I love crypto, but it’s time to get back to some stocks!
Tim Sykes often says that pattern recognition is essential to trading stocks. I think today’s watchlist is a good example of that…
Sometimes former runners like to stick around. Other times it’s just a setup that looks familiar. And, of course, you can’t forget about social media pumps.
Let’s cut the chatter and get into it!
Regen BioPharma Inc. (OTC: RGBP)
This, my trader friends, is a textbook OTC breakout. RGBP surged almost 25% on Friday, and it’s up 70% in the past five days.
There were some weak headlines last week, which led to three days of consolidation in the chart. Now that the dust has settled, I think RGBP could be due for a bullish reversal.
Keep in mind that this is a former runner. Make sure you zoom out on the chart and consider the big picture before making any final trading decisions.
If this one gains steam, I think it could see mid $0.03s tomorrow or Tuesday.
That being said, remember that this is a sketchy penny stock. Be greedy with your profits and cut any losses IMMEDIATELY!
Meten Holding Group Ltd. (NASDAQ: METX)
I mentioned this one last week, and it’s still high on my watchlist. Why?
Because I think this could be the next FAMI/CEI style play. In other words, there’s a lot of social media chatter around this name.
Honestly, the chart could be better. But never underestimate a stock with a huge social media following. (Just remember GME and AMC!)
If you’re thinking about trading METX, it’s really important to pay attention to what other traders are saying about it on Twitter and Reddit.
Staying in tune with social media is critical if you want to play names like METX correctly.
Digital World Acquisition Corp (NASDAQ: DWAC) and Phunware Inc. (NASDAQ: PHUN)
I’m grouping these two wildly volatile stocks because they like to run together.
If you somehow missed their recent rocket ride to the moon and back, let me catch you up…
DWAC went absolutely PARABOLIC on October 22 and 23. (The stock gained more than 1,200% in two days!)
Since then, it’s been stuck in a brutal downtrend. At the time of this writing, DWAC has come off of its all-time high of $175 by 68% — trading down to $56.
PHUN has had very similar price action. The charts lay on top of one another perfectly. And so far, no bounce in either name.
My gut feeling is that this duo has one more bull run left. We might see a bullish reversal in the not-too-distant future.
Of course, there’s no guarantee of a bounce. But I’ll be ready for one if it happens.
Alternet Systems, Inc. (OTC: ALYI)
Tesla Inc. (NASDAQ: TSLA) and other EV stocks have been going CRAZY the last week. (Shout out to Elon Musk for being worth over $300 billion — that’s insane.)
ALYI is an EV OTC that’s been stuck in a sideways channel. All it needs is a little juice to blast off…
I have no position yet. But any news — or perk and hold over 2 cents — would grab my attention. Then I’d look to trade a potential breakout over the recent highs.
This setup reminds me of a little math formula I’d like to teach you all:
OTC + Hot Sector + News = Potential Breakout!
Kill It This Week!
There you have it — three top tickers I’ll be watching heading into the week…
The market’s heating up and a lot of fun sectors are going crazy. Times like these are when preparation comes in handy.
Always consider former runners and sympathy plays … Those are the stocks so many people bury and forget about.
Stay ahead of the game!
Until next time,
Matt Monaco