Amidst rising bond yields and the Fed’s ongoing battle with inflation…
Many investors might be feeling a bit uneasy with the latest news.
But here’s the twist, while others may see turbulence in the overall market, I’m seeing opportunities left and right with these low-priced plays!
Today, I’m going to share with you three stocks that have caught my attention despite everything happening in the market.
I’ll walk you through how I found them, why they’re on my radar, and what my trading approach is to potentially profit from them.
Are you ready to take advantage of today’s opportunities?
Let’s dive in!
Table of Contents
Gritstone bio, Inc. (NASDAQ: GRTS)
Source: StocksToTrade
Do you know what I like about this chart?
If you said it’s a multiday runner, that’s the correct answer!
The way I spotted this multiday runner was simply because of its big percent gain back on September 28th.
Seeing that it’s a multiday runner, there is one thing that I expect to happen…
Who knows when it’s going to panic, it could be today or next week…
But I want all of you to have this stock on your radar if there is a solid morning panic.
Nothing is more powerful than being prepared in today’s market!
GRTS went from $1.20 a share to $2.50 at the time I’m writing this based on this news…
That’s nearly a 110% move in just a few days!
GRTS is also up against a multimonth resistance level, take a look…
Source: StocksToTrade
Knowing that, I’ll be closely watching to see if GRTS can break through this level, and if it can it will face another resistance at around $3 per share.
But if it can’t break through and it does panic, I’ll be looking for a bounce around that $2 mark.
You don’t need to be getting overly aggressive with these trades, and this play was a little choppier than normal yesterday as the volume dipped.
So keep a close eye on it, and make sure there is volume and price movement with this play…
But remember, if it fails to bounce as you expected it to, be sure to cut losses quickly!
Novo Integrated Sciences, Inc. (NASDAQ: NVOS)
Source: StocksToTrade
This is another multiday runner that I’m currently watching…
I first spotted this stock a few weeks ago as it was a StocksToTrade Breaking News alert based on this news…
Every time I spot a stock that is spiking, I add it to my watchlist…
And the reason for that is because it can either keep running or offer you multiple opportunities down the road.
You never know what’s going to happen with these plays, but even though I traded it weeks ago, it’s still on my radar today.
At the time I’m writing this, NVOS was batted down from the multimonth resistance level near the $0.50 mark.
This low-priced play has shown its ability to run, but the price movement has been a little slow for my tasting as of late.
So in the coming days, I’ll be looking to see if NVOS will offer me a solid morning panic for a dip buying opportunity…
More Breaking News
- GigaCloud Technology: Transition to Global B2B Platform Captivates Academia
- NU Holdings Stocks: Market Trends and Financial Insights
- Blue Owl Capital Gains as Bank of America Highlights Buying Opportunity
- UWM Holdings Faces Rough Waters Following Market Shifts and Insider Sales
And make sure you’re focusing on key support and resistance areas, along with Level 2 to help you identify a solid entry point.
Histogen Inc. (NASDAQ: HSTO)
This is an interesting play…
And the reason it’s on my radar is because it’s a big percent gainer…
No surprise there!
Take a look.
Source: StocksToTrade
HSTO has been batted down twice at that key resistance level of $0.80, but it’s the latest surge in volume that has helped it squeeze higher.
Short sellers are aggressively shorting this stock near this level, and we’ve seen in the past what happens when they get overly aggressive.
So I’ll be watching to see if this stock could break out through that key level…
But mostly I’ll be waiting to see if it will have a solid morning panic and look for support around $0.60 for it to bounce off of.
One Last Thing
You need to start by looking for big percent gainers…
And you need to understand that not every single one will result in a trade.
The thing is, you need to focus on plays like this to even give you a chance to succeed in this market.
Minutes matter when it comes to trading, so you need to understand how you can put yourself in the best possible position to capture opportunities like these.
The market works in mysterious ways, and what is working today could shift next week or a month from now…
So make sure you’re preparing by taking advantage of these FREE trading sessions to stay up to date on the latest market trends!
I’ll see you in chat.
-Tim
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