The perfect stock to kick off a Turkey Week rally πŸ¦ƒπŸ“ˆ - Stock Region News

Breaking

STOCK TRADING ALERTS
STOCK TRADING ALERTS

Sunday, November 19, 2023

The perfect stock to kick off a Turkey Week rally πŸ¦ƒπŸ“ˆ


 

The markets hit yet another lofty plateau last week, holding on to Monday’s inflation bump but trading largely sideways since then.

It was another win for the bulls as short covering pushed indexes higher than was perhaps justified by the only slightly better-than-expected inflation report.

Barring some actually unexpected developments, I think we’re looking good for a gradual Santa rally to round out 2023.

On our front, I ran into a speed bump on Monday with my “Bright Idea πŸ’‘ that I mentioned on Monday.  Right at the market open, they announced a stock offering that put a cap on the potential for that day.

By the time most readers saw my report, the stock was thankfully already down a lot (I’m glad I held off a day and didn’t send it out Friday!)

They won’t all be huge winners, but at least they got the offering out of the way early, so that play was basically dead as soon as it came out.  I call that a big “nothing burger.”

For now, I’m looking at another company that already made a direct offering earlier this month, so I don’t think another one is in the cards anytime soon.  We can just focus on the technical picture at hand.

It’s a stock that’s had an orderly run-up over the last four weeks.  The technicals are showing no signs of this stock slowing down yet. 

If you look at the chart above, you’ll see this stock is signaling all systems “Go, GO… GO!

In my full writeup tomorrow morning, I’ll explain how this breakout (the stock is up about 17% over the last month, as shown in the chart above) has been great, but it hasn’t made a HUGE “blow-off” type move yet…

And when I say “huge move,” I want you to consider this stock had one of the biggest days of any stock in the entire stock market earlier this year.

In a single day, this stock shot up over 700%.

Yep, I’m going to show you what happened and how this stock handed investors a ridiculous 700% gain in a single day just a few months ago.

I’m not suggesting that will happen again tomorrow, but I want to show you the type of range this stock has seen in the past.

But the stars are aligning, and as I said, this stock has been building momentum for the last few weeks.

I think tomorrow could see a real upswing. 

It’s an opportunity that would need to be jumped on early, though. I think by afternoon, the entry price won’t be as favorable. 

This is just a heads-up, though. I’ll have the full details for you before the market opens in the morning.

Tune in to see what I’m on to and if you agree with my idea (I’m taking bets!)

πŸ’₯ More GREAT trading resources:

Questions or concerns about our products? Email [email protected] © Copyright 2022, RagingBull

DISCLAIMER To more fully understand any Ragingbull.com, LLC (“RagingBull”) subscription, website, application or other service (“Services”), please review our full disclaimer located at https://ift.tt/cCbMtFi

FOR EDUCATIONAL AND INFORMATION PURPOSES ONLY; NOT INVESTMENT ADVICE. Any RagingBull Service offered is for educational and informational purposes only and should NOT be construed as a securities-related offer or solicitation, or be relied upon as personalized investment advice. RagingBull strongly recommends you consult a licensed or registered professional before making any investment decision.

RESULTS PRESENTED NOT TYPICAL OR VERIFIED. RagingBull Services may contain information regarding the historical trading performance of RagingBull owners or employees, and/or testimonials of non-employees depicting profitability that are believed to be true based on the representations of the persons voluntarily providing the testimonial. However, subscribers’ trading results have NOT been tracked or verified and past performance is not necessarily indicative of future results, and the results presented in this communication are NOT TYPICAL. Actual results will vary widely given a variety of factors such as experience, skill, risk mitigation practices, market dynamics and the amount of capital deployed. Investing in securities is speculative and carries a high degree of risk; you may lose some, all, or possibly more than your original investment.

RAGINGBULL IS NOT AN INVESTMENT ADVISOR OR REGISTERED BROKER. Neither RagingBull nor any of its owners or employees is registered as a securities broker-dealer, broker, investment advisor (IA), or IA representative with the U.S. Securities and Exchange Commission, any state securities regulatory authority, or any self-regulatory organization. Employees, owners, and other service providers of https:// ragingbull.com or RagingBull.com LLC are paid in whole or in part by commission based on their sales of Services to subscribers.

RagingBull.com, LLC shall be entitled to recover attorneys’ fees, costs and disbursements. In the event that any suit or action is instituted as a result of doing business with RagingBull.com, LLC and/or its affiliates or if any suit or action is necessary to enforce or interpret these Terms of Service, RagingBull.com, LLC shall be entitled to recover attorneys’ fees, costs and disbursements in addition to any other relief to which it may be entitled.

WE MAY HOLD SECURITIES DISCUSSED. RagingBull has not been paid directly or indirectly by the issuer of any security mentioned in the Services except possibly by advertisers in this email. However, Ragingbull.com, LLC, its owners, and its employees may purchase, sell, or hold long or short positions in securities of the companies mentioned in this communication.

 





Source link



from NYSE Updates – My Blog https://ift.tt/I9Vs4Or
via IFTTT

No comments:

Post a Comment

STOCK TRADING ALERTS