Probably my favorite setup of the bunch for this week. Stock has a very strong support level at $1.11, had a nice bounce off of it on Friday creating a bullish hammer candlestick. This should be a pretty safe play, will look for an entry between $1.10-$1.12
Price Target: $1.18
SFUN just double bottomed at $1.34 on Friday. Pretty good support level here as we had 2 Doji's at this point on Wednesday and Thursday. The Friday candlestick is a little bearish so I will wait for a bounce up off $1.34 as confirmation before entry.
Price Target: $1.43
This one is probably the riskiest of the bunch but also poses the best reward. Stock has a small support level here at $0.51. NVAX does high volume and can make some big swings in its price. If you enter this trade put a tight stop loss at $0.48-$0.49.
Price Target: $0.55
Pretty solid setup here on HOV, has double bottomed at $0.57 and closed Friday on a nice hammer candlestick. This one I would wait on a $0.57-$0.58 entry. $0.60 is too high and leaves you with a greater risk on the trade.
Price Target: $0.63
CLSD has had a nice run up the last couple of days. However, I still feel like there is momentum left in the play. First, our MFI is quite oversold. As you can see historically with CLSD the MFI typically flows with the price. So when its low the price is low and vice versa. On top of this our +DI line has crossed over the -DI line. This tells me that there is more buyers than sellers at the moment. I'll be looking for an entry around $1.40.
Price Target: $1.47
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