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Here are our top investing ideas today. And Bullseye dropping soon — get in there! Be the best prepared trader on the Street!
FOCUS LIST🔎
WISA – Up over 100% in pre-market after announcing a global HDTV brand has obtained a 5 year license for its audio tech
RDHL – Up over 15% in pre after announcing new, non-dilutive external funding of Covid 19 Phase 2 study
MARA – Up over 12% in pre, after Bitcoin breaks $42k
SPOTLIGHT💡
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HOTLIST🔥
WISA – Up over 100% in pre-market after announcing a global HDTV brand has obtained a 5 year license for its audio tech
WiSA Technologies (WISA) develops, manufactures, and sells audio wireless technology for smart devices and next-generation home entertainment systems in the United States and Europe.
Early this morning, the company announced that a major brand had secured a 5-year license from WISA, its first licensee of WISA E software. The licensee is a global brand with over 10 million HDTV’s sold annually. The 5-year license allows the licensee to implement WiSA E wireless immersive audio transmitter technology in any or all the member’s HDTV platforms.
WISA traded up over 100% in the pre-market after the news.
$0.2050 acted as a support level in the pre-market and will be an important level to watch.
Above it, targets to the upside are at $0.22, $0.24, $0.26, $0.28 and then the pre-market high $0.3368. Beyond that, $0.40 and $0.50 come into play.
Below $0.2050 there is a gap to fill at $0.1435.
RDHL – Up over 15% in pre after announcing new, non-dilutive external funding of Covid 19 Phase 2 study
RedHill Biopharma (RDHL) is a specialty biopharmaceutical company, primarily focused on gastrointestinal and infectious diseases.
This morning the company announced that it had receiving new non-dilutive external funding of its entire RHB-107 COVID-19 300-patient Phase 2 study. This is $4.8million in additional funding for early COVID-19 outpatient treatment.
The stock has been in play after the company announced last week that it had received from the FDA 5 year US Market exclusivity for Talicia with IP protection running to 2034.
The stock traded up over 15% this morning after news of the non-dilutive funding.
The $1.70 area was a prior support area and important level to watch. Above it, targets to the upside are $2 and then the pre-market high at $2.10. Beyond that, $2.20, $2.50 and $2.80 come into play.
Below $1.70, there is a gap to fill at $1.66 and potential support at $1.20 below that.
MARA – Up over 12% in pre, after Bitcoin breaks $42k
Marathon Digital Holdings (MARA) operates as a digital asset technology company that mines digital assets with a focus on the blockchain ecosystem and the generation of digital assets in United States.
Over the weekend, Bitcoin has broken out higher, trading above $42k this morning. Bitcoin related stocks are gapping higher in sympathy with COIN up 6%, RIOT up 10% and MARA up around 12% so far this morning.
$16 was a prior resistance level and is the first target for bulls.
Above it, targets to the upside are at $16.50, $17 and $18.
Below $16, there is potential support at $15.50, $15, $14 and a gap to fill at $13.70.
POLL: Your vote matters!
MARKET NEWS
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