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ADIL, MRIN, MTLS, UXIN — Stock Charts to Watch

Charts of the Day video for Wednesday December 19th, 2018


Adial Pharmaceuticals, Inc. (ADIL) has gotten ripped, it pulled back for about seven days, exploded, pulled back for three days, formed a falling wedge, and on Wednesday on a breakaway gap, it popped 69 cents, or 23%, to 3.64, on 10.4 million shares. This is the second time it gapped in a week. Key resistance is at about 4.30-4.35, and if it gets through that, we might see something more significant. I’ll let you know.

Marin Software Incorporated (MRIN) is one of the best day trades we’ve had in a long time. It was absolutely stellar on Wednesday when everything else seemed to be taking a plunge, jumping 2.93, or 79%, to 6.65, on 29.8 million shares, reaching as high as 7.84, before pulling back at the end of the day. It may get a follow-through in the 9-10 zone, maybe even more.

Materialise NV (MTLS) is another great acting stock. When everything else seemed to be plunging on Wednesday, this stock ripped at the end of the session, closing up 1.49, or 8%, to 20.00, on 575,256 shares traded. The next target is 23, even in this market.

Uxin Limited (UXIN) exploded 1.26, or 15%, to 9.55, on 11 million shares on Wednesday. It ran up to resistance, and nearly reached the 10.49 IP0 day, reaching a 9.87 high. It’s not quite there yet, but if it continues like it has been, in a market like this, it has the potential to get there.

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