Welcome traders,
You NEED to understand my weekend-trade pattern in this 2024 market.
Last weekend marked the third trade in a row that I profited from a stock that spiked Friday to Monday.
The first was Laser Photonics Corporation (NASDAQ: LASE). Here are my trade notes:
The second was Azul S.A. (NYSE: AZUL):
And last weekend was Verb Technology Company Inc. (NASDAQ: VERB):
You don’t need to trade all day every day.
One good trade a week can make all the difference for your account!
Learn my weekend pattern before trading starts this Friday.
Plus, last weekend’s runner, VERB, is set to spike higher this week …
Here Are All The Details:
The weekend strategy is a solid setup for new traders.
But there are more profit opportunities this week for traders who have some time.
For example, I’m still watching VERB right now. The company has a history of pumping its stock.
Take a look at the monthly chart below, every candle represents one trading day:
Past spikers can spike again!
The stock won’t spike the exact same way as last time, but we can look at former spikes to get an idea of possible price action
Notice that the past spikes on VERB only lasted one trading day … Already I’m wary that VERB won’t be able to spike without another definitive promotion.
We have to think practically about these stocks! It’s possible that this fades like the last two spikes.
With that said, it’s also possible we see another promotion highlighting the company’s TV show …
The first episode aired last week. The show features stars like UFC fighter Micahel Chandler and actor James Maslow.
It’s called ‘Go Fund Yourself!’. And from what I gather, it’s an investment show that could appeal to a similar audience as the popular show ‘Shark Tank’.
A second episode will introduce the opportunity to build more hype around this stock.
But … To truly capitalize on a secondary spike, we have to determine areas of support and resistance from the most recent spike.
Intraday Levels
On Monday, prices fell below two major levels from Friday.
On the chart below we can see areas of resistance at $0.065 and $0.07. These are levels that VERB bumped up against frequently on Friday.
Take a look below, every candle represents one trading minute:
Every trader who bought above these levels, they’re potential bagholders right now.
These people are hurting to let go of their shares. Even if it’s a break-even trade. Which means the stock will face significant bearish price action when it hits these levels.
For a truly bullish trade on this stock: I want to see another press release and I want the price to AT LEAST spike above $0.065. Above $0.07 would be most ideal!
Set an alert in StocksToTrade, you’ll get a notification if the price moves above these levels.
And for anyone who struggles with trade plans, use my AI trading bot!
The patterns that I use to trade are always the same. It was only a matter of time until the AI caught on …
Enter the VERB ticker into the AI and it will spit out a trade plan as if you asked me directly.
Look alive this week! The 2024 volatility isn’t over yet.
Cheers.
*Past performance does not indicate future results
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