I admit I kind of got enamored by the chat pump in Nuwellis, Inc. (NASDAQ: NUWE) on Tuesday...
I thought since it was technically a Money Monday (because the market was closed on Monday) that the chat pump could really get the stock going if it survived until after 9:45 a.m.
Now that the move is over, we can look back, review the move, and learn for the next time…
The Best Trade Plan
In Pre-Market Prep on Tuesday, I laid out a great plan for VCIG. And I should've taken my own advice…
$VCIG Broke the double top from last week, "Money Monday" AI PR, Low float, good volume, $4.50 break is the "buy in pre, sell in pre" that has been working lately.
Premarket has been a hot time to trade right now. But VCIG didn't make its move in premarket...
But the level I gave in premarket was still the key level to watch. And when $4.50 broke, it was off to the races…
The pattern it traded was basically a dip and rip. It just took a long time to play out … Which is what made the move so powerful...
Remember, we like the dip at the open to suck in the shorts.
VCIG didn't just dip and suck in shorts for 15 minutes … It dipped and went sideways for hours while it sucked in short sellers.
So there was even more juice to squeeze when it finally ripped higher and broke the premarket high.
And all those shorts to squeeze is what made VCIG soar all the way to $11.30.
I hope you caught a piece of the move. And if you did — congrats!
You focused on a low-float hot sector stock with news. And if you can keep doing that every day, you'll be putting yourself in the best position to see the highest odds setups.
If you missed VCIG or watched from the sidelines, don't feel bad. There will be another one.
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**Tim Bohen teaches skills others have used to make money. Any results displayed are extraordinary and are not typical and will vary from person to person. For more info read our Earning Claims Disclosure
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