What’s up?! Bryce Tuohey here. I was feeling under the weather last week, so I apologize for any bad jokes Matt may have made while I was gone…
This week we saw EVs, e-commerce, and crypto stocks continue to blast past a lot of people’s expectations. These moves are pretty incredible. I’m bummed that I missed some of them.
But now that I’m back, let’s dive into a seriously juicy Sunday watchlist!
Bryce’s Picks
Newegg Commerce Inc. (NASDAQ: NEGG)
After a multi-month washout from a monster run, NEGG is showing signs of life again.
This thing ripped from $12–$20 on Monday, November 8. Now it’s forming a multi-week base in the $14 area…
I’m looking for a secondary push to the $24 area over the next few days. This chart tends to work best in the afternoon, so it’ll continue to be an afternoon watch for me every day.
(Note: NEGG should chill near VWAP as long as that multiday base continues holding…)
Bit Brother Ltd. (NASDAQ: BTB)
This is a weird bitcoin (BTC)-related play. There’s been some sketchy price action in BTB over the past few days.
It kinda reminds me of the move we saw in Xiaobai Maimai Inc. (NASDAQ: HX) not too long ago. (Right when you think it’s gonna die, it has the weirdest push!)
I’ll keep this on watch as a “scalp machine” for some predictable moves to the upside over the next few days.
This isn’t one I want to be stuck in for multiple hours at a time, due to its multiday extension. But I think BTB is definitely one to keep an eye on at key levels…
Matt’s Picks
Digital World Acquisition Corp (NASDAQ: DWAC)
Matt here. Bring Back The Trump Pump!
I know … I keep mentioning this stock. But I really think it has potential.
Let’s look at the big picture: DWAC went NUTS on October 22 and 23, gaining more than 1,200% in two days!
Then it dumped back to the mid-$50s and has been range-bound ever since.
But now, the chart’s getting tighter and tighter. If DWAC catches some momentum and holds into the afternoon, $75–$80 is possible.
(Remember: this stock has a loyal and devoted following because of Trump.)
Asia Broadband (OTC: AABB)
What a grinder this stock is…
The chart’s currently doing what we like to call “the para-walk” (aka the parabolic walk).
AABB is related to both BTC and the EV industry, so it’s playing in two red-hot sectors.
Plus, the last time AABB ran, it had three strong green days in a row. I’m looking for something similar on any legitimate breakout.
Conclusion
That’s it for this week!
If you plan on trading any of these tickers next week, remember Tim Sykes’ #1 rule: cut losses immediately. Always do your own due diligence and never risk more than you can afford to lose.
To the moon!
Until next time,
Bryce and Matt