Transcription
Hey there everyone. I hope that you're having a fabulous Friday morning.
We're going to take a look at some of the penny stocks that, uh, we've talked about for a while. NDS, RZLV, NVTS, SUN, BBAI. We're going to give some updates on those. I've been talking a lot about the under $5 ones in the past couple videos, and I wanted to give an update on these and talk about where they could potentially go from here.
This is going to be a long weekend for us. So, uh, we'll see, uh, how things are going to shape up and don't be surprised if we go a little bit soft during the end of the day as we have people cash out so they can enjoy, uh, the 3-day weekend.
So, uh, let's put this up here for you. We're going to kick things off. We have two of them that are still under $5. I just thought it was worthwhile, uh, to talk a little bit more about what we're seeing with OCGN taking a nice healthy bounce off that 13 so far. If we start to see up above the five, that can be a very good thing for a move like this. This is trying to catch a falling knife. However, so that bounce usually after a big route like that, you get one anyway. I would look more down at the intraday charts if I was going to look for that opportunity. And that gap up above yesterday's close is a promising thing and it's a little bit troublesome with the low pivot that we have down here where we saw that support before. It is nice to see us moving up. So, that could potentially, uh, continue to move us up further, but I would be looking for support to also land in around $1.64. So, not my favorite moment right now. The RSI is rising on the hourly chart for OCGN. Uh, and we'll just keep an eye on that one. I think that its move is not yet over, but I do think after hitting around that $2 mark to see that softness come in, I think that that next play, if we stay up at these elevated levels, for me, that next play is up above two bucks.
So, when we move over to check this out on the hourly chart, we are sitting in the support area and we keep on tagging. I'll put a pivot on here for you. A low, uh, historic support that we're finding in here at $12.93 and it seems like we're just not breaking down below it. The, the low, the highs are coming down. The bottoms are staying about the same. So, we have the bears taking a little bit more ground. We have the bulls holding a hard line. I talked about this as resistance. We were back over here. So, we needed to trade above it and we did for a little bit, but we hit some pretty hard resistance right at around $14.90. So, uh, up about 2.5% in the pre-market this morning. Not my favorite look for the candle structures. So, I would love to see a tag on the 13 or even maybe all the way down here at $11.73 to see us start to pump back up the other way. It's okay if it holds in support. It doesn't have to do any sort of turning around. If it goes back to sitting on top of the 5 EMA and sitting on top of this support instead of wallowing down in it.
And when we start to see these previous peaks getting overtaken, this is where we could see maybe that next move after we had that slight cooling off of the RSI for ONDS. So, uh, for ONDS, don't know that we're necessarily down and out. I know that there's a lot of people very excited about this. A lot of people taking investment type positions in this one. And you know, we could find some much better dollar cost averaging opportunities coming in, which if you were an investor, you know, cheaper prices for companies that that you absolutely love, that can't be bad because it lowers your cost basis versus trying to, uh, do that dollar cost averaging when you're up here, uh, and getting those higher cost bases instead, uh, when we're getting these, uh, these signals. So, investment is different than trading. Right now, I'm still pressing the pause button on ONDS. I'd like to see a clearer sign that we're ready to take that rocket ship and, uh, you know, like we got back here. This was an absolutely gorgeous trade. I don't think we're down and out for ONDS yet, but I would love to see, uh, further evidence. I would like to see a very, very high quality trade setup that gives us signs like we had back in here that something major was about to happen. And I talked about what would happen if we broke $9.83. And you guys can see when we got those more clear signs, the bullish crossovers off of a fresh touch off of the 50 EMA and we've gapped up significantly after that and also broke that previous high that we have over there. I would love to see a touch back down on it though as, as one place where I'd be looking for a pretty darn big bounce to come off of it. Once again, doesn't have to happen that way, but it'd be nice if it did.
RZLV, I wanted to show this to you about Resolve AI PLC. So we actually have at this peak yesterday which happened to be at $4.81, right at $4.81 to $4.75. We actually have, uh, in there some pivots that if we look back, we have one of them right here in the middle that happened to be on September the 30th. And if we go back even farther than that, you can actually see. There we go. I'll stretch it out for you so you can see that even better. Right in the middle of that November 13th of '24. And when we go back even further, we have this dip down here to support on September the 24th of 2024. And then this low point that we had also at September 18th. So, we actually have a fair amount of history of rejection at this price level. And if I'm remembering across all my technicals, I think even some of our Fibonacci extensions and retracements also start to reach into that territory. So, let's put those down for a moment. And we'll put these up for a moment. There you go. Fibonacci extensions. Look right there. $4.70 to $4.95 right in the middle where we had those pivots. Also happens to be a bottom value from the Fibonacci extensions and also a 100% movement from a bottom back up to a top. So making one full movement from a point in history. We can actually see which one that is here and we'll click on that and we'll look back this way. There you go. There's that one full movement that you get. And you might say, "Well, that was a long time ago. How's that price action still influence it?" Listen, I can tell you that it just does, uh, time and time and time again across hundreds if not thousands of companies. You name it. When we set up these old Fibonacci extensions from these major movements, man, they just keep on repeating themselves at those whole number Fibonacci values, especially, uh, for the Fibonacci extension, and they just keep on showing up as support and resistance for us. Uh, and like I said, it just keeps on working out.
So, let's take those down for a moment and show what we have for Fibonacci retracements. We have a 0.5 and we have a 382 on this, both of which in there. So, we have just a massive amount of resistance right where we see that top wick from yesterday. And so, if the pre-market this morning can actually sit us on top of those, we have a free rise area that could take us up into the $5 plus territory, uh, in the near term here for RZLV. It is starting to get a bit extended. It is not my favorite trade setup, but I'm still going to keep on tracking it because it has been shown that it has the, the excitement there, the volatility, the volume to make the big moves that really set us up, uh, for, uh, we'll say outsized gains. So, if you're a swing trader, you know, if you're already in the position, well, well, you know, setting things like trailing stops, and once again, I won't tell you what to buy or sell or when to buy or sell, but I will just toss some ideas out there. A trailing stop on something like this. Usually not a horrible idea. When you start to, uh, to get extended like this, like we are right now, allows you to keep on riding that upside appreciation. But if things start to sour a little bit too much, it kicks you out of that position and then you, you take your profits and then you're on your way right onto the next opportunity.
And if you do things like options trading and there's a deep enough options market and you, you can, one of the things that you can do is look at the volume, you can look at the open interest, but you can also look at the spread that's happening. The wider the spread, the harder it is to be profitable. When you look at something like the zero DTE or really anything for like SPY, QQQ, where there's just massive, massive, massive, almost endless liquidity, especially for retail traders, you, you get that spread is like a penny. Whereas for something like RZLV, you might find it to be like a 10-cent spread or a 20-cent spread. Uh, and that, like I said, that does make it harder to be profitable. And when you set things like stops, it usually stops pretty far below where you wanted it to as well because you don't have, it's going to sell at the, at the bid price. Um, and that's, like I said, that can cost you quite a bit.
So, let's, let's move on here. RZLV. Still got my eye on it. Still watching it. Uh, we do want to see it move up above that $4.76. As a matter of fact, here, we'll put up, make it real messy for a moment. We got to watch that resistance right at pretty much $5 per share as well. And, and this just furthers, uh, what I was saying about not my favorite position, not my favorite trade, but when you do that, you can see the density that we have right in here. Uh, but you can also see the band gap that we get that goes, uh, from just north of that. So $4.95 if we have enough momentum to push through, yeah, we might push through. We could at least expect some intraday resistance there. Sitting on top of it opens us up to $5.38 and up above that is $5.63. But once again, look at the rise that we've taken. This has been incredible. This thing bottomed out most recently around $2.32 and now we're up, uh, twice that. So, this thing is up 2x already, uh, just in the, the past few days of trading. Um, and at some point in time, you get a little bit of give back and like I said, it's starting to be extended. Uh, still got my eyes on it because I don't think that the volatility is over. I still think that we have lots of trading opportunities ahead of us.
NVTS, this one has cooled a little bit. I also wanted to show you some of the pivots in here that are causing us trouble. Need to sit on top of that $10.58. We tried yesterday. It was a nice move and it just failed to hold it. So, just once again, further confirmation as I talked about it back here. I talked about it on Tuesday and here we are on, uh, on Friday talking about again after Thursday's trading day, just how important it is to see us sit on top of $10.58 to get that rise. The volumes remain elevated. The RSI has cooled considerably. We are not extended like we saw for RZLV and, uh, we're starting to get that cooling or that cooling has already happened for the large part and we're still up above the five, the 13, the 50 and the 200, that perfect bullish structure that you're looking for, uh, to indicate that it could still go. I will say the five flattened it out on us and these high top wicks and that massive sell candle that you get, uh, not great. It just keeps on confirming resistance, but if that resistance should break, it could break pretty darn massively. And so I think NVTS up about 2.6% in the pre-market this morning. Still deserves our attention.
SUN, man, this thing really dumped after it tagged the 50 and so far it closed back down below the five and the 13. I'm still watching it. I still like these elevated volumes. The RSI still needs to solidly cross 50. It hasn't. This is one of those be patient, uh, wait and see moments. I talked about timing. We had a little bit of that timing when I talked about this before. I said I like the look at this. We could see a pop and then we did. As then, then we had to clear the 50 and the 200. We had to stay between above the five and the 13 and we just didn't. So the opportunity came, it went and now we're waiting for that next moment should we get it. We are in an accumulation zone for SUN for Soundhound. And so if we can get back up on top of those moving averages in the near term, if we can see the RSI cross up over 50, and if we get a little bit more igniting volume, we are getting the elevated volumes, but some igniting volume, that could be further confirmation that this thing's about ready to run.
Okay, two more quick ones for you. One is Big Bear AI. Look at that touch on the top part of this consolidation pattern. Got big old rejection. And there's also, uh, that's the top of the trading range as well. This was always going to reject from there. We're starting to get the volumes picking up. So, you have that low volume stuff here. We're starting to get that increase in volume, slight increase in price action, but man, we got to sit on top of that resistance if we can. Uh, BBAI could take off for us. So, I'm absolutely interested and intrigued to see what this looks like because after such a massive consolidation pattern like this one and getting squeezed down over time like we are, this is something that really impresses me and makes me think that we could have that finally that return that two-digit moment that sends us back up to $10 plus per share. Uh, especially if it's any indicator from the top here, uh, to the bottom there, that is like an $8 swing, which would be incredible. So that would could put us into that $10 to $15 range, uh, from where we're at right now. Now mind you, I do think that it will take a news catalyst to really put in a lot of that excitement and a lot of that movement. But when the volume starts to pick up like it did and the prices start to come up like it does off that bounce off the 200, we're forming like a minor neckline right around that $6.50 and it goes up until about $7.16. So that we need to finally get out of this consolidation pattern, finally break back up over seven and also catch some strong momentum and just some explosive volume like we saw in the past here to really give us that big moment. So, uh, it will be all combined.
Now this last one that I'll leave you with, this is not a penny stock. Uh, this one, let me take down the mess for a moment. US, this is USA Rare Earth Inc. And so this one, tied, I'm guessing from the, uh, the person in the comments who mentioned it. Thank you. It's a very intriguing stock. Intriguing enough that I think it's worth talking about here. Uh, this one, not a penny stock, but I'll toss it in as a bonus here. We get hard stops on this thing from about $19 to $20. And so, you can see that across time when you look across those peaks. And if I unhide the technicals here, look how much of a density. You don't have to worry about the mess so much. But look at the density of pivots, of retracements, of extensions that all happen right here from that $19, actually up to, uh, this is about $20.25 and then up above that at about $21 per share. We do still have a gap to fill up to $23. The momentum is looking great. The volume is starting to pick up on us. If we're able to break over just this solid resistance that it has here, we could have enough to really punch us through this, uh, this Fibonacci extension that we have at $20.97 and that could carry us all the way up to $20.93 before we really get that next area of resistance, that major density coming in, which would also close the gap that we have over here that took place from October 24th to October 27th. So, a Friday to a Monday, we just got that gap forming in there. We got a beautiful double bottom here. We're sitting at the neckline right now after that W shape. Uh, this one could move for us.
And let's go to a weekly chart. See what we got going on here. We have a fresh rise above the 13, above the five, bounce off the 50-week. And once again, just beautiful. You can see that W shape with some denoising going out to the weekly chart. RSI at 51 with slight signs of rising, although nice to see it pump just a little bit more. Uh, and we could absolutely do that. And then on a monthly basis, sitting at 59. So, not bad at all. But once again, look at that monthly chart and the high wicks that we have and the fact that they take us all the way up to about $20 per share. So, $19 to $20, if we can punch through it, it could show us another 15 to 20% on top of it.
So, guys, for the best penny stocks to buy now, there you go. I gave you that rundown plus the bonus of USR. And if you're the commenter who asked about it, thank you very much, uh, for asking about it. I thought it was very interesting. Even if it wasn't necessarily a penny stock, the technicals are there. Maybe even the rare earth's momentum is there to help punch us up to that next level from where we're at right now. Earnings season is coming upon us. So, we'll see what, uh, earnings also have to come out and when they come out in that time, it could really help us out. MP should be the one to watch. That's the big dog in the port still right now. That could be that catalyzing moment that really speaks volumes for, uh, for the rare earth's plays domestically from the United States.
So, guys, thank you very much for watching. I really do appreciate it. I am Dr. Stock, doctor of education. Remember my friends that learning is earning and we'll see you next video.