ANGO, BLNK, IPOB, NIO, SHLL -- Stock Charts to Watch

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ANGO, BLNK, IPOB, NIO, SHLL -- Stock Charts to Watch

Charts of the Day video for Tuesday September 29th, 2020

AngioDynamics, Inc. (ANGO) popped out with big volume on Tuesday, and jumped 2.07, or 19.4%, to 12.74, with a session high of 12.86, on 2 million shares traded. That is huge volume for ANGO. It had a massive 5-wave decline, a retest, formed a base pattern, and then broke out on Tuesday. I would look for an extension to 14, and eventually to 17.

Blink Charging Co. (BLNK) is looking good, reversing on Tuesday from 8.53 to 10.23, with a move up of 85 cents, or 9.3%, to 9.99, with a session high of 10.23, on 9 million shares traded. Now, it’s at resistance. If it can get above the 10.25 range, targets are 12 1/2 and 14.

Social Capital Hedosophia Holdings Corp. II (IPOB) broke out of a wedge on Tuesday and exploded 2.03, or 12%, to 18.75, going from a low of 17.16 to a session high of 19.40, on 4.7 million shares traded. It traded in the upper range and closed there. I think this stock can extend to the low 20’s.

NIO Inc. (NIO) also popped out of a coil on Tuesday, jumping 2.04, or 11%, to 20.85, going from a low of 18.71 to a session high of 21.12, on 162 million shares traded. It had a really nice close, the highest we’ve seen. I’m looking for 25, and eventually 33-35 in the next few weeks.

Tortoise Acquisition Corp. (SHLL) ran up 5.51, or 11 1/2%, to 53.51, with a session high of 53.52, on 6.4 million shares traded on Tuesday. After taking a hard dip to 50 and reversal bar, it moved up steadily for three days and closed right at resistance from the prior high. If it gets through here, it should blow through the 58 range, and then run into the mid-60’s.

On the long side, stocks included American Superconductor Corporation (AMSC), AngioDynamics, Inc. (ANGO), BioLife Solutions, Inc. (BLFS), Blink Charging Co. (BLNK), Beyond Meat, Inc. (BYND), CymaBay Therapeutics, Inc. (CBAY), Celldex Therapeutics, Inc. (CLDX), Cardiff Oncology, Inc. (CRDF), Digimarc Corporation (DMRC), GrowGeneration Corp. (GRWG), InflaRx N.V. (IFRX), Immunic, Inc. (IMUX), Social Capital Hedosophia Holdings Corp. II (IPOB), Kaleido Biosciences, Inc. (KLDO), Kandi Technologies Group, Inc. (KNDI), Seres Therapeutics, Inc. (MCRB), NIO Inc. (NIO), Impinj, Inc. (PI), Pacific Biosciences of California, Inc. (PACB), Pacific Ethanol, Inc. (PEIX), Tortoise Acquisition Corp. (SHLL), Sorrento Therapeutics, Inc. (SRNE), Veoneer, Inc. (VNE), and Zillow Group, Inc. (Z).