The TradeXchange

Saturday, February 5, 2022

Swing Trades and Long Terms $DWAC $BCDA $ANY $VRAR $CFLT

 


DWAC - TRUTH Media launch catalyst in the next two weeks. Frontside RSI as well as pivot being held very well. Targets over $90 into $100 mental area of trader interest. $75 stop. 


BCDA - The company released recent news for FDA granting of Breakthrough Device Designation on its CardiAMP Cell Therapy System for the treatment of heart failure. The stock gaped  up last Thursday on very high volume and held the $2 mental area of interest now being what appears to be strong support. Looking forward I expect continued uptrend into R2/$2.58 area of resistance. First targets over $3 weeks ahead. The long term picture is looking better for this company. My long term target is $6. (BCDA Ratings) (News)


ANY - Pure momentum play going into Monday's trading session. The stock should benefit from recent positive news and Bitcoin bounce. Targets over 3.50 mental area of trader interest and into 3.75-3.80 resistance zone. Stop $2.80 (Recent News)


VRAR - The company continues to make investments in the VR/AR software sector with its recent acquisition of Sector 5 Digital. (News). The technical picture has improved with the stock holding recent support 8.65 to 8.80 area. In the weeks ahead there could be more positive developments as the VR/AR sector regains traction on the bullish side and traders start to pile on for a move the R1/11.50 area of resistance. Long term target $18, Stop $8. 



 CFLT - The stock is a favorite of the long term portfolio. The technical picture has improved as the stock held its pivot area at $64.30 and bounced strongly into the 50dma resistance zone. I expect the stock to grind up in the next few weeks and conquer new all time highs. Long term mindset as long as thesis remains valid. Target $110. 
 
Not a financial advisor. This is not investment advice. It is only for educational purpose. My own trade ideas.