This is a brief post containing charts derived from my latest NASDAQ scan. I took out the many Bio and pharma stocks that populated my results and have selected for those with lower prices and setting up in recovery-style patterns; either descending wedges or triangles. Traders should always carry out their own due diligence before considering any trading.
AQMS weekly: Aqua Metals: watching for any break and hold above $4 for a potential push to the weekly 61.8% fib, circa $14:
CAAS weekly: China Automotive Systems, INC: watching for any potential push to near the weekly 50% fib, circa $16:
CCLP weekly: CSI Compressco LP: watching for any wedge breakout and a potential push to the weekly 61.8% fib, circa $20:
CIFS weekly: China Internet Nationwide Financial Services Inc.: watching for any push from current levels up to the weekly 61.8% fib, circa $40:
CSTE weekly: Caesarstone International: watching for any push from this descending wedge breakout up to the weekly 61.8% fib, circa $40:
CUTR weekly: Cutera,Inc: watching for any push from this descending wedge breakout up to the weekly 61.8% fib, circa $40:
GSM weekly: Ferroglobe, PLC: watching for any push from this channel / descending wedge breakout up to the weekly 61.8% fib, circa $11:
MDCA weekly: MDC Partners Inc: watching for any push from this very recent trend line breakout up to near the weekly 61.8% fib, circa $20:
SPKE weekly: Spark energy: watching for any push from this descending wedge breakout up to the weekly 61.8% fib, circa $18:
SQBG weekly: Sequential Brands Group, Inc: watching for any break and hold above $3 S/R for a potential push to the weekly 61.8% fib, circa $12:
TUES weekly: Tuesday Morning Corporation: watching for any break and hold above $4 S/R for a potential push to the weekly 61.8% fib, circa $15: