DMTK, FLGT, IMMR, LKNCY, NNDM -- Stock Charts to Watch

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DMTK, FLGT, IMMR, LKNCY, NNDM -- Stock Charts to Watch

Charts of the Day video for Tuesday December 29th, 2020

DermTech, Inc. (DMTK) on Tuesday, jumped 2.63, or 10.36%, to 28.01, with a session high of 29.68, on 1.4 million shares traded. In after-hours it was going bonkers with an explosive move of 3.49 to 31.50. It pulled back but looks very bullish to me. My target is 35-35 1/2 going forward.

Fulgent Genetics, Inc. (FLGT) popped on Monday and reversed off the trendline near the 50-day, and on Tuesday it had a nice follow-through with a move up of 4.04, or 8.65%, to 50.78, with a late-afternoon session high of 51.99, on 3 million shares traded and pop of 48 cents to 51.27 in after-hours. If this can get through 53 1/2, we might see 63-64. That could be a powerful move coming up.

Immersion Corporation (IMMR) exploded as well on Tuesday, gaining 3.52, or 37.37%, to 12.94, with a session high of 13.67, on 34.3 million shares traded. It had an explosive move out of the base pattern and nearly filled the gap. It may cause it to pull back, in addition to it being near the top ow what appears to be a potential channel. Even if it does back and fill, and consolidate, eventually my target is going to be in the mid-teens.

Luckin Coffee Inc. (LKNCY) exploded dramatically from 3.65 about 10 days ago, all the way up to 11, and change, pulled back over the last week, and then had a nice pop on Tuesday out of that pullback-falling wedge, or flag. It ran up 1.17, or 16.23%, to 8.38, with a session high of 8.50, on 6.1 million shares traded. If this extends, we might see it go right back to 10 1/2-11.

Nano Dimension Ltd. (NNDM) broke out of a mini wedge on Tuesday and popped 44 cents, or 5.4%, to 8.59, with a session high of 8.88, on 44 million shares traded. That is big volume trading on the upside. We may be anticipating a retest of 10 1/2, and then a move to 12 1/2.

On the long side, stocks included Bit Digital, Inc. (BTBT), DermTech, Inc. (DMTK), Eos Energy Enterprises, Inc. (EOSE), Equillium, Inc. (EQ), Fuwei Films (Holdings) Co., Ltd. (FFHL), Fulgent Genetics, Inc. (FLGT), Immersion Corporation (IMMR), INmune Bio, Inc. (INMB), Direxion Daily S&P Biotech Bear 3X Shares (LABD), Direxion Daily S&P Biotech Bull 3X Shares (LABU), Li Auto Inc. (LI), XPeng Inc. (XPEV), NIO Inc. (NIO), Luckin Coffee Inc. (LKNCY), Nano Dimension Ltd. (NNDM), Pitney Bowes Inc. (PBI), Pinduoduo Inc. (PDD), SG Blocks, Inc. (SGBX), TRACON Pharmaceuticals, Inc. (TCON), UP Fintech Holding Limited (TIGR), and Utz Brands, Inc. (UTZ).