HAPPY HOUR STARTS AT 10:30AM EST
Grab your beverage (coffee or cocktail, I don’t judge)… raise the volume… and get ready!
I’m going live in 30 minutes to help you trade the morning market.
I’ll be on air to answer questions, highlight opportunities, and help you make some extra cash.
It’s another beautiful day to grow wealthier and I’ll see you at 10:30AM EST for another Money Morning Live session.
Click here to join me.
PENNY STOCK HIGHLIGHT: BDRBF
Today, we’re going to buy the dip – something everybody gets wrong.
Fact is, every investor on Earth has lost money buying a dip.
Which is why I’m showing you how to buy a dip the Penny Hawk way.
All you have to do is look at the technical trend to determine whether the dip is worth buying.
The dip we’re buying today is Bombardier, Inc. Class B (OTCMKTS: BDRBF).
LET’S GET TECHNICAL
Shares of this jet company continue to trade in a strong technical pattern that is allowing for short-term “buy the dip” traders to take advantage of its momentary volatility strikes.
Fundamentally, the company is benefiting from improved demand outlooks from the regional jet plane market as many airlines are adjusting to shifting flight demand.
The recent pullback to $1.20 fortified the price as short-term support, though volume has been lighter due to seasonality that comes with late August trading. Returning volume is in position to act as a catalyst for higher prices as BDRBF shares prepare to move towards a breakout of their 200-day moving average.
RSI readings have also just dropped out of the overbought range, indicating that the shares now have a clearer path to higher prices as volume continues to increase.
My chart shows me that this stock is headed towards $2.00 in the long term.
It’s no secret that angel investors tend to get the biggest rewards because they get in on the ground floor.
For the past few days, I’ve been telling you about a revolutionary new company that’s positioned to be the undisputed leader of its industry.
This company has multiple partnerships in the works with big media franchises like Disney Pixar, Marvel, Star Wars… even TV franchises like Wheel of Fortune, Jeopardy!, and The Price is Right.
An opportunity like this doesn’t present itself very often, which is why this company has also caught Daymond John’s (aka the People’s Shark) full attention.
Mark my words, we’ve caught lightning in a bottle… and this one company is at the center of an entire industry’s technological overhaul.
Click here now to see how you can get the full brief on this company.
ACTION TO TAKE
A “trailing stop” is simply a percentage-based stop-loss.
Instead of exiting the trade at a specific price, we set the stop at a specific percentage when the stock hits our desired price. This allows us to safely chase more profits.
With that said, I’m looking down on the market with a bird’s eye view.
You can always see my top hawk stocks on the Breakout Watchlist.
Whether it’s new angel opportunities… or new buy-the-dip opportunities… I will bring the best investment plays right to you and will be here tomorrow with another update.
Until next time,
August 24 2021