Nasdaq Plunges, but This Overlooked Tech Stock Could Surge

Nasdaq Plunges, but This Overlooked Tech Stock Could Surge‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ 

Nate Bear, Lead Technical Tactician, Monument Traders Alliance Stocks will look to bounce back today after suffering their worst single-day decline in 18 months. Now is not the time to get aggressive, but highly selective. And in a market like this, traders sell first and ask questions later. In turn, opportunities arise. And there's one I see right now in Vertiv (VRT). Vertiv helps keep the internet and important computer systems running smoothly. They make sure data centers and other critical tech facilities have reliable power, stay cool, and operate efficiently, kind of like a behind-the-scenes caretaker for the digital world we all rely on every day. Despite beating Q2 estimates and raising its 2024 outlook, Vertiv's stock fell 13.6%. The company reported strong growth in organic orders, driven by AI deployment demand, and maintained positive analyst ratings. However, I believe it was a victim of the tech sell-off. I expect the stock to bounce if the Nasdaq can rally today. Here's a look at the chart I had up yesterday morning before I got long: Write This Down: Tuesday, July 30 at 2 pm! Every Time The Government Releases Jobs, Inflation, GDP, and Other Economic Reports... Use The JOLTS Loophole for a Chance to Collect HUGE Overnight Profits! (Target up to 253%... 327%... Even 383% gains... OVERNIGHT!) Don't Miss Our LIVE Trade Of course, it managed to sell-off even more from there. But the reason why I like this one is because of the chart's weekly TPS Setup. The TPS Setup stands for Trend, Pattern, Squeeze. It's a trading approach that combines three key elements: Trend: Identifying the general direction of price movement in a stock or asset. Pattern: A specific chart formation that suggests a potential explosive move. Squeeze: An indicator that identifies periods of consolidation in a stock's price. This suggests the stock is "coiling up" for a potential significant move in either direction. The TPS System looks for situations where all three of these elements align, potentially signaling a high-probability trading opportunity. I believe that when a strong trend, a clear pattern, and a squeeze indicator all come together, it can lead to powerful price movements. Action Plan: With earnings season heating up, and volatility surging in the market, now is the time to protect your capital. And while I do like VRT, I'm using options to limit my risk and going further out in time, by selecting calls expiring in October in my Daily Profits Live Portfolio. If you'd like to discover all the details behind my trade and many others, click here for further details. U.S. Government Report Alert Tuesday, July 30 Every Time the Government Releases Jobs, Inflation, GDP and Other Economic Reports... Use he JOLTS Loophole to Target Up to 253%... 327%... Even 383% Overnight Profits! 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