Another Biotech Spiker

by | Jan 30, 2024 | Trading Lessons

Hey traders, it’s Bryce here.

Last week’s big biotech spike came from Corbus Pharmaceuticals Holdings Inc. (NASDAQ: CRBP).

The stock launched 370% on Friday, January 26. It was directly after the company announced positive data from its first human trial for a new cancer treatment.

There’s a chart below with the news alerts included …

CRBP chart 1-day, 2-minute candles Source: StocksToTrade

There were at least two dips during the day that offered solid profit opportunities.

And going into Monday, even my mentor Tim Sykes was looking for the next biotech spiker.

Sure enough, a former runner announced positive data from a preclinical test for a new treatment of GI diseases. The price spiked 180%.

And there’s still a chance it pushes higher.

The market is on fire right now. And I’ve got a watchlist full of multi-day runners.

Monday’s biotech spiker is at the top of my list.

Palisade Bio Inc. (NASDAQ: PALI)

Like clockwork: The company announced news and the price started to spike.

But it matters when the news is announced. Especially for small-account traders.

I’m not watching the market all the time. That would be exhausting. And one of the reasons I started trading was for the freedom it can offer. I don’t want to enslave myself in front of a computer all day.

The best spikes come from stocks that announce news during premarket hours. Like CRBP did on Friday morning.

PALI announced its news on Friday afternoon right after the market closed. Take a look at the chart below … 

PALI chart multi-day, 5-minute candles Source: StocksToTrade

There were opportunities to profit: After hours, during premarket, and within the normal trading day.

However, I can’t help but wonder how far it could have spiked if the company announced the news on Monday morning.

Pour one out for what could have been … 

Oh well. There’s always another trade to make right around the corner.

And there could be another opportunity to profit from PALI in the short term.

PALI Trade Setup

Stocks that consolidate can push higher.

I mentioned my watchlist of multi-day runners: 

  • RVSN
  • PHUN
  • DWAC
  • RUM

Those are some of the most active right now.

Thanks to the overall market strength, we’re witnessing an abundance of multi-day runners. 

PALI isn’t a guarantee. But that’s why we use trading patterns.

“AI Weatherman” Uses Strange Forecasting System to Predict Stock Moves

They call this new tech “The AI Weatherman”

Because it can forecast the future moves of stocks like a weatherman would predict weather…

…With downright scary accuracy…

How does it do it?

Well, it’s all thanks to a unique stock scoring system unlike anything I’ve ever seen before…

A stock’s consolidation is a hint the price could push further. Once we recognize that momentum, we start to plan a trade based on the stock’s price action.

PALI consolidated around $1 before Monday’s close.

There’s a chance it bounces off of that level. But by the time you read this on Tuesday morning, the price action may have changed.

Join the next live stream and follow along as we track the chart in real-time.

There are new profit opportunities every day. And PALI is at the top of our list right now.

Don’t miss the next trade!

Cheers,

Bryce Tuohey

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