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I rely mostly on charts (technical analysis). I will look at overall economic fundamentals and then look at the best industries (fundamentally) then use charts to decipher what is best to own in that industry.
SPIR- On a weekly basis, the stock is very overbought. A stock can remain overbought for a while though. It's a warning basically. The daily chart shows a possibly ascending triangle forming which would target $14 as a breakout point. However, there is a gap to be filled all the way down to about 8 and since the stock has already filled part of the gap it most certainly will fill the rest. Risk is to the downside in the short term.
AVNC- The stock is at 1.49 and has a gap to fill from roughly 2 to 4. Eventually I would expect the stock to fill the gap unless the company's fundamentals are terrible. The chart looks bad but the downside risk is minimal at this point. Should rally to the bottom of the gap at least which is around 2.10 I'm guessing. Also has a gap in the low 1's that it might fill. Overall downside risk is minimal but on a percentage basis it will be very volatile.
HQSM- Very nice looking weekly chart. Looks to be forming another bull flag which it did after the last nice weekly rise. On a percentage basis it will be volatile, but this should rise 100% or more in the next 12 months.
CMKX, a lot of volume but overall $$$ being traded is so small that you cant really do TA on it
SIRI- I would avoid it. Technically there isnt anything that excites me. Volume and accumulation has lost power as the stock has moved up after the recent big correction. I'm not bullish on the nasdaq so I wouldnt be buying SIRI.
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