Happy Wednesday, we’ve already seen some INTENSE runners in the small-cap market this week.
- Monday: Microbot Medical Inc. (NASDAQ: MBOT) spiked 130%* before noon.
- Tuesday: MicroAlgo Inc. (NASDAQ: MLGO) spiked 860%* …
There IS a process that we follow to trade these huge stock spikes. But for some traders, the volatility isn’t conducive to their trading style.
There’s no problem admitting that …
Especially since there are still huge profit opportunities among slower moving stocks in this market.
The AI-market boom continues … And as NVIDIA Corporation (NASDAQ: NVDA) quickly approaches its 10 for 1 reverse split this weekend, all eyes will be on mid-cap AI plays.
Take a look at the NVDA chart below for a reminder of the AI-sector strength so far this year.
Every candle represents one trading day:
NVDA chart multi-month, 1-day candles Source: StocksToTrade
Much like the dot com boom over two decades ago … There will be AI winners and AI losers.
To ensure a trader picks the right stocks, use our AI swing-trading tool to reinforce your decision.
Swing trading is a great strategy in this 2024 market! And trading with AI makes the process much more smooth.
Now, for those who want to ride volatile runners like yesterday’s MLGO …
Some of the biggest stock spikes this week, MBOT and MLGO, have one major factor in common.
There’s a catalyst to push the price higher.
We don’t trade stocks that don’t have a reason to spike.
- MBOT
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- The company announced FDA approval to proceed with its human testing trial of a robotic surgical system.
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- MLGO
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- The company announced a collaboration with WiMi Hologram Cloud Inc. (NASDAQ: WIMI) to develop a quantum/AI research center.
These are both great catalysts. They show the potential for value added and positive business practice.
Now, for new traders, understanding the difference between good news and somewhat neutral news can be difficult … All market news is not created equal.
The solution for StocksToTrade students: Follow the Breaking News alerts and wait for a news notification to line up with a sizable stock spike. At least 20% intraday.
Breaking News alerted MBOT and MLGO this week.
See their respective charts below, every candle represents one trading minute:
MBOT chart intraday, 1-minute candles Source: StocksToTrade
MLGO chart intraday, 1-minute candles Source: StocksToTrade
Keep an eye on these runners as we head toward the weekend.
There’s always a chance the stock’s push higher. In this 2024 market, anything is possible …
And stay glued to the Breaking News chat, get ready for more profit opportunities today!
I’ll see you back here tomorrow morning.
Cheers!
Tim Bohen
Lead Trainer, StocksToTrade