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.
Canadian Solar Inc. (CSIQ) has another 45-degree angle channel of the March lows around 12.00 to over 43.00. On Wednesday it jumped 2.28, or 5.61%, to 42.90, with a session high of 43.41, on 4.3 million shares traded, and 20 cents to 43.10 in after-hours. The recent spike high in October got this one up to almost 45, so that will be near-term resistance. If it gets through that, we may see 50, or better.
FuelCell Energy, Inc. (FCEL) had a big reversal day on monster volume on Tuesday, but there was no downside follow-through. Then, on Wednesday, it moved right back up again, and gained 1.17, or 15.25%, to 8.84, with a session high of 8.85, on 120.3 million shares traded. It doesn’t necessarily mean it is going straight up from here, and now you know resistance and target will be 11.00. Beyond that, mid-teens perhaps.
Jumia Technologies AG (JMIA), one of our current swing trades, is doing phenomenal. It has been up now for eleven days in a row, going from 11.70 to Wednesday’s high at 38.86, nearly quadrupling in just a couple weeks, with a move up of 7.21, or 23.72%, to 37.61, on 37.6 million shares traded. It is way ahead of itself and overdue, but when a stock has a big-bullish engulfing day, first down to 27.50, and then up to 38.86, on that kind of volume, one of the biggest this stock has ever traded, it may be in store for a short-term peak at some point shortly.
Nano Dimension Ltd. (NNDM) on Wednesday ran up 74 cents, or 14.83%, closing at the session high at 5.73, on 24.5 million shares traded. It is right at a triple-top and if it gets through here, we are going to see a spectacular move, perhaps to 7.50 and 9.50.
Sierra Wireless, Inc. (SWIR) jumped 3.23, or 28.81%, to 14.44, with a session high of 14.80, on 2.8 million shares traded on Wednesday, and took out a key pattern that’s a large coiling-like consolidation that took several months to develop. That is the biggest volume I have ever seen on this stock, and an indication we may see higher levels. I am looking for 18.00.
On the long side, stocks included Bloom Energy Corporation (BE), Canaan Inc. (CAN), Cardiff Oncology, Inc. (CRDF), CorMedix Inc. (CRMD), Canadian Solar Inc. (CSIQ), FuelCell Energy, Inc. (FCEL), Fisker Inc. (FSR), HighPoint Resources Corporation (HPR), Jumia Technologies AG (JMIA), Nordstrom, Inc. (JWN), Landcadia Holdings II, Inc. (LCA), Magnite, Inc. (MGNI), Newborn Acquisition Corp. (NBAC), Natural Grocers by Vitamin Cottage, Inc. (NGVC), Nano Dimension Ltd. (NNDM), OptimizeRx Corporation (OPRX), Precigen, Inc. (PGEN), Palantir Technologies Inc. (PLTR), RMG Acquisition Corp. (RMG), Renalytix AI plc (RNLX), Sientra, Inc. (SIEN), ReneSola Ltd (SOL), Sierra Wireless, Inc. (SWIR), TRACON Pharmaceuticals, Inc. (TCON), 21Vianet Group, Inc. (VNET), and YRC Worldwide Inc. (YRCW).