BLNK, FMCI, GRPN, LI, RKT, SHLL, XPO -- Stock Charts to Watch

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BLNK, FMCI, GRPN, LI, RKT, SHLL, XPO -- Stock Charts to Watch

Charts of the Day video for Sunday August 23rd, 2020

Blink Charging Co. (BLNK) had a nice reversal day on Monday after the disastrous week it had last week. It came down to test support at around 6.51, and the reversal took it to the session high of 8.17, gaining 1.27, or 19%, to 8.07, on 13.6 million shares traded, and another 15 cents in after-hours. This was the best up-volume day in six sessions. It could be that it will reverse and then go back up. If it does make it, the target is 10 dollars.

Forum Merger II Corporation (FMCI) had a nice move on Monday with a big engulfing reversal bar, taking it from 15.70 to a session high of 18.36, closing up 2.11, or 13.2%, to 18.09, on 2.5 million shares traded. I think it has a really good shot now. Look for a retest of the highs or better that comes in at 20 even. That’s my new target.

Groupon, Inc. (GRPN) popped on Monday out of a 3-day flag or mini coil and broke out. It jumped 4.54, or 16%, to 32.58, with a session high of 33.42, on 6.7 million shares traded, and in after-hours it was up another 38 cents. The next target has to be a test of the 35.80 area, followed by 41.

Li Auto Inc. (LI) popped and exploded with a breakaway gap on Monday, and moved up 2.07, or 14%, to 17.09, with a session high of 17.20, on 19.3 million shares traded, and an additional 84 cents in after-hours. That was the second biggest volume on an up-day on a breakout day. This stock could advance to the high teens.

Rocket Companies, Inc. (RKT) has been phenomenal and has been up five days in a row, taking it from 19 to over 30 on Monday. It exploded 3.22 or 12.4%, to 29.11, with a session high of 29.96, on 40.3 million shares traded and another 1.69 in after-hours, taking it to 30.74. If it breaks out of the double-top, we may see 33 and then 35.

Tortoise Acquisition Corp. (SHLL) also had a beautiful day on Monday, gaining 10.09, or 33.7%, to 40.00, with a session high of 21.2 million shares traded, with a gain of 2.00 in after-hours. If it makes a move it may follow-through, but its overbought short term.

XPO Logistics, Inc. (XPO) is just underneath resistance and about to explode in my mind. On Monday it gained 1.48, or 2%, to 86.02, with a session high of 86.80, on nearly a million shares traded. If it does get through resistance, the next target is 99.

On the long side, stocks included Arlo Technologies, Inc. (ARLO), Blink Charging Co. (BLNK), Inc. (CARS), Forum Merger II Corporation (FMCI), Groupon, Inc. (GRPN), Kamada Ltd. (KMDA), Landcadia Holdings II, Inc. (LCA), Li Auto Inc. (LI), NIO Inc. (NIO), Nano-X Imaging Ltd. (NNOX), Rocket Companies, Inc. (RKT), Tortoise Acquisition Corp. (SHLL), Synchronoss Technologies, Inc. (SNCR), XPO Logistics, Inc. (XPO), and XpresSpa Group, Inc. (XSPA).