Downside Potential in NASDAQ COMPOSITE , Applicable ONLY In-case of NO SIGN OF RECOVERY IN ECONOMY
Only for educational purpose
I wish, this view should be wrong
Petroteq Energy Inc. is a publicly-traded Canadian-holding company trading OTC with the ticker symbol $PQEFF, currently sits at $0.21 with volume
constantly increasing over $439k+
Crude oil is trading under upward sloping channel. Not good for equity as it will impact the profit margins of all the sectors as probably all sectors required crude as raw material/input
The company has not yet revealed any information regarding the authorized share but has briefed the share out of 767.7 million with float details of 87.08 million for free trade and investment.
Petroteq Energy Inc. specializes in developing and implementing its proprietary oil sand extraction and remediation technologies. The company offers a share price of $0.2042 with an adequate volume of 1.55 million today, with an average of 1.47M. The market cap sits at 155 million on OTC, trading within $0.20-$0.2196.
After disclosing a secured non-brokered private offering of up to $7.2 million units at $0.14 apiece for gross revenues of roughly $1 million, $HMTXF jumped 3.6 percent on last peek.
NASDAQ 100, never came below the ema of 233 since 2010, and came below 144 only 2 times after that, in 2018 and 2020 and gave good bounce back from there.
Now if you see it is making the same pattern around 144 ema as it did during a covid low in 2020.
It looks bullish from here, until and unless it again closes below 144 ema.
Chewy is an ecommerce only business providing pet medications, food, treats and other pet-health products and services for dogs, cats, fish, birds, small pets, horses, and reptiles.
It gapped down quite significantly on earnings and is trading outside of its lower Bollingers which should at some stage see a snap back.
If your broker supports it, I'd probably...
Strategy: Wait & Watch till the Quarterly result this month.
Best case: Break out above 440 can take the price to 530-540
Worst case: Break down below 380 can 300-310
Or may it may remain in this tight range of 380-440
American Leisure Holdings Inc. is operated as a development-stage company, with the ticker $AMLH on OTC. The company is offering a price of $0.0007 per share; it traded $355K+ volume with $29.01M+ average volume.
