What’s up, everybody! Bryce here to wish you a VERY happy new year! In 2022, we’re going to the moon!

I hope everyone’s recovered from New Year’s Eve by now and that we’re all ready to start 2022 with some serious trading momentum.

As always, I have two tickers for you to keep your eyes on. I think these are solid watches to start the new year…

Bryce’s Picks

3, 2, 1 … liftoff!

Spruce Biosciences Inc. (NASDAQ: SPRB)

First off, I’ve got a nice multi-day runner from a few days back — SPRB.

SPRB is a late-stage biotech company that’s gaining some steam recently. 

The chart’s held up well — and now it’s broken out of a multi-day consolidation area. 

As long as SPRB can hold the $4.50 area, I think this will be a decent watch in the coming days. 

Note: The volume profile of this stock shows most of the volume traded between the $4 and $4.50 area, which I like a lot. Why? Because the longer it can hold above there — the more “trapped” shorts should be.

Ensysce Biosciences Inc. (NASDAQ: ENSC)

 

My second pick, ENSC, is similar to SPRB. But I don’t think it’s quite as good of a watch until it breaks over $5.

WARNING: ENSC and SPRB are both sketchy biotech stocks. Trade with caution!

That being said, it’s worth noting that ENSC’s holding the $5 area nicely. 

As I’ve mentioned before, when a stock cracks a key round number and holds it — it’s worth paying attention to.

My ideal entry on ENSC would be above $5. 

The plan? Wait for a $5 break and let ENSC consolidate over that area in the coming days.

If that happens, ENSC will have proven itself enough to consider an entry.

Matt’s Picks

Welcome to 2022, traders! Here are my picks…

Asia Broadband Inc. (OTCPK: AABB)

In case you hadn’t noticed, OTCs are trying to make a comeback — and AABB is arguably leading the charge.

AABB went on a HUGE run through the end of December before getting crushed in two days. 

Note: This is a classic dip buy — Step #5 of Tim Sykes’ 7-Step Pennystocking Framework.

AABB has been basing very well the last couple of days around 17 cents. 

I’ll be watching AABB for a strong first green day move to 21 or 22 cents.

Exxe Group Inc. (OTCPK: AXXA)

 

Let’s be honest … To date, OTC-favorite AXXA has traded weirdly on light volume. 

WARNING: I get a very ‘promotional’ vibe from this one — it almost seems like someone behind the scenes is walking it up. 

I like its textbook breakout chart, but the lower volume (and lack of news) makes it difficult to fall in love with AXXA.

Either way, a breakout is a breakout!

I’ll look for strong risk/reward positions to potentially ride AXXA for a 20%–30% move.

Conclusion

Thank you all for spending 2021 with us. It was an incredible year. 

But now it’s time to make sure 2022 is the best trading year of our lives.

Study hard, perfect your strategy, and be on the lookout for ideal setups.

Until next time,

Matt and Bryce