How I’m looking to trade ACET and CFVI breakouts today

Good morning. We’re taking a break from the Weekly Watchlist and Connect the Dots this week for a few reasons. First, the IWM entered a correction so multi-week swings on penny stocks have simply been a pain in the butt. Second, I have family visiting the house so I’ll be spending evenings with them. But the more important and final reason is that I want to get laser-focused on some momentum trading which requires a little more babysitting but can be very exciting when they work. You should expect a more focused morning watchlist ([theRooster]() and afternoon watchlist ([theRedeye]() Monday - Friday this week. For me, momentum trade hold times are 0-2 days with a goal of 10-20% gain from my entry. The stop loss is defined by the technical pattern and I trend to trade smaller positions in momentum stocks. Other than the J-hook pattern, this is my bread and butter pattern. ACET is up on big news Monday morning and has a lot of chop (resistance) just ahead in the $15-$18 range. Already up 40%+ early, I’m watching for some retracement to $13-$11 for a possible gap recovery and go trade ([see video lessons](). As always, JasonBondPicks subscribers can take advantage of my pre-alerts using the RagingBull APP. This is where I alert, in real-time, a minimum of 10-minutes before I buy the stock. If you get a pre-alert, it is absolutely my intention to take the trade. CFVI has a lot of eyeballs on it lately and this morning it’s right back up to the $14’s threatening a breakout. Shorts are now trapped after Friday’s move lower and if $14’s breaks as resistance, there’s a nice looking base trade ([see video lessons]() from there to round number $20. I’m absolutely still watching these [8 J-hooks]( and the [7 January Effect stocks]( but as I noted, the combination of the variant news and inflation news has caused the penny stock sector to fall into a correction, making multi-week holds very boring and bloody. Stalking for now, I anticipate going over these in detail at Sunday’s Connect the Dots. As always, JasonBondPicks subscribers can take advantage of my pre-alerts using the RagingBull APP. This is where I alert, in real-time, a minimum of 10-minutes before I buy the stock. If you get a pre-alert, it is absolutely my intention to take the trade. You can download the APP below. Jason Bond [Alternate text]( [Image] [Facebook]( [Twitter]( [Instagram]( [LinkedIn]( RagingBull, LLC 62 Calef Hwy. #233, Lee, NH 03861 [Unsubscribe from all RagingBull emails]( © Copyright 2020, RagingBull DISCLAIMER: To more fully understand any Ragingbull.com, LLC ("RagingBull") subscription, website, application or other service ("Services"), please review our full disclaimer located at [(. FOR EDUCATIONAL AND INFORMATION PURPOSES ONLY; NOT INVESTMENT ADVICE. Any RagingBull Service offered is for educational and informational purposes only and should NOT be construed as a securities-related offer or solicitation, or be relied upon as personalized investment advice. RagingBull strongly recommends you consult a licensed or registered professional before making any investment decision. RESULTS PRESENTED NOT TYPICAL OR VERIFIED. RagingBull Services may contain information regarding the historical trading performance of RagingBull owners or employees, and/or testimonials of non-employees depicting profitability that are believed to be true based on the representations of the persons voluntarily providing the testimonial. However, subscribers' trading results have NOT been tracked or verified and past performance is not necessarily indicative of future results, and the results presented in this communication are NOT TYPICAL. Actual results will vary widely given a variety of factors such as experience, skill, risk mitigation practices, market dynamics and the amount of capital deployed. Investing in securities is speculative and carries a high degree of risk; you may lose some, all, or possibly more than your original investment. RAGINGBULL IS NOT AN INVESTMENT ADVISOR OR REGISTERED BROKER. Neither RagingBull nor any of its owners or employees is registered as a securities broker-dealer, broker, investment advisor (IA), or IA representative with the U.S. Securities and Exchange Commission, any state securities regulatory authority, or any self-regulatory organization. Employees, owners, and other service providers of [RagingBull.com](, LLC are paid in whole or in part by commission based on their sales of Services to subscribers. WE MAY HOLD SECURITIES DISCUSSED. RagingBull has not been paid directly or indirectly by the issuer of any security mentioned in the Services. However, Ragingbull.com, LLC, its owners, and its employees may purchase, sell, or hold long or short positions in securities of the companies mentioned in this communication.