June 30 (Monday)
This StockWatch consists of a list of 9 companies that I believe have the potential to do well this week.
It is essential I make this clear: Not all these companies are going to go up nor are they likely to.
Rather, I dilineate that these companies have the potential to do well if and only if certain conditions occur.
StockTalk is not responsible for any loss or mistakes made by an investor. However StockTalk would love your feedback and help on how to better improve this.
The New Picks
These are the new stocks to watch out for tomorrow and the following days.
Ballard Power Systems
BLDP seems to have been in a process of consolidation on Monday after a sudden spike in the morning.
A gap up or break past the high may make BLDP a good choice in the coming days.
Blink Charging Company
BLNK had a good monday, reaching a high at around $4.54.
The upswing at the end of the market offers potential for BLNK to do well this week granted that BLNK breaks the set line of resistance.
Can Fite Biopharma
CANF seems to show a quick ascending triangle throughout monday.
A breakout past resistance would lead to significant growth.
IDEX seems to be in a period of consolidation.
Watch out for a break past resistance or a sudden gap up.
MDCA seemed to have gapped up then started a slow downtrend.
However, the consolidation towards the close of the market followed by a small uptrend may make MDCA promising. Be on the lookout for a gap up or a suddent uptrend in premarket hours.
PCRX seems to also have had a massive gap up over the weekends. However, most of the day was consolidation.
Nevertheless, support and resistance lines can be clearly seen and a breakthrough resistance can be something to look for.
Puhui Wealth Investment
PHCF has been in a long term uptrend since June 26.
Riding this uptrend might be beneficial for the week. Watchout for the price falling below support.
PLUG had a great Monday quickly jumping up 19%.
However, the majority of the day consisted of consolidation and the creation of support and resistance lines. A breakout past resistance would be a good trade.
Rite Aid Corp
Rite Aid had a pretty "RAD" Monday (I am sorry). Just like PLUG, RAD quickly jumped in the opening hours and then consolidated.
The end of the day seemed to be approaching resistance. This may indicate that movement may occur in the early morning.
SOLO seems to be in an uptrend starting Monday morning.
Riding this uptrend may not be a bad idea. However, currently the market closed close to resistance. This means you might be able to take advantage of a breakthrough past resistance, or it may be a better idea to wait until
SOLO comes down to support in order to get confirmation of the continual of the trend.
XERS seems to also have an uptrend starting yesterday.
Tomorrow may not be the best day to buy this as the trend is still new, however if this trend continues for a few hours then it may be a good choice.