Hey traders, it’s Bryce here.
There was a PERFECT opportunity to profit over the weekend.
We got an alert before the market closed on Friday.
And if a trader missed the entry on Friday afternoon, the Monday-morning spike gave us a solid entrance as well.
For experienced traders, this was an obvious setup:
- It has a low float.
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- Anything below 10 million shares ensures a low supply. And the low supply helps prices spike higher when demand increases.
- It’s in the biotech sector.
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- There’s a monkeypox scare that’s pushing biotechs higher.
- The multi-week chart shows a history of spiking and a solid resistance level to use as a breakout.
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- Past spikers can spike again, and break out trades are especially volatile!
The price spiked 540%* between Friday and Monday.
Take a look at the price action below, every candle represents one trading minute:
This stock is still in play!
Despite the afternoon selloff … It’s still consolidating around the open price on Monday.
All The Details:
Our small-cap niche is full of trade opportunities as a result of the monkeypox scare that’s partially captivating the media.
Make sure to keep an eye on popular news! These events often manifest in the stock market. For example, there are multiple biotech stocks spiking thanks to this catalyst …Â
But the best profit opportunity thus far came from Virax Biolabs Group Limited (NASDAQ: VRAX).
Even our AI trading bot saw this opportunity …Â
On Friday, August 16, we got a trade alert before the market closed. Complete with a potential entry and exit!
Take a look at the chart below, every candle represents one trading minute:
>> Get the next AI trade alert from XGPT <<
Now, Monday was the stock’s big breakout day.
It could push higher, but we have to analyze the chart to identify key levels of support and resistance.
On the multi-month chart below you can see the resistance level from June 6 that VRAX surged past on Monday, August 19.
Every candle represents one trading day:
And from an intraday chart we can see support gathering around $5 on August 19 … $5 is a psychologically significant number!
On the chart below every candle represents one trading minute:
There’s no guarantee that the stock will rally off of this level … We’re just trying to find most-likely scenarios within our trading framework.
Today, Tuesday, August 20, use the stock’s support and resistance levels to expose profitable setups!
If you’re unsure how to build positions on volatile stocks, use our AI trading tool.
Instead of waiting for a trade alert from XGPT, you can enter your favorite ticker into the system and it will spit out a trade plan as if you asked Matt and myself directly.
>> Enter VRAX into the XGPT AI trading bot <<
AI can help new traders follow the hottest setups while they grow self-sufficient over time.
Cheers,
Bryce Tuohey
These 5 “Silent” Stocks Will Piggyback Tesla’s Meteoric Rise
I hear many “experts” telling people to sell their Tesla stock while it’s up 41% since the beginning of 2023.
But I’m not leaving. In fact, I’m doubling down. Not just on Tesla…
But on 5 “silent partner” stocks set to piggyback on Tesla’s moonshot.
Most people didn’t expect Tesla’s 41% spike, but just wait until you see what happens next.
*Past performance does not indicate future results