‘To the Moon’ Watchlist: January 9, 2022

by | Jan 9, 2022 | Watchlists

What’s up, everybody? Matt here.

Instead of a normal introduction, today I have a very special announcement…

In case you hadn’t heard, Bryce and I have built a private “underground community” that’s been uncovering MONSTER trades on stocks that went to the moon!

We’re talking about trades of 55%, 98%, and even 138% … within days! 

Are you ready to join? Don’t be the one to miss out — check out our brand-new Small Cap Rockets trial right now!

Matt’s Picks

Now, let’s get to my watchlist picks…

Digital World Acquisition Corp. (NASDAQ: DWAC)

 

Bring back the presidential pump!

DWAC went absolutely NUTS on October 22 and 23, 2021. (The stock gained more than 1,200% in two days!)

Just five days later, DWAC was brought back to earth. It got taken off its all-time high of $175 by nearly 70% — trading down to the mid-$50s.

Since then, the chart has traded in an extremely tight range. It’s been mostly stuck between $50 and $65.

But on Thursday, January 6, a timely press release sent DWAC on a nice run to $60. It’s showing signs of life!

This gives me hope for the possibility of another serious move in the chart (like what we saw in October). 

The plan? I’ll be stalking DWAC for any imminent press releases. If the company drops some good news, we could see another day of price action similar to Thursday’s.

Amp (AMP)

 

Hey guys, remember crypto?

I’m joking. But the market’s getting hammered, and it’s brutal out there for crypto traders. Many weaklings have run away from the crypto markets, but I’m in it for the long haul…

I’m avoiding any major crypto trades right now. But an intriguing coin recently came on my radar: AMP.

Why am I watching AMP? Because last week it was added to the Grayscale DeFi fund — which will open up more liquidity into the coin. 

For some historical context: Around nine months ago, when Basic Attention Token (BAT) was added to a Grayscale fund, it ramped 30%.

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This is yet another important example of why knowing your history is so important. 

Note: If I didn’t know my crypto history, I probably wouldn’t budge at this news. But because the 30% BAT move is seared into my brain, I’m ready to strike if this AMP setup pans out. 

That being said, this isn’t the time to try and be a hero with crypto. The market’s incredibly weak. 

First, we need to see bitcoin (BTC) stabilize. When that happens, I expect AMP to have a solid run over the course of a month.

Bryce’s Picks

Hey, traders. It’s your boy, Bryce. Here are my picks.

Inseego Corp. (NASDAQ: INSG)

 
First off, I’ve got a bittersweet watchlist recommendation — INSG.

Even though I hate this ticker (and how it moves), it seems like the shorts are screwed as of now. 

We all know what can happen when shorts get backed into a corner … remember GameStop Corp. (NASDAQ: GME)? Of course you do. 

At just over a one million float, INSG could turn into a true supernova if it can get over $30. 

But in my opinion, that’s the key level — $30. If it can’t convincingly get above $30, I’m not interested.

I think it’s best to wait for the confirmation that INSG is cracking that level before considering any sort of trade on this. 

East Stone Acquisition Corp. (NASDAQ: ESSC) 

 
Next, I’d like to point your attention toward a super-weird SPAC play: ESSC.

This thing dropped like a rock on Friday morning but bounced back super quickly.

Now, ESSC looks to be setting up for a follow-through move with some positive technical indicators.

Going back to the Friday move — ESSC fell from $14 down to $11.50.

Then, almost immediately, it got completely soaked back to high $14s. 

Very impressive move. It looks to me like there’s a serious buyer out there. 

Note: Whenever a stock bounces violently off of a big dip, keep that stock high on your watchlist. This is a huge signal of relative strength. 

Keep an eye on this one. If ESSC consolidates in the $14 area over the next day or two, it could turn into a juicy trade opportunity.

Conclusion

That’s it for this week! 

Take some time this weekend to go outside and get some fresh air. Get away from your screens. 

That way, we’ll all be recharged and ready to crush it on Monday. 

Until next time,

Matt and Bryce

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