This blog follows the US stock market daily. Free market news, market comments, stock charts, stock and options buy/sell suggestions are provided throughout the day.
Tuesday, July 2, 2019
Three Stocks Under $15 With Momentum And Volatility 三只15元以下既有动力又波动的股票
Overstock.com (OSTK 14.32)
Part retail and part Blockchain company follows closely with Bitcoin price movements. After bottomed at around 9, OSTK consolidated about a month and formed a bullish Round Bottom pattern. It then consolidated around 14 for a few day and is breaking out today on the strength of Bitcoin. It's next two resistances are 16 and 17.5. Besides following Bitcoin movement, another bullish factor is its almost 50% short interest on only slightly over 28 million shares float. With bullish Bitcoin price action and breaking about 14 resistance, short squeeze is on! OSTK should move up quickly.
Direxion Daily Gold Miner Index Bull 3X (NUGT 27.06)
Gold stocks rose as gold prices came to life since the end of May 2019. After a sharp move up from14 to nearly 30, NUGT has corrected down to its 20 day moving average at around 24 and found support.
It rallied strongly today indicating that the correction has completed. It should go back up to test recent high of 29.8. If 29.8 is overcame, next target is 35.
Greyscale Bitcoin Trust (GBTC 13.96)
After breaking out of 10000, Bitcoin surged to nearly 14000 in 6 days! It then crashed back down to
a bit below 10000 and quickly recovered above it. Looks like Bitcoin is going back to 14000 again.
Following Bitcoin's performance, GBTC surged to a high of 17.4, came back down to 20 day moving average support at 12. It moved up almost 10% today and formed a Bullish Engulfing pattern and more upside is likely due to today's strong momentum. Next two resistances are 15.5 then 17.4.
With the high volatility of GBTC, it may only take a few days to reach these targets.
Overstock.com(OSTK 14.32)
部分零售和部分区块链公司紧跟比特币价格走势。 在9左右触底后,OSTK整固了约一个月并形成了看涨的圆底形态。 然后它在14左右整固了几天,今天借用比特币的力量突破。 它接下来的两个阻力位分别为16和17.5。 除了跟随比特币走势之外,另一个看涨因素是其接近近50%的空头而流通固仅略高于2800万股。比特币价格走势加上突破14阻力位,空头挤压已开始! OSTK应该能迅速向上移动。
Direxion每日黄金矿业指数Bull 3X(NUGT 27.06)
自2019年5月底以来黄金价格终于大幅上涨,黄金股价也随之上涨。在从14点至近30点大幅上涨之后,NUGT下调至20日移动均线24附近得支撑。今天强劲反弹表明修正已经完成。 它应该能回到最近的高点29.8。 如果29.8被克服,则下一个目标将是35。
Greyscale比特币信托(GBTC 13.96)
突破10000后,比特币在6天内飙升至近14000! 然后它再次坠毁到略低于10000不过去能迅速恢复到它之上。 看起来比特币又要走向14000了。随这比特币表现的强劲,GBTC飙升至17.4的高点,回落至20日均线支撑位12点。今日上涨近10%并形成看涨吞没模式,今天的强劲势头将带来更多的上涨。接下来的两个阻力位是15.5然后是17.4。由于GBTC的高波动性,实现这些目标可能只需要几天时间。
Contact Email: tradeideablog@gmail.com
U.C. Berkeley graduated, former electronic/computer engineer turned investment advisor / analyst. In the market 42 years with focus in market timing, learned from experience to trust charts,combine with trend, valuation, news and investors sentiment in making trading decisions,, knowing anything can happen to the market so very flexible to trade both sides of the market. 1992 CNBC/USA Today Investment Challenge professional options division champ with 3 month return of 1125%. In real life trading accomplished 9600% return by trading TZA options in the course of 3 months, doubled account value in 3 months by trading 3X ETFs. Now retired and enjoy trading stock and options daily. On going partnership with Sing Tao Daily and Sing Tao Radios in offering advanced stock and options trading classes semi-annually.
联系Email:tradeideablog@gmail.com
伯克利加州大学毕业,前电子/计算机工程师转为财务顾问/股市分析师。 在市场42年,专注于参与市场时机。从经验中学到信任图表,结合趋势、估值、新闻和投资者情绪做出交易决策。知道任何事情都可能发生在市场上,因此非常灵活地参与买涨及做空,参与市场的两个方向。 1992年CNBC /今日美国日报投资挑战赛专业期权组冠军,3个月回报率为1125%。 在现实生活中,通过在3个月内交易TZA期权获得9600%的回报,通过交易3X ETF在3个月内使账户价值翻倍。 现在退休,享受每日交易股票和期权。 与星岛日报和星岛电台合作,每半年提供一次深入的股票和期权交易课程。
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