‘To the Moon’ Watchlist: June 25, 2022

by | Jun 25, 2022 | Watchlists

Happy Saturday, traders. It’s Bryce here.

I’ve got a question for you this weekend … do you think it’s possible to make a serious comeback? 

By that I mean, when the chips are down and it seems like things just won’t go your way, are you able to stay hopeful and believe that opportunities will come back your way? 

As a trader, I’d say that ability to keep up the faith is essential to your success. 

I recently struggled with some back-to-back losses that put me in an emotional rut, but then I came out of it with a creative idea

Soon after that, I made a great trade on AeroClean Technologies Inc. (NASDAQ: AERC). Things can change quickly if you take the right steps.

In pursuit of my next game-changing trade, here are the tickers I’m watching this week…

Revlon Inc. (NYSE: REV)

Revlon is a cosmetics brand you might remember if you were around in the 90s — when they hired supermodel Cindy Crawford as their main spokesmodel.

Since then, it’s kinda taken a backseat. As have most drugstore cosmetics since Sephora — LVMH Moet Hennessy Louis Vuitton SA Unsponsored ADR (OTC: LVMUY — became the go-to beauty chain store. 

If you’ve been paying attention, you know that REV filed for bankruptcy over a week ago. Shorts thought it’d be an easy kill. And then retail traders decided it would make for a perfect short squeeze. 

REV’s been holding up for several trading days now. It even came back from behind on Friday and closed up 9.50% at $7.95. It needs to get past $9 for a fresh breakout to happen. Let’s see what Monday brings. 

Toughbuilt Industries Inc. (NASDAQ: TBLT)

TBLT produces tools and other products that support the construction and carpentry industries. They recently completed an offering and that sent the stock upwards on Friday. 

Though they were founded in 2012 and claim to have innovative products with steadily increasing sales, their stock has steadily decreased over the last few months and years. 

That said, TBLT has had short-term breakouts before. And Friday’s action saw it breaking out of the base created by the offering. It closed up 55.17% at $2.70.

Look for a continuation, especially if they release positive news on Monday. It would need to hold a breakout past $4 to then test resistance at $5 and above. 

F-Star Therapeutics Inc. (NASDAQ: FSTX)

F-Star Therapeutics is a biotech company that recently got acquired by China-based Sino Biopharmaceutical. The acquisition price was set at $7.12 per share. 

I’m sharing this as more of a scalp trade idea…

Generally speaking, when the purchase price of an acquired company becomes public knowledge, the company doesn’t tend to trade too far above that, unless there’s some very unexpected positive news — because why pay more than a parent company?  

But traders do sell their shares and then new ones jump in when they hear the news, or updates about the news. FSTX had a good breakout on Thursday and closed close to flat on Friday. 

For scalp trades, I’d look for bounces off of the $6 key level into the $6.50 area — or above into resistance at the $6.75-$7 area, depending on the volume. 

Conclusion

The trading life isn’t predictable, especially during a bear market. But that’s what keeps it fresh. If you’re the type of person that enjoys challenges, freedom, and creative thinking, it might be the right life for you. 

The reality is that even if you’re a consistently profitable trader, you’re gonna experience ups and downs. The key is that you’re able to bounce back quickly on the ups. That’s why I created Small Cap Rockets

There’s a lot about trading that you can learn more effectively from someone who’s been there. It might not sink in the same way if you try to learn it from a book. Humans are social creatures. We need community to inspire us, engage us, and push us to the next level — join me and traders like yourself in our quest to the moon.  

After Showing This Stock Trader The Crypto Trader Blueprint… He was Able to Turn $20,456 Into +$200K On One Trade

Find Out How You Can Get In On What We’re Calling…

Recent Tweets: