Harry Boxer's Charts of the Day stock chart videos are available nightly to members of TheTechTrader. Members please login and see Charts of the Day in the "Videos" menu dropdown.
Bilibili Inc. (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.
Canadian Solar Inc. (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.
Eldorado Gold Corporation (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.
Gaming and Leisure Properties, Inc. (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.
Nano Dimension Ltd. (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.
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 included ProShares Ultra Silver (AGQ), VelocityShares 3x Long Silver ETN Linked to the S&P GSCI Silver Index ER (USLV), Bilibili Inc. (BILI), Canopy Growth Corporation (CGC), Co-Diagnostics, Inc. (CODX), Ceragon Networks Ltd. (CRNT), Canadian Solar Inc. (CSIQ), Dynatrace, Inc. (DT), Dynavax Technologies Corporation (DVAX), Dycom Industries, Inc. (DY), Eldorado Gold Corporation (EGO), Eldorado Resorts, Inc. (ERI), Everi Holdings Inc. (EVRI), Fastly, Inc. (FSLY), Fiverr International Ltd. (FVRR), Gaming and Leisure Properties, Inc. (GLPI), HUYA Inc. (HUYA), Marinus Pharmaceuticals, Inc. (MRNS), Nano Dimension Ltd. (NNDM), Intellia Therapeutics, Inc. (NTLA), Overstock.com, Inc. (OSTK), Pan American Silver Corp. (PAAS), Penn National Gaming, Inc. (PENN), Purple Innovation, Inc. (PRPL), Schrodinger, Inc. (SDGR), Sientra, Inc. (SIEN), and Vaxart, Inc. (VXRT).