Wall Street Radar Vol. 6: Stocks to Watch

📈 Momentum Metrics: Leveraging data-driven insights to pinpoint stocks with upward potential. 📊

🎢 High-Volatility Thrill Rides 🎢

TIL (Instil Bio)

What they do:: Instil Bio is a clinical-stage biopharmaceutical company focused on developing novel cancer immunotherapies.

Why watch? 🚀💉 TIL skyrocketed higher on 9 Sept for this news: At the beginning of 2024, Instil Bio was still trying to develop cell-based cancer therapies that rely on tumor-infiltrating lymphocytes, or TILs. In August, the company switched gears and in-licensed IMM2510, a bispecific antibody that targets programmed death ligand 1 (PD-L1) and vascular endothelial growth factor (VEGF).

VOXX (VOXX International Corporation)

What they do: Consumer electronics

Why watch? Symmetrical triangle ready to break with low volume consolidation. Recent news about maximizing shareholder value and exploring strategic alternatives could be the spark this stock needs. Get ready for a potential sound investment! 🎧💼

QH (Quhuo Limited)

What they do: Quhuo Ltd. engages in the development of a workforce operational solution platform.

Why watch? 📰💼 Fluff news this week to keep the stock listed on the Nasdaq (minimum requirement 1$) 10ema is catching up, we need to understand if a second leg higher will come after a little bit of digestion, or if it will slowly come back to 50 cents. volume is the highest from the IPO.

TEM (Tempus AI Inc)

What they do: Healthcare technology company, which engages in bringing artificial intelligence and machine learning to healthcare.

Why watch? 🏋️‍♂️🎯 Already broke the channel (suggested in last week's watchlist) but the stock is digesting the move near the 55-56 level where a seller is present. clearing the level should send the stock higher if the markets agree

FBLG (FibroBiologics Inc)

What they do: FibroBiologics, Inc. engages in the development and commercialization of cell therapies.

Why watch? 🏆📈 Is making a beautiful cup with a handle on the daily chart, recent IPO, last week was the highest volume since the IPO, 10 and 20 ema watched up giving support. breaking the 3.60 mark should send the stock for the next leg higher. great symmetrical triangle.

UMAC (Unusual Machines Inc)

What they do: Unusual Machines, Inc. is a development-stage technology company, which engages in the provision of drone solutions with a focus on first-person view (FPV) technology.

Why watch? 🔍💬 This is a recent IPO, a lot of chatter on social media about this company, also really interesting for a medium-term hold. The volume is low so pay attention and leave more room than usual. 1.40 strong support, 1.70 strong resistance. we need real volume coming in.

🏄‍♂️ Medium-Risk Wave Riders 🏄‍♂️

RDFN (Redfin)

What they do: Redfin is a technology-powered real estate brokerage, combining its full-service agents with modern technology to redefine real estate in the consumer's favor.

Why watch? 🏠💪 Falling wedge forming, a really strong stock in one of the sectors that will benefit the most from rate cuts? a new leader is shaping up?

ZK (ZEEKR Intelligent Technology Holding Ltd. ADR)

What they do: Chinese electric vehicle manufacturer

Why watch? Recent IPO breaking out of a down channel and now forming a beautiful pennant. This steel play could be forging new highs soon!

ANNX (Annexon)

What they do: Annexon is a clinical-stage biopharmaceutical company developing a new class of complementary medicines for patients with classical complement-mediated disorders of the body, brain, and eye.

Why watch? 🚩🏁 A recent IPO, broke last week a key level on the weekly and not is creating a little flag over that level.

CLPT (ClearPoint Neuro)

What they do: ClearPoint Neuro is a medical device company that develops and commercializes innovative platforms for performing minimally invasive surgical procedures in the brain.

Why watch? 🧠💹 In the middle of August the stock broke with volume the 11 level on the weekly and now is forming a pennant digesting the big move, almost 100% in 25 days!

AMSC (American Superconductor)

What they do: American Superconductor Corporation provides megawatt-scale solutions that lower the cost of wind power and enhance the performance of the power grid.

Why watch? 🌪️🔋 The stock made an incredible run in April when the semiconductor sector was hot with NVDA. Now the stock is forming a pennant with 10,20 and 50 moving averages supporting the stock on the consolidation.

DCTH (Delcath Systems)

What they do: Delcath Systems is an interventional oncology company focused on the treatment of primary and metastatic liver cancers.

Why watch? 🏥📊 Made a powerful 50% in 4 days at the end of August, now is retesting the previous resistance, acting as support. The falling wedge if the level will hold can make the start for a second move.

🛡️ Low-Risk Safe Harbors 🛡️

RBLX (Roblox)

What they do: Roblox is an online entertainment platform that allows users to play, create, and monetize games.

Why watch? 🎮🔑 The stock has troubles to break the 47 level since 2022, it's almost two years. when the stock breaks the level with volume the move can be very very powerful.

VRNA (Verona Pharma)

What they do: Verona Pharma is a clinical-stage biopharmaceutical company focused on developing and commercializing innovative therapies for respiratory diseases.

Why watch? 💨🚀 Broke the 29 level and now was tested a couple of times as support. the break of 30 level can be important, the stock is at all-time highs so no new resistance is to be cleared from now on.

BMY (Bristol Myers Squibb)

What they do: Bristol Myers Squibb is a global biopharmaceutical company focused on discovering, developing, and delivering innovative medicines for patients with serious diseases.

Why watch? 💊📉 The stock is creating a beautiful VCP pattern and volume is drying up. the downtrendline is from March and is what is holding the stock to move higher. Clearing the 50 level is key.

May your stop losses be respected, your take profits hit, and your trading psychology remains unshakeable! 🛑💪