‘To the Moon’ Watchlist: January 16, 2022

by | Jan 16, 2022 | Watchlists

What’s up, everybody? Matt here.

First, I have a reminder that the markets are closed on Monday, January 17, in observance of Martin Luther King Jr. Day. That’s an extra day of studying for you!

Also, did you catch the news that Bryce and I have built a private “underground community” where we cover MONSTER trades?

You can join us! Check out our brand-new Small Cap Rockets trial now.

Now for the watchlist…

Watchlist Winner: Digital World Acquisition Corp. (NASDAQ: DWAC)

 

And speaking of trades going to the moon, what about my DWAC call last Sunday? The stock is up a cool 40%(!) since the watchlist went out — ONE WEEK AGO! Congrats to anyone who banked on this play!

Now, let’s get to my watchlist picks for next week…

Reliance Global Group Inc. (NASDAQ: RELI)

 

First up, I’ve got a low-float runner that’s been held down WAY too long — RELI. 

Any long-term short in this is definitely getting nervous as it’s moved from mid-$6s to low-$9s in under a week.

The main area to watch is $9.50. With the long weekend, I expect a gap up on Monday (if we close near $9.50) as the shorts start running for the door. 

WARNING: This company’s pretty sketchy and this is a purely technical play.

But, man, can RELI run when it wants to — just look at what it did in February 2021 for some evidence of this.

Life Clips Inc. (OTCMKTS: LCLP)

 

Next, I’m watching a former runner OTC with news — LCLP.

Remember: This is a streak stock. It was up 40% on Friday!

The main issue I have with LCLP (and all OTC stocks currently) is that the volume is so light.

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This means you’ve gotta use small size and always watch the Level 2 data

On the LCLP chart, you can get really big moves to the downside on not much volume. Then it usually rebounds back to the highs.

Keep these factors in mind if you’re considering a trade on LCLP.

Honorable Mention: Why I’m Watching NFTs

Last but not least, I wanna talk about NFTs for a moment.

I think NFTs will be wild throughout the next month. Hear me out…

I have this working theory that NFTs are going to be the initial coin offerings (ICOs) of this crypto cycle. Here’s my thinking…

The main ICOs and altcoins didn’t run until Q1 of 2018 — after bitcoin (BTC) had already topped. 

There’s been a lot of movement in NFTs the last week, probably because of all the holiday chatter.

Additionally, ethereum (ETH) — the platform upon which the NFT market is based — has come off its highs by more than 15%.

My point? The recent bearish price action in NFTs is making the space look like a potential dip-buying opportunity (for any traders observant enough to spot the setup).

Conclusion

That’s it for this watchlist! Remember: stay disciplined and trade your plan next week.

And if anyone knows where Bryce is, let him know he owes us all a few watchlist picks!

I’ll see you all next week. To the moon!

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