Seems as thought the market has cooled down just a bit; I'm not really seeing the followthrough I did a few months ago, but stocks are still moving nonetheless. Let's get into my top watches headed into the end of this week.
$CING - $CING is a micro float micro cap stock that actually traded sideways all day long. It wasn't until the market close that the stock got a pretty significant squeeze from $3.80 all the way to $15.00! As far as I can tell this is nothing but a short squeeze; no news, no real catalyst...yet. Seems interesting enough so I'll be keeping it on watch for now.
$ROI - No, not return on investment, but seeing as how I'm kind of an investment dude, that's what I'll be calling this stock. $ROI is yet another one of those bottom bouncer stocks with record volume that ran roughly 100% today from .25 cents to .50 cents. News of news really; the company will be revealing its new AI generative platform and technology partner on January 3rd, 2024. So like I said, news of news. This type of catalyst isn't the greatest in my opinion, but fuel to the fire is fuel to the fire. If the stock reacts positively, which it has so far, I'll keep an eye on it and look for followthrough.
$SXTP - This one is a very fresh chart that has only just began trading real volume since its IPO date back on 7/12/2023. The stock ran on record volume back on 12/26/2023 on FDA news and has just been hanging around mid-range since then. When I look at this chart, I see the phase 1 and phase 2 of the 7 step framework. If the stock can hold and get more volume going we could potentially see a phase 3...which is what I live for.
Just a few more trading days until we close the chapter on 2023! Can't wait to see what comes next!
- Gyasi
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