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- The perfect stock to kick off a Turkey Week rally š¦š
The perfect stock to kick off a Turkey Week rally š¦š
The next move is comingā¦
Melissa Bishop
November 19, 2023
Chat Room I DROPS TOMORROW I Ends TONIGHTšØ
The markets hit yet another lofty plateau last week, holding on to Mondayās inflation bump but trading largely sideways since then.
It was another win for the bulls as short covering pushed indexes higher than was perhaps justified by the only slightly better-than-expected inflation report.
Barring some actually unexpected developments, I think weāre looking good for a gradual Santa rally to round out 2023.
On our front, I ran into a speed bump on Monday with my āBright Idea š”ā that I mentioned on Monday. Right at the market open, they announced a stock offering that put a cap on the potential for that day.
By the time most readers saw my report, the stock was thankfully already down a lot (Iām glad I held off a day and didnāt send it out Friday!)
They wonāt all be huge winners, but at least they got the offering out of the way early, so that play was basically dead as soon as it came out. I call that a big ānothing burger.ā
For now, Iām looking at another company that already made a direct offering earlier this month, so I donāt think another one is in the cards anytime soon. We can just focus on the technical picture at hand.
Itās a stock thatās had an orderly run-up over the last four weeks. The technicals are showing no signs of this stock slowing down yet.
If you look at the chart above, youāll see this stock is signaling all systems āGo, GOā¦ GO!ā
In my full writeup tomorrow morning, Iāll explain how this breakout (the stock is up about 17% over the last month, as shown in the chart above) has been great, but it hasnāt made a HUGE āblow-offā type move yetā¦
And when I say āhuge move,ā I want you to consider this stock had one of the biggest days of any stock in the entire stock market earlier this year.
In a single day, this stock shot up over 700%.
Yep, Iām going to show you what happened and how this stock handed investors a ridiculous 700% gain in a single day just a few months ago.
Iām not suggesting that will happen again tomorrow, but I want to show you the type of range this stock has seen in the past.
But the stars are aligning, and as I said, this stock has been building momentum for the last few weeks.
I think tomorrow could see a real upswing.
Itās an opportunity that would need to be jumped on early, though. I think by afternoon, the entry price wonāt be as favorable.
This is just a heads-up, though. Iāll have the full details for you before the market opens in the morning.
Tune in to see what Iām on to and if you agree with my idea (Iām taking bets!)
Until thenā¦
To Your Success,
Jeff Bishop
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