10:30AM ET IS CAMEL TIME
As the GEICO camel says, Wednesday is Hump Day.
And you know what we’re about here on Money Morning LIVE.
I don’t care if it’s the beginning, middle, or end of the week – if the market is open I’m going in for the hunt.
Join me in 30 minutes as I look over the market for the best stock opportunities.
PENNY UPCYCLE HIGHLIGHT: WSTRF
Today, we’re going to upcycle WSTRF.
We’re also going to adjust our trade in Darkpulse Inc (OTCMKTS: DPLS).
But first, let me break down WSTRF – here’s what I don’t like about this trade…
I don’t like the fact that we only got a 4% profit the last time we played it. This was due to a wide trailing stop.
But here’s what I do like…
Many mineral stocks saw exaggerated selling over the last two days.
But yesterday, WSTRF bounced off of its bullish 50-day moving average.
Although we may not see shares get the “shot in the arm” that I usually like to see, it’s still a great trade we can upcycle for predictable profits.
In fact, WSTRF is a stock I see as both a long-term investment as well as a short-term trade.
ACTION TO TAKE
Adjust your DPLS trailing stop to 5% when it hits $0.14.
But right now it’s forming a technical bottom at $0.10 with a short-term target of $0.14 – which is a 17% profit on the position.
So we’re adjusting the trailing stop to 5% when it hits $0.14 to secure our profits.
You know, this unpredictable market is causing me to make more adjustments lately.
I talk about these adjustments a lot in my private Night Trader livestream, as well as the private group chat.
Not to mention, my Night Traders get the most up-to-date trade adjustment I can possibly provide.
We must remain proactive in this wild stock market.
And I want to help you protect your portfolio during this post-pandemic economy.
Please, call 1-877-211-3024. A real live person will pick up the phone and you two can discuss if this sort of hands-on trading research service is right for you.
Of course, I will always be here, giving you daily Penny Hawk updates as well.
Until next time,
September 22 2021