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GM, Jeff here! After a really great day of trading on Monday to start the week, I am fired up about getting after it again today. |
I hope you are, too! |
Last night, I shared with you a new stock idea that caught my attention because it had just started to reverse the trend and strongly broke back above the 20-hour level with good volume. |
My favorite "Gamma Trigger" signal just fired as well. It tells me when a stock is likely to be in play again (I pointed it out to you in the chart last night, too). |
Well, this morning, the stock is really heating up, and you need to start looking at it right away. |
Go to your favorite platform, pull up SciSparc Ltd (SPRC) right now, and let's look at it. |
First, let's revisit the price chart again. |
As I pointed out last night, the chart was starting to curl slightly higher, and was holding above the 20-hour level (yellow line on my chart below) |
Well, look at the massive move we have already seen this morning… |
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The big driver today is an incredible piece of news that SPRC just dropped a couple of hours ago (read it here). |
It looks like SPRC is trying to get a piece of the estimated $15 Billion obesity treatment market (from the release), as they are submitting a patent application for treating metabolic syndrome and weight loss. |
This could be absolutely huge for a small company like SPRC, and the market is already starting to realize this as you can see from the trading today. |
At one point after the news broke, SPRC quickly shot up over 70% higher in pre-market trading and has now settled down a bit. |
It is already one of the top stocks in the entire market this morning with strong volume and a serious price surge. |
When a stock makes a big splash like this, it becomes very difficult to look at typical technical analysis. |
This is going to be a fast-moving situation today, and I think it makes a lot of sense to try and catch quick opportunities around the 1-minute trading levels. |
Here is a quick example of what I am personally looking at in the premarket today. |
See how SPRC has consolidated around $1.10 after hitting $1.40 earlier today? |
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If the stock can make a move to the upside of this "wedge pattern" that is forming right now, that would be an awesome signal for me. |
This will be a dynamic trading day, so if you decide to try to play this one, make sure you come prepared with a game plan that makes sense for your unique situation. |
I am expecting a very active day, and there will be a lot of quick opportunities (both up and down) today for sure. |
No matter what, make sure SPRC is on your watchlist all day long! |
As you're doing your homework on it, here are a few points to help you get started. |
SPRC is a Tel Aviv, Israel-based company that has focused on the development of cannabinoid treatments for disorders such as tourette syndrome, obstructive sleep apnea, Alzheimer's disease, autism spectrum disorder, and chronic pain. |
The company has four main candidates in various stages of clinical development. You can read details about them here. |
SPRC also has a controlling interest in a company that sells hemp-oil-based products on Amazon. |
Back in April, SPRC did a curious thing and acquired a company called AutoMax Motors Ltd., a leading Israeli auto importer… |
Interesting move for a pharmaceutical company, right? |
It all started to make sense last week when SPRC announced a non-binding letter of intent to spin off its advanced clinical-stage pharmaceutical portfolio and its equity stake in SciSparc Nutraceuticals Inc. (which holds the hemp/Amazon business). |
Those assets are valued at approximately USD 11.6 million under the agreement. |
The company is still in negotiations with Canada-based Miza III Ventures Inc. about the spinoff, but the press release says SPRC will gain a controlling interest in Miza as part of the deal (the exact percentage is TBD, though it is expected to be a majority stake). |
It appears, then, that SPRC proper will be focused on the auto importing business, while the cannabinoid-based business will get based in Canada under Miza. |
If you're familiar with the cannabinoid space, you know the big role Canada already plays. |
It will be interesting to see how the deal plays out, but investors seem to like it, with the stock surging since the deal was announced. |
Spend time right now doing your own research on the stock, and of course, always approach your trading in a responsible manner. Trading is very risky, and nothing is ever guaranteed, so never trade with more than you can afford to lose. Please read the full disclaimer at the bottom of this email as well so you are aware of additional risks and considerations. Always have a well-thought-out game plan that takes your personal risk tolerance into consideration. |
Bottom line: SPRC was already in what I would consider "breakout mode" before the huge news dropped this morning. |
I am expecting today to be a frenzy of trading activity, and there is certainly going to be a lot of opportunity on both the long and short side. |
Make sure you are keeping a close eye on SPRC all day long! |
To Your Success, |
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P.S. Make sure you set a reminder to join JW TONIGHT at 7pm ET for Options Bootcamp in the Market Master's trading room. See ya there! |
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*Just so you know, what you're reading is curated content for which we have received a monetary fee (detailed below) to create and distribute. Let's be clear that investing can be quite the roller coaster as stock prices can have wild swings up and down, so consider those crucial risks before you ever consider trading anything we discuss. Make sure you check out our full disclosure down below for the details on how we were paid, the risks, and why these results aren't what you'd call "typical." |
Just a quick heads up about this ad you're reading—as we've said, even though we like the company referenced above, and all the facts we discussed above are true to the best of our knowledge, we are running a business here. To distribute this information and help offset the costs of maintaining our large digital audience, in advance of writing the content above, we received fifteen thousand dollars (cash) from Shore Thing Media for advertising SciSparc Ltd for a two day marketing program on July 15-16, 2024. This amount was paid by someone else not connected to SciSparc Ltd. It might be obvious, but whoever paid for this might own shares and is likely looking to sell some or all of them at any time after we send out this information, which might affect the stock price. We may also buy or sell shares in the company at some point in the future, although neither RagingBull nor its owners own any shares of the company at this time. Also, keep in mind that due to the sheer size of our audience, if even a small percentage of people decide they want to buy this stock, it could potentially boost interest enough to hike up those share prices and cause a temporary spike, and the opposite is possible as our program ends, though that is not always the case. |
Now, diving right into SciSparc Ltd might sound exciting. But remember, it's like venturing into the wilderness—be aware that there's exceptional risk involved in trading. This isn't small potatoes we're talking about; you could lose every dime you put in, so always carefully think about what you're doing. That's why they call this trading, after all. We're shining a light on the good stuff about the company here, but it's on you to do your homework, make your own calls, and determine a plan for your own trading, hopefully with the help of your professional 1nvestment advis0r. |
Oh, that brings us to another crucial point—we're not here to tell you (or even recommend) what you should do with your hard-earned money. We're simply sharing our non-expert thoughts by highlighting some companies we like that could use some help telling their story to more people. We're obviously biased in our writing. We're not here to dig into anything that may be negative about the company; this is advertising, after all! Also, keep in mind that if we make some predictions about the future, these are technically known as "forward-L00king statements" under the securities acts, so take those with a grain of salt. As with all forecasts, they're not set in stone, often wrong, and we certainly can't know where the Company's earnings, business, or share price will be tomorrow or a year from now. |
Everything you read from us is all for your education, information, and possible entertainment. While we believe the info is reliable and accurate, we can't wear a cape and guarantee it. Before you jump into anything, make sure to talk it over with a pro—someone you trust who's licensed to give you real advice. To be clear, |
Neither Raging Bull nor its owners, employees, or independent contractors are registered as a secur1ties br0ker-dealer, br0ker, 1nvestment advis0r (IA), or IA rep's with the SEC, any state securities regulat0ry authority, or any self-regulat0ry organization. |
So, that's the scoop! If you're intrigued and want to learn more about the companies we talk about, hit up the SEC's website to dig into their filings and see the full picture. |
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