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While analyzing the weekly chart I found unique boutique has been following into one of my favorite setup and I dug more into the same which lead me to conclude, the rally is likely to continue ahead and the price to scale higher in coming weeks. Sequenom Inc. (SQNM) – Shares of Sequenom Inc. found support at $7.84 on Wednesday and this is a level to watch in the future. The strong support is visible around 130-123 levels. Also, the indicator has crossed above the 0 levels after a good amount of time which is a bullish signal and compliments bullish view on price. The above view holds true until the price does not close below 152 levels. Considering the above price pattern, volumes, and other technical studies, the price has the potential to scale higher in the coming weeks. Considering the above price pattern, volumes, and other technical studies, the price has the potential to scale higher towards the upper boundary of the Descending channel in the medium-term.

 

From the chart attached above it is evident that historically how beautifully price has respected the Channel lines. The stock on the weekly time frame has been in trading in the Parallel descending channel since the inception of the stock price. The Red Box marked focuses on the decline in price with fewer volumes (small volumes bars) whereas, the Green Box marked shows a recovery phase from the lower level which sees an exceptional rise in volumes bars with the price. The First Box (Black) focuses on the sharp decline in price with fewer volumes (small volumes bars) whereas, the second box (Green) marks a recovery phase from the lower level which sees an aggressive rise in volumes bars with the price. This strategy allows you to first sell stocks before owning them. stocks were mixed on Monday as investors eyed the roll-out of the first coronavirus vaccines in the U.S. OTC, OTCBB, Pink Sheets stocks going into January 22, 2010. Topping the list today is Medical Care Technologies Inc. This list shows you which stocks traders and investors consider ” Hot ” which makes for great trading.

 

In the height of the commodity bubble prior to the financial crisis, shares of Suncor were well more than three times higher than today. 0.87 as well as $1.05. The above view holds true until the price does not close below 264 levels. The above view holds true until the price does not close below 259 levels. The price has given breakout from squeeze Bollinger bands which indicates an expansion in volatility to the higher side and supports a bullish view on price. The weekly band attached in the below chart shows how beautifully and accurately price has provided support to the stock when it was in the bull trend. After a good amount of time price has given a breakout from this band and holding above the same which denotes strength and bullish trend in price. Also, the stock is trading above all major Exponential Moving Averages (9,20,50,100,200) which suggests a bullish trend in the stock price in all time frames i.e from short term to medium term. If the decline was genuine then i believe with wide red candles, volumes bars should also be large or above average. Amazon (AMZN) – Shares of AMZN soared back above $1,500 as the company continues to shine.

 

This stock caught an eye when a few weeks back, the stock price witnessed a strong breakout from the consolidation phase with sharp surge in volumes and formation of back to back two wide bullish candles. A few weeks back price registered a decisive breakout from the same with the formation of wide bullish candle and sizeable volumes. The average analyst price target is $167.42. After bouncing off the 10 day moving average on Friday, TXCO is now breaking out. The underperformance continued almost for more than 3 years and now stock popping up some bullish signals. The stock has been under severe pain for the last many months and even years. This stock piqued my curiosity when last week, price witnessed a wide Gap up the opening of about 20% on the back of some positive news flow. From the last more than 2 years stocks have been in a range of 150-170 points i.e 165-330 levels. Having one of her best years in the history of professional money management, ARK Investment Management founder and CEO, Cathie Wood sees 20% returns after ‘unbelievable’ 2020. “Oh, it’s been unbelievable!” said Cathie when asked about what it feels like to achieve such milestone in her career in an interview with Bloomberg.