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6 Stock Charts to Watch: BILI, CSIQ, EGO, GLPI, NNDM, PAAS

Published 05/19/2020, 11:51 PM
Updated 07/09/2023, 06:31 AM

1. Bilibili Inc. (NASDAQ:BILI), a Chinese-style Youtube, with an explosive engulfing bar and V-bottom, on Tuesday jumped 1.56, or 4.63%, to 35.22, with a session and all-time high of 36.26, on 14.8 million shares traded. It doesn’t look like it’s done yet. At the top of the long-term channel, and the way I’ve drawn it, showing the angle of ascent, I think the next move is to the mid 40’s.

3. Canadian Solar Inc. (NASDAQ:CSIQ) broke out to a quadruple top with a gap on Tuesday, popping 1.29, or 7.17%, to 19.27, with a high of 19.45, on 1.2 million shares traded. It may try to run through the 19.45 level, and as long as this stock is in play, I have targets of 22 and 25.

3. Eldorado Gold Corporation (NYSE:EGO) may have broken out of a flag on Tuesday with a pop of 73 cents, or 8.29%, to 9.54, with a session high of 9.62, on 3.9 million shares traded and another 7 cents in after-hours. I’m looking for more. Targets are 11 and 13.

4. Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) formed a beautiful implosion/explosion coil breakout on Tuesday, with a move up of 1.39, or 4.66%, to 31.14, with a high of 31.44, on 3.4 million shares traded. I have a target now of 36.

5. Nano Dimension Ltd. (NASDAQ:NNDM), in the printed electronic industry, had a monster day on Tuesday, exploding 2.63, or 342%, to 3.40, after reaching a midday session high of 3.94, on 309.3 million shares traded, and another 1.03 to 4.43 in after-hours. With a move like that, I wouldn’t be surprised to see this stock have a follow-through day on Wednesday to get up to 4 3/4.

6. Pan American Silver Corp. (PAAS) was strong on Tuesday, and this stock ran 1.90, or 7.6%, to 26.90, with a multi-week and session high of 27.11, on 5.5 million shares traded. Nearing the fifth-wave pop of the channel, it still has strong momentum. I’m now looking for 32-33 next.

Stocks on the long side

ProShares Ultra Silver (AGQ), VelocityShares 3x Long Silver ETN Linked to the S&P (NYSE:SPY) GSCI Silver Index ER (USLV), Bilibili Inc. (BILI), Canopy Growth Corporation (NYSE:CGC), Co-Diagnostics, Inc. (NASDAQ:CODX), Ceragon Networks Ltd. (NASDAQ:CRNT), Canadian Solar Inc. (CSIQ), Dynatrace, Inc. (DT), Dynavax (NASDAQ:DVAX) Technologies Corporation (DVAX), Dycom Industries, Inc. (NYSE:DY), Eldorado Gold Corporation (EGO), Eldorado Resorts, Inc. (NASDAQ:ERI), Everi Holdings Inc. (NYSE:EVRI), Fastly, Inc. (NYSE:FSLY), Fiverr International Ltd. (NYSE:FVRR), Gaming and Leisure Properties, Inc. (GLPI), HUYA Inc. (HUYA), Marinus (NASDAQ:MRNS) Pharmaceuticals, Inc. (MRNS), Nano Dimension Ltd. (NNDM), Intellia Therapeutics, Inc. (NASDAQ:NTLA), Overstock.com, Inc. (NASDAQ:OSTK), Pan American Silver Corp. (PAAS), Penn National Gaming, Inc. (NASDAQ:PENN), Purple Innovation, Inc. (NASDAQ:PRPL), Schrodinger, Inc. (NASDAQ:SDGR), Sientra, Inc. (NASDAQ:SIEN), and Vaxart, Inc. (NASDAQ:VXRT).

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