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A few setups for the upcoming days

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PayPal (NASDAQ:PYPL) is testing the 4 year uptrend line which is called the fabulous opportunity to buy. It offers the potential for a sharp counter trend rally. Paypal also had some recent news that could be viewed positively for the stock. PayPal and Venmo, the company’s popular consumer payments app, are rolling out a new way to charge for cryptocurrency transactions. I think the risk of continued downside, while obviously present, is a lot less than the possibility of a sharp oversold rally at this point. On Friday we saw some buying pressure for the first time in weeks. Buying stocks at or near their all-time lows, especially ones like this one that has not experienced much of a bounce recently, is a great way to find profitable trades. Plus, based on the extremely oversold readings, a bounce is becoming highly likely.
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Tesla, Inc. (NASDAQ:TSLA) Short-term trend remains neutral as price continues trading sideways inside a large trading range for the past three weeks or so. Once the trading range of $940-$850 is broken on a close basis we will see either a move towards $1000 or $760
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Blackberry (NYSE:BB) I really like this stock, although the price sits at 52-wk lows, I feel it deserves a much higher valuation. Considering how far the stock has fallen, a rebound could mean a big move up for this stock. Keep an eye on it.
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Mullen Automotive Inc (NASDAQ:MULN) I’ve been behind this stock for quite a while now buying dips, but never expected to see a close of 62c on Friday. I love the concept of the cars and the company itself, but man, how can a $15 stock drop to 60c in just 4 months without bad news? Nothing is certain in this market, but the $21M mark cap is insane for a company in this sector with a physical product. I still feel the best days for this stock have yet to come and that when investors finally catch onto this name it will ultimately trade for over $2 a share (at least) IMHO From a technical standpoint, this chart reminds me of XELA a few weeks ago. If the company is unaware of any business reason for the current decline of the Mullen stock price, patience is key for us.
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Nvidia (NASDAQ:NVDA) During the Friday selloff, bulls defended the rising 200 EMA, after a slight breach intraday. This is the key for the bulls and as long as the stock holds above that line the bulls remain in charge.
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Hookipa Pharma Inc (NASDAQ:HOOK) I think there is little doubt this stock will start Tuesday’s session on higher ground. The stock has some impressive momentum going right now and there is really no telling when it will stop. Friday’s high is the level to beat for the bulls.
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Bitcoin price is testing the upper line of the downtrend channel as I write. I would not consider this breakout a failure as long as the stock holds this support area.
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GoHealth Inc (NASDAQ:GOCO) is a candidate to be traded in breakout mode. The technical daily indicators are looking better for the stock with MACD indicator above its sell signal line, %K line on top of %D line and RSI indicator moving up from the 40 level. GOCO is one for the bottom pickers. Keep an eye for a possible breakout over $2.27
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LianBio (NASDAQ:LIAN) has recovered nicely and can potentially set-up very well for a swing-trade if the stock breaks through the resistance level at $5.17 There could be good upside in this trade, so watch LIAN closely on Tuesday.
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Disclaimer : This is not an investment advisory, and should not be used to make investment decisions. Information in AC Investor Blog is often opinionated and should be considered for information purposes only. No stock exchange anywhere has approved or disapproved of the information contained herein. There is no express or implied solicitation to buy or sell securities. The charts provided here are not meant for investment purposes and only serve as technical examples. Don’t consider buying or selling any stock without conducting your own due diligence.

Thanks for visiting AC Investor Blog.

AC


Source: http://ac-investor.blogspot.com/2022/02/a-few-setups-for-upcoming-days.html



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