Friday, October 9, 2020

Will This EV Penny Stock Rip Higher?

RagingBull Elite



Edward Lance lorilla,


In Weekend Wiretaps our aim is to bite some meat off of a strong ripper.


Well, last weekend, Jeff Williams caught the whole raging bull.


If there's one thing that feels better than picking a winner— it is picking a winning sector and then the best stock in it.


Sector moves are usually event-driven chain reactions and there are multiple reasons to love them.


For one, if you're on the right side, the ticker really doesn't matter— almost any pick could provide solid gains. 


Wide sector moves do marvels— they push laggards much higher and they blast leaders up in the sky like a medieval cannon. 


The event to ignite the sector doesn't have to be a global pandemic— oftentimes, it may seem irrelevant at first.


Nonetheless, if price action across the board catches on, insane moves will come.


In our case, Piedmont Lithium (PLL)'s announcement of a supply deal with TSLA came in and well, ignite is an understatement...


All of a sudden multiple boring-chart & well-forgotten lithium suppliers turned into aggressive sympathy plays, hitting all scanners. 


At that point, our job was just to cherry-pick the one we like most. 


WWR was a fairly obvious choice:


  • Technicals were great— broke out of long-time consolidation, held every retest of prior support. 


  • It was doing massive volume: if just a fraction of it was short selling, with a float of only 7 million, a high percentage of available shares would be stuck short. 


  • It was the leader!


If WWR were to hold support again, there was no way it wasn't going higher.


Jeff Willaims waited for a dip, and late Friday into-weekend sell-off provided a good entry point— he bought his shares at $4.799 and $4.605


The rest is history— Monday gave him an exit 25% higher about 15(!!!) minutes into the trading session! 


The stock eventually went on to hit $9.20s later in the day and an absurd $18.5 in the pre-market hours of the next session.





Jeff immediately sent the alert out Monday morning to notify his Weekend Wiretaps subscribers...





And Jeff wasn't the only one to cash in…






If you missed out on WWR, check out this hot penny stock that we think could be set to rip higher any day now...



Alternet Systems - ALYI


Alternet Systems is a producer and distributor of energy storage solutions and an EV player.


The company is developing an electric scooter for Sub-saharan markets called ReVolt Electric Motorcycle.


As a stock, ALYI should be familiar to many of you— it sure popped up on your scanners, plus we've covered it numerous times over the past few months.


Before we get to most recent action, let's quickly go over the big picture:


  • Over the past year the company has been developing an affordable electric motorcycle for sub-Saharan markets


  • In late August, the company announced that its funding arm— an ICO RevoltToken— may generate proceeds above its initial target of $100 mil, leading to a near 600% gain in a matter of 2 days


  • Over the past month the company announced multiple orders for the motorcycle and now anticipates revenues of up to $500 mil for the next 6 years, once again sending the retraced shares 80% higher


  • The company's been making regular catchy headlines and looks to be primed for a move higher should one of them confirm in price action


What's new:


  • On 10/7, the company announced it's now offering a Retro Electric Motorcycle, as well as conversion kits that allow to turn old models of motorcycles into modern EVs


  • Stock price, which had retraced but held its long-time support of $0.01 moved higher again on notable volume


Trade Idea & Outlook:


  • Despite regular press releases, the stock's been more of a disappointment— it steadily sold off each time. However, one day it will catch on to the PR and run and we don't want to miss it


  • We love the current action— but will assume it fails, until proven otherwise. We're currently long with starter size against $0.012


  • We want to see it hold higher and consolidate— the goal is to add on consolidations higher, while simultaneously moving up the stop


  • Industry permitting and with proper news flow, we think a move into $0.03 is possible and potentially much higher than that






To learn exactly how Jeff Willaims is trading the penny stock market each Friday-Monday, check out his Weekend Wiretaps service. 


His next pick is about to go LIVE here any moment now. 


Learn how to get involved today. 






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The RagingBull Team




*RagingBull does NOT track or verify subscribers' individual trading results and these individual experiences should NOT be understood as typical as or representative. Please see our Testimonials Disclaimer here: https://ragingbull.com/disclaimer



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