PureCycle Technologies Inc. PCT – Update:
We entered a longer-term recovery idea for the PCT options chain in yesterday morning’s premarket report on a purely technical basis, and it provided instant results.
It was exhibiting most of the classic signals we look for in a potential rebound play. Coming off of recently established lows, a MACD converging toward a bullish cross, a heavily oversold yet rapidly strengthening RSI, and a massive gap on the chart to the upside. You can see all of these indicators on the chart snapshot below.
We’ll continue to look for signs that PCT may continue the current trend off of last week’s lows which represented the lowest PPS for the stock in roughly 7 months. Here are the intraday gains made by our targeted options contract sets yesterday:
PCT 08/20 $15-17.50 Calls
$15: 1.88-2.80 (+49%)
$17.50: 1.25-2.10 (+68%)
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Fresh Options Ideas:
BIDU Weekly $192.50-197.50 Calls
WMT Weekly $142-145 Calls
HD Weekly $322.50-327.50 Calls
Nutranomics, Inc. NNRX – Recap:
We flagged NNRX in yesterday morning’s extended watchlist, which most often contains the majority of the OTC stocks we’re tracking on any given day, and the stock did end up putting forth a solid intraday performance.
It ran from a low of .0014 and went as high as .0033, which marks a daily push of 136%, and it occurred on volume of over three times the 30-day moving average.
Extended Watchlist:
APYP, MNGG, RGBP, BYRG, RETC, VMCS, ZONX, WRFX, EEGI