‘To the Moon’ Watchlist: September 17, 2022

by | Sep 17, 2022 | Watchlists

Howdy, traders. It’s Bryce here. 

There’s no denying the markets were a bit of a downer this week, even for an optimistic guy like myself. 

The Nasdaq saw its worst week since January. And even afternoon trading on Friday couldn’t bump a ticker over 100%. 

But there’s always something to watch. And I gotta say I’m super proud of my buddy Matt Monaco for the crypto finds he’s unearthed. He’ll tell you more about that tomorrow. 

Now, let’s take a look at the tickers I’ve got my eyes on this week. It’ll be a shaky week once Fed Chairman Powell starts talking on Tuesday and Wednesday, but these tickers could lift some smooth green sails anyway…

Applied Optoelectronics Inc. (NASDAQ: AAOI)

AAOI is a supplier of diode laser equipment and other manufacturing needs. Nothing exciting on the surface but certainly in high demand. 

And they’ve been hot on the PR trail recently. On Thursday, they announced a definitive agreement made to sell their facilities and assets related to their transceiver business for $150 million. 

The next day, they followed up with a PR announcing their launch of Quantum Bandwidth, which will be on display along with other products next Tuesday through Thursday at an Expo in Philadelphia.

The stock saw a nice, steady climb on Friday and closed near its highs at $3.76, up 50.40% on the day. Its intraday high was $3.94. If it can break the $4 resistance level next week, $5 and even $6 are possible.

TMC the metals company Inc. (NASDAQ: TMC)

TMC is a materials stock that, much like AAOI, made a steady uphill climb on Friday. Based in Canada, it mines precious metals in support of the shift to green energy. 

This company has been making headlines in the New York Times and it sounds well-deserved. 

TMC “secured exclusive access to tons of seabed rocks packed with cobalt, copper, and nickel…it says there’s enough to power 280 million electric vehicles, equivalent to the entire fleet of cars in the United States.”

That’s pretty amazing. TMC closed at $1.25 on Friday, up 20.19% on the day. Its intraday high was $1.35. There’s pretty strong resistance at $1.30. If it holds a break past that, I could see $1.50 happening.

Anixa Biosciences Inc. (NASDAQ: ANIX)

Anixa had a decent run on Friday, considering the overall markets, and closed at its high of the day. 

The biotech company focuses on the treatment and prevention of cancer and other infectious diseases. 

Anixa’s most recent PR came out on Monday announcing that the company would present one of its therapies for ovarian cancer at a symposium on September 28. 

The stock closed at $5.71, up 27.46% on the day. That’s a new 52-week high for the company. Its next closest closing price was at $5.50 on November 4, 2021. It’s also coming out of a base that it formed since then. Look for a break of $5.71 on Monday.

Conclusion

If you keep your head up, your eyes peeled, and your mind savvy, you can find opportunities anywhere. 

There really is no time like the present to hone your trading chops. I get inspiration from my trading cohort Matt. He never stops digging for the best opportunities out there, no matter what the markets look like. 

And now, he’s discovered something BIG. But I’ll let him explain it to you in his own words HERE.

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