Not a bad day in the markets as the $SPY continues its monster run into the end of this year. Short list today so let's get into it!
$CCCC: Really nice looking set up. Bit of a higher float (42.52 million) than I'd normally like to play, but you just can't ignore this beautiful first green day. $CCCC spiked 179% on news of a license and research collaboration with Merk. C4 will receive $10 million up front while also being eligible to receive milestone payments totaling $600 million. All in all, there is a potential $2.5 billion to be made for C4 across the entire collaboration. Not too shabby. Even in after hours the stock is still pushing new highs, so I'm excited to see what it can do this week.
$JTAI: Still haven't been able to find any news on this stock, but just like $CCCC, this one had a really nice first green day yesterday and has since pulled back a bit while still holding onto the majority of its gains. Fresh chart with a crystal clear breakout level of $3.80. Today was a really low volume pull back day, but if volume re-enters and we get some sort of red to green / gap up towards that key breakout level, I'll definitely be looking for a trade on it.
Congrats to all who profited today! I feel like December is shaping up to be a beautiful month for trading!
- Gyasi
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