s electron beam lithography equipment anticipated to decrease production costs noticeably. “Nanotech also adds complementary skillsets which can support META’s markets, accelerating our commercialization plans in verticals such as solar energy, 5G and other antennas, battery and fuel cells, and carbon capture,” said George Palikaras, META’s President and CEO...As it relates to MMAT stock short interest, outlets are showing a short float as of today’s date above 40%. However, it does make sense that some have taken bearish bets on the company considering all of the cash laid out for its current and pending acquisitions. Needless to say, it has been one of the penny stocks to watch this week. " Quote Source & Read More: 4 Short Squeeze Penny Stocks To Watch After SPRT Stock’s 1,309% Run
M
by PennyStocks101
BBIG Move Monday?Ever since we posted an article on BBIG last Friday, the conversation has evolved. What was seemingly just another "short squeeze stock" ended up going viral and seems to be a huge talk on every social media outlet. But With so much hype, it's important to make sure you tune out the noise and look at the full picture. A fib retracement we plotted a while ago was extended to meet up with the recent candles. What's interesting is that the same 50 fib line that acted as a major resistance in February and June held on by a thread Friday BUT this time BBIG managed to close above it just slightly. You've also got the corporate story outside of the technical/speculative "short squeeze" story: " Shares of BBIG stock have remained on the radar of retail traders for the last few months. As we previously reported, investors anxiously awaited updates surrounding the acquisition of Lomotif Private Ltd. by Vinco and its subsidiary ZASH Global Media and Entertainment. The Lomotif acquisition’s importance was that it’s a Singapore-based video-sharing social networking platform becoming a rival to TikTok and Kuaishou. Fast-forward a bit, and Vinco is now experiencing surging trading action and gained appeal from the Reddit crowd...Lomotif has achieved a record number of Monthly Active Users (MAUs) with over 30 million MAUs, according to Data Analysis Firm Sensor Tower. Furthermore, Vinco recently launched recording Artist Tory Lanez’s album “When It’s Dark” on the E-NFT.com platform. “When It’s Dark” is the first album to go platinum on the blockchain with over 1,000,000 units sold...As far as BBIG stock as a “short squeeze stock to watch,” let’s look at some numbers. According to some outlets reporting short interest, the short float percentage is north of 50%, according to some outlets like FinViz. Given the state of the market and that BBIG has just over 41 million shares outstanding, it could be an interesting thing to track as traders hunt for stocks with high short interest this week. " Quote Source & Read More: 4 Short Squeeze Penny Stocks To Watch After SPRT Stock’s 1,309% Run
B
by PennyStocks101
Stocktwits chart Verasity has arrived !As you see we want to highlight what the future give for the next bullrun wave. I took tha Parallel fibonacci as it indicates the future points. From the FIB point side, it can go to 0.08 dollar as you see i have extended the first bullrun fibonacci line.(rose arrow ) If we take tu U-form line , we get 0.10 dollar and as you see most of the bullrun ends with round numbers. If you tell me why it's because maths not lie, like fibonacci lines. Anyway, thanks to like this analyse and follow on my page and other social media. Peace and have a nice weekend.
Long
by price_action_bars
Do We Have SPRT Higher?SPRT has been on an EPIC run. Started as a penny stock and just keeps squeezing and exploding higher. BUT this area that it was recently rejected at is a pretty historic one and I had to pull out the chart way back to the summer of 2011. If you look at where resistance points have been over the last TEN years, You'll see that this $15 area has certainly put up a fight. In both November of 2012 and December of 2013 SPRT was heavily rejected. On top of that, when I plotted a Fib retracement the 236 lines up almost IDENTICALLY with that dotted orange trend line. Now, are these proper levels? If you look in 2013 when it was rejected, SPRT retraced...where?...to the next fib level lower, then bounced. What's more, if you look at the 50 fib, you'll see that plotted on this chart it also has been an area of higher traffic. The big question now is will there be a sell-off thanks to profit taking? Will crypto hype continue fueling the move? Will SPRT make new highs? All good questions and better left answered after checking these levels and seeing what the crypto market does next. "For the first quarter of the year, Support.com wasn’t much to write home about. However, that all changed toward the start of Q2. This coincided with the $35 million settlement with Office Depot in late March. However, this isn’t the biggest story of 2021 for SPRT stock. Support.com’s core business model is providing support solutions for home-based employees. But despite what you may think about this being a reopening trade, there’s more than meets the eye...A strong mix of “short-squeeze” speculation along with cryptocurrency-fueled action has helped spark a surge over the last few months. The company and Greenidge Generation Holdings plan to merge. This tie-up would create a company focused on bitcoin mining operations...When the initial details were announced, Greenidge said it expects the deal will make it the first publicly traded bitcoin mining company with a wholly-owned power plant. With the special meeting of shareholders set for September 10th, it’s clear that the market is paying close attention. Needless to say, SPRT stock has experienced a massive move in the stocks market this year." Quote Source & Read More: 5 Penny Stocks That Turned $2,500 Into Over $29,000 In 2021 So Far
S
by PennyStocks101
OPGN A Tale Of 2 FibsOPGN has slowly crept up ever since that insider buying in June. After meandering around the 786 fib line for weeks, the stock finally headed back toward that 618 fib line and...yet again...was rejected at that level. In general, momentum has been building in the stock but now with some attention, this 618 fib level could be an important one to keep an eye on for longs. You've also got the FDA review to think about as well. From June: " The company recently submitted an updated 510(k) summary to the FDA for its Acuitas AMR Gene Panel for isolates. It included all of the FDA’s previously requested updates and consistent with the FDA’s outlined timeline. OpGen was previously informed that the FDA intends to complete its review by the end of August ...Obviously, with infectious diseases taking up a lot of the news flow over the last year, diagnostics companies have grown in popularity. Along with subsidiaries Curetis GmbH and Ares Genetics GmbH, OpGen develops and commercializes molecular microbiology solutions to guide clinicians with rapid and actionable information about life-threatening infections...One of the main catalysts for this week is actually based on insider activity. A few Form 4s were filed on the 14th, showing insider buys this month. Both COO Johannes Bacher and CEO Oliver Schacht picked up a total of 40,000 shares for just over $90,000. Purchases were made at prices ranging from $2.22 to $2.30. " Quote Source & Read More: 5 Top Penny Stocks Insiders Decided To Buy In June 2021
O
by PennyStocks101
2
MICT at Key Level...Now What?MICT back to testing the 618 fib line. After plotting out a quick retracement for the year to date, this appears to have been a really consistent area of support and resistance. This S/R pivot turned into resistance a few weeks ago and now MICT is testing it. The thing to remember is what's coming next. Will it act as a catalyst beyond the "event date" or will it just be a "buy the rumor" type event, if at all? " With second-quarter earnings slated for release next week, anyone looking at MICT stock right now should keep August 16th in mind. The company also plans to host a question, and answer portion during its earnings call before the opening bel l" Quote Source & Read More: Best Penny Stocks To Buy Right Now? 5 To Watch Before September
M
by PennyStocks101
MNKD Fibbin AgainMNKD is back at a frequent level of "traffic" this week. After doing a quick retracement we can see that the 618 area continues to act as a magnate a key pivot area. After bouncing off this last time, MNKD has continued higher on a decent multi-day move. Now, moving forward, a fundamental focus could be on what happens with its next potential commercial product, Tyvaso: MannKind’s collaboration partner, United Therapeutics (NASDAQ: UTHR), previously submitted an NDA to the FDA for its Tyvaso DPI product. This is a potential treatment for pulmonary arterial hypertension and pulmonary hypertension associated with interstitial lung disease. In response to the strong Q2 performance, Michael Castagna, Chief Executive Officer of MannKind, said, “I am really proud of how our team has executed so far in 2021 supporting the growth of Afrezza and preparing for the potential commercial launch of Tyvaso DPI.” With this as the backdrop for a recent rally in MNKD stock, it could be a sign to have it as one of the penny stocks to watch heading into the second half of the month. Quote Source & Read More: Best Penny Stocks To Buy Right Now? 5 To Watch Before September
NASDAQ:MNKD
by PennyStocks101