RUN THE MARKET WITH CHRIS JOHNSON
It’s a beautiful day to run laps.
Of course, I’m not talking about physically running… I’m talking about running laps around the market.
I’m going live in 30 minutes to take my daily run through the best stock opportunities of the morning.
It’s the last trading day of the week but that’s no excuse to do nothing when we can easily make some money!
Click here and join me on Money Morning LIVE at 10:30AM ET.
PENNY STOCK HIGHLIGHT: RGBP
Three weeks ago, I recommended an entry in Regen BioPharma Inc (OTCMKTS: RGBP) at $0.02.
At the time it was trading at $0.025.
But it never dropped back down and instead rallied 300% higher over the next eight trading days.
Well, the stock has retraced down to the $0.03 level and absolutely nothing about the fundamental picture has changed.
Which means we have another opportunity to position ourselves for a potential 300% gain.
And we are not missing this rally twice.
LET’S GET TECHNICAL
Shares almost touched their 20-day moving average this week.
This happened after we saw crescendo volume on the stock as it hit $0.08.
That set things up for a quick retracement to strength, which is exactly what we’re seeing now.
The 50-day moving average is still rallying strongly, which tells us that the stock is on the right side of the trend and momentum trade.
What’s more, volume has bottomed out, indicating that the selling pressure that had built-up on shares of RGBP has run its course.
A slight bump in buying volume should shift the tide into another bullish run for the stock.
ACTION TO TAKE
As we welcome the weekend, I wanted to take a little time to remind you about Night Trader.
When my powerful algorithms pull up a great trade opportunity, I email you the exact entry and exit price for the trade.
If we ever have to make any quick adjustments, the Night Trader service’s infrastructure allows me to send you an urgent email alert… and I can even send the entire readership a quick chat message in the Night Trader private chat room.
It’s the most elite trading research service that I offer.
For more information on Night Trader please call the dedicated phone line at 1-877-211-3024.
Until next time,
September 10 2021