This is one of the hottest markets we’ve seen in a while and if you’re wondering what some of the hottest plays are for traders like you to take advantage of…
You need to pay close attention!
We’re seeing so many new spikers, multiday runners…
It has short sellers shaking in their boots!
Trading is all about knowing how to take advantage of the best plays that are right in front of you.
So today, I’ll be sharing four of the top stocks I’m currently watching and how you should plan to trade them in the days ahead.
Let’s get started!
Table of Contents
Stock#1 – Northann Corp. (NASDAQ: NCL)
Back on October 19th, NCL was trading at roughly $3.25 per share…
Then over the next 12 days, it continued to move higher day after day until November 7th.
Just take a look at the chart…
Source: StocksToTrade
On November 7th, NCL was trading at roughly $22 per share and by the end of the day, it dropped down to nearly $4 per share.
That’s roughly an 81% drop in a single day!
That’s the type of volatility we could potentially see with these multi-day runners, so be careful not to get caught up and hold and hope for it to rebound.
After NCL dropped from nearly $22 per share down to $4, it started to regain momentum and at the time I’m writing this, it’s trading at $11.60 per share.
But looking at NCL, it reminds me a lot of Cloudweb, Inc. (OTC: CLOW)
Take a look…
Source: StocksToTrade
The pattern is nearly identical, and as NCL continues to move higher day after day, I’m not looking to chase it higher…
But instead, I’ll be waiting for it to have a solid morning or intraday panic.
Remember, we aren’t looking to buy those gradual sell-offs, we want that quick panic where it bounces.
Knowing how much NCL has sold off previously with no bounce, you need to remember to cut losses quickly if it doesn’t bounce quickly.
Stock#2 – Ondas Holdings Inc. (NASDAQ: ONDS)
On Nov 15, ONDS was trading roughly at $0.51 per share and at the time I’m writing this, it’s trading over $1.07 a share…
That’s a 109% increase in just a few days!
I want you to take a look at where I drew the white line…
Source: StocksToTrade
In July, ONDS finally broke out from a resistance level of around $1.10 per share…
But it wasn’t long before it fell back below that key level, becoming resistance yet again.
As ONDS is starting to retest that resistance level again, and with it being a multiday runner…
I’ll be keeping a watch out for that early morning sell-off…
But If it can regain the volume and trap some of these short sellers off guard, it could potentially break out and retest the $1.50 mark.
Stock#3 E-Home Household Service Holdings Limited (NASDAQ: EJH)
EJH is another solid multiday runner, just take a look at this chart
Source: StocksToTrade
As it reminds me a lot of NCL, I noticed something slightly different.
Over the last few days, EJH had some early morning panics…
I’ve circled them for you to see.
Source: StocksToTrade
EJH had some steep panics as the market opened, but they were very choppy.
I’m not comfortable trading choppy stocks, and I tell all of my students not to get caught up in these plays…
But that doesn’t mean I wouldn’t trade it.
Over the next few days, I’ll be looking for EJH to panic, but I’ll also be watching to see if it can squeeze higher and break through that $5 mark it’s tried to in the past.
Stock#4 Altamira Therapeutics Ltd. (NASDAQ: CYTO)
You may recall this stock from yesterday, but at the time I’m writing this, CYTO was soaring above 40%!
CYTO is still trying to break through that key resistance area around the $0.45…
Here’s the chart.
Source: StocksToTrade
CYTO has already tried a few times to break out, but it continues to fail every time…
Take a look.
Source: StocksToTrade
Notice where I drew this white line, that’s the resistance area I’m talking about…
But I also want you to pay attention to where I drew the white arrow.
CYTO had a solid panic as it tried to break out yet again around the $0.45 mark, but short sellers were ready for it as it approached that key level.
I’ll be keeping a close eye around the $0.30 mark to see if it can panic below it, but any solid panic of 10-20% would be ideal.
Final Thoughts
Every time I spot a big percent gainer or multiday runner…
The first thing I think of is dip buying.
Over the last 20+ years, it’s a strategy that has helped me profit over $7.5 million in trading profits…
And I continue to teach this strategy to all of my millionaire students.
I want all of you to be successful when it comes to trading!
If you’re looking to advance your trading knowledge and want to take advantage of some of the best plays out there…
Be sure to tune into our FREE weekly trading sessions!
I’ll see you in chat.
-Tim
Leave a reply