Below is an analysis of the stock price action for DiDi (DIDI), Yumanity Therapuetics (YMTX). You can find a recap table at the end of the page. The content on this page is not financial advice, but is for educational purposes only and merely cites our own personal opinions. You can find the full disclaimer here.
DIDI gapped up this premarket, long strong for most of the premarket with a breakout above the 2.90 level then the 3 level. Volume decreased and RSI decreased before the open so a breakdown or at least selling on the open was looking likely. The stock sold hard on the open, then tried to reclaim VWAP, but wasn't able to do so as volume was decreasing. It broke down, then consolidated most fo the day at the 2.5 level. It did finally break the 2.5 level near end of day. Overall it is looking rather weak for a move to the upside tomorrow. A sideways consolidation or retracement back to 2 is looking likely.
Yumanity Therapuetics (YMTX)
YMTX gapped up premarket looking somewhere between okay and strong before the open. Perhaps not the strongest, but it was consolidating above VWAP. It tried to hold VWAP on the open but broke it. A reclaim occurred right after, but volume and RSI decreasing indicated a breakdown. It had a hard flush down and break past VWAP and the 2 level. It traded mostly sideways with one retest of the 2 level and VWAP. Right now it is holding the 1.90 level which makes it interesting for tomorrow. If it can grind up to the 2.10 level, it might see a squeeze, otherwise a breakdown of 1.85 might lead to a further retracement.
|Shares: +500milIndustry: Road & RailCatalyst: Positive Company NewsATR: 0.25 - 0.50Time Frame: 1 MinuteResistance: 2.9Resistance: 2.45Support: 2.35Support: 2.05||Shares: 10-25milIndustry: BiotechnologyCatalyst: Positive Company NewsATR: 0.10 - 0.25Time Frame: 1 MinuteResistance: 2.25Resistance: 2Support: 1.85Support: 1.55|