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We are still waiting on an agreement for the next stimulus package and virus infections are at all time highs…which feels like the same story for months now.

However, with vaccines beginning their rollout and the holiday season ahead, nothing has been able to stop this market…so far.

And…as I spend every day actively in the markets, there has been no shortage of trade setups showing up in my searches.

Today I’ve scouted out a handful of chart setups that have potential and are worth putting some eyes on.

And I’ll share them with you now, so you can see what I’m finding and learn about how I break a chart down.

 

ViewRay, Inc. (VRAY)

 

ViewRay, Inc. (VRAY) designs, manufactures, and markets radiation therapy systems. The company offers MRIdian, a magnetic resonance image guided radiation therapy system to image and treat cancer patients.

After trending up recently, VRAY formed an ascending triangle over the past month.

Today the stock is breaking out, currently up over 15%.

 

 

Westport Fuel Systems Inc. (WPRT)

 

Westport Fuel Systems Inc. (WPRT) engineers, manufactures, and supplies alternative fuel systems and components for use in transportation applications worldwide.

WPRT has been benefitting from the increased love of everything pertaining to renewable and sustainable energy.

After a big move up in November, the stock consolidated forming a flag pattern.

And today it is testing a breakout of the flag with WPRT currently above the top of the flag and up over 7% on the day.

I will have my eye on this stock this afternoon to see if it can hold the breakout or not.

And if it shows the strength I like to see into the close.

 

 

Ashford Hospitality Trust (AHT)

 

Ashford Hospitality Trust (AHT) is a real estate investment trust (REIT) focused on investing predominantly in upper upscale, full-service hotels.

So this is a stock that can benefit from a vaccine.

I’m looking at AHT again today as it continues its move up off of support at the 50-day moving average.

There has been a lot of options activity in the $5 calls, pointing to a potential move in the stock.

As seen on the chart it has tried to push that $5 mark 3 times in the past month, so the activity around that point is interesting.

And it also offers the next resistance level on the chart.

 

 

Remark Holdings, Inc. (MARK)

 

Remark Holdings, Inc. (MARK) develops and deploys artificial intelligence (AI) products and AI-based solutions for businesses in various industries worldwide.

And today the company announced the release of its edge computing systems, the S and T Series Smart Boxes, AI-based edge computing boxes equipped with NVIDIA’s new generation of high-performance edge computing modules, with a smaller size and lower power requirements.

MARK is in an ascending triangle on the chart…with a try at a breakout today.

At the moment it has fallen back a little, only slightly above the consolidation…

But I’ll keep an eye on it to see how it trades into the close.

 

 

Waitr Holdings Inc. (WTRH)

 

Waitr Holdings Inc. (WTRH) provides online food ordering and delivery services in the United States. Its Waitr Platform and Bite Squad Platform facilitate ordering of food and beverages by diners from restaurant partners for pick-up and delivery through a network of drivers.

As a benefactor of stay-at-home life, the stock has been in a downtrend since reaching a peak in August.

But it found support on the 200-day moving after…testing it twice and then moving up.

Currently WTRH is trading in a stair step pattern, with higher highs and higher lows.

Today the stock broke above the previous high at $4.10…with the next chart highs at $4.60 and $5.21.

 

 

Teligent, Inc. (TLGT)

 

Teligent, Inc. (TLGT) is a specialty generic pharmaceutical company that develops, manufactures, markets, and sells generic topical, branded generic, and generic injectable pharmaceutical products in the United States and Canada.

TLGT broke out of a consolidation range on high volume yesterday…and closed above the 50-day moving average for the first time in 6 months.

Today the stock is continuing its breakout, currently up over 24% with the next chart high at $1.08.

 


 

Today’s Stocks on the Move

CNET +38%

ONCT +26%

RCON +23%

RAVE +18%

FRAN +18%

DS +14%

CIDM +12%

 


 

As always, never trade without a plan…including the setup, profit targets, stop losses, and proper risk management…

And always stick to your plan.

Professional traders don’t make money on every trade…it’s just not possible.

But they do know how to minimize the losses…and that’s key to becoming a good trader.

Author:Jeff Williams

Jeff Williams is a full-time day trader with over 15 years experience. Thousands of entry-level and experienced traders alike – day-traders and swing-trade small cap stock traders – credit Jeff with guiding them to turning small accounts into big accounts.

Jeff’s "Small Account Challenge" shows people how to transform accounts from a few thousand dollars into $25k, $50k or even $100k.

Trading around key levels in stocks is fundamental to making money.

A key level is basically an area on a chart that could have increased or decreased buying or selling pressure.

This can be support and resistance levels, moving averages, gaps, consolidations, etc.

It’s important to focus on areas like this so you aren’t just spitting in the wind.

If you know that resistance is just 2% above, you don’t want to buy going into resistance and potentially get knocked down when the sellers step in…

You would wait for the stock to break the resistance level on increased volume so you can take advantage of an increase in demand as the buyers push the sellers out.

For this reason, I’ve always got my eye on stocks that are picking up momentum around key levels like this.

And you can check out the 4 stocks I’m watching today.

United States Antimony Corp. (UAMY)

United States Antimony Corporation (UAMY) produces and sells antimony, silver, gold, and zeolite products in the United States and Canada.

UAMY has been wedging over the past three months and is beginning to break the upper side of the wedge.

Next chart highs are at .52 and .73.

Oncternal Therapeutics, Inc. (ONCT)

ONCT gapped down to the $3 range in mid November on a secondary offering.

After consolidating in that range, the stock gapped back to $4 finding some support there it’s trading up off that support today.

If it gets the momentum together to roll through yesterday’s high, it could be looking at a move to $6 range.

Ashford Hospitality Trust Inc. (AHT)

Bottoming out and consolidating in the mid 1’s…AHT has been making quick moves into the 5’s before pulling back and doing it again.

Most recently, the stock bounced off the 50-day moving average on Dec. 1 and is picking up momentum trading in the 3’s today…currently up 15%.

Cinedigm Digital Cinema Corp. (CIDM)

Cinedigm Corp. (CIDM) operates as distributor and aggregator of independent movie, television, and other short form content in the United States, Canada, and New Zealand.

CIDM is making a move on expansion and reduced debt.

After gapping up Friday and trading down from there…The stock broke above the high of the gap day this morning but has since pulled back a little.

The resistance level after the previous high is at the 200-day moving average of .94.

I break down the charts every single day in my Stock Profit Pro trading room…so you can learn live.

If you didn’t join up during the last open enrollment period…you’ll have to wait a little longer.

But that doesn’t mean you’ll have to wait to learn the strategy or start receiving alerts you can learn from…

Join Profit Prism Today…and you’ll be on your way to trading like a boss.


Today’s Stocks on the Move

LXRX +101%

BDR +25%

GTE +21%

ARPO +18%

BTU +18%

RGLS +16%

PLG +15%


Don’t waste any more time without a strategy or trading plan…

With Profit Prism, you’ll get my nightly video watchlist with details on the exact levels I’m watching and what will get me into a trade.

You’ll also get my full educational suite to learn everything you need to make this your own, along with trade alerts of trades I take with my own real money.

What are you waiting for?

Join Profit Prism Now

Author:Jeff Williams

Jeff Williams is a full-time day trader with over 15 years experience. Thousands of entry-level and experienced traders alike – day-traders and swing-trade small cap stock traders – credit Jeff with guiding them to turning small accounts into big accounts.

Jeff’s "Small Account Challenge" shows people how to transform accounts from a few thousand dollars into $25k, $50k or even $100k.

 

While EV stocks have taken a hit lately, the rally isn’t over.

Just look at TSLA breaking out to a new all-time high again today.

And where TSLA goes, EV speculation follows.

The latest company to bust out with some big news surrounding EVs is Greenland Technologies (GTEC), which just announced a move into the Electric Industrial Vehicle market.

Up over 75% today, this isn’t the first move they’ve made recently, but it may be the biggest.

And I’m going to walk you through the chart…

Along with a few other chart setups I’m watching in the penny stock land.

Greenland Technologies (GTEC)

Greenland Technologies (GTEC) develops and manufactures transmission products for material handling machineries.

On Nov 10, the company announced they will begin offering an integrated electric drivetrain system that integrates the transmission, driving axle, electric motor and lithium battery power source into a single efficient drivetrain.

And on the announcement, the stock popped from the $2 range to a high of $10 that day.

Since then, the stock has been hitting resistance at mid to high 7’s but making higher lows along the way…leading to the big news out today.

Today, the company announced the launch of a new division focused on the electric industrial vehicle market. The new division also plans to commercialize applications utilizing the Company’s new lithium-based integrated drivetrain system.

Basically they will be utilizing their existing relationships, technologies, experience and infrastructure to take advantage of new opportunities in the industrial vehicle industry.

And the stock is up big today. Currently over 80% with a high of $11.40 getting above the $10 mark from Nov 10.

I’ll be watching how it trades this afternoon…will it close strong or pull back?

If you look at Nov 10, GTEC ripped up that day but closed well below the high of the day.

With that, I’ll keep an eye going into the close…and given the industry and news, certainly this will be on my radar for some time to come.

ENGlobal Corp. (ENG)

I love these setups.

A big move up, followed by a pullback near the breakout point or a major moving average.

In this case ENG found support near the 20-day MA on the pullback.

After a few days of stalling out, ENG caught a bid today…now up nearly 30%.

Jaguar Health, Inc. (JAGX)

After a big move up to end November, JAGX pulled back and is bouncing off support at mid .30 today…currently up almost 20%.

The company is in violation of the Nasdaq listing requirement of a $1 per share minimum bid price…and today, the Nasdaq Listing Council will consider if the Company should have been granted a longer period within which to evidence compliance.

We’ll see how that turns out as the company works to sure up their financial stability and get the stock price back up.

There is resistance at the 200-day MA which is sitting at .45, and above at .54.

Lexicon Pharmaceuticals, Inc. (LXRX)

And for a third stock in a row to be coming off a big pop followed by a big pullback…take a look at LXRX today.

LXRX popped big when 2 drugs in Phase 3 studies achieved their primary endpoints.

Since then, it has pulled back near the original breakout point and found support at the 50-day moving average.

With a potential double bottom at the 50-day around $1.44…LXRX up testing resistance at 1.68.

The 200-day is just above providing resistance at 1.81 as well.

If the stock can make a move, the next chart high is $2.38…the high made when the positive Phase 3 study results were released.

I break down the charts every single day in my Stock Profit Pro trading room…so you can learn live.

If you didn’t join up during the last open enrollment period…you’ll have to wait a little longer.

But that doesn’t mean you’ll have to wait to learn the strategy or start receiving alerts you can learn from…

Join Profit Prism Today…and you’ll be on your way to trading like a boss.


Stocks Making Moves Today

OBLN +137%

ONCT +56%

AQB +23%

TRCH +23%

PLG +23%

UEC +21%


Don’t waste any more time without a strategy or trading plan…

With Profit Prism, you’ll get my nightly video watchlist with details on the exact levels I’m watching and what will get me into a trade.

You’ll also get my full educational suite to learn everything you need to make this your own, along with trade alerts of trades I take with my own real money.

What are you waiting for?

Join Profit Prism Now

 

Author:Jeff Williams

Jeff Williams is a full-time day trader with over 15 years experience. Thousands of entry-level and experienced traders alike – day-traders and swing-trade small cap stock traders – credit Jeff with guiding them to turning small accounts into big accounts.

Jeff’s "Small Account Challenge" shows people how to transform accounts from a few thousand dollars into $25k, $50k or even $100k.