In this video, we are going to be talking about the top two stocks for this week in August 2019. and I Do know that I'm beating a dead horse, but I do want to go ahead and remind you anyways. Always have a plan when trading me stocks just to make this point in a fun way. I Recently received this comment from a viewer.

He explained that if you had bought each and every single one of my picks and had helped them, you would have that best broken, even or lost money. I Don't know how he came up with this because the funny thing is he's absolutely wrong I Guarantee you it would have been much worse than that. You probably would have blown through your entire account. These are not stocks that you randomly buy and hold.

If you do that, you're going to lose. So yes, when it comes to long-term investing, just go ahead and assume that I'm a rusty douchebag. you may be better off consulting Charlie Sheen if you'd like long-term value points. But in any case, the only thing that I ask of you in return for this video is that you hit that ravishing like button.

It is really nothing but a beautiful cycle of ravishing. This and of course also, don't forget to subscribe if you haven't done so already. Ok so if you are wondering what broker to trade these stocks on my recommendation has always been we Bull They have Commission Free trades and every tool that we need to be successful as traders. If you sign up with our link below, you will get an extra free stock just for doing so and it's also a great way to support the channel so make sure to check them out if your broker curious.

Ok so first off and BRV I'm sure everybody wants to hear about NBR V This was one that I talked about on my Top Penny Stocks video last month and it's been blowing up a little bit in the Facebook group with their new FDA approval now and the RV literally. just this morning God approved for its drug Lef Amylin. It was halted right before the news, so we are yet to see a post news reaction at the time of this video. but it'll likely happen after hours or in pre market the next day, probably after hours.

Either way, when you watch this video it probably will have already happened. So make sure to go ahead and check out the ticker to see what had happened so that you can get an update on the price action. But for a bit of context on July 19th exactly one month ago I released a video about this drugs FDA approval decision on August 19th which was the day that it happened which is today the day of this video and in that video a month ago I went to Handy, gave my opinion on why I felt they would get the approval based upon the fact that they were given a CR L to fix manufacturing problems that they went ahead and fixed had looked strong that they were going to get in approval, but we don't just guess on approvals. we wait for technical backing.

but it was just announced a few hours ago that they got the approval and this is of course all public knowledge. These companies release the dates beforehand and this is why I make monthly videos talking about news Catalyst dates Unless I'm not patting myself on the back, there's nothing to pack. This is literally public knowledge. Anybody could go and search the dates and I present these every month.

But just because we know the dates and just because we know the catalyst, and just because we know that the price action is going to be moving, that doesn't mean that we're necessarily going to be on the right side of it. I could sit here and talk about stocks that are going to provide movement, but if you don't know how to trade it, then how is that helpful? I mean you could gamble and say hey, look, Charlie's recommending a stock looks like it's going to get an approval, he thinks it's gonna get an approval. Maybe I'll just gamble, but the problem with that strategy is even if that was a profitable strategy, and every single stock that I recommend got approved, which of course it doesn't, you still won't know when to get out right, because if you're just buying and then randomly holding, you're not going to know when to get out. So this is where technical analysis comes in.

What do I mean by that? Well, let's go back to how we evaluate a 10 B RV Now an B RV has a previous history of reacting to FDA news. This is when they received their Crl for Contempo, which was their other drug that was to fix manufacturing problems in the facility. Stocks that have spiked ability around certain catalysts are much more likely to provide future spike ability as well. So we knew that ahead of time.

Upon FDA approval, we're likely to see a huge spike in one direction or the other just based on the previous price action and the nature of the news. That allows us to then form a hypothesis on the fundamentals and wait for price action. Confirmation of an uptrend and NBR V was a little bit more challenging. We weren't given much in terms of price action hints leading up to the approval, except for on me last day today, the price action got beat down massively I Don't know if that was insider sales or whatever it is, but this was a sign that perhaps any positive hypothesis for FDA approval was wrong.

I Was looking at this myself and I was like okay, well this is this is a negative sign. This is a huge deprecating factor that my hypothesis might be incorrect, but look what happened after getting beat down, we saw a massive price action run-up M&A halt I Always say buy into confirmation and now we are in a period of growing directional strength. So how should we play this when it starts trading again? Well, if you haven't already gotten an entry point, you might find some upside by buying into a confirmation of upward direction. as much as my experience and the good news of this catalyst Approval lead me to the conclusion that Envy RV should run up massively tomorrow.

I Always recommend waiting for a technical confirmation on this. Usually with these plays, they run up massively after a news announcement, but then over the next couple days they get beat down because that's how these over reactions go. They overreact upwards and then boom they get corrected. So waiting for a confirmation of directional strength is key to confirming directional spike ability.

This may sound too safe, but if you haven't already grabbed an entry point, you want to make sure you're getting in at a period where the price action is moving in your favor. And I'm not going to kid you if this was caused by insider selling. it's not unheard of to see a bio form of play like this run up massively and then get beat down very quickly like you did earlier this morning. Remaining insiders can still sell out of their shares at a profit and something like that can happen like this.

Pop and ups are very common in this level of Finance. So my suggestion is to take advantage of the catalyst by finding solid entry points and profiting through overreactions. But because every reaction in the stock market is an overreaction, don't forget you sell out when your factors turn into deprecated ones and one more elevating factors than deprecating factors. Once we hit overbought long-term for example, and we are coupled with a validation exit point, That means it's going to be time to cut your profits or take your losses.

But remember, your profits are dependent on the probability factors regarding your entry and exit point. These stock market does not care about your feelings, so don't just get in and out when you feel like it. wait for solid validation and confirmation points. By the way, if you're having a hard time keeping up with all the different catalysts and all the different stocks that we're watching in the biopharma world than the other worlds or whatever, make sure to go ahead and join our free Zip Trade of Circle Facebook group.

Our members post daily about all the different news items and all the different stocks that are trending. Wait for that is in the description. Ok, next trough Now Trough will be having their phase 2 day to present it at a Cancer Conference on August 24th now. Presentations are great because it brings more attention to companies and initiatives within companies.

Amesh draws more volume to the stock which can then cause more fluctuations for us as traders, but they also offer an opportunity for companies to bolster excitement for their upcoming Forma projects. And what I like to look for is anticipation. Like I said earlier, an Brv simply didn't have that much in terms of previous indications and that made it a bit more difficult for me and for others to find an entry point. But with Trove, we've seen some technical backing of different hypotheses.

If you look at trough long term, we could see that we just have broken into an upward direction. But why is this significant? Well, because breaking above our directional Redis mayline means that the move has accepted an upward direction. Thus, it is statistically significant. It is a statistically significant move.

Sure, it can still go ahead and reject the change of direction as it did here, but as of right now, we are trending up and building directional strength, which is an elevating factor. So now we've confirmed a run-up in anticipation of our presentation, and the question is whether or not Trove will benefit from extra volume or will benefit from extra investors. Evaluating the share price and it's hard to say and based on just previous price action alone, we are a bit more on the overextended side. So what? I'm going to be looking for our signs of holding long term directional strength and solid entry points at least close to fair value.

I Really don't enjoy buying overvalued stocks and I won't make an exception for trough. Trough may very well be prone to over running up in anticipation, and then when the actual presentation comes, it could get beat down. That's one of the problems. that's one of the huge problems in this industry.

If news gets factored in before, this thought could just get the gains before the news announcement, and then when the news announcement comes, it gets beat down. Thus, it's very important to get in with a plan. But the good news is that Trough is providing good intraday run ups and our favorite confirmation points: Buying any confirmation which again, is that first candlestick holding above the SMA line and then selling out That validation has been quite a clean strategy. Okay, so well you may notice that I am most passionate about the biotech sector.

It is our leverage ETS that provide us with that extra consistency that allows us to wait between catalysts. So what has Gosh been doing? well? Gosh has been providing oversold entry points and consistently holding upward direction during market hours. Love this because it allows us to buy in after showing signs of weakness, but then the recovery of directional strength and then sell out upon validation of a downtrend. But the key with this is making sure to not only hold the position into upward direction, but if you're caught holding a position and it breaks up or direction by falling under our red directional SMA line, then Susan it's time to get out.

And that's because we have this clean pattern of running up in directional strength. and if it breaks directional strength, we can simply go ahead and trade the inverse drip. And last but not least, because this is a biotech centered video I Feel like I should give you an update on LabVIEW and my thoughts on LabVIEW Personally I have been staying away from LabVIEW I Found the price action to be a little bit too chubby with acceptances of new direction and then fake-outs Unlike Gosh, which we saw earlier, this does not simply bounce off its directional strength, but it cracks below it and it's just too chubby at the moment for me personally. here at Zip Trader, we don't like chubby setups, but if you d see value in this more power to you, it's just not something that I'm personally focusing on or the focus at Zip Trader.

R Okay well folks I hope this video is helpful for you. If you have any questions whatsoever, feel free to reach out to us below or join our free Zip Trader circle. Facebook Group link in the description I Really appreciate you taking the time to watch these videos. If you'd like to watch more videos like this in the future, make sure to hit that red subscribe button and of course also that ravishing like button.

Anyways, folks, have a great day and I'll see you in the next video. Okay so a little bonus for those of you who are wondering how I find these days, all I do is go to Biopharma Catalyst com I go to Catalyst Calendars, then I go to the FDA calendar and then I sort by catalyst date and this is how I find me. This is how I find the majority of the stocks that I talk about in these videos and they're all set up in a very useful way with all of the different stage trials and the dates and the drugs and me tickers. And if you have a question in regards to which phase, what phases are, what PUFA means the FDA approval, blah blah blah you can go to the FDA calendar glossary and you look up each phase and what it means blah blah blah.

A very useful resource and they do offer some sort of paid program I don't use it I don't know anybody who uses it so I can't recommend it but I guess Do your own due diligence with that but everything is available for free. All the stuff that you need and all the things that I recommend in these videos anyways I Hope this bonus is useful if you stayed For the bonus, let me know in the comment section below and I'll keep doing bonuses like this.