CGC, DADA, SURF, TWTR, WIMI -- Stock Charts to Watch

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CGC, DADA, SURF, TWTR, WIMI -- Stock Charts to Watch

Charts of the Day video for Monday October 12th, 2020

Canopy Growth Corporation (CGC) in the marijuana also with a V-bottom and platform that has lasted months now, surged in the last week from under 14.00 to 20.00 and took out minor resistance on Monday. It moved up 1.54, or 8.5%, to 19.61, with a session high of 20.13, on 14.4 million shares traded. Any move above here, and this stock could accelerate 22 and 24. Those are my targets.

Dada Nexus Limited (DADA), after an IPO in June, took it from 14.00, and change, to the 30’s, pulled back, made a 4-wave corrective move, formed a wedge or coil, broke out on Friday and again on Monday, and jumped 3.71, or 12.5%, to 33.40, with a session high of 34.33, on 2.7 million shares traded. You can see that the post-IPO highs are right here. If it gets through that, we are looking at 40 and 42 as the targets going forward.

Surface Oncology, Inc. (SURF) had a huge day on Monday, exploding from a 7.08 low to the session high at 9.94, closing up 2.28, or 32%, to 9.39, on 8.5 million shares traded. That is the biggest volume since the spike in May, and it beat my swing-trade target around 10.00. Going forward, the next target is 13.

Twitter, Inc. (TWTR) is acting well, and on Monday it popped 2.35, or 5%, to 48.26, with a session high of 48.65, on 23 million shares traded. That is the best volume in a couple of weeks. It looks to me like it wants to extend. My target is 51, and then 58.

WiMi Hologram Cloud Inc. (WIMI) had another big day on Monday. It exploded in July, came down in 5 waves, formed a falling wedge, and Monday was the breakout day. It ran up 1.78, or 33.7%, to 7.06, with a session high of 8.20, on 66.2 million shares traded, and moved up in after-hours another 19 cents to 7.25. I am looking for a follow-through that tests the 9-10 zone. Beyond that, we might see 13-14 again.

On the long side, stocks included Aphria Inc. (APHA), Canopy Growth Corporation (CGC), Ceragon Networks Ltd. (CRNT), Dada Nexus Limited (DADA), Denali Therapeutics Inc. (DNLI), DiamondPeak Holdings Corp. (DPHC), Jumia Technologies AG (JMIA), Marathon Patent Group, Inc. (MARA), Cloudflare, Inc. (NET), Nano Dimension Ltd. (NNDM), CarParts.com, Inc. (PRTS), Riot Blockchain, Inc. (RIOT), Retractable Technologies, Inc. (RVP), Switchback Energy Acquisition Corporation (SBE), Surface Oncology, Inc. (SURF), TRACON Pharmaceuticals, Inc. (TCON), Twitter, Inc. (TWTR), Wah Fu Education Group Limited (WAFU), WiMi Hologram Cloud Inc. (WIMI), and YRC Worldwide Inc. (YRCW).