SPPI - How to Profit on Price Volume Anomaly

SPPI

The scenario:

1. Aug 10, 2016 Heavy Sell out from a high of 6.90 to a low of 5.61. Huge red candle and huge red volume amounting to 3.73M shares. 
2. Price dipped to the low of 3.20. 
3. Feb 10, 2017 Price broke out above 200ema but with small volume.
4. Price continued to rise up to a high of 6.80 but got slapped back when it hits that SUPPLY 1 / RESISTANCE 1 level. This is the previous high when it dropped heavily last Aug. 10, 2016 with a volume of 3.73M.(See #1)
5. It found support at 5.72 on a thin volume on Mar 9, 2017. This support is where the demand level is found. This is when the price broke out of the previous low of Aug, 10, 2016 on its large bearish candle. (See #1) 
6. March 17, 2017 a huge volume came popping up but surprisingly with just a small candle. This is our first Anomaly.
7. April 20, 2017 Price breaks out of 6.80 with a bit of volume at 1.75M, but not enough as to break out the 3.73M of Aug. 10, 2016. If this would be a true breakout, the breakout volume (B/O Vol) should exceed the red Drop Volume (Drop Vol) of Aug. 10, 2016. This is the second anomaly. The breakout may run only for few days just to hit RESISTANCE 2 or SUPPLY 2, the previous high at 7.65. Smart Money is not buying at this level yet. 
8. We created a Channel by connecting all the Highs and the Lows of SPPI starting from its lowest low. (See Upper and Lower Channel). We expect a resistance at at Supply 2 level around 7.65. Rounding this to quarters, the resistance would be around 7.75, which could rest just right at the upper channel. Since the Smart Money is not buying at this level, Market Maker will be forced to shake the tree and create a scare or sting to the retail investors and collect again the shares for the possible heavy demand of Smart Money at a Retest Level.
9. Possible level Smart Money are waiting for a retest. 

How to profit on this run.

1. Since we know that there are anomalies of the bullies volumes and candles, we could say that the bullish run from the breakout might last only for few days and get slapped at Supply 2. Entering at 7.00 and putting at stop 25cent below it with a profit target up to Supply 2 / Resistance 2.
2. We will reverse our move once we see a triple top at 7.75 and short the stock with a target on the Retest Level. 
3. We can also avoid #2 if you do not like shorting stock. You can join the Smart Money in buying wholesale at RETEST LEVEL.

Setting up the trading game with Accelotrade:

Go to accelotrade.com and create your game to test your ability in trading this scenario. If you haven't have any account yet with Accelotrade, just register, it is for free right now. 

Here is the setting when creating the game:

We are creating 2 games here.

1. SPPI_JRTraders_PriceVolAnomaly_01 (30days, April 20, 2017
2. SPPI_JRTraders_PriceVolAnomaly_02 (130 days, May 20, 2017)

  

Winning Patterns on Weekly Charts + Bullish Engulfing Candle with N Pattern

SOLAREDGE

SEDG

OESX - Orion Energy Ord

THE N PATTERN After Bullish Engulfing Candle with huge Volume

RVP Made a New 78 Day High last May 4, 2020. It made new high again for 6 days but failed to hold it. Nevertheless, it pulled back just slightly above the mid section of its breakout candle and breaks out of the high of May 4, 2020. The pattern of its move showed an italic letter "N". After that pattern, Price kept going upward despite low volume. The Big guns are slowly acquiring position in smaller quantities, distributing their buys in succeeding days. 

RVP on July 27, 2020 exhibited some kind of abnormality in its price action. This could be a signal of something about to reverse. This is an exit signal. The big guys are not supporting anymore with the move. The price is being moved by just the retail investors, small time traders who are late into the game. Upper channel is also reached. 

RVP made New 78 Day High on April 8, 2020 with a bullish engulfing candle breaking out the failed high at $1.74 when it had a volume of more 3,757% from its normal daily volume last March 30, 2020. 

That March 30, 2020 was a first attempt to breakout at 1.74 but failed due to presence of many sellers. The high volume though represented a very strong interest of the stock. Price pulled back lower than the low of that March 30, 2020 breakout candle. Now if you trace the formation from March 30, 2020 to April 8, 2020 a letter "N" formation occurred. The candle is also accompanied with volume higher than the red volume which caused a down day on March 31, 2020.

 In 17 days, the target of 3.86 had been captured and price went even more to $5.00 on May 4, 2020. The volume had surged again for another 350% on top of the volume that made a significant rise of 3,757% on March 30, 2020. 

The Secret to Following all Stocks by Larry William using Comparative Strength. Study on SVM, LIFE, RADA, and SNAP, BLFS, FUV

SPOTTING ACCUMULATION

"To spot professional accumulation, all we need to do is find an example of steady and determined buying in the face of a weak stock market. When this happens we have a good idea that professional buying is taking place." (The Secret of Selecting Stocks for Immediate and Substantial Gains", by Larry Williams, p. 14)

SPOTTING DISTRIBUTION

"Professional Selling will show up when we see consistent and determined selling in the face of a strong market. When the Market is surging, but selling pressures enter a particular stock, we can bet that we have a stock undergoing professional, informed selling." (The Secret of Selecting Stocks for Immediate and Substantial Gains", by Larry Williams, p. 14)

COMBINING IT WITH STOCK CHART

ACCUMULATION DETECTION

Look for Bullish Divergence. When a stock fails to be severely affected by the selling pressure of the overall market, then there is Bullish Divergence. The bullish divergence of the stock is when it goes against the overall selling market direction and rally heavily upward when the overall market is trending higher.

BELOW IS A COMPARISON OF LIFE AND NASDAQ

NASDAQ INDEX - 2020/07/20

FUV - 2020/07/20

LIFE VS NASDAQ

There is a small activity going on with LIFE but the volume seemed not to be supporting it. Maybe this is the beginning or is waiting for another pull-back before Volume comes in.

SVM VS NASDAQ

SVM is rallying strongly higher than NASDAQ

SVM vs DOW

SVM is showing strong divergence upward against falling DOW Jones

SVM by itself

SNAP VS NASDAQ AND DOW JONES

SNAP VS NASDAQ AND DOW JONES

SNAP 2020/07/20

If you see the chart carefully, SNAP is outpacing the upward strength of NASDAQ in orange line and diverging upward against the downward strength of DOW Jones in purple line. By Larry William's theory, this stock is under accumulation.

Based on Volume and Price Action Analysis, there are 2 huge red days but very small volume noticeable with SNAP. These were June 26, 2020 and Jul 16, 2020. SNAP had actually just broken out its previous high of $24.00 from its Debut day. It had now broken $25.00. If it holds on $25.00 or at least hold on its $24.00 support then this stock will continue to rise. 

RADA VS NASDAQ AND DOW Jones

RADA 2020/07/20 VS DOW & NASDAQ

RADA 2020/07/20 Volume-Price-Action

RADA against DOW is clearly exhibiting strong divergence upward against DOW's (in purple) direction. And comparing it with NASDAQ, it had shown aggressive upward move with much volatility against NASDAQ's rising price action.

Looking at the Volume Price Action Chart of RADA, it had experienced double top around $6.50 that is why it could not hold the price there and it had to come falling down. There are however 2 huge volume support which come from Sep 16, 2019 and Jan 06, 2020 which are waiting to hold the price at around $5.83. If the price does not break down $5.50 then we will have a potential for continuation of its move upward.

 

BLFS VS NASDAQ and DOW JONES

BLFS 2020/07/20 VS DOW JONES

BLFS 2020/07/20 VS NASDAQ

BLFS 2020/07/20 Breakout on Previous High

Against Dow Jones, it is clearly seen that BLFS is showing strong divergence going upward while DOW Jones was merely trading on range. If we check how it fared against NASDAQ, it basically showed a strong upward move that is a lot stronger than NASDAQ's rise. And what is so noticeable is that the strong move upward is supported with huge volume as well. This is really accumulation.

This is the calculation we had with the kids when we reviewed BLFS last 2020/07/02

TP = Target Price

PH = Previous High

VL = Volatility Low

TP = ((PH-VL)*3)+BC)

TP = ((17.29 - 11) * 3) + 18.96

TP = 37.83

1ST PULL @ 20

2nd PULL @ 27

3RD PULL @ 37.83

ENTRY RANGE: 15.30 to 17.30

At the current move this entry has not been materialized. We should have moved the entry closer to the close of 17.98 when it had the huge candle on July 2, 2020 backed with heavy volume of 3.7M compared to the normal volume of between 100-400M shares.

FUV - Fun Utility Vehicle

Early of June 2020 when lock-down of Covid-19 had been eased, a lot of companies especially in the Electric Vehicle Industry had been surging higher. Among the companies other than TESLA (TSLA) that share the same principle of using batteries charged through electricity are FUV, WKHS, NIO, NIU, and NKLA. We know that TESLA had been the pioneer of the electric vehicle and actually leading the race towards innovating the entire vehicle industry. But what caught my eyes the most is when looking at the Sales Quarter per Quarter of FUV.

Here is the entry of Finviz that will make your eyes to pop.

Fig. 1 FUV on Finviz with 23,219.30% Sales Q/Q

This stock makes the so called electric tricyle. In the Philippines you will see that tricycles or pedicabs are a common passenger vehicles for the country in the cities as well as even in the provinces. Here's how they look like.

Fig. 2 Tricycles in the Philippines

These had been slowly replaced with e-trikes which are powered not with gasoline but with electrically charged batteries that are capable of bringing it to 60kms of run before the 2 hr charge runs out. The government of the Philippines through its Office DOE (Department of Energy) were working together with the supplier BEMAC that completed its delivery of 3,000 units last September 2019.

Fig. 3 New e-Trikes in the Philippines

The picture above is the sample e-trike which Mayor Estrada had been pushing to replace the pedicabs and make a Manila a "green city". The e-trikes can save not only the planet but as well as the expenditures of the drivers who do not need to spend for gasoline and boundary fees anymore. The Philippines, despite being the least with North America had been ahead in rolling out something new. The better part of the new e-trike is that it can actually have 6 passengers including the driver. Pretty cool eh! For more information there is a video in youtube about BEMAC e-trikes.

Now back to North America, this new technology which is going to be the bread and butter of transportation as well as livelihood in the Philippines was somewhat taken into different light. It is going to be a Fun Utility Vehicle. So instead of having the usual Sports Utility Vehicle, you now have the new Fun Utility Vehicle by Arcimoto. The only downside of this Fun Utility Vehicle is that it can hold only 2 persons much like just an ordinary motorcycle, except that it has three wheels and runs on batteries.

Fig. 4 Arcimoto FUV "Fun Utility Vehicle"

The main idea that Arcimoto presented is to cater to the entertainment need of the people. No wonder it was designed for only 2 seats. Mark Frohnmayer, CEO & Founder of Arcimoto mentioned that like San Diego of which they noticed most people utilized the Ubber and the Lift for going around. So if they can have FUV stationed around that people can easily rent like the scooters, people would really love to see that and will have more fun with it. Thus, its name take the name FUV, FUN Utility Vehicle.

Back with the chart it had created, FUV had jumped 816% rise after it bottomed to 0.97 during March 2019 during the Covid-19 lockdown.

Fig. 5 FUV on Tradingview 816% Rise

But like I said, what caught my attention other than the rise of its stock is the Sales Quarter for Quarter listed in Finviz. I always want to know the reason behind the sudden surge of its price and why there had been great demand that pushes the stock to mark up its price higher.

And these are the interesting facts I found. 

SEC.GOV "All Filings of every companies should be in this site"
Even though sec.gov is supposed to be the main resource for all the company filings of a company. This time Arcimoto did not place all there Press Releases in filings. You need to go to their website and learn the Press Releases that they made.

1.8 to 2.63 Jump on April 27, 2020
When it made a jump from 1.80 to 2.63 in a day last April 27, 2020, there was nothing in the filings that talked about it. There was however a filing of DEF 14A 2 days after the significant rise which was about the Notice of Annual Meeting of Shareholders. It also talked about the plan to approve an amendment to the Arcimoto, Inc. 2018 Omnibus Stock Incentive Plan to increase the number of shares reserved for issuance thereunder by 2,000,000 shares. (See Fig. 6 FUV on April 27, 2020 and 2 days after)

Fig. 6 FUV on April 27, 2020 and 2 days after

10K - Revenue Up by 940% in 2019 compared to 2018 - April 14, 2020

Digging up a little further I found out 9 days before the Spike in price and volume FUV had released its 10K with a huge revenue jump from 2018 to 2019 and these were the interesting things that came up.

They also highlighted this report in their Press Release which was placed in their website. It was also placed under 8-K on sec.gov. Revenue was up by  940%, with 2019 raking up $987.85K compared to $94.99K of 2018. Revenues were mostly due to 46 Evergreen FUV Edition.

1. 891K from FUV Sales
2. 20K on related party
3. 49K on Delivery charges
4. 44K from Machining
5. $2K from Parts and Services

As you can see they still are not profitable by any margin. They just started anyway. The Net Loss have increased from ($11M) to ($15.3M). Yet. these did not deter the Investors to pour money in 9days after creating a spike for this new company which debuted last Sep 21, 2017 (less than 3 years ago).

June 9, 2020 Re-Opening of Few Businesses another spike upward on FUV.

29 Trading days after the initial run FUV made another significant New High of $3.57. 

Remember also, that last May 12, 2020 they filed an 8K in the securities commission that the 10Q of 2020-Q1 will be delayed to June 29, 2020 due to Covid-19 Pandemic Lockdown. The deal of interest came surging again in anticipation of another good news from Arcimoto.

The surge may also have been fueled because of the re-opening of some businesses after the lock-down on Covid-19. Surprisingly enough, the entire gamut of Electric Vehicle Industry seemed to be in unison of that same day. 

WKHS - Workhorse was up breaking out to a New High above the 200 days moving average.

  

TSLA - Tesla was also up even though the volume was not really very strong. But since TSLA was the pioneer, the entire industry may have come rallying with it. TSLA was actually up the day before.

NIO was also breaking out to New High pretty similar to TSLA move.

NKLA had the greatest spike, a clear Supernova move from $40.00 to over $90.00.

June 10, 2020 PRESS RELEASE

1 Day after the June 9, 2020 Spike, Arcimoto issued another press release mentioning that the Net Pre-Orders of FUV had increased by 980. So from 3,217 it had gone to 4,197 total Pre-Orders. If you multiply this against the FUV retail price they set last Feb. 7, 2019 of $11,900 this would bring up a huge revenue of $49,944,300. That's a lot of money on pre-orders.

June 11, 2020 Arcimoto released 10Q for 2020-Q1

Unaudited 10Q Gross Profit had turned over negative $1M due to the high expenses on the cost of Goods being sold reaching $1.6M. Such report of course did not deter investors from coming in to buy more shares. Although this can be a source of red flag already on Arcimoto with stock price so jacked up and revenue turning sour due to heavy expenses 

The price of course of FUV had risen up to $8.89. Mind you, their Press Release last June 10, 2020 also include a 4 year contract with 160 FUV from New Zealand. This would translate into $1.9M if we multiply the 160 FUV units to its retail price of closed to $12K. 

The company therefore looks promising. We just need to find were the comfortable support line for the big pocket guys to come in and start putting in again their money. Currently, profit taking are what you can see starting July 6, 2020 with a huge red volume. However, we see an anomaly of the red volume 5 days later when the red candle was dropping heavily but with a volume slightly half the size of July 6, 2020. This is an exhaustion from the sellers side. They seemed to have been overcome by the bulls.

 

In the hourly chart of FUV, it seems to be that the red volumes are getting smaller. Jul 8, 2020 is when we saw an anomaly of the price move. There was not much volume to push the price higher and the red volumes were picking up in succession on July 9, 2020. People are getting scared and those who had came in early are also taking their profits from the table. Big time Investors are just waiting fro the right time to come in. As you can see, the possible support range would be around $4.50 to $5.00.

If this company is able to control the expenses and start having the orders being paid with continuous more orders being processed, there is a big possibility that the company would not just surpassed it latest high of $8.89 but it will have the potential to go beyond. Last June 29, 2020 they also made another Press Release stating that there will be 170,000 Repair Centers to be established. If you assume that there will be 20FUVs per repair center then we can deduct that we will be expecting around 3.4M FUVs to be produced with $40.8 Billion Expected Revenue. These are all hypothetical of course. But if they can stand like Tesla did, then they will be able to really make this into a reality.

 

Volume Price Action Analysis and taking profit on it.

I had been reading the book of Anna Coulling, "A complete Guide to Volume Price Analysis" and I was struck of the basic simple principles that all time great traders had followed making them so successful in the Stock Market.

Richard Wyckoff is one of the great trader and teacher who had been the contemporary of Charles Dow. As Charles was the founding father of Technical Analysis, Richard was the the founding father of Volume and Price Analysis.

Why Volume and Price Analysis? Because he believed the basic laws of Supplky and Demand just like Charles Dow and Jesse Livermore whom Wyckoff had interviewed many times during his publishing years when he tried to ensure that self directed investors be given insights of how market actually worked.

Wyckoff presented 3 Basic Laws he deducted from his years of experience. At and early age of 15 in 1888 he had been exposed to the Market as a stock runner, almost same time as Charles Dow was launching of the first edition of his Wall Street Journal. It was during these early years that it seemed to be that the "ticker tape", (the chart we have now a days) inspired him to understand clearly the direction of the market. 10 years later his in-depth insights with the Market through the ticker-tape made him enough money at age 25 to open his own brokerage office. He dedicated his understanding of the market to give it back to the smaller investors by being an educator and source of unbiased information.

Here are the 3 Laws he concocted for small time investors which had been the same tenets made as blueprint by all Wall Street Investment banks.

1. Law of Supply and Demand.
   When demand is greater than Supply, then prices will always rise.
   When supply is greater than Demand, then prices will always fall, absorbing oversupply in return.
   Prime Example: On Winter Sale, prices are low and buyers come in to take on the supplies.
   
2. Law of Cause and Effect.
   A small amount of volume activity will only result in a small amount of price action. 
   
3. Law of Effort and Result

   

WKHS - Another W Pattern of Covid-19 and a Mania of all Electric Vehicle.

WKHS, Workhorse is an all electric vehicle company on the Van fleet side.

Some key factors that resulted its uptick.

1. Similar to Tesla enjoying the ride of the all electric vehicle mania. As Tesla had been profiting on its sedan models, this stock came showing with their battery operated Van Fleets for Delivery services like UPS, FEDEX and DHL.  This has been covered by Fool.com's Jul 2, 2020 article called "Why Workhorse Stock is up today?"
2. Similar to those other stocks that had dropped so big during the pandemic locked down, this stock had rebounded in a "W" pattern.
3. May 6, 2020 a huge surprise Fundamental caught the attention of investors. WKHS Net Income made a whopping turn around of $4.8M compared to its negative Net Income of 2019 1st Quarter ($6.3M).
4. A technical breakout from its previous high of $5.35 had just occurred last June 22, 2020    

WKHS as of June 22, 2020

This is the 3rd New 78 Day High Occurrence. This should have been where you placed an entry before the close of the day. 

WKHS with price reaching to a new high of $22.90. 

This is a total explosion in just 6 days. A Supernova effect. The question remains if this stock will be able to continue its fire or it is just a move due to hype. With the fundamental of having a positive turn around on its Positive Net Income of $4.8M compared to the negative result of ($6.3M) in Q1 2019, the stake is high. All those that had been burnt from its losing streak last April 2016 and have persevered are now reaping up their profits. But those who have enjoyed the ride from $5.35 breakout are now cashing in their money. See the drop as of July 6, 2020 (next chart below). A -23% drop.

WKHS July 6, 2020 -23% Drop.

To see clearly of the direction of this stock in the long run, we need to view its monthly chart.

WKHS July 6, 2020 Monthly Chart

The month of June was a real solid month having a surge in price action from $2.45 to a high of $20.00 clearly breaking out with a bullish engulfing candle the previous highs of $10.00-$12.00. We could probably base our next Target on this stock using the monthly chart.

Based on our Calculation.

TP = Target Price

PH = Previous High

VL = Volatility Low (usually the support)

BC = Breakout Close (This is when it made a huge breakout with an bullish engulfing candle 

TP = ((PH - VL)*3) + BC

TP = ((10-0.82)* 3) + 17.39

TP = 44.93 OR 45.00

So our probable target is around $45.00 for this stock. All we have to do is find those days where ti will have its pullbacks and position ourselves there. The nice things with this move is that as you can see the volume is really very significant. It had surge to 1,704.80% from its normal monthly trading volume. There could be a probability that it will retest its previous highs of $12.00 down to $10.00.

Finviz had identified the following for this stock

EPS Q/Q = 150.10%

Sales Q/Q = -75.00%

The Earnings per share has already advanced due to growing interest. The Sales would probably follow when FEDEX, UPS and DHL would place orders on the electric Vans. For now it is still speculation. But look at TESLA when it started with its EV Cars, now it is enjoying a huge gain from $17.54 to $1,377.79 for a period of 10 years.

 

TSLA June 22, 2020 Monthly Chart

 

1. From Debut to New breakout to $100.00 it took TSLA to do it for 2 years and 10 months.
2. Then from that timeline it took 5 years and 7 months to breakout to $400.00.
3. From $400.00 it took only 8 months to reach $1,377.79/share 
4. The retest to $400.00 came after 3 months after breakout. This is what we are going to look for WKHS. a retest to its previous high. The retest on WKHS could probably be between $10.00 to $12.00. See the yellow rectangular box on monthly chart of WKHS.

BLFS - W Pattern after fall - Increased Revenue - Huge Volume Breakout

BLFS - BioLife Science Solutions

Website: https://www.biolifesolutions.com/

Company Information based on Finviz:

BioLife Solutions, Inc. is a manufacturer and supplier of bioproduction tools for the cell and gene therapy industry in North America, Europe, Middle East, Africa, and other parts of the world. It's products are utilized for biologic-based therapies. Its main strength is the proprietary biopreservation of media products. Products include HypoThermosol FRS and CryoStor that are formulated to mitigate preservation-induced, delayed-onset cell damage and death; and the ThawSTAR line that includes automated vial and cryobag thawing products that control the heat and timing of the thawing process of biologic materials. The company also provides evo shipping containers that are cloud-connected passive storage and transport containers for temperature-sensitive biologics and pharmaceuticals; and liquid nitrogen laboratory freezers, cryogenic equipment, and accessories. The company markets and sells its products directly, as well as through third party distributors. BioLife Solutions, Inc. was founded in 1987 and is headquartered in Bothell, Washington.

CHARTS:

1 Decade Weekly Chart of BLFS by BigCharts.com

In the longer term, the oscillation is between $10.00 and $20.00 If that oscillation goes acute towards the $15.00 and breaks out with a huge volume, then we are up for a big bull run.

CURRENT CHART OF BLFS on TradingView.com

Observations from the Charts above:

1. March 20 - Sep 20, 2019 Double Top formation at $21.000 which dropped the price significantly down to $15.00.
2. Nov. 12, 2019 MA50 Crossed below MA200. Signal for reversal to downside.
3. March 12, 2020, a bottom seemed to have been reached at around $7.37 of which investors tried to pick up small quantities of buys.
4. May 4, 2020, Price crossed above MA50 with a small volume but quite a strong price move. 
5. May 15, 2020, Rally in small volume continued with price crossing above MA200. 
6. July 1, 2020 MA50 crossed above MA200.
7. Jul 2, 2020 Huge candle with huge volume at 800% than normal volume. The large candle engulfed all other previous candles. Breakout from previous high of 17.30 occurred.     
8. A "W" pattern can be detected from Mar 12, 2020 to May 13, 2020 with all lows going higher. 

All of the above observations are strong bullish signals. We have therefore here a stock which had been beaten during the pandemic of Covid-19 but is now reviving.

FEW FUNDAMENTALS based on News and Press Releases.

1. 2020/05/13 Earnings ESP (Expected Surprise Prediction) = 816.68% and ranked as ZACH #3. This came up in Yahoo Finance Zach article on May 13, 2020 "Why Earnings Season could be great for BioLife Solutions (BLFS)". BioLife Solutions is seeing favorable earnings estimate revision activity as of late, which is generally a precursor to earnings beat.
   
   The most accurate estimate for the current quarter of BLFS is currently at 4 cents per share compared to broader Zack consensus estimate of break even earnings. This new estimate suggests that analysts have bumped up their estimates for BLFS, giving the stock a Zack Earnings ESP of +816.68% heading into earnings season.
   
   A positive reading for Zacks Earnings ESP has proven to be very powerful in producing both positive surprises, and outperforming the market. Zach 10 year backtest shows that stocks that have a positive Earnings ESP and a Zack Rank #3 (Hold) or better show a positive surprise nearly 70% of the time, and give a return of over 28% on average in annual returns.
   
2. The same article in Yahoo Finance from Zack mentioned BLFS as "The Hottest Tech Mega-Trend of All." It went on to say "Last year, it generated $24 billion in global revenues. By 2020, it's predicted to blast through the roof to $77.6 billion. Famed investor Mark Cuban says it will produce "the world's first trillionaires," but that should still leave plenty of money for regular investors who make the right trades early."
   
   My comment on this article is that the revenue of BLFS on year 2019 did not really account to 24B. It was increased however to $27.4M compared to $19.7M of year 2018. A gain of 39% year over year. This is based from the 10K filing of BLFS.
   
3. 2020/07/01 BioLife Solutions Announces $9.6 Million to $9.8 Million in Preliminary Revenue for Q2 2020.   
   
4. 2020/07/02 BioLife Solutions Announces Pricing of $75 Million Public Offering of Common Stock. Proceeds of this public offering will be utilized for acquisition of companies that align or compliment their own technology.
   
   Most stocks that offer public offering will always experience a period of price devaluation. Investors look forward to that end because, that is where they can possibly position themselves at a cheaper price. Market Maker of course will try the best way they can to get the price to lower down so it could offer cheaper valuation to big buyers.
   
   If today we are seeing a double top on the chart, Market Maker may make of this as a good scenario to drop the price and those small time holders who will see the drop will panic and release their shares, giving the Market Maker more shares to collect and offer later at a cheaper price to big time investors.

CALCULATING THE Target Price based on the W Pattern and its rise.
Based on this pattern we could somehow calculate the possible target price of the stock.

1. The rise from position W to the (X2) at 17.25 comprised of a height equal to $9.8. We call this height as H1.
2. If we use that same height as H2 and place its bottom at position Z at around $14.50. Then by adding H2, $9.8 to Z, $14.50, we can get a possible rise of $24.35. This is our Target Price based on the W Patter price ascent. 

CALCULATING THE PRICE TARGET BASED ON THE BREAKOUT

1. The candle and the volume on July 2, 2020 made a huge move of the price. The candle showing is a bullish engulfing candle from a low of $15.64 to a high of $20.42. 
2. This candle of July 2, 2020 broke the Previous High (PH) of $17.25 with a Breakout Close (BC) of $17.98.
3. Volatility Low (VL) is at around $11.00 which is the top of the drop off candle of March 12, 2020. That is when the volume's height is second in length against July 2, 2020.
4. Substituting all the values of PH, VL and BC, we can then solve the Target Price (TP).
   
   TP = ((PH-VL)*3) + BC
   TP = Target Price
   PH = Previous High
   VL = Volatility Low
   BC = Breakout Close
   
   TP = ((17.25 - 11) * 3) + 17.98
   TP = 36.73 or 37.00
   
5. We basically have a bigger Target Price compared to our W Pattern Target Price.
   We can then use this for our Profit taking target. We will try to enter between $14.50 to $16.50 and we will set our profit taking in 3 different levels.
   If we buy 300 shares, then we sill have the following profit level set up.
   
   1st PROFIT TAKING set @ $20.00 - 1st 100 shares
   2nd PROFIT TAKING set @ $27.00 - 2nd 100 shares
   3rd PROFIT TAKING set @ $37.00 - Last 100 shares
   
   

PRACTICE MAKES YOU PERFECT.
There are 2 practices that you can do to do this kind of move.

PRACTICE GAME on Accelotrade using a similar W Pattern of ETSY.

PRACTICE GAME USING BLFS from Previous date as far back as Feb. 13, 2017.

Here are the Parameter setup you can use in creating the game for yourself in Accelotrade.

1. Practice in PLAY Mode using the W set up of ETSY in Accelotrade.com
   Use the following parameters in creating your game.
   
   Name: ETSY_yourname_yyymmdd
   Timeout: 0.01 hrs
   Simulation Date: April 24, 2020
   Duration: 67 Days
   Security Type:  Custom
   Stock: ETSY
   
   
   Here is the simulation http://www.accelotrade.com/moi/?gameID=G_18450946645401584
   
   
2. Practice a previous set up of BLFS.
   Use the following parameters in creating your game.
   
   Name: BLFS_yourname_yyymmdd
   Timeout: 0.01 hrs
   Simulation Date: Feb. 13, 2017
   Duration: 154 Days
   Security Type:  Custom
   Stock: BLFS
   
   Create the game first and play it before watching the tradingview chart below.

BLFS Feb.13, 2017 to March 12, 2020 (154 days run) on TradingView.com