October 2022 Stock Picks

October 2022 is here. Before you splurge and pamper yourself, here are some stock picks for you to consider.

1. Castor Maritime (CTRM)

This is one of my current holdings. It broke my previous HNS setup. So, I am considering adding a position since it currently at a major support + double bottom formation + divergence position. Not to mention that its fundamentals is good too.

2. Salarius Pharmaceuticals (SLRX)

Yeah, one of my current holdings as well that I am considering adding positions. It is currently accumulating positions before moving up hopefully. The only question is… when will it start going up? Only god knows.

3. TalkMED (5G3)

As a Singaporean, I need to play part to support locals as well. So, yeah, another one of my current holdings that I am considering adding positions. At the moment, from the technical point of view, it is showing a good phase of accumulation with a sign of upword movement presented by the divergence. But not sure when it will go up. However, I do believe with the end of Covid-19 period, business will start to pickup, and the company will be able to resume its services of providing its oncology and palliative care services to its patients.

4. The Andersons (ANDE)

5. Indonesia Energy Corporation (INDO)

Entry: 6.45

SL: 4.05

TP: 13.8

6. Ucommune International (UK)

Probably you’d tell me the price is dropping, why would you buy?

Honestly, it is just my style of trading. I like to purchase stocks that are dropping that people are selling so that I can purchase at a bargain. That’s my general trade philosophy.

From technical point of view, the current level present a strong support level + forming a double bottom pattern after the price drop that perhaps happened to stopped out the buyers who bought at the breakout of the downtrend.

Entry: 2.70

SL: 1.80

TP1: 5.55

TP2: 19.50