HYRE, DCAR, BLNK & NIO are the vehicle rental and EV stocks I'm watching for potential buys, HYRE & DCAR I'd like to see panic near support levels @ 6.50 & 3.70 respectively, BLNK is a potential buy if it can disprove resistance @ 3.20ish - ideally with news - let's see if it can replicate its February run, NIO has finally stopped collapsing after they announced poor earnings earlier this month - I'm now watching for buys if it continues to hold all-time support @ 5.90ish - aiming for a 3-5 day bounce with target @ 7.20.
NDRA, CIFS & PHAS are all potential morning spike plays, NDRA is a bio-tech that's teasing a multi-week breakout over 2.95, they have an S/1 outstanding which makes me think they'll re-spike their stock to raise cash - key resistance levels @ 2.95, 3.30 & 3.60, CIFS is pretty much dead in the water but so far holding its gains from February - I'm watching for a re-spike with news + volume over 3.25, PHAS is holding up decently after its gap-up, I'm watching for additional news/volume for a short squeeze over 6.50.
CFMS, CPRX & AVID are some earnings winners up-trending nicely, I'm looking to buy dips if/when they align with support - no randomly chasing these.
3 tips - only trade stocks for which you can;
A - clearly define risk predicated on prior support levels
B - objectively identify your profit/loss potential
C - expect a sizeable move based on a catalyst i.e. news/pattern/sector
Join now or log in to leave a comment