Another $22,000 profit for me Monday, mostly using Jeff Bishop’s ‘money pattern’ which he’s teaching Wednesday at 8 p.m. ET.
NAKD – Fibonacci retracement in play above $4.70 for a move to $6+, maybe $7 – $8 if it gets frisky. Favorite setup headed into Tuesday.
WATT – Swing trade I’d like to get in today now that the markets have settled after 3-days of selling. Continuation chart pattern I like in the $15’s. Plenty of catalysts here could drive this to the middle $20’s if the right news hits.
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FENG – Swing trade in play above the middle $4’s. Big move back in May on earnings should bring buyers back into this one now that it’s settled above major support.
SFUN – Oversold chart pattern that tends to bounce aggressively when it heads higher. I’ll be monitoring for any sign of candle over candle to take a shot at this one.
RENN – Building momentum in the $2.40’s, like breakout looks like it wants middle $3’s again before it cools off. In play above $2.40 for a move to $3, take half and monitor for a breakout.
[Ed. Note: Jason Bond runs JasonBondPicks.com and is a swing trader of small-cap stocks. In 2015 he earned a 180% return on his money. Then in 2016 he turned a $100,000 account into $430,000! Discover How He Did It]