This week’s stock picks, explained with technical and fundamental reasoning. Always understand the market stocks are trading in and adjust risk based on market and stock health, understanding of trading, and risk tolerance. Remember to read the disclaimer.
NXL – Nexalin technology
While the rest of the market has been going down or trading sideways, this is one of the sideways movers. There is some support on the 10 day average. Let’s see if it holds. Entry target could be $2.50
CRDF – Cardiff Oncology
Had recent earnings with good revenue growth. Chart is showing interesting support around the 10 and 20 day price averages which are growing closer to each other. If it moves flat for some time it could be getting ready for a move higher. Could happen around $6.10.
CZOO – Cazoo group
Broke through the 10 day average, but if it finds support on the 20 day, there could still be life in it.
BITX – 2x Bitcoin strategy ETF
With the recent rise of Bitcoin and its recent stalling phase, there could be a new move as stock markets are behaving choppy. Area around $51 is interesting.
STOK – Stoke therapeutics
Didn’t have great earnings but the chart tells us the market received it well. Also had some target increases. $13.50 area is interesting.
LBPH – Longboard pharmaceuticals
Was a previous leader in price, has stalled and dropped since the end of January, but it’s getting tighter and a break above $20 could predict an interesting move up.
ACB – Aurora Cannabis
Has had a nice increase in price since halfway March. It has stalled before and it’s in another stalling phase on lower volume, which could spell a nice coming move. Let’s watch the $7.00 area.
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