This is an insanely volatile market…
Triple-digit squeezes are everywhere.
Stocks are doubling before lunch, and then finding new lows in the same afternoon.
It’s hard to catch the meat of these moves without getting your head taken off.
On Monday, we saw a stock run 94% in just 85 minutes after the bell. It closed 24% lower than it opened.
Then on Friday, another one ran 130% in a session and traded over 1.2 billion shares on a stock that normally does about 2 million.
It then closed the day 44% down from its high.
The point is: There are juicy moves happening every week.
But chasing them is a big mistake.
The only chance you have to beat the crowd is to plan far ahead.
These charts move in price ranges, and you can usually see the next one on the chart if you know where to look.
These are the names I’m building a plan for…
3 Stocks I’m Watching This Week
NCPL
My level: $0.90
Netcapital Inc (NASDAQ: NCPL) was one of the cheapie runners on Friday. I’m looking for $0.90 to start acting as support. If it gets there and holds, I’ll probably take a small position.
On Monday, it closed at $0.72, so my level hasn’t been met yet. Its only trade above $0.90 came on Friday’s spike to $1.04, and it gave the entire move back before the bell. Still on the list.
FNGR
My level: $0.60
FingerMotion, Inc (NASDAQ: FNGR) was the other cheapie runner Friday, and it’s the one I’m least interested in right now.
$0.60 is clear resistance. Until that level starts acting as support, I’m not taking a long position on it.
Monday, it opened at $0.27 and closed $0.22, down 44% on the day. The high of the day printed on the 9:30 bar, so the whole session was one long slide off the open.
Which means my level is further away today than it was Friday, not closer. FNGR and NCPL like to run and dump together, so I’m watching them as a pair.
CHAI
My level: $0.50, then the $0.70s
Core AI Holdings, Inc. (NASDAQ: CHAI) was another solid cheapie running Friday. I’m keeping an eye on $.50 turning into support. If it gets there, I’d look for a run into the $0.70s, and maybe even $1.00 if it gets going.
Monday it closed at $0.38, which leaves about 31% between where it sits and where I’d get interested.
What I like about it is the base underneath. This thing traded 307,000 shares on Wednesday and nearly 300 million on Friday, and it has held well above its old quarter-a-share range for two full sessions since. Nobody’s dumping it yet.
All of these levels are a ways off from their current share price.
Remember, we’re trying to be early to the move. The only way to do that is to have a plan for these names BEFORE they pick up steam.
The majority of these watchlist names will never hit their levels. ‘
But that 1 name that does will make up for all your lost time looking at charts that didn’t trigger.
It’s not sexy. But this gives you a chance every week.
Stay Sharp,
Jack Kellogg
*Past performance does not indicate future results
