Will January's momentum return now?
June 02, 2023 | Read Online | 3 smoking hot small-caps Will January's momentum return now? |
| | Good morning, Jason here. | I anticipate the small-cap market will heat up now that the debt-ceiling is revolved. | And we started to see that Thursday with monster moves in TYGO, UCAR, YJ, IMRX, and GSIT. | This is probably the start of a small-cap bull market that could last a decade. | Remember how fun January was for small-caps? I expect that price action to come back as soon as today so be ready for action. | | UCAR above $10 has range to $20. I have no problem getting long the stock while it has momentum, at the same time buying puts further out to try and catch the pullback too. The $10 puts look good to me if this early gap holds. | | TYGO ran from $10 - $27 Thursday before settling at $19 this morning. If this stays above $17 let's look for a retest of $30. | | GSIT is looking good above $7 with room to run to $10. This is a great example of how Fibonacci or the rest and retest pattern works. | | Subscribe here for trade alerts | Jason Bond |
| | | Update your email preferences or unsubscribe here © Jason Bond Picks 62 Calef Hwy. #233
Lee, NH 03861, United States | |
|
|
|
|
|
Post a Comment
Post a Comment