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Coronavirus (COVID-19)

Boeing stock analysis. $BA box inception Today I am going to show you implementation of my boxes trading strategy on NYSE:BA stock price movement. Boeing stock price has been extremely volatile since the COVID crash. Let's take a look at it's last 6 month price movement. 1. Price bounced from long-term support and found a new demand at 205. 2. Price reached 278 and got rejected from a strong resistance. Thus, big box was formed at respective supply and demand levels. 3. Price dropped and could not get past 258 level during the span of the next 4 months. At the same time demand was found at 220 level, forming anoter box. 4. Breakout of the box downward led to return to the original 205 demand level in the bigger box, which happened to be at the long-term support line as well. That's a strong level. 5. Price soared all the way to 240 and rejected to form another smaller box. September action will be crucial for determining further stock direction. Watch for trend line breakouts as they are coming closer. If the long-term support does not hold - we move lower to the box demand. If that does not hold either, we move lower to another long-term trend line. If the price breaks through the smaller box supply and resistance trend line, we move higher to the big box supply of 278. ----------------------------------------------------------------------------------------------------------------- Disclaimer!!! This is not financial advise.
NYSE:BA
by AyBe_Invest
Crude Oil Correction - Another US Policy MisstepIn early July 2021, nearby NYMEX crude oil futures rose to the highest price since 2014 after rising to a high of $76.98 per barrel. The price eclipsed the October 2018 $76.90 high by only eight cents. The crude oil futures market ran out of upside steam at the early July high and has made lower highs over the past seven weeks. At around the $62 per barrel level at the end of last week, the September futures contract was in a short-term bearish trend. Meanwhile, over the past year, the energy commodity made great strides on the upside. Virus variants and China weigh on the energy commodity US energy policy is bullish for crude oil A bull market since April 20, 2020 The US administration and crude oil- Comedy or Tragedy? Levels to watch in crude oil The most recent selling reflects a long-overdue correction. The slowing Chinese economy, along with other factors, is likely weighing on crude oil. Crude oil futures take the stairs to the upside during rallies and an elevator lower when the price corrects. While we could see lower prices over the coming weeks and months, the underlying support issues facing the energy commodity suggest that it is not a time to become too bearish on petroleum as it continues to power the world. Virus variants weigh on the energy commodity As the delta variant of COVID-19 spreads throughout the unvaccinated population, with reports of some breakthrough cases in those who received vaccines, economic activity has begun the slow. Fears of a return of widespread cases have caused economic growth to slow. Meanwhile, China has cracked down on some sectors of its business sector that raise capital in the west, causing its economy to cool over the past weeks. The demand for energy has begun to decline, sending the crude oil price to its lowest level since late May over the past week. The chart of the now active month October NYMEX crude oil futures highlights the decline from a high of $74.77 per barrel on July 6. In July and August, crude oil has made lower highs and lower lows, falling to $61.82 on August 20, the lowest price since May 21. The next level of technical support stands at the May 21 $60.68 low on October futures. Open interest, the total number of open long and short positions in the NYMEX crude oil futures market, has declined from 2.414 million contracts on July 6. The decline reflects long liquidation. Falling price and declining open interest are not typically a technical validation of an emerging bearish trend. Price momentum and relative strength indicators have dropped to oversold territory. As crude oil has been correcting slowly and not taking an elevator shaft lower, daily historical volatility was just below 27% on August 20. Over the past week, the prospects for higher US interest rates lifted the US dollar index to its highest level in 2021. The dollar index rose over the 93.47 March high. A stronger dollar tends to weigh on commodity prices, and crude oil is no exception. However, the Fed canceled its in-person Jackson Hole event, citing the rising number of delta variant cases. We will soon find out if the central bank decides to stall tapering quantitative easing because of the virus. A prolonged period of inflationary monetary policy could cause raw material prices to resume their ascent. US energy policy is bullish for crude oil President Biden pledged to address climate change during his 2020 campaign. Following that promise, he canceled the Keystone XL pipeline project on his first day in office by issuing an executive order. In May, the administration banned oil and gas drilling and fracking on federal lands in Alaska. While crude oil demand has been booming over the past months, US output stood at 11.4 million barrels per day as of August 13, 13% below the record high of 13.1 mbpd in March 2020. Meanwhile, US crude oil and oil product inventories have declined in 2021. According to the American Petroleum Institute, US crude oil stockpiles declined by 51.508 million barrels from January 1 through August 13, 2021. Gasoline stocks were 4.9509 million barrels lower, and distillate inventories dropped by 9.571 million barrels. The Energy Information Administration data shows a 57.8 million barrel drop in crude oil stocks, with gasoline inventories 8.4 million barrels lower so far this year. Distillates have declined by 13.9 million barrels. US daily production has increased from 11.0 mbpd to 11.4 mbpd since early January, but it is insufficient to keep stockpiles from falling. US energy policy is weighing on output as increased regulations, and a shift to a greener path for powering the US causes fossil fuel production to decline. Meanwhile, crude oil and oil product prices have moved substantially higher in 2021: Nearby NYMEX crude oil futures closed 2020 at $48.42 per barrel. At $62.32 per barrel on August 20, the energy commodity was over 28.7% higher even after the recent correction. Nearby NYMEX gasoline futures closed 2020 at $1.4238 per gallon. At $2.0236 on August 20, the fuel was 32.1% higher for the year. Nearby NYMEX heating oil futures, a proxy for distillate prices, settled at $1.4832 per gallon at the end of December 2020. At $1.9082 on August 20, distillate prices rose by 28.7%. While the US is on a greener path of energy production or consumption, the US and the world continue to rely on crude oil and oil products for power. For decades, the US struggled to achieve energy independence from the Middle East, home to over half the world’s crude oil reserves. Over the past years, rising shale production and a drill-baby-drill and frack-baby-frack policy caused the US to take the leadership role in output, achieving its goal. The change in energy policy under the Biden administration has shifted crude oil’s pricing power back to OPEC and the cartel’s partner, Russia. As the Saudi oil minister said earlier this year, “Drill-baby-drill is gone forever.” A bull market since April 20, 2020 At the height of the global pandemic, energy demand evaporated. Nearby Brent crude oil futures fell to the lowest price of this century at $16 per barrel. NYMEX futures fell below zero as the landlocked crude oil ran out of storage as inventories exploded. As the monthly chart shows, at over the $62 level on August 20, 2021, crude oil futures remain over $100 per barrel higher than the April 20, 2020, negative $40.32 low. While the nearby futures have corrected by nearly $15 since the early July high, they remain in a bullish trend since the April 2020 low. The US administration and crude oil- Comedy or Tragedy? If the Biden administration should have learned anything from the current debacle in Afghanistan, timing is everything. The administration misjudged the Taliban’s ability to swoop across the country’s 34 provinces and capture its capital, Kabul, in short order. Transporting US citizens and Afghanis that assisted the US became a tragic chapter for the world’s wealthiest nation and leading military power. Two weeks ago, before crude oil corrected, the Biden administration appealed to OPEC+ to produce more oil as gasoline prices had risen to multi-year highs. Opposition party Republicans and environmentalists noted that the President casts himself as a climate warrior moving the US towards cleaner energy to protect the planet. The request for OPEC to increase output only makes sense if their production comes from sources away from the earth. After suffering under increasing shale production over the past years, OPEC+ does not have the US’s best interests at heart. The cartel is more likely to structure production policy to squeeze US consumers. After all, producing one barrel at $100 yields a better return than two at the $40 level. The Biden administration has been in office for the past seven months. Immigration, Afghanistan, and energy policies have been far from successes over the period. One sector of the market could benefit from the events transpiring in Afghanistan. With banks closed, one of the few ways people can leave with life savings is to protect them in computer wallets in the cloud. Cryptos allow for transport on flash drives or access in other areas of the world via a secure password. Bitcoin, the leading cryptocurrency, posted gains over the past five consecutive weeks. The correction after the parabolic rally found a bottom. Flight capital is another reason supporting cryptos in a volatile world. Levels to watch in crude oil US energy policy remains bullish, despite the current correction in the crude oil futures market. OPEC and the Russians are not likely to cooperate with the Biden administration and heed the call for more output. They are more likely to cut production given the foreign policy tensions and signs of weakness in Afghanistan. The NYMEX crude oil’s weekly chart shows support levels at $61.56, $57.25, and $33.64 per barrel. As crude oil is heading towards the end of the driving season, delta variant cases are rising, and the US and Chinese economies are slowing, a deeper correction is possible. Meanwhile, with OPEC+ back in control of the marginal oil barrel, the medium and long-term prospects for the energy commodity remain bullish. I expect higher highs in crude oil in 2022 and beyond. US energy policy towards a greener path will change the oil market’s dynamics over the coming decades. Still, as petroleum continues to power the world in the medium term, the move to protecting the planet will lift oil’s price and fill OPEC+’s pockets over the coming years. I am short crude oil from a trend-following perspective, but US energy policy is likely to cause the fossil fuel to find a bottom at a higher level over the coming weeks. Follow those trends, they are your only friends. ----- Use the link below to sign up for free early access to articles. Trading advice given in this communication, if any, is based on information taken from trades and statistical services and other sources that we believe are reliable. The author does not guarantee that such information is accurate or complete and it should not be relied upon as such. Trading advice reflects the author’s good faith judgment at a specific time and is subject to change without notice. There is no guarantee that the advice the author provides will result in profitable trades. There is risk of loss in all futures and options trading. Any investment involves substantial risks, including, but not limited to, pricing volatility , inadequate liquidity, and the potential complete loss of principal. This article does not in any way constitute an offer or solicitation of an offer to buy or sell any investment, security, or commodity discussed herein, or any security in any jurisdiction in which such an offer would be unlawful under the securities laws of such jurisdiction.
NYMEX:CL1!Long
by Andy_Hecht
27
ALNOV Novacyt Graham Mullis, Group CEO of Novacyt, commented: “Novacyt is continuing to address COVID-19 testing for both current and future demand. We continue to ensure that innovation is at the centre of our strategy and that our growing portfolio of COVID-19 tests are available to customers in both private and public health settings to expand existing, and support new, partnerships. Throughout the pandemic, NHS testing demand has remained a key priority for the Company and the contract award under the PHE National Microbiology Framework is a testament to our continued commitment. “We believe our long-term strategy also supports the growth of Novacyt post-COVID-19. In particular, our progress and growth potential in the private sector will not only help us maximize the COVID-19 testing opportunity but also ensure we are well placed, with both technologies and partners, for sustainable growth beyond COVID-19. We therefore believe Novacyt is well positioned to continue to build on its business transformation.” This announcement contains inside information for the purposes of Article 7 of Regulation (EU) 596/2014. About Novacyt Group The Novacyt Group is an international diagnostics business generating an increasing portfolio of in vitro and molecular diagnostic tests. Its core strengths lie in diagnostics product development, commercialisation, contract design and manufacturing. The Company's lead business units comprise of Primerdesign and Lab21 Products, supplying an extensive range of high-quality assays and reagents worldwide. The Group directly serves microbiology, haematology and serology markets as do its global partners, which include major corporates.
EURONEXT:ALNOVLong
by wallstreetstocks
CAD falls despite solid retail salesThe Canadian dollar is in negative territory for a fifth straight day. Currently, USD/CAD is trading at 1.2902, up 0.57% on the day. June Retail Sales rebounded nicely, with gains of 4.2% for Headline Retail Sales (4.4% exp.) and 4.7% for Core Retail Sales (4.6% exp.). In May, the headline read was -2.1% and core retail sales at -2.0%. The strong gains are attributable to the easing of Covid restrictions. The US dollar has been on a tear this week, and the Canadian dollar has been in freefall. USD/CAD has jumped 3.1%, its best weekly performance since March. The Canadian dollar has been pummelled by a double whammy of weaker risk appetite and the hawkish FOMC minutes. Investors have been snapping up the safe-haven US dollar, as risk appetite has eroded due to surging infections rates of the delta variant of Covid. This has led to renewed lockdowns and these measures will crimp economic growth and hamper the global recovery. This has led to investors snapping up the safe-haven US dollar, which has enjoyed broad gains this week. The US dollar has done particularly well against minor currencies such as the Canadian, Australian and New Zealand dollars, gaining more than 3% against each one this week. The dollar breezed past the FOMC minutes, as the markets judged the Fed minutes to be hawkish, despite the lack of a timeframe for a tapering. With most members on board for a taper on either side of December, it's clear that a taper is now a question of timing. The minutes stressed that there was no mechanical link between tapering and rate hikes. This message did not faze the markets, as the Fed has said in the past that it does not plan to raise rates before tapering is completed. Despite the Fed's stance, a taper is likely to fuel speculation about a rate hike, so the outlook for the US dollar remains bright. USD/CAD continues to rise and break above resistance lines. The pair faces resistance at 1.3030, followed by 1.3252. Both are monthly resistance levels The next support levels are at 1.2747 and 1.2630
by OANDA
Boxes trading strategy example. $ABNB stock.Continuing my tutorials on boxes trading strategy. This time let's analyze NASDAQ:ABNB stock price movement. Taking all appropriate steps as described in my first lesson: 1. Identifying long-term trend channel. 2. Finding supply and demand zones. 3. Drawing a box inside which price is moving sideways. 4. Buying demand zone bounces. 5. Watching for breakouts. There are some curious details in this stock's price movements. We can see there was an attempt for a breakout from the box on the session opening of July 1st. However, there was not enough volume for the move higher, so the breakout failed. As expected, the stock reversed to go lower in the followind days. Even though this stock is in a falling trend channel, it's very news sensitive stock. For instance, if there are positive news regarding COVID mitigation, we could see a major breakout from the falling trend. ----------------------------------------------------------------------------------------------------------------- Airbnb has been on my radar for a long time now. Personally, I think it's a great long-term investment and I've been buying the stock on it's way down. I believe it will be a great post-COVID play. ----------------------------------------------------------------------------------------------------------------- Disclaimer!!! This is not financial advise.
NASDAQ:ABNBEducation
by AyBe_Invest
Aussie extends losses, job data nextIt has been a rough week for the Australian dollar, which has is down close to 2 per cent this week. AUD/USD is currently trading at 0.7232, down 0.28% on the day. Australia releases key employment data early on Thursday, and the forecast is not encouraging. The economy is expected to have shed 42.5 thousand in July, after a gain of 29.1 thousand in June. The unemployment rate is projected to tick upwards to 5.0%, up from 4.9%. Wage growth data was released today, with Q2 showing a gain of 0.4%, down from 0.6% in the previous two quarters. With much of Australia under lockdown due to the outbreak of the delta variant of Covid, employment numbers could get worse and send the Australian dollar lower. The currency has fallen 1.9% this week and earlier today fell to a 10-month low. Unless the upcoming job numbers are stronger than expected, it could continue to be a rough week for the Australian dollar. The Federal Reserve will host a summit in Jackson Hole next week, and the meeting will be closely watched for any signals regarding a taper, possibly at the December meeting. Fed Chair Powell has taken great pains to telegraph his plans and keep the market in the loop. A tapering of the asset purchase program would be a massive move, and the Fed would make sure to clearly notify the markets of its plans at Jackson Hole or at the September meeting. With investors on the alert for a tapering signal, and an upsurge in Covid sapping confidence in the global recovery, sentiment towards the safe-haven US dollar should remain strong. AUD is testing resistance at 0.7402. Close by, there is resistance at 0.7431. On the downside, 0.7225 is fluid in support. Below, there is support at 0.7103
by OANDA
CEMI Chembio Diagnostics upside potentialChembio Diagnostics' analysts are forecasting revenues of US$54m in 2021, a substantial 56% improvement in sales compared to the last year. CEMI follows its bigger more profitable brother CODX in price action. Depending on the future development of the global pandemic, those stocks could grow rapidly. On 12/3/2020 Craig Hallum brokerage Upgraded the stock from Hold to Buy from $5.00 to $10.00 price target. Because of the offering, I've lowered my price target to 5.5usd. I`m looking forward to read your opinion about CEMI.
CLong
by TopgOptions
Pfizer here we go! Holding while price is green. 🚀🚀🚀Stocks trend. A lot. Much more than Forex. Pfizer is going parabolic while breaking all time high and $50, this could be the start of a big trend, or it might not. Let's look at a few examples starting with Pfizer. Clearly we see how with stocks we can make big multiples of our risk. Like 25R in stocks versus 10R in Forex (for example, reality is probably close to that) Zooming in the little impulses: I don't know how many "casuals" are interested in Pfizer, but it is a word billions of people know. We can look at Tesla & PonziStop: How about another one just to illustrate? So the question is, how to hold on but without giving back all profits? 1 solution is sell half once a stop is reached keep half with a much wider stop. Smooths out the PnL. And this is probably what I'll do. On a longer TF I'd look to add, here this is all a short term play, expecting the stock to go parabolic. I am at exactly 5 times my risk (counting spreads) as of writting this. Hasn't even been 2 weeks yet. Talk about a monster. This risk a monster correction too. Hopefully it warns before.
NYSE:PFELong
by MrRenev
4
AUD/NZD Weekly forecast (coronavirus affect)According to the chart above we can see that trading pair AUD/NZD sitting on the weekly demand zone between the price region 1.0380-1.0440 which is also in the Fibonacci retracement support zone (50.00%-61.8%). If the buyers will enter into the long positions we can expect that the price will again test the supply zone at 1.100 which is also a BRN psychological number. The biggest Australian and New Zealand banks have a less pessimistic outlook for both the Aussie (AUD) and the Kiwi (NZD) - reflected in their AUD to NZD forecasts in 2021. But, they recognise there is a lot of uncertainty from coronavirus and a slowdown in New Zealand will be large, and recovery slow. That's probably why 2021 forecasts for the major banks vary significantly. However, their outlook for the NZD is more negative than positive compared to the AUD. According to ANZ. Coronavirus affect As coronavirus increases volatility in currency markets including the EUR and GBP. Generally, safe-haven currencies like the USD, CHF, and JPY could move higher. However, commodity currencies such as the AUD, NZD, CAD and ZAR exchange rates could fall. This could mean that confidence may be returning for the global economic outlook. However, a faltering recovery from the ongoing threat of coronavirus could continue to create sharp moves in currency crosses like the Australian dollar to New Zealand dollar exchange rate. If we summarize long term AUD/NZD forecast ANZ says it's hard to be upbeat on the NZD and expects the AUD to NZD exchange rate to end 2021 at 1.0753 Westpac expects the AUD to NZD to fall to around 1.1364 by the end of next year NAB predicts the AUD to NZD forecast exchange rates for the end of next year to be 1.0800
Short
by fxmarketanalyst
The Crisis every investor is waiting for. What you gonna do?There are several factors in the market that raise concerns. Each of which could have a huge negative impact on the economy and the stock market. Lets take a look at it to clear our vision. At least that is what I am doing. What factors could that be. Inflation Wage Inflation Money Supply Money circulation Housing bubble China Regulations China Currency Manipulation China Delta Variance of Covid/ The Warren Buffet indicator In this episode I only will throw my thoughts in for a few things The other items will be explained at a later time. I have a lot of other things to do. Trading is 90% research and only of 10% mouse clicking. Inflation . CPI, the consumer price index, and the PPI, the producer price index. Certain stocks do better than other in an inflationary environment. If inflation hits too high consumer spending decreases and hence the demand shrinks and hence the economy starts to stagnate. We can see that the inflation rate is slowing (red), and the y/y rate (blue) is flattening. But we will see next month. This is something to watch out for. Feds might start tapering earlier than next year. Image missing The Producer Price Inde x is at high a level and sitting there. This will only decrease when transportation, sea ports, can keep up with demand and if raw material and commodity costs will decrease. But this can take a while and I expect the PPI staying at this level for a while and hence costs will be past on to the consumer. Hence the Consumer Price Index will follow. Image missing Wage Inflation . We should also take a quick look at the Wages and what they say.We can see that wages increased dramatically since May 2021 There is a shortage of labor. Labor is a commodity as everything else and the price follows supply and demand. But do not kid yourself. A company has to make profit and the labor is part of Cost of Goods sold, COGS. The company MUST increase prices to balance the wages increases. Thus, you wont make anymore money when you have to pay more at the till for what you buy!!! Wages increases mostly never benefit anyone, not the worker and not the company. The company become less competitive and the Worker pays more afterwards. The ONLY method to increase wages is by cutting taxes because taxes are NOT part of COGS and has no negative impact on companies. Just the opposite. With more money in the pocket the consumer starts more spending and that benefits the companies and they will produce more and hire more people. You see? Think about it. Your wage increase is not worth a dime with inflation. And wages increases drive inflation up! Thats why we advocate for smaller government, less regulations and less government spending. Image missing Money Supply , M1, is the amount of Cash circulating the system. It includes the "Free Money" printed by the FEDs given out to people due to Covid. "Stimulus check". The day-to-day money like cash, coins and checking deposits. We can see that since Covid the money made a huge jump and supply still is increasing. There is an enormous amount of cash in the system but does it circulate? Also keep in mind that when people spend money and do not produce the demand increases but the supply decreases. Add to it the sea ports, transportation bottlenecks and the open jobs, and you know why inflation is increasing dramatically. Image missing M1V is the velocity of Money . This is the speed of money in the circulation of the system. The day-to-day money like cash and coins. How many times a Dollar changes hand in a certain time period. A higher circulation rate or money flow indicates a greater economic activity, money is changing hands quicker. A slower rate of velocity indicates a sluggish or declining economy. Interesting to observe is that with Covid the money circulation fell out of the sky. Yes everybody was laid off. But when you take a closer look the change q/q is still negative, which means the circulation of money in the economy is still slowing down even though at a slower rate! This means that with an increase in money supply at hand of people, we will see a decline in spending!! Not good for the economy. Give me the Retail Numbers. Image missing M2 Money Stock includes M1 plus savings deposits, money market securities, mutual funds. This is one way the FEDs trying to keep the cocaine going. They buy MBA (Mortgage Backed Securities) and Bonds from banks in order to create more demand in order to keep bond prices up and the yields down. The 20 year Treasury Bond ETF, TLT from Barclays, i.e. With this the FEDs keep the money in the stock market. The bond prices are going up when the FEDs keep on buying. But with buying Bonds the yield (interests) are going down since you pay more for the fixed interest rate, which means the percentage of return per bond is shrinking because the yield stays the same but the price for the asset rises. It is an inverted relationship to the TBT. Image missing In the M2SL supply we can see that with Covid there was an money injection. After the Covid the money injection accelerated and is increasing fast, more inflation. And we can assume that lot of this money is with the bank. You can walk into any bank and get a personal loan, because money is a liability for the bank, loans generating profits. We can further assume with all the said before that even the banks do not know in what tangible projects to invest. Where is the infrastructure bill going? There is nothing so far. It is all warm air from the Biden administration. Further reading at investopedia dot com Conclusion Inflation is on the rise and will stay. Wages wont go back to before pandemic levels. Costumers also will get use to paying more for some items, like gasoline, energy and transportation, vacation. The Producer inflation for raw material and transportation is also going up and will stay high for a long time. Inflation cannot grow for ever and at such pace. The Feds have to start tapering soon. Then they will firstly reduc3e buying Bonds and MBA, which will drive the yield up. This also will cool the housing bubble a little since the banks are now required to carry the risks they could push to the FEDs by selling them MBAs. Mortgages will be harder to acquire. When the Feds starting to taper, they will reduce the flow of money, which is not yet increasing anyway, as we can see, they will battle inflation. What is your wage increase of 5.5% this year worth when the inflation hits 6%? Nada. You lose money. At the point of tapering the institutions will start moving money out of the stock market due to risks! And they will put it into bond and or Gold. If there is a crises developing that will include China and the Euro Zone they will also start buying US bonds the USD will rise. This conclusion is preliminary. The housing bubble and other indicator will follow. Please be advised, I am not a financial adviser. I am not recommending any trades. I am just a crazy guy with a wild brain. If you want to see the picture to the story, you have to go to hedgingstocks.blogspot dot com
SP:SPXShort
by Option_Crusader
4
Moderna: Can be a good time to buyThe Company will increase the number of participants in the study on the effectiveness of the vaccine on children between 6 months to 12 years old. In previous reports from the end of July, the company announced that 7,000 participants would participate in the study and now it is reported that following the FDA requirement, the company will increase the number of participants in the trial to 13,275. The company’s stock is down 15% in New York. Stock Price Target (Wall Street Journal) High $463.00 Median $271.50 Low $85.00 Average $290.83
NASDAQ:MRNALong
by JohnGoldman1
FULC SendFULC news catalyst popped the stock into the previous gap and right back to testing this clear resistance level that was previous support. After plotting the fib retracement is looks like the 50 Fib line is an area that might need to set up as the higher support level if there's any hope of FULC sustaining higher levels. We'll have to see what happens next. "The company focuses on developing treatments for rare genetic diseases. including sickle cell disease. This week, the company announced key data that has helped drive momentum in the market and push shares of FULC stock higher. Fulcrum announced positive interim results from its ongoing single- and multiple ascending dose (SAD and MAD) Phase 1 trial with FTX-6058. This treatment targets patients with fetal hemoglobin (HbF) with the potential to treat hemoglobinopathies." Quote Source & Read More: Hot Stocks To Watch On Robinhood With Analyst Targets Up To 368%
NASDAQ:FULC
by PennyStocks101
XRP break out to test .87 POC volume XRP has formed a support level at .70 My fixed range volume profile has marked out .87 as the POC (point of control) This .87 range also has a lot of upward volume mobility, the next stop would drive up back to $1. we should take into consideration the dying DXY as fear of the delta variant and another shutdown looms on the horizon. If you zoom out on the monthly TF July and June have formed a double bottom with wicks around .51 to gain liquidity. I do not foresee XRP dropping past another .70-.69 test for SL hunting AS DXY treads at 92 I atincapte the monthly close around 90 or lower in preparation for sept crypto parabolic movement. a SAFE long term buy in for XRP would be around .75+ if not waiting for the .87 (possibly .92 mirror April 2021 levels ) impulse and pull back. Please provide feedback if you agree or disagree and lets see the outcome! my entry presents a 1:4 Risk:reward ratio
BITSTAMP:XRPUSDLong
by chestephens1
2
NRXP | in search for the next MRNA After a perfect touch of the .618 Fib retracement level, now NRXP is ready to aim higher! Get ready for action! My first price target is 35usd. Today NRx was granted Fast Track Designation by the U.S. Food and Drug Administration for ZYESAMI (aviptadil) for the treatment of Critical COVID-19 with respiratory failure! NRx Pharmaceuticals has also a Partnership with the Israel Institute for Biological Research to Complete Development and Commercialization of BriLife COVID Vaccine. NRx Pharmaceuticals has Successful Commercial Formulation for ZYESAMI (aviptadil) and Stockpiling of COVID-19 Medication Subject to Regulatory Approval. ZYESAMI Helps Prevent "Cytokine Storm" in Patients with COVID-19
NASDAQ:NRXPLong
by TopgOptions
CEMI Chembio Diagnostics Earnings August 5thTomorrow Chembio Diagnostics CEMI will Report Second Quarter 2021 Financial Results. Things to consider: $28.3 million purchase order from Bio-Manguinhos for SARS-CoV-2 Antigen tests in Brazil $4 million purchase order from the Partnership for Supply Chain Management (PFSCM), for the purchase of HIV 1/2 STAT-PAK Assay for shipment to Ethiopia those are just some big orders from July, Q3, for which we could se a business update tomorrow at the earnings call. Craig Hallum has a $10.00 price target for it.
CLong
by TopgOptions
2
Whatever WORX Right?WORX stock tested a key FIb level on Wednesday being the 50 fib line after plotting the top anchor at the recent high the first time WORX busted above the 50 fib. Before this latest round of testing, the last time WORX reached this key level it was rejected heavily. A few weeks ago, the company announced that it had regained compliance with the NASDAQ listing requirements. At the same time, it announced that Tim Hannibal, current COO, would become the new CEO. He stated that “over the last 10-15 years, technology within the healthcare industry has evolved both in cost and complexity. Unfortunately, the technology which was implemented within different hospital departments and with disparate objectives has failed to provide the promised advancements.” As a leader in providing software to healthcare institutions, there is a clear benefit that Scworx could gain from the pandemic’s current state and the ending of Covid-19. With all of this in mind, is WORX stock worth keeping an eye on? Quote source and read more: 4 Epicenter Penny Stocks You Need to Know About in 2021
NASDAQ:WORX
by PennyStocks101