banjo_nz

banjo_nz

I highly suspect that once the IBM has kicked off the spin off IBM GTS to Kyndryl, the SP will confirm the reversal. I feel that Jim Whitehurst has an impact to IBM's future direction by bringing his open source mantra in the executive level, which what made Red Hat very successful. From a technical perspective, MACD and ADX/DI+ are already showing some very...

banjo_nz

It will be a gradual pull back for bitcoin traders, and likely the key factor for taking profit is that they've finally realized that they've already gained significant gains for the past year. You will see more news printed everyday and noises on stocktwits, cheering that it is not the end of the bull run. Always prepare a trading plan during a bear market,...

banjo_nz Updated 

PROGENITY! Lets follow the money. Thesis: Why did Progenity performed an impeccable comeback from the short raid today? Lets pretend that you found PROG the day before the market opened today and you are looking at the candle stick marked with a white arrow. You'll probably looking for a concerete answers on these questions: 1. Is this an overbought...

banjo_nz Updated 

Unfortunately, COVID19 happened and Red Hat was purchased in July of 2019. Hence, the effect of Red Hat to IBM would not be fully realised and would be more gradual over the years. I looked at the techinical play and I found that IBM is still in the downtrend since its peak in 2013 (check weekly charts). In my humble opinion, I really think that if the pandemic...

banjo_nz

I'm not a big fan of this stock but I went in because of the clear triangle pattern emerged from this stock. ADX/DI, MACD, BB are in favorable signals.Thus, I'm going to do a pure TA play with AH exit strategy. The stock can go up between 50% and 70% but I'm only aiming 50% or less depending on the volume. Rumor in StockTwits is that GHSI is planning a...

banjo_nz Updated 

I took a small position on May 20 for $1.02 and it was a big mistake because I did not do my usual technical analysis and basic fundamental checks. I was lucky that I got out with a profit on the last run up on July 13. I placed a $1.20 GTC order because I am located in New Zealand and it will be impossible for me to be on top of my trades. However, the stock...

banjo_nz Updated 

What did I missed that caused the SLRX to slid? Was there an indicator that I should've taken as an exit plan? or is there some indications that I should have taken into consideration as one of my entry criteria? Did I also missed any information I missed prior taking a position? Recap of catalyst: - PDUFA for Seclidemstat in P 1/2 Ewing Sarcoma scheduled on...

banjo_nz

I came across NASDAQ:MGEN on July 06 and decided to take a small 500 shares at $1.03. Followed by another 533 shares at $0.92 on July 21 during pre-market. So, I had a total of 1033 shares with an average price of $0.9776767. When this got filled, it occurred to me that the after hours (AH)trading pattern is a bit bizarre because that was almost 10% difference....

banjo_nz Updated 

Key fundamentals: ATM sale of 41,445,373 ordinary shares at an average price of .91686c with Fidelity Management & Research Company, LLC on May 29, 2020. Stock skyrocketed from .73c to $1.19 reported an EPS beat 0.04 for period ending Dec, 2019 in March 12, 2020. reported another EPS beat by 6.85% in May 11, 2020. Current Float of 99.11M. 23%...

banjo_nz Updated 

Key Fundamentals: Float: 166.98M (Very high float) 3.4% Institutional ownership but there's a lot of big boys bought some small amount of shares that you can find in fintel.io Sale of 27,662,518 shares at the market price of $0.3615 on January 3, 2020 Feb. 4, BIO presentation was received well and sky rocketed from $.3615 upto $0.7 range. Pump and...

banjo_nz

NASDAQ:CRIS DISCLOSURE: II've been a long follower of CURIS since two years ago and experienced an abysmal loss last year because I got married with this stock. LOL. Key fundamentals: $17.5 million shares offering at $1.24 on June 12, 2020. FDA clearance of IND application for CI-8993 on June 10, 2020 and the stock sky rocketed from .86c to $3.86 range...

banjo_nz Updated 

(NOTE: Use daily chart then move to weekly to see my thesis) NASDAQ:SLRX There is a strong sense of optimism for SLRX because of the PDUFA for Seclidemstat in P 1/2 Ewing Sarcoma trial this June 17, 2020. Most small bios like SLRX are typically driven by these types of updates, but it comes with a high risks that it may turn out it is not a good results. So,...

banjo_nz

Few things i noticed: Volume is thinning out MACD is curling ADX higher highs is lower than the former and heading downwards. DI+ crossed over ADX. However, StochRSI says its oversold Fundamentally it is driven by the following reasons: Has COVID19 Drug candidate. Low FLOAT: 9.8M shares. Based from these indicators, I suspect that the best...

banjo_nz Updated 

Still indicates that the current trend will persist and may bounce on the trend-line I've drawn based on the weekly charts. The StochRSI is notably showing some weakness and including the MACD, ADX and DI. In the weekly chart it appears that there is a channel forming.

banjo_nz

Technical Analysis: It is currently consolidating according to MACD and BB then StochRSI is heading towards oversold area which could be an early indication that there will be a RSI/StochRSI oversold play near-term. ADX is shifting its direction, but DI+ and DI- crossover that underpins that StochRSI play. I might take a small position once the StochRSI has...