RGC trade ideas
$4 to $16 with power hour making +60% run $10 to $16It was consolidating for 4 hours after morning news that investor or group purchased at least 5% stake in the company and filled with SEC. This made the stock pop to +150% on the day as traders speculated it could be a big reputable firm or individual so they want to be in as well. After strong support it moved further to +300% area total on the day and I warned everyone on time to get ready for $10 and $11 buys for the vertical new highs.
Last hour brought easy money NASDAQ:RGC
Waiting for a crazy brekout Obviously, NASDAQ:RGC is a crazy beast on steroids. Because it's ultra low float :) We've seen crazy moves already and now price is in consolidation stage. AWWAP formed since IPO serves as support and the price is coming closer to 10day SMA, what should also act as additional factor for going long. I have a position and now just waiting for the time to come when it gonna be sent to the moon.
Price targets:
1.618 fib level - at $69
$100 - psychological level