Friday the market was on fire with stocks soaring more than 200%!
The opportunity for any trader with a small account keeps growingā¦
And if you want to know how to take advantage of what weāre seeingā¦
You need to pay attention!
Every day I have a list of stocks Iām closely watchingā¦
And today, there are three stocks Iām keeping a very close eye on.
Want to know what they are?
Keep reading to find out!
Stock #1 ā WaveDancer, Inc. (NASDAQ: WAVD)
Back on November 10th, WAVD was trading around $1.20 per shareā¦
And at the time Iām writing this, itās trading at $2.80 per share.
Thatās over a 133% gain in just a few days!
Take a look at the chart.
Source: StocksToTrade
Perhaps some of you are curious about the cause of this sudden increase and what steps you couldāve taken to spot it earlier.
WAVD illustrates a classic short squeeze, but there are ways YOU can identify these stocks ahead of timeā¦
And Iāll get to that in just a few minutes.
WAVD is a multiday runner, and if you understand my 7-Step PennyStock Framework, you already know what goes up must come down.
Iām not looking to chase WAVD higher, and on Friday it did have a small morning panicā¦
But these types of plays can fall just as fast as they spike, so Iāll be looking for volume to return and for a bigger morning panic to take advantage of.
Stock#2 ā Safety Shot, Inc. (NASDAQ: SHOT)
On November 1st, SHOT was trading at roughly $1.20 a shareā¦
Itās now trading at $3.01 at the time Iām writing this and thatās over a 150% move!
Just take a look at this chartā¦
Source: StocksToTrade
Take a look at where I drew the white lineā¦
That line illustrates the point where SHOT broke out of a key multi-month resistance area and once it did that, it was off to the races.
If you want to learn more about support and resistance, hereās an old but good video I made years ago.
Identifying key support and resistance areas can help traders better understand when to buy or sell.
You donāt want to buy a stock thatās approaching a key resistance area.
Let me show you another chart to help give you a better idea.
Source: StocksToTrade
This is a yearly chart on SHOT, and this is why I always look at multiple timeframes to help me better understand what the ābigā picture is.
Most newbies wouldāve seen SHOT spiking higher from the first chart and get FOMO and want to simply buy it.
Honestly, thatās dangerous for any trader to do.
Itās already overextended and itās starting to approach a key multiyear resistance area, and knowing how much itās already spiked in the last couple of daysā¦
Iām not looking to buy it, instead, Iāll be patiently waiting for it to panic.
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SHOT is being traded like a promoter stock, so if it is promoted and does panic, promoters will likely try to save it and help it bounce back.
Stock #3 ā Altamira Therapeutics Ltd. (NASDAQ: CYTO)
On November 16th, CYTO was trading at roughly $0.10ā¦.
And at the time Iām writing this, itās trading at $0.35ā¦
Thatās over a 240% increase!
Just take a look at this moveā¦
Source: StocksToTrade Breaking News
Earlier I mentioned what traders could do differently to spot some of these most explosive moves before they happen.
On Friday morning, StocksToTrade Breaking News alerted traders pre-market about CYTO and since then, itās been off to the races soaring more than 300%!
News catalysts have been red hot for these small-cap stocks as of late, and when you have a stock that is so beaten down like CYTOā¦
Plus knowing how over-aggressive these short sellers are, and you factor in a news catalystā¦
Thatās where youāll come across some amazing opportunities.
At this point, Iām not looking to chase it higherā¦
Iāll be waiting to see if there is a solid morning or intraday panic for me to take advantage of.
Take a look at this chart belowā¦
Source: StocksToTrade
At the time Iām writing this, CYTO has already been batted down at that monthly resistance level of around $0.45ā¦
But thereās always the possibility it could trap more short sellers and send it higher.
You never know what the market is going to do, thatās why itās so critical to be prepared for every day you trade.
Before we go today, I have one thing to ask all of youā¦
How badly do you want to succeed at trading?
Success is built around understanding how this market works and having the right tools.
These three stocks are going to be on the top of my list for todayā¦
But there are plenty more that Iāll be keeping a close eye onā¦
Click here to see what other top stocks Iām watching!
I want all of you to be successfulā¦
So as we get ready to kick start another week, be sure to see what many of my millionaire students are noticing in this market and what their plan is!
šClick here for your FREE spot in this weekās trading session! š
-Tim
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