Hey traders, it’s Bryce here.
There’s a lot of opportunity in the market right now!
For example:
- On Tuesday, Bright Minds Sciences Inc. (NASDAQ: DRUG) spiked 2,300%*.
- On Wednesday, 180 Life Sciences Corp. (NASDAQ: ATNF) spiked 1,000%*.
Welcome to Thursday …Â
I’ve got 4 stocks to help you succeed today!
These are the 4 hottest stocks in play right now. I’m watching the charts for follow-up spikes.
Specifically, I’m paying attention to a certain pattern as we approach Friday …Â
Every Friday afternoon we look for the same pattern in the market. And we could see this price action from ANY of the 4 stocks on my watchlist.
Watch the video below to prepare for the Friday pattern!
And keep an eye on the 4 hot stocks in today’s watchlist.
4 Hot Runners
The runners that I shared in the intro, they’re the first stocks on my watchlist …Â
Stock #1: Bright Minds Sciences Inc. (NASDAQ: DRUG)
This short squeeze got OUT OF CONTROL on Tuesday, LOL.
As of late Wednesday, the price is still up and showing us intraday volatility that we can use to build trade positions.
A lot of traders forget about these stocks after the first day of intense volatility. Traders who ignore the subsequent spikes are actively leaving cash on the table.
Like yesterday’s rally from the $20s to the $30s.
Take a look at the DRUG chart below. Every candle represents one trading minute:
DRUG chart multi-day, 1-minute candles Source: StocksToTrade
Use our AI trading bot to build SMART positions on this runner!
Stock #2: 180 Life Sciences Corp. (NASDAQ: ATNF)
This is the top sympathy play that’s related to DRUG.
They’re both biotech stocks with low floats (below 10 million shares).
And ATNF spiked the day after DRUG …
On the chart below you can see that the price is consolidating above the $8 level. Every candle represents one trading minute:
ATNF chart intraday, 1-minute candles Source: StocksToTrade
We want to trade stocks that can follow support and resistance.
The levels help us build positions above an area of past buyers in hopes of selling into an area crowded by sellers. We’re riding the momentum caused by support and resistance.
If ATNF can hold the $8 level, it’s a prime candidate for a bounce trade.
Stock #3: Fangdd Network Group Ltd. (NASDAQ: DUO)
This is one of the biggest spikers that’s related to China’s stimulus spending from late September.
The stock spiked 834%* over multiple days. Take a look at the chart below, every candle represents one trading day:
DUO chart multi-month, 1-day candles Source: StocksToTrade
I’m sure you noticed that the price crashed after reaching highs of around $4.50.
I’m still watching this stock because the CCP might need to approve more stimulus spending …Â
The Chinese economy is struggling as of late. And the CCP already vowed ‘necessary spending’ to reach its GDP goals.
Another stimulus check of a few billion dollars could revive DUO.
Stock #4: Quoin Pharmaceuticals Ltd. (NASDAQ: QNRX)
This is another DRUG sympathy play.
It’s a low-float biotech. And the price spiked 210%* on Wednesday alongside the other DRUG sympathy play, ATNF.
But this stock was almost impossible to trade on Wednesday … On the chart below you can see all of the price halts that disrupted the price action.
Every candle represents one trading minute:
QNRX chart intraday, 1-minute candles Source: StocksToTrade
Today, the volatility won’t result in as many price halts. Because of yesterday’s price action.
I’m looking for a follow-up bounce on this runner. But I’m waiting for the chart to show me a solid entry.
Use the AI trading bot to build a smart position on these DRUG sympathy plays!
Cheers,
Bryce Tuohey
*Past performance does not indicate future results