We’ll continue to have an eye on EVLI into next week. The stock essentially traded sideways on relatively light volume during Thursday’s session, thus all of our observations of this play still remain true. A recovery pattern is in effect with EVLI as it reached 52-week lows five sessions ago, and has registered higher lows each day.
We’re going to be looking for EVLI to hold support at or above a nickel, while .07 is acting as resistance. A look at the chart still shows bullish indicators; the MACD which recently crossed is diverging sharply as the stock continues to trend off of its recent lows.
Kandi Technolgies Group, Inc. KNDI
We started off this short week with a note on KNDI, mentioning that it had been hit hard the previous Friday, and that we would be waiting for the dust to settle which has been occurring all week.
Currently the stock is holding support above $17, and this is going to be another one that we monitor into next week for potential rebound.
Advanced Medical Isotope Corp. ADMD
ADMD caught our eye after coming down to touch .0028 yesterday, one tick above 52-week low, and then rapidly snapping back to the .005 to .006-range.
We’ll want to be ready to take quick advantage of any further rebound chances the stock might offer up from here. It was trading over a penny as recently as the third week in August and the chart looks to be ripening.
Extended Watchlist:
ICLD, MNDL, MOBI, SGOC, INUV
