In the fast-paced world of stock trading, timing is everything.
And Fridays often bring unique opportunities, particularly when it comes to short squeezes.
As the market winds down for the week, shorts scramble to cover their positions, creating potential for explosive price movements.
But how can traders identify these opportunities and capitalize on them effectively?
That’s where my latest squeeze alert comes in…
Discover which stocks have the most potential to squeeze on a Friday and why the squeeze doesn’t have to end in one day.
I’ll show you it all with my last squeeze alert and how you can get my next one that could pop off as soon as today.
I’m in Austin for a special event next week. Are you registered? It’s completely FREE to attend so join me here.
How to Get My Latest Squeeze Alert
If you’ve been following me for a while, you know that today is one of my favorite days to watch for short squeezes.
Friday’s are when shorts finally give up and cover positions before the weekend to avoid fees and potential news that could impact their position.
We can see these squeezes most often in heavily shorted stocks that are oversold. Or in big spikers that have held up near highs without giving shorts a big pullback to cover into.
So recently, I started sending out a squeeze alert every Thursday evening for traders to watch for the next day.
Last week I picked Trump Media & Technology Group Corp. (NASDAQ: DJT).
DJT chart: 6-month, daily candle — courtesy of StocksToTrade.com
You can see how much it sold off since its big push late last month…
So I knew it was due for a squeeze.
The sparks flew when it had a big green day on April 18. That’s when it pushed through the $30 level that was on my radar for a while as a potential squeeze point.
So I sent the email that evening with a full analysis and trade plan. Here’s a small piece of it…
Entry: $32
Target: High $30s to $40+
Stop: $30
Analysis: The focus is on maintaining the price above $30, which has been identified as a critical threshold – so if it can push back above this level tomorrow we’re in play…
Because it will then present a viable buying opportunity with the potential to squeeze into the high thirties or $40+.
DJT chart: 2-month, daily candle — courtesy of StocksToTrade.com
You could’ve bought it any time during the week around the $32 entry in my plan. And it never broke the $30 risk level.
Yesterday it hit a high of $39.40 which was our goal in the high $30s to $40+. It all depends on how aggressive you want to be…
Do you like to lock in profits or hold for more? I can’t tell you what to do.
All I can do is give you my best-laid plans for high-odds trades — it’s up to you to take action.
My latest squeeze trade alert just went out last night…
Want access? It’s only available to unlimited members of our Daily Income Trader system. Find out how to join us at our FREE presentation here.
Have a great day everyone. See you back here tomorrow.
Tim Bohen
Lead Trainer, StocksToTrade