When newbies see the market close lower on the day, they typically think of one thing–traders lost money.
Let me tell you that’s not the case.
Right now we’re seeing a ton of opportunities with these small-cap stocks…
I’m talking about stocks spiking as much as 32%, 81%, and even 138% in just a day!
These are the types of moves that I love to see!
If you happened to miss these recent spikers, don’t worry, there will be plenty more in the coming days.
That’s why today I’m going to share with you my top 3 stocks I’m closely watching over the next few days…
And what you can do to help yourself be better prepared…
Stock#1 – Genius Group Limited (NASDAQ: GNS)
Looking at this six-month chart, you can see this stock hasn’t done much of anything…
This is a clear example of what short sellers try to do.
They try to get these stocks as close to zero as possible.
When traders are just beginning their trading career and they see a stock like this, they don’t know what to look for.
I want you to know that I’m not looking to trade GNS stock because it’s been beaten down…
I’m trading it due to its recent volatility and volume that helped it spike higher over the last few days.
GNS went from roughly $0.74 to $1.73 in just two days, that’s over a 130% move!
Those are the big percent gainers I like to look for!
In this market, we’re seeing a ton of overly aggressive short sellers, which is the reason why GNS spiked higher over the last few days…
But the stock has been a little choppy…
Up, down, up, down…
Take a look.
When you’re looking for dip-buying opportunities, you need to try and find an area where the stock may bounce…
That’s why I patiently wait and look for an area that is acting as support, plus I make sure I focus on Level 2.
In the image above you can see I drew a white line, this is where the stock has bounced nicely a few times already…
So I’ll be keeping a close eye on GNS to see if it bounces again intraday off of this current support area…
And as nothing is ever an exact science, it’s important to remember to follow my #1 rule and cut losses quickly if it doesn’t bounce.
Stock#2 – Pagaya Technologies Ltd. (NASDAQ: PGY)
Looking at the six-month chart, you can see PGY has consolidated over the last few weeks, take a look…
But don’t let that trick you.
Remember we’re trading penny stocks and if you take a look at what just happened with MGO Global, Inc. (NASDAQ: MGOL) and Yellow Corporation (NASDAQ: YELL) you can see why I remind students time and time again not to buy and hold and to be careful.
PGY is over-extended, and it has had trouble breaking out around the $2.85 mark over the last few weeks.
It’s faded down near the $2 mark and the stock has bounced from this key area a few times already.
With PGY being over-extended, just like the overall market, that’s why I’m looking for this stock to panic…
And we’ve already seen a few panics in the morning, take a look…
But I don’t want you to think that the stock is going to ramp up and break out, that’s the last thing I’m thinking about…
So keep an eye on this stock over the next couple of days and look for those morning panics like we’ve seen or for it to panic intraday.
Stock#3 – Novo Integrated Sciences, Inc. (NASDAQ: NVOS)
NVOS had a significant spike higher earlier this week, take a look…
You can see early in the week that NVOS spiked from $0.07 at its lows to $0.25 in just two days…
That’s over a 250% move!
These are the types of moves that you won’t see in large-cap stocks.
This is why I love penny stocks, you don’t need to risk a lot to make a lot when you get moves this big!
Every time I find a big percent gainer, I like to look at multiple timeframes to get a better idea as to what’s happening…
And looking at the last six months, you can see it got knocked down by a key resistance area, double topping near $0.25 per share.
Seeing that resistance, I’m not looking to buy and hold onto this play thinking it’s going to break out, even with the increase in volume…
Instead, I’ll be looking to dip-buy as that’s the one strategy I feel the most comfortable with.
Take a look at this one-minute chart over the last few days…
It already panicked a few times, which I circled for you to see.
Recognizing that this stock is just spiking on a giant short squeeze…
And because we know short sellers will eventually be right, that doesn’t mean there won’t be opportunities as this stock fades.
I’ll be looking for this stock to panic 5%, 10%, or even more off its highs because the bigger the panic, the better.
This is why preparation is so critical to your success…
So be sure to see how you can learn from other millionaire traders absolutely FREE every day to help you be better prepared.
Keep studying and practicing, I’ll see you in chat!
-Tim
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