HALFTIME PREGAME WITH CJ
Tomorrow, we will officially be halfway through September.
Which means the final month of Q3 is approaching its end.
In 30 minutes, I’m going on Money Morning LIVEto see how the calendar will affect the market.
Today’s movements will give us vital clues on what to expect for the next two weeks.
Click here to see how to play the final weeks of Q3.
PENNY STOCK “LOWLIGHT” – PBYA
Probility Media Corp (OTCMKTS: PBYA) popped up on my radar today.
The stock is moving towards its 50-day moving average, which is in a bullish trend.
I was looking into the company and the company is OTC current.
They’re in the training and education industry which is getting a boost due to job expansion in the marketplace, which means that we should see growing interest in the shares.
There are only two things that are missing.
- We haven’t seen a shift in volume. In fact, volume is currently declining.
- We haven’t seen the stock test its 50-day moving average yet.
There’s no doubt that the stock is showing very strong signs.
In situations like this, we could be aggressive, and buy shares at $0.01 with a 5% trailing stop.
In fact, it can be really tempting to do so because it only costs a penny.
But the wise thing to do is wait for the trade to develop.
This ties in with the ninth Penny Hawk commandment- listen to the noise.
We want to wait and see if there will be a sudden influx of buying activity so that we can ride this wave to a predictable profit.
So keep your eyes on PBYA and chase the trade if you’re feeling aggressive but personally I’m going to watch the stock unfold before putting in my money.
Of course, a buying opportunity could present itself at any time of the day.
If you’d like an update whenever you need to make an immediate trade – or immediately get out of a trade – the best way to get it from me is through Night Trader.
I’ve got an entire team working behind-the-scenes, working and maintaining the infrastructure that allows me to send Night Traders email alerts, chat messages, and even more live stream time.
It’s the absolute fastest way to get any trade alerts from me.
To see if joining Night Trader is right for your personal financial goals, please call 1-877-211-3024.
Until next time,
September 14 2021