This allows for uniquely immersive experiences for concerts, shows and events that go beyond traditional venues. And while that sounds cool. It's the setup which drew me to the stock. As of last Friday's price action, it had several bullish signals on the 5-min, 15-min, 30-min, 1-hour, and 4-hour charts. Including a squeeze on the 2-hour chart. A squeeze can signal a potential big move in a stock after a period of low volatility. Think of it like a volcano - the longer magma builds up beneath the surface, the more powerful the eruption when it finally breaks through. But that's not all… What can make super explosive is that the stock is among the most hated on Wall Street. What do I mean by that? Well, 25% of the floating shares are short the stock. In other words, if the stock can continue to build on its positive momentum, it could ensue a "short squeeze." Which would create a dramatic move higher. Action Plan: I've started to build a position in SPHR in my Daily Profits Live Portfolio, using call options. The stock has a good chance this week of breaking past its 52-week highs, and potentially squeezing significantly higher. If you'd like to learn more about what and how I trade in Daily Profits Live, check this out. |
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