Home » Stock Picks: CARA, ETSY, IQ, TLRY

Stock Picks: CARA, ETSY, IQ, TLRY

by 100IQ Win The Knowledge

Cara Therapeutics (NASDAQ:)), one of our old favorites, needs to ramp up again. You can see the base pattern, the wedge, a breakaway gap, another wedge, a big wedge, a breakout, of late we’ve seen a little bit of a consolidation, and then on Thursday it popped 59 cents, or 3%, to 21.44, on 1.1 million shares. It can probably get up to 24, and then 28.

  • Etsy (NASDAQ:) formed a triple top, and then a semi-wedge if it breaks out. It was up 1.38, or 3%, to 50.55, on 3 million shares on Thursday. This stock could be a 59-60 dollar stock pretty quickly, and a short-term swing as well.
  • iQIYI (NASDAQ:) came down in a 3-wave corrective, and then popped 1.70, or 6%, to 30.29, on 20 million shares on wave 4. Wave 5 was truncated, and is right-handed extended. Look for it to get to 32 1/2. If it gets through that, the near-term target is 38.
  • Tilray (NASDAQ:) is an amazing chart. It has gone from the 22-range all the way up to 127 on Thursday, closing up 14.81, or 14%, to 119.76, on 21 million shares. Did it reach the top? I can’t say for sure until it breaks down to 98. That would confirm it. Any move under 98 is a stopping point. If it continues to ramp up, I’m looking for about 150. I don’t believe it’s going there, but remember what they say, “the trend is your friend.”

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

Source link

You may also like

Leave a Comment