Another beautiful day in the market! Several stocks popped up this morning that caught my interest so let's get to it!
$ICCT: This is FOR SURE the main watch for me this week. This is basically the cleanest, most straightforward chart you're gonna see. This is a stock that ran back in August 2023 (former runner), and is now once again on the move. I didn't see any recent news on this...which I don't like, but the framework is definitely there so I'll be keeping my eyes on it this week.
$PBLA: $PBLA is a micro float (4.3 million), micro cap (6 million) stock that put in a very solid first green day on positive FDA news. Once a stock puts in a first green day, I sit back for a day or two and let it do its thing. I'm always gonna wait for more chart development before jumping into the market, and that's definitely gonna be the case here.
$VRCA: Mid float (24 million) mid market cap (200+ million) that put in a first green day yesterday on positive phase 3 data results. Solid first red day today; solid in the sense where it pretty much held onto its gains from yesterday perfectly, right in between $5.00 and $6.00. Really low volume day today compared to yesterday, but if we get some sort of a red to green / breakout above the previous high of $6.92 on increased volume, I'll be looking for a trade on it.
$IVVD: Once again if we're talking fresh charts, this is yet another example of "as fresh as it gets". Solid first green day due to positive phase 3 results...I'm sensing a pattern here. Much higher float than what I like to trade (50 million), but you just can't ignore a potential set up like this. Just like the game plan on $PBLA, I'm gonna sit back and see how this moves over the next couple days.
Lots to watch this week, guys! Lots to watch. Be sure to stay sharp and stick to those trading plans!
- Gyasi
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