Chart Alert – Jun 20, 2022
DNMR – Danimer Scientific, Inc.
@ 4.09
FORG – ForgeRock Inc.
This one is going against my usual keys to watch for in a chart, but something about how this one bounces and broke out in the past, following the chart rules with the bollinger bands as its being traded by chart traders only.
MACD jsut crossed over the zero line, bullish indication, RSI is just shy of its overbought, which in many cases becomes a bullish indication and Acc/Dist is climbing up, signaling that there is eye balls on this chart.
The volume increase confirms that, now we need to see if it will climb the top bollinger band as it has in the past with success.
@ 19.27
LLAP – Terran Orbital Corporation
@ 5.34
NVTA – Invitae Corp.
Someone has this chart on their radars as the volume spike we saw today set of some scanners.
Acc/Dist is rock bottom, with RSI and MACD both in a pre bullish formation. A simple move to test the first level of resistance at the 20MA (Green Dotted Line) would be an impressive trade.
Watch close.
@ 2.23
SGFY – Signify Health Inc.
@ 13.00
IMGN – ImmunoGen, Inc.
Three red soldiers followed by a broken three white soldiers formations. What I love about this chart is how it punched through the 20MA like a rock and closed above it.
MACD is now giving us a clear bullish signal with Acc/ Dist showing influx of buying, hence the increase in volume.
RSI is pre bullish as this funky chart that has a tendancy to breakout sets up for a possible uptrend, but this time, the bollinger bands are in a tighter formation, we could see a multi day move here.
Watch close.
@ 3.71
MRSN – Mersana Therapeutics, Inc.
This chart is at its testing point, either make it or break it.
Look how it punched through the 20MA (Green dotted Line) and the 50MA (Blue line) pushing the upper bollinger band (green line) all in one day.
That is impressive and its indicators are showing us that this breakout is about to happen. Next level of resistance is around 4 bucks and then the $5 which could be a challenge for a possible Golden Cross in the coming weeks.
@ 3.70
Nice chart that has a history of making multi day moves with clear entry and exit marks.
RSI is very bullish, MACD is under zero line, and acc/dist is low, with price now testing the 20MA (Green dotted line), once it gets over this point we could see it take on the 50MA Blue line and possible breakout.
Watch close.