Bottom setups to watch next week
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Last week when the stock ShiftPixy Inc (NASDAQ:PIXY) was making new lows, no one was talking about it. I had the stock featured on my Twitter as a bottom play several times at a time when there was very light volume and no interest, but I bet anyone who listened to my bottom call last week is very happy this weekend. The stock was at $12 and on Friday the stock hit a high of $39.50. Congratulations to those of you who took a chance on this bottom play.
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Another potential bottom play. Treasure Global Inc (NASDAQ:TGL) The stock price is showing signs of a potential reversal trend. We have witnessed a dry up in volume as its basing, which could mean that traders are slowly waking up to this fact. The stock hit a high of $19.80 on its first trading day, which is a huge catalyst for an amazing bounce from current levels. A breakout above $3.15 would constitute a technical entry for the short term trader looking for a quick trade.
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The short-term bottom looks to be in and the risk of more bloodshed is a lot lower than it was weeks or even days ago. Keep Magic Empire Global Ltd (NASDAQ:MEGL) on your radar, as we could be in for a real surprise if momentum picks up and the stock begins to breakout.
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SuperCom Ltd. Ordinary Shares (NASDAQ:SPCB) is in the process of bottoming and I expect a pop above $.45 at some point in the coming days. From a technical standpoint, the daily technical indicator MACD is still moving upwards after the bullish crossovers and the AD continues to show VERY strong accumulation. A sustained break of $.45 should bring the stock to a test of the March highs in the $.85 area
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Quhuo Ltd - ADR (NASDAQ:QH) is a stock that has been basing for a while here and technically is due for a breakout. Looking at the chart above we can see a strong support and buyers coming in around the 2.62-2.67 area
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Sharplink Gaming Ltd (NASDAQ:SBET) had a strong bullish candle in the last trading session with high volumes. The next key resistance lies at 1.40. If a breakout happens we can see a target of 2
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Motorsport Games Inc (NASDAQ:MSGM) may finally be ready to break higher after a strong close on Friday. Looking at the chart, technical indicators are flashing bullish signals
Disclaimer : This is not an investment advisory, and should not be used to make investment decisions. Information in AC Investor Blog is often opinionated and should be considered for information purposes only. No stock exchange anywhere has approved or disapproved of the information contained herein. There is no express or implied solicitation to buy or sell securities. The charts provided here are not meant for investment purposes and only serve as technical examples. Don't consider buying or selling any stock without conducting your own due diligence.
Thanks for visiting AC Investor Blog.
AC
Thanks for visiting AC Investor Blog.
AC
Labels: MEGL, MSGM, PIXY, QH, SBET, SPCB, TGL
