DRE's Weekly Watch List Week 07/08/2019 + Weekly Performance

Hey everyone, I know it has been awhile since I posted but I came in HOT. Life has been busy but a quick update on my son, he’s doing great and I’m back in action! I want to give a shout out to the people on StockTwits and Twitter for all the love and support. To keep the love and support coming I’m going to give you my weekly recap of my trades and what I have my eye on this week.

My performance this week:

TICKER

ENTRY

EXIT

Return on Investment (ROI)

FCEL

.2916

.3902

33%

SLS

.1159

.131

13%

TRNX

.16855

.19502

16%

SLS

.1908

.234

22%

SLS (SL triggered)

.2081

.235

12%

 

 

 

Overall ROI: 19%

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 Bullish Momentum Setups

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  1. Evoke Pharma, Inc. (NASDAQ: $EVOK)
    Evoke Pharma, Inc. (NASDAQ: EVOK) is a specialty pharmaceutical company focused primarily on the development of drugs to treat gastrointestinal, or GI, disorders and diseases. The Company is developing Gimoti™, a metoclopramide nasal spray for the relief of symptoms associated with acute and recurrent diabetic gastroparesis in women with diabetes mellitus. Diabetic gastroparesis is a GI disorder afflicting millions of sufferers worldwide, in which the stomach takes too long or fails to empty its contents resulting in serious digestive system symptoms. Metoclopramide is the only product currently approved in the United States to treat gastroparesis, and is currently available only in oral and intravenous forms. Gimoti is a novel formulation of this drug, designed to provide systemic delivery of metoclopramide through intranasal administration to avoid gastric absorption issues.

Reasons I like EVOK:

1. Swing potential for those who don't want to take on risky trades.

2. Has gaps to fill leading up to Meeting with FDA regarding NDA resubmission potentially to be held around July 26, 2019. (Source: BioPharmCatalyst)

Gaps to fill: $0.75/$0.97/$1.33

2D 30M

Support zone: $0.63/$0.66
Resistance: $0.71

1Y 1D

Support: $0.54/$0.62
Gaps to fill: $0.74/$0.97/$1.35

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VOLATILE PLAYS / GAPPERS

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1. FuelCell Energy, Inc. (NASDAQ: $FCEL) 

FuelCell Energy, Inc. (NASDAQ: $FCEL) is a global leader in delivering clean, efficient and affordable fuel cell solutions configured for the supply, recovery and storage of energy. We provide comprehensive turn-key solutions for our customers that include everything from the design and installation of a project to the long-term operation and maintenance of the fuel cell system.

2D 30M

Buy zones: $0.69/$0.72/$0.74 moving forward

Resistance: $0.92/$1.00

1Y 1D:

Support $0.52/$0.66

Resistance: $1.00/$1.14

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2. Ultra Petroleum Corp. (NASDAQ: $UPL)

Ultra Petroleum Corp. (NASDAQ: $UPL)  is an independent exploration and production company focused on developing its long-life natural gas reserves in the Green River Basin of Wyoming – the Pinedale and Jonah Fields.

1D 30M

Support zones: $0.20/$0.24

Resistance: $0.30

1Y 1D

Next level: $0.34/$0.40

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3. Taronis Technologies ($TRNX)

Taronis Technologies is a clean technology company offering better technology solutions to today’s renewable fuels and sterilization problems by harnessing its proprietary clean gas technology. Taronis owns the only patented venturi plasma arc technology that gasifies or sterilizes a wide number of liquids and liquid wastes into a sustainable, green metal-cutting gas. Adoption of such unique gases is growing in major industries ranging from construction and demolition to metal fabrication and first responders for emergency extraction situations.

 1D 30M

Support Zones: $0.18/$0.20

Resistance: $0.237

1Y 1D

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DISCLAIMER: Please note that I do not ask for any information. I always encourage people to trade ONLY what you understand and never based on anyone's opinion. I am by no means telling you to buy/sell these stocks, but sharing my opinion on ones I found interesting for this upcoming week.

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