$ADOM- bottomed out at low 6 range and looks like it is beginning a reversal. Looking to enter at $8 and cut losses at $7.20 and take profits at $10.40. R/R is 30% to 10%. Trading purely on flow and technicals. Had some news about some stuff which could make traders a bit more excited, that and the fact that it is a realatively new company. Hoping to profit off of swinging sentiment.
$BUDZ - saw this weed company on OTC while screening percent gainers with decent volume. The shape of the chart makes me anxious as it is already increasing exponentially without being past earlier peak. I would prefer a slower and steadier increase to let the stock build up stably for a run. But as this was a past runner, the stock does have potential. What is holding me back is the fact that other than a land aquisition a few months back, this stock does not have any recent news. Because of this I am reluctant to make a trade, as I do not want FOMO to be what drives me to buy. I will be looking for this to continue its run and attract momentum, traders, and attention on forums and twitter. If it can break $2 I have reason to believe that more traders will hop on the bandwagon seeing that it previously ran to $5.
(Correct me if I'm wrong please, always looking to learn. Have a nice day).
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