I've just done a survey of the "Most Discussed" stocks.
The following are, in my opinion, Dog Stocks, to be left alone. Better opportunities elsewhere.
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CLQ.
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ARV:
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The following are worth a look.
LYC.
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LYC may be in an ABC correction. It is down to possible support: major horizontal and 200-Day EMA.
On a weekly chart it is down to the lower edge of the Standard Error Channel - a likely rebound zone.
Look for the stock to regain upside momentum with a bullish candle and a kick-up in the short-term trend channel.
FAR
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From late-May to late-June, FAR was in an up-trend. Since then it's been consolidating. Look for a bullish candle above horizontal resistance and a kick-up in the short-term trend channel.
ASN
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This looks like a classic Wyckoff chart with ASN "jumping the creek" after a long consolidation. That's a bullish pattern.
It's run a bit hard lately so we may be looking now for another consolidation, then a further strong move to the upside. Watch.
OBJ
This is an interesting one. OBJ's recent upside rally may be a counter-trend rally with the past couple of days running back to the downside, back to the 50-Day EMA.
It remains below its 200-Day EMA.
If the stock bounces off the 50-Day EMA and regains momentum it could run-up to the 200-Day EMA. Watch.
BPT
BPT is in one of the strongest sectors in our market.
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Beach has broken above its major horizontal resistance level.
Look for a successful test of that level with upside momentum being regained.
RB
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