AWE, CDE, GBTC, JMIA, SLCA -- Stock Charts to Watch

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AWE, CDE, GBTC, JMIA, SLCA -- Stock Charts to Watch

Charts of the Day video for Wednesday December 16th, 2020

Aspira Women's Health Inc. (AWH) popped to a double top after consolidating for several weeks in a flag formation with, with a breakout on Wednesday of 49 cents, or 10.12%, to 5.33, with a session high of 5.47. It looks to me like this stock is headed higher. Targets going forward are 6.50 an 7.25.

Coeur Mining, Inc. (CDE), as gold and silver stocks are looking good, came through a 4-5 month consolidation zone, and on Wednesday it popped 1.17, or 12.84%, to 10.28, with a session high of 10.35, on 9.5 million shares traded, and 24 cents to 10.52 in after-hours. That’s the biggest volume on an up-day since August. I think that is key enough to get back on volume on a breakout day. I am now looking for a mid-channel target to 12, and a channel target of 16.50.

Grayscale Bitcoin Trust (BTC) (GBTC) made a big move on Wednesday, jumping 2.56, or 11%, to 25.81, with a session high of 26.04, on 18.5 million shares traded. It has gone from under 20 to 26 in three day just this week. There is some resistance up in that zone going back to 2018. Should it get through there, this stock may very well get into the mid-30’s. Wouldn’t that be something. Momentum is strong. The next target is 29, and then maybe 33.

Jumia Technologies AG (JMIA) on Wednesday moved up 3.00, or 27%, to 39.29, with a session high of 41.00, on 18.4 million shares traded, and 40 cents to 39.70 in after-hours. This stock is really looking impressive. I think it formed a sudden bull coil, and the pattern is very similar to BLNK, which had an explosive move, a pullback, a kind of platform, and then a wedge pattern. JMIA had the same thing, but even a little stronger. I think it is headed to 50, and it may go higher than that.

U.S. Silica Holdings, Inc. (SLCA) swing trade is doing very well. It popped, pulled back to 4.28 to Wednesday’s session high at 8.32, nearly doubling, with a move up of 1.58, or 24.8%, to 7.95, on 4.5 million shares traded. It is at resistance near the top of the channel. I am thinking it may pullback and consolidate here. It has a very good momentum trend.

On the long side, stocks included Aclaris Therapeutics, Inc. (ACRS), ProShares Ultra Silver (AGQ), Amyris, Inc. (AMRS), Aspira Women's Health Inc. (AWH), Blink Charging Co. (BLNK), Coeur Mining, Inc. (CDE), CIIG Merger Corp. (CIIC), CIIG Merger Corp. (CIICW), DraftKings Inc. (DKNG), Grayscale Ethereum Trust (ETH) (ETHE), fuboTV Inc. (FUBO), Grayscale Bitcoin Trust (BTC) (GBTC), GrowGeneration Corp. (GRWG), Hennessy Capital Acquisition Corp. IV (HCAC), Jumia Technologies AG (JMIA), Marathon Patent Group, Inc. (MARA), MiMedx Group, Inc. (MDXG), MannKind Corporation (MNKD), MP Materials Corp. (MP), Perion Network Ltd. (PERI), Radius Health, Inc. (RDUS), Riot Blockchain, Inc. (RIOT), U.S. Silica Holdings, Inc. (SLCA), Utz Brands, Inc. (UTZ), Veru Inc. (VERU), and Vuzix Corporation (VUZI).