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Call Outs for April-May

  • Writer: Leo Q
    Leo Q
  • Mar 27, 2020
  • 1 min read

Updated: Apr 30, 2020

GME: -Story: More people are staying home. They play more games to kill time.

-heavily shorted stock potential short squeeze -price gaps need to get filled above

-double bottom + divergence -Stop Loss: 3.49 -Price Targets: 5.5 and 7.6

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COG: -Story: Oil companies are going bankrupt, but COG has the best balance sheet and is most likely to survive and gain market share. -sector is oversold, will likely rebound soon -price gap above

-been on a very long divergence + double bottom formed -Stop Loss: 13.15 -Targets: 22 (gap fill) and 26 (weekly resistance)

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APT:

-Story: N95 mask shortage and likely growing demand. Potential worsening of the outbreak. National government stockpile depleted and will be replenished in larger quantity. There is a likely 2nd cycle of the virus. Mask market price surges will be bonus profits. -heavily shorted, likely short squeeze

-very good risk-reward -double bottom formed

-Stop Loss: 8.33 -Targets: 20's and 40

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AHPI: -Story: Ventilator maker and is in extreme shortage and demand globally. Complicated equipment cannot be simply produced by a random company. -inverse head-and-shoulders formed -decent risk-reward

-Stop Loss: 12.49 -Targets: 25 and 40

ree

Good Luck folks

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