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DISCLAIMER: All of ZipTrader & ZipTrader LLC, our trades, reflections, strategies, and news coverage are based on our opinions alone and are only for entertainment purposes. These are Charlie's opinions, not investment/financial/legal advice. Past performance is not a predictor of future results. ZipTrader LLC is a Media Company and focuses on publishing media in regards to the market & market education. This is not personalized but rather general educational and informational material. Do your own due diligence and/or consult a registered financial advisor before taking any positions.
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#NotFinancialAdvice #stocks
DISCLAIMER: All of ZipTrader & ZipTrader LLC, our trades, reflections, strategies, and news coverage are based on our opinions alone and are only for entertainment purposes. These are Charlie's opinions, not investment/financial/legal advice. Past performance is not a predictor of future results. ZipTrader LLC is a Media Company and focuses on publishing media in regards to the market & market education. This is not personalized but rather general educational and informational material. Do your own due diligence and/or consult a registered financial advisor before taking any positions.
You should not take any of this information as guidance for buying or selling any type of investment or security. I am not a financial advisor and anything that I say on this YouTube channel should not be seen as financial advice. I am only sharing my biased opinion based off of speculation and personal experience. An individual trader's results may not be typical and may vary from person to person. It is important to keep in mind that there are risks associated with investing in the stock market and that one can lose all of their investment. Thus, trades should not be based on the opinions of others but by your own research and due diligence.
AFFILIATE DISCLOSURE: I only recommend products and services I truly believe in. Some of the links on this webpage are affiliate links, meaning, at no additional cost to you, I may earn a commission if you click through and make a purchase and/or subscribe.
Okay folks, so over the last few weeks one specific ticker has been getting a lot of attention on the retail interwebs. Madame Gtii This is a stock that broke into a momentum wave from September 20th, jumping from about 60 cents to just under nine bucks before cooling off and dumping down to under four bucks a share. but after that it gets up in very interesting muy intrasante. It found a very high support and built off that which is leading a lot of people to wonder.
Is there a new wave and a new higher high in the near future? Is this heating up to be a ticking time bomb that we need to be aware of? Because once it explodes, it's really going to explode? Or is the Run already done and it's just going to go? And Fade Into Oblivion because that's kind of what the rest of the Market's doing in this video. I will give you my breakdown and exactly what you need to know and this is a video that came very much requested from our viewers. So if you have a topic or a ticker that you'd like us to talk about and do a in-depth analysis on, make sure to let us know in the comments section down below and we will consider it for future videos and this video is brought to you by the trading platform and Powerful Trading Broker MooMoo and the up to 15 free stocks that you can get if you sign up and deposit with them down below Australian Viewers can get up to 50 Australian dollars cash back when using that link down below as well. So I Want to go ahead and start with an update on our squeeze stocks Mr Finger number one.
So Finger has certainly been one of our favorite plays this week. We briefed on it at about 412 ish a share, it ran up to ten one for a 145 run and on the Monday evening video, we said look for the Post pump dump and take profit period And If the dump leads you to retaining a high support, holding the overall momentum intact, expect to see a beautiful bouncy make bouncy off that That indeed did happen. It found support at roughly five bucks and bounced up another 86 percent before going and cooling down. So far, the stock has provided two two massive momentum run since we've been following it and I continue to acknowledge College the overall upper direction that it is holding and I'm watching for more, but watch that red directional SMA line carefully.
they can hold above it I Would not be surprised at all if we see a rapid break above that previous cycle high at 10 10 sometime in the next week or so. Moving on. Madame Peggy So we briefed on Peggy originally yesterday morning because of the strong momentum, she was showing the unusually high pre-market volume activity and the strong directional strength. And since the briefing price yesterday morning at about 206-ish she has more than doubled to 489 at highs if Peggy breaks well below our redirectional SMA line and doesn't re-accept Direction promptly in tomorrow's session.
I Consider that deprecating enough that it's worth avoiding the stock until it does indeed retake. Direction But if it continues to hold into next week, I wouldn't be surprised if the overall momentum continues. The momentum that we have seen since the fourth has been pretty steady and has allowed for some breathing so it's not entirely unstable if it wants to last a few more periods. Or maybe you get one day Monday or Tuesday of next week where you do get a bigger breath and then you get another breakout. It's also number four on stock Twits right now in terms of most messages in the last 24 hours. So it is popular and you have a lot of eyes watching this. That is good for the stock. but Charlie It's disgusting.
Why do you always say that we should have both a bullish and a bearish plan for any stock I Thought that Traders They just kind of close their eyes and they say it's going to go this way or that way and they make the decision based on that, not based on the information that's presented to them. Well, no folks, when you're trading something, you have to be able to react to the setup that you see in real time. If it does this, then you have to do that. If it does this, then you have to do that.
in real life. When you go and you pull your car out of your garage, there may or may not be cars in your way and you may have to wait for them to go by and then you have to pull out if you go and you decide. Okay, well, I'm not going to assess the situation when I open my garage and I'm just going to pull out blindly. Well, you could get yourself into a big accident, so it's okay to have a goal and a plan of why you're taking your car out of the garage, but the way that you take it out and exactly how and when depends on the situation that you're confronted with.
once you have the garage door open and you're looking back trying to pull out your car. Moving on on Monday night, we presented on our Surge Play as a short squeeze setup. It was trading at about 463-ish at the time and ended up surging to Six Nine, which was just under a 50 increase in a couple trading days, but it failed to meet the higher high criteria we were hoping for. At 7-3 this was quite a disappointing tease which then led to a lot of people going and taking profits.
However, it is holding its upward Direction on the 15 minute and I continue to see this as a top short squeeze candidate for the month of October You go over to the Surge options chain. The most popularly concentrated options are the calls at strike price 750 expiring, October 21st. Which means there's a solid number of participants in this stock playing the few week game and thinking it'll make higher highs and break that 730 resistance. Before then, we still have slightly more than two full trading weeks before that expiration.
and I Gander a few more big runs to trade off of. Okay, Madame Apron is still very much struggling to find a bottom today. He saw a bit of a bounce over that 262 low, but I'd like to see a little bit more proof of concept. I Don't think it's wrong to require a lot in your setups, especially in this bloodbath of a market that we are currently in when the UN is warning of a global collapse. I Don't think that it's too much to ask for your stock to show just a little bit of proof of concept. Okay, Okay, next the ticker of the hour Gtii. Let's go ahead and start with the TA the beautiful chart analysis. So whenever I look at a chart I like to look at two main things first: number one: price strength which I measure by the time periods it trades above our blue price Dragon SMA Line and price Direction which I measure over the red Direction loss of a line For me, the most important thing for measuring whether a momentum stock a momentum setup is worth talking about is whether that momentum is going to continue.
and in order to analyze whether it's going to continue, you have to look for a clear Trend And for me, that means a consistent upper Direction consistently holding above the redirectional SMA line and rejecting every attempt downward. or if it does go downward and break the direction into a downward Direction. Well, it does very very quickly recover and re-accepts the upper Direction So a stock can certainly go back and forth, and a stock can certainly go back and forth during one day or the other. But if the overall direction is upward, it's worth knowing about.
very much so because the trend is in favor of more upside, and that means each down day can provide some more rebound opportunities in that session or the session afterwards. In this case, Madame Gtii has managed to break out far above our red directional SMA getting very overbought very quickly and then had a take profit period. But the fact that it settled around here and held overall direction is telling that the momentum is Alive and Well. Now from a risk versus reward standpoint, a potential run from 5 to 8.97 isn't that great considering two weeks ago this was trading at 60 cents.
So you have more inherent downslide than upside and you pair that together with the fact that the stock is trading on the OTC exchange, which is a lot sketchier than the more regulated ones like the NASDAQ or the NYSE And people can get away with a lot more manipulation on those exchanges, which makes it even harder for people to justify staying in these types of positions and holding them higher. And all of a sudden, well, it becomes very, very difficult to look at the setup and be like I'm excited about this from a risk management standpoint. However, from a pure a pure momentum setup, a pure I want to capture some momentum on the stock Rationale: I would say in order to justify a position in this at this point this late in the game, it has to go even farther at showing you proof of concept of being able to hold itself and and being able to break out again. but it can't go too far where you have to pay a lot more than the price it's already at. So what kind of proof of concept am I looking for? Well, something like we saw a hither two days of up trending and holding, and then proof of concept on the third day where it breaks those previous highs. If it can do that while at the same time holding above that overall redirectional SMA that would be satisfactory Proof of Concept I Know that's a high bar to meet, but it's a satisfactory one considering how far this has already run already. In terms of the behind the scenes, the company does seem to be a victim of predatory and quite frankly pretty toxic lending. It trades on the OTC market, which of course again tends to be a lot more like the Wild West since there isn't the same level of regulation in sunlight as is available on other exchanges and there are a lot of allegations of substantial naked Short Selling And the fascinating part of the stock is that if you do go and you do some digging, the allegations and enthusiasm for this as a short squeeze candidate Trace Back to the original days of short Squeeze Euphoria Back in January 2021 Yet the last few weeks run has been so far the most successful attempt at squeezing the stock yet.
So for all the folks that have asked me to cover this, I would say hey, this is the most exciting it's been ever but at the same time I would just say the one concern I have with this is that it's very possible that if it doesn't break out again soon, a lot of people will just assume hey, the stock is it's already run and I'm going to go ahead and move on And that's what we see in a lot of short squeeze stocks. They see the Run They get excited about it, some hold and hope for a few days, maybe a few weeks and then all of a sudden the stock dies off and more and more people lose. Faith So I would say with this stock yes I Think there's very much a potential for it to break out to a new all-time high I Think it can go much farther than that if it builds a new wave of momentum because that attracts a lot of people in. and if it doesn't do that I Think that people are probably going to move on and you're going to need some new wave or some new Catalyst to bring people back in or some big change in the overall Market Tied So my thought process is I'm not super excited about it, but but if you're gonna play it, make sure that you have extreme proof of concept and really good risk management.
Anyways, that caps off today's video: I Appreciate your support and your viewership. Have a good rest of your day! I Will put the link to get your up to 15 free stocks with MooMoo down below and of course the link to zip Trader you which coupon code flash 40 will get you 40 off and that gets you lifetime access to our step-by-step lessons, private chat, daily morning briefings, and full price. Target List Have a good rest of your day folks and I will see you and next video.
I feel sad that even though I am investing, I don't have the brain power to dig through how each company is doing, is this a good time to buy stocks or not, my reserve of $450K is laying waste to inflation and I don't know what to do at this point tbh, I need solid data on market trajectory
BUY NOW – RUN ASAP,
you are joker, confused joker,
$ WLDS 🖐️
Ill save you a bunch of time.
CHARLIE – "heres all these momentum stocks. But they are all done and i wouldn't invest."
GTII baby!
It's super dangerous
Please go more in-depth for $APRN.
Amd please
Anyone know what SMA timeframe he uses?
Is it bad that I’m becoming numb to headlines like this? This is all really important information to understand, but at this point I don’t have any room for the existential stress these headlines induce. I guess that’s not a bad thing haha. Thanks for sharing, It’s always good to stay informed but I think separating emotion from news like this is vital in economic times like these.
CANO on the CVS or Humana buy out is one to watch
There is buyout of CCNC for $1/share, currently it is worth 20cents/ share, do you think it is worth buying now? Is it going to be bullish on Monday for that stock?
Watch out for MMTLP! A hidden gem in my opinion.
New screen on my phone made Charlie even more handsome! Lol
could you do a video on ticker ZEV or comment plwase
GTII board attempted to lower the strike price of existing warrants from $2.75 to $2, a move that made no sense since the warrants were already highly in the money
LETS GOOOO GTII
What about MJ……..
Hey Charlie, would you be willing to share your personal trade history? Are you putting your money where your mouth is?
Do a video on LITM please
MMTLP squeezing!
Hi ,
Where I can contact with Mr Santelo