Takung Art Co Ltd (NYSEAMERICAN:TKAT) is looking good to me with all this NFT hype. I'm very pleased about how the stock has pulled back to its major support zone after its large move in the middle of August. For the coming week, a breakout above the 8 level would signal the start of a new uptrend that could potentially test the recent highs around the $14 area....
TKAT: It's late August and the market is thin. It's practically holiday trading. What better time to find stories and ramp the NFT stocks! Hey, maybe it's real. But probably, given the situational dynamics, this is unlikely to have real staying power here.
And the thing about AMEX:TKAT is that the vol of previous 2 days was so huge, that it can continue to rip. Risky, but fun. Potential PT: 17 and even 22. Why I make such a conclusions? The answer is avg volume. I take 2 pink lines: longer one comes from the previous vol spike and shorter one comes from 2 days back, when it started to rip. Current price is above...
If you missed the $TKAT and general NFT craze from a few weeks ago, it's back. $TKAT has had 3 strong days and now closed kissing top of Keltner channel closing up 36.65% :o Generally I don't like to enter swing trades Friday afternoon or after such a strong green day, but made an exception here due to the potential for an explosive move next week. $TKAT did...
For you guys who missed this a few weeks ago, this may be your chance for a righteous moonshot. It's a slippery rocket so hold on tight. I'm going to wait a day or so for confirmation before entering a swing trade. Ideally I'd like to see the Heikin Ashi 1D kissing the top of the Keltner channel and go for a 1-3 day swing trade with phenomenal risk/reward. ...
The NFT fever have been calmed down a little bit in the past few trading days. Leading name TKAT pulled back to the daily demand zone, and formed an inside day yesterday. I would love to trade the inside day breakout though. Let's see how it goes yo!
TKAT stock has soared 1000% within 5 trading days as the NFT concept keeps on rock & rolling. My view on this kind of rally that based on hot topic is: "Try my best to get on the train!" Indeed, it would fluctuate a lot that stops so many intra-day trades out. while this is exactly what we traders are looking for--- momentum! With abundant momentum, I'll...
Gambling on TKAT is in a way not much different from gambling on blockchain stocks back in 2017. Anything digital is a fair game in the realm of NFT as even tweet was up for sale as Jack Dorsey demonstrated that today. TKAT's Insider ownership is almost 50% and TKAT's institutional ownership is close to zero, indicating the high volatility this stock...
Video breakdown on $TKAT after a parabolic run! Filled at 7.50 for an amazing run
Technical Analysis: 1. KWEB (Chinese Internet ETF): Expect a relief bounce here for Chinese Internet stocks ( BABA BIDU JD ) with a Hong Kong ( HKDOW ) & Shanghai ( DJSH ) market rally. a. Holding 200weekSMA and 50monthSMA support here at $44 with record volume twitter.com b. Very oversold on weekly timeframe c. Strong price support at...