Trading News
Aug. 2, 20225 min read

Distracted by HKD?

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Written by Tim Bohen

AMTD Digital Inc. (NYSE: HKD) has completely changed the market…

This stock has soared from roughly $15 to $2,600 in just a few days … And it’s all thanks to short sellers who keep trying to guess the top. 

Now, while this is a great example of the power of the short squeeze — it’s gotten a bit too expensive for traders with a small account… 

And while everyone’s eyes were watching that big gainer, getting mad FOMO, and trying to guess an entry… 

Over the last two days, you could’ve capitalized on two repeating penny stock patterns. 

And the best part is, that I outlined the plans in a live webinar that could’ve helped you capitalize on a 50% gain!

So if you had stars in your eyes watching HKD, here’s what you missed…

Don’t miss my FREE webinar this afternoon — sign up here NOW!

The Breaking News Alerts You May Have Missed

On Monday afternoon, the Breaking News Chat team alerted Revlon, Inc. (NYSE: REV)

The company announced it received permission to proceed with a $1.4 billion loan

REV is the bankruptcy play we loved back in June. It was at $1.50 before the squeeze started. And it was still trading around $4.50 when the news hit. 

And you know stocks that hang around are top candidates for more squeeze … Especially with a news catalyst… 

Now, I don’t love mid-day spikers. But the longer REV held up, the more I liked it…

In my afternoon SteadyTrade Team strategy session webinar I told members that typically we don’t want to buy the initial spike…

That’s when the FOMO bros are jumping in and spiking the stock with their market orders

The better trade idea is to wait for the stock to pull back, consolidate, and then watch for a secondary spike. 

I liked REV if it could reclaim $6. The Breaking News Chat team outlined the same plan…

They said REV could pop over $6. That was also an Oracle level and a whole dollar level. 

And you can see when REV reclaimed $6, that’s when it really took off…

It traded up to a high of $9.90. That means if you bought 100 shares of REV when it reclaimed $6, you could’ve turned $600 into $990 if you sold at the top. 

Let’s say you sold at $9 and made $3 per share on your trade — that’s still a gain of $300 or 50%! 

Catching big moves like this is how you can grow your account from $1,000 to $5,000 over time. 

And there are so many opportunities to capitalize on right now…

More Breaking News… 

Yesterday morning the Breaking News Chat team nailed another alert… 

Applied DNA Sciences, Inc. (NASDAQ: APDN) was trading at around $1.12 when Breaking News Chat alerted the company’s monkeypox news… 

In Pre-Market Prep I said APDN was a watch for a dip and rip…

Now check out the chart: 

APDN chart: 1-day, 1-minute candle — courtesy of StocksToTrade.com

Not only did we get the dip and rip, but it also had an afternoon VWAP hold high of day break. Both patterns gave traders the chance to catch $1 per share moves. 

That’s how Breaking News Chat can be a game changer for your trading. I use it every morning. 

Follow along with me and discover all my top tickers and game plans in Pre-Market Prep

And don’t miss my FREE live webinar this afternoon. All you have to do is sign up … See you there! 

Have a great day everyone. See you back here tomorrow. 

 

Tim Bohen

Lead Trainer, StocksToTrade