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|Good Morning Psychos! 😈|
– Volatile day yesterday with stocks selling off gradually since open only to bounce violently mid day and clock in a red to green move by main indexes SPY and QQQ.
– Lots of low float penny stocks on the scanner moving on heavy heavy volume.
– Today is Friday going into the weekend. We get CPI next week, and expect it to be come in hot hot as we are going to start seeing the first results of war-induced restrictions and over $100 per barrel gas reflected.
– This week, unlike the last two, runups have been muted and overall chop has been in a downward direction.
GAPPERS & MOVERS
MDVL 32m shares, 8m volume. Gaper from yesterday on new filing showing a 21 million purchase by Ally Bridge Group.
ATER 62m shares, 4.7m volume. Moving on decent volume and options sweeps.
SBFM 7.13m shares, 4m volume. Multiday runner on news that one of its treatment is effective against drug resistant cancers.
BFRI 11m shares, 2m volume. Reported earnings and provided corporate update.
SST 100m shares, 500k volume. Moving on heavy volume, new IPO with very unusual call sweeps.
SEAC 50m shares, 1m volume. Reported results, Revenue up 67% YoY, and signed a major renewal contract with Tier 1 operator.
TSLA CRWD TEAM TGT SST ATER
SPY Main pivot $450. Supports below $448, $446.75, $445. Resistance above $451.75, $454.50, $455.
QQQ Main pivot $355. Supports below $354, $353, $351.60, $350. Resistance above $356.50, $357.50, $359.
TSLA Main pivot $1060. Supports below $1050, $1040, $1025. Resistance above $1070, $1080, $1090, $1100.
TGT Main pivot $231. Supports below $228.30, $222.65. Resistance above $234, $236.50
TEAM Main pivot $285. Supports down $278.40. Resistance above $289, $292.30, $297.
CRWD Main pivot $225. Supports down $222, $218.50, $215. Resistance above $227.50, $230.
UPGRADES & PRICE TARGET INCREASE
CRWD TGT KR ACN STZ
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