Tenet Fintech Group Canada Sun Storm Investment Trading Desk & NexGen Wealth Management Service Present's: SSITD & NexGen Portfolio of the Week Series
Focus: Worldwide
By Sun Storm Investment Research & NexGen Wealth Management Service
A Profit & Solutions Strategy & Research
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Tenet Fintech Group Inc.
No trades
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In-depth trading ideas
Tennet Fintech Canada Sun Storm Investment Trading Desk & NexGen Wealth Management Service Present's: SSITD & NexGen Portfolio of the Week Series
Focus: Worldwide
By Sun Storm Investment Research & NexGen Wealth Management Service
A Profit & Solutions Strategy & Research
Trading | Investment | Stocks | ETF | Mutual Funds | Crypto | Bonds | Options | Dividend | Futures |
USA | Canada | UK | Germany | France | Italy | Rest of Europe | Mexico | India
Disclaimer: Sun Storm Investment and NexGen are not regist
PKKFF should do a strong move next weekI have no position in this, but am keeping an eye on it. Time is running out on PKKFF and it should do a strong move soon but entering here is a gamble.
-As the daily hull (highlighted) starts to crash into the price, it acts as resistance.
-I see a pennant forming with the channel top as the resistance, likelihood of this being bearish is higher than a bullish reversal from what I've seen in other penny stocks.
-Macd and stoch look like they will turn to the downside too.
-I would not conside
PKKFF 07-01-'22(1) Daily Demand zone Broken= Supply > Demand
+ Increase in Volume (Selling) iccw declining OBV
(2) Weekly Demand zone + 2x Legit Renko Support Line
(3) Decending Trendline still Legit
(4) RSI --> Oversold (Demand W Legit for bounce?)
(+) Support at Falling Wedge pattern, weak(?)
Conclusion:
PA ≈ Volume --> Legit move (down)
Price Tgt #1: $3.51 (High) SL: $2.9 (17%)
Price Tgt #2: $3.00 (Low) SL: $2.48 (17%)
Price Tgt #3: Break Trendline + Confirmation
Review=
1. Revisit 'old' Daily Demand
$PKK Double Bottom Reversal PatternThis is where Technical Analysis and strong company fundamentals collide.
CSE:PKK has their strongest quarter incoming (Q4) which is expected to surpass 2020's revenue in it's entirety.
This, combined with a NASDAQ listing, and other unknown catalysts should result in powerful capital market results.
More on the double bottom pattern:
"The double bottom looks like the letter "W". The twice-touched low is considered a support level.
The double bottom pattern always follows a major or mino
PKK to $17-18 in NovemberFollowing a rocky start after an uplisting and delisting from NASDAQ, PKK has been checking all the boxes in every other metric and has been hitting it's bull flag targets since the first run from 35 cents. Despite the pullback after losing the NASDAQ listing, we retraced only a little more than the historical 57% after every bull run and the hit we took after the de-listing ended up basically just printing another flag.
Golden cross on daily two days ago as well as crossing over the 200MA on
PKK hype vs resistance test this weekWEEK OF 30NOV:
PKK has been on a tear despite missing ER guidance and we are officially at a place nobody expected to see for about a year. Has already demonstrated interaction with our important fib lines (0.618 and 0.236). It has achieved every bull flag target while I have been watching (73 cents and 98 cents) and is flagging $2.66 on the daily chart (hourly chart is shown here to display strong close last session). I would expect resistance in the form of a lot of profit taking Monday but I
Stock pick sharing: Peak Fintech GroupCompany Name: Peak Fintech Group Inc.
Stock ticker: PKK (CSE) / PKKFF (OTC) *** Plans to change ticker to TNT after NASDAQ uplisting
Sector: Technology
Industry: Information Technology Services
General Business:
- Parent company headquartered in Canada, has a group of subsidiaries operating in China's commercial lending industry.
- SME's in China contribute a large to the GDP, and yet also face difficulties in getting loans to facilitate their business operations.
- Peak Fintech Group
Junior Fintech play listed on CSE as PKK, or OTC as PKKFFThis green ascending line could be support support.
If holds this green line after earnings
around Nov 26, 2020 then start buying a small
position.
The potential head-and-shoulders mark-up reminds us that this penny stock is very risky and should be traded carefully.
However, I'm overall LONG.
-All the best,
Carmando
Peak Positioning Fibonacci Upside Targets Peak Positioning Technologies, Inc. is an information technology portfolio management company, which engages in assembling, financing, and managing a portfolio of companies and assets in some of the tech sectors. It operates through the following segments: Fintech Platform, Financial Services, and Other. The Fintech Platform segment comprises procurement and distribution of products within a specific supply chain or facilitating transactions in the commercial lending industry through technology


















