The Sleeping Giant

by | Mar 7, 2024

Hey traders, it’s Bryce here.

There are STILL epic squeezes in the stock market right now.

One of the biggest this year was February’s MicroCloud Hologram Inc. (NASDAQ: HOLO) spike.

Prices launched from under $2 to $98 in a matter of days. That’s a 4,800% spike.

And for traders, there were multiple opportunities to build a position along the way. See the chart below.

The chart shows premarket, intraday, and after hours trading. That’s why there are different shaded columns:

HOLO chart multi-day, 30-minute candles Source: StocksToTrade

As you can tell, the spike wasn’t sustainable.

That’s OK. Those who understand the reality behind this price action are better prepared to take profits. We’re day trading these runners, not investing for the long term.

HOLO spiked 4,800%. With momentum like that we should be able to snag 10%, 20%, maybe even 30%.

Then we move to the next spiker.

Don’t get married to these stocks. Just play the price action.

Which reminds me, there’s another stock squeezing to insane heights right now. Yesterday it spiked 1,100%. In one day.

And it consolidated into the close … HOLO consolidated too. Right before it ripped to new all-time highs.

Pay attention to the market’s biggest runner right now! It could keep going.

Aptorum Group Limited (NASDAQ: APM)

During premarket on March 6, the company announced plans for a business merger with YOOV Group Holding Ltd., a privately held company.

Mergers are bullish catalysts because 2 businesses combined are theoretically always more valuable than either alone.

But APM didn’t deserve to spike 1,100% due to a merger.

It’s an overreaction due to the hype in this market and the stock’s low supply of shares. StocksToTrade shows the float is only 2.5 million shares.

Note: Anything below 10 million shares is a low float. And the low supply of shares helps the price spike higher.

The price will crash eventually. Just like HOLO. That’s how penny stocks work.

But in the meantime, no one knows how high it could spike. That’s what makes them so lucrative for long-biased traders.

APM could surge higher.

Traders follow past price action to build the safest positions possible.  Here’s a chart of APM as it consolidated into yesterday’s close:

APM chart intraday, 1-minute candles Source: StocksToTrade

That sideways momentum is a hint that the price could keep spiking.

It could be today, tomorrow, even next week … But you don’t have to wait twiddling your thumbs.

There are new spikers like this almost every day. Use StocksToTrade Breaking News to get in front of these moves.

This is the alert we got for APM yesterday:

Half of the battle is finding the right stock to trade.

And we want to be there before the price goes vertical. The early bird gets the worm. 

Use Breaking News the next time you trade.

Sit back and wait for an alert … That’s when you know it’s go time!

Cheers,

Bryce Tuohey

How to Find the Biggest Breakouts in the Market

Do you recall HOLO gaining $1,565 in 12 hours… or when BMR gained 784% in 2 hours?

Those were “Dark Breakouts” and unfortunately, most investors don’t see them until it’s too late.

Want to know the secret to spotting (and trading) these breakouts?

Ignore the stocks most investors are focused on and…

Watch This Video Now