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ACMR, BE, FCEL, GNPX, LK, TDOC — Stock Charts to Watch

Charts of the Day video for Tuesday February 18th, 2020

ACM Research, Inc. (ACMR), which we’ve been following, flagged, then went ballistic, going from the high teens to the 50-range. It pulled back and has been coiling for 3-4 weeks, and then on Tuesday, it jumped 2.73, or 7%, to session highs at 42.76, before pulling back and closing at 41.83, on 1.2 million shares traded. It looks like it’s about to make a run and breakout above 43. If it does that, 50 and 53 are the next targets.

Bloom Energy Corporation (BE) ran 1.01, or 9.44%, to 11.71, just pennies off the session high at 11.73, on 4.3 million shares traded on Tuesday. This stock has a beautiful rising channel after October’s V-bottom. It looks to me like it’s five waves up and may be coming into key, overhead resistance in the 13 and15 zones. Those are my targets going forward.

FuelCell Energy, Inc. (FCEL) formed a long base, broke out in early November, popped to resistance, pulled back to test the 50, broke out again, consolidated for 5-6 weeks, and on Tuesday, it popped 38 cents, or 18.27%, to 2.46, just 4 cents off the 2.50 session high, on 44 million shares traded. I think it’s going to reach 4 1/4, 5 1/2, and then 10 dollars in the next few weeks at the most.

Genprex, Inc. (GNPX) has a very powerful-looking chart. It made an explosive move in January, a 5-6 week coil developed in the breakaway gap, it had another sharp run-up, and then an inside day on Tuesday that developed into more upside, gaining 62 cents, or 14.49%, to 4.90, adding another 10 cents taking to 5.00, or 2%, in after hours, with a session high of 5.38, on 24.3 million shares traded. If it gets through 6, I’m looking for 8, 9, and 10.

Luckin Coffee Inc. (LK), after coming down and getting smacked on the coronavirus, it came back up, forming a V-bottom and right-hand extension, and now it’s moving again. Tuesday was an engulfing, bullish day. It ramped up 2.32, or 6.1%, to 40.34, up another 6 cents in after-hours, taking it to 40.40, with a session high of 40.65, on 14.2 million shares traded, and is right at resistance. I’m looking for a retest of 35, and then 51-52 is the target.

Teladoc Health, Inc. (TDOC) climbed another 5.47, or 4.89%, to 117.24, and reached up an additional 36 cents in after-hours to 117.60, with a session and multi-week high of 117.87, on 1.8 million shares traded on Tuesday. That’s the biggest volume in 3-4 weeks. If it goes higher, I’m looking for 130 short term.

Stocks on the long side included ACM Research, Inc. (ACMR), Advanced Micro Devices, Inc. (AMD), Ardelyx, Inc. (ARDX), auph, Anavex Life Sciences Corp. (AVXL), Bloom Energy Corporation (BE), Ballard Power Systems Inc. (BLDP), BioXcel Therapeutics, Inc. (BTAI), CEVA, Inc. (CEVA), FuelCell Energy, Inc. (FCEL), Fulgent Genetics, Inc. (FLGT), Grayscale Bitcoin Trust (BTC) (GBTC), Genprex, Inc. (GNPX), Luckin Coffee Inc. (LK), MoneyGram International, Inc. (MGI), Marinus Pharmaceuticals, Inc. (MRNS), Pan American Silver Corp. (PAAS), Puma Biotechnology, Inc. (PBYI), Plug Power Inc. (PLUG), Rubicon Project, Inc. (RUBI), Sibanye Gold Limited (SBGL), Sea Limited (SE), Sequans Communications S.A. (SQNS), Teladoc Health, Inc. (TDOC), Tesla, Inc. (TSLA), 21Vianet Group, Inc. (VNET), and XPO Logistics, Inc. (XPO).

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