It’s Bryce here, coming at you on a Saturday…
I’m just going to flat out say it…
The number one thing that will make or break a trader is discipline.
And while I’m not always perfect with mine, I’ve managed to keep it together during this difficult stretch in the market.
I’m sure you saw them take a major dump this past week … again. When will it end?
But while so many watched their gains eaten-up, I gotta say, I’ve kept mine. And I have afternoon trading to thank for that.
I set a new strategy for myself tailored to these markets and I’ve stuck with it.
Now let’s take a look at a few tickers that could wake us back up from the dead next week.
What I’m Watching
Here are my favorite tickers for the week ahead…
Swvl Holdings Corp (NASDAQ: SWVL)
Swvl Holdings has been on a terrible streak for far too long, and that just might be what helped turn it around on Thursday.
As they say, you can’t go any lower than the floor. After dropping from $10 down to $4.26 in about three weeks, SWVL saw a very decent bounce this past Thursday, jumping all the way up to a $6.30 close.
Not gonna lie, there’s no good reason that this stock deserved it other than that traders decided it was oversold. It pulled back a little bit on Friday but not too much considering how treacherous the markets were.
If it pushes back above the $6 range with enough volume and conviction, look for a move to $7 or $8.
Veru Inc (NASDAQ: VERU)
VERU, the female health company that expanded its reach into the COVID treatment arena and saw whopping gains last week, could still be in play.
Recall that Oppenheimer, a highly respected agency, and other analysts, increased their price targets for the stock to $25-$36.
That’s for the long-term … after a run-up like VERU had recently, it’s only natural for it to pull back a little.
It hit resistance at the $15 level and was close to hitting its previous support level of $10 on Friday. My guess is that if it taps the $10 level, it’ll bounce right back up, making a great dip buy.
Sky Harbour Group Corp (NYSE: SKYH)
Sky Harbour Group kind of feels like Swvl in the sense that it doesn’t deserve to pop off, but that didn’t stop it on Friday.
What can I say? Trends are always in flux and it looks like traders are in a bottom-feeding kind of mood right now.
SKYH saw a huge jump in price action at the end of March that took it from just below the $7 range all the way up to the mid-$30 range.
It then fell right back down to where it came from but traders called bottom on the $6 key level and took it up to the $8 range on Friday, where it hit resistance twice.
Look for fresh breaks over $8 next week or range plays between support at $7 and resistance at $8.
Conclusion
Markets are always changing. A great trader always adapts to the current market trends in a way that makes sense to them.
It takes time to build those kinds of spidey senses though. You need practice, perseverance, and pros on your side.
If there’s one thing I can say about the SteadyTradeTeam, it’s that everyone’s a pro. I love being a part of the support network that Tim Bohen created. It gives me the chance to give back to traders who are exactly where I was before my skills took off. If you’re ready to up-level your trading mojo, check out the SteadyTrade Team!