Good evening, RagingBull Elite [[Our Biggest Sale Of The Year](] CENN tried to breakout above $.44 Tuesday but backed off into the close, settling above $.38. I think the stop loss is around $.38-$.37 with an upside to $.60 if it works. ICCM closed the offering and started to spike. If shares break into the $1.70âs this has a nice range to middle $2âs. Stop loss would be a break below $1.50 or the open. SMMT continues to establish a very strong bull pennant above 38.2% Fibonacci. If that rising trendline continues to pinch, I think a test of middle $5âs for a breakout to $6âs is in the cards. Medium risk of an offering according to Dilution Tracker. For the bull pennant rising trendline to stay in play Iâd like to see it hang around $4. RAYA didnât breakout at the IPO price of $4 so it retraced to support. Up over 100% off the lows you can see how Fibonacci would be drawn here, but itâs really not needed since we can see the middle $2âs should find buyers if itâs to have another shot at the $4 breakout. Iâd like to see this in the $2.70âs to believe itâs going for $4 again anytime soon. It responded very well to a bullish move in the IWM, so if futures move up Wednesday, watch to see if buyers show up again. No doubt Wednesday it was weak but last weekâs $1.72 - $3.89 jump when the IWM was advancing has my attention. IMRN was a great mover today, rising steadily despite the market weakness. The news here was good and the risk of an offering is low so I think it can get $3 soon. The company has 77.2 months of cash left based on quarterly cash burn of -$0.61M and estimated current cash of $15.7M. PHVS continues to suggest a test of $12 is coming with an overall range to $15. The news was good here and Fibonacci held well, despite a weak market. Volume is light and price continues to climb so letâs see if it gets to $12 and how it handles that if / when it does. VERI is the start of my January effect stalking. The January Effect is a perceived seasonal increase in stock prices during the month of January. Analysts generally attribute this rally to an increase in buying, which follows the drop in price that typically happens in December when investors, engaging in tax-loss harvesting to offset realized capital gains, prompt a sell-off. Iâm monitoring middle $4âs as the stop and looking for $7âs on the bounce. The company has 69.0 months of cash left based on quarterly cash burn of -$8.21M and estimated current cash of $188.8M. ORIC is a base trade thatâs in play above $5 for a move to middle $7âs. The company had excellent news recently and I see now reason this weekly chart seen below wonât make a move toward double digits in 2023. If $5.11 canât hold up from the August spike then maybe it $3-$5 sideways channel. Trading is a very emotional pursuit. I strongly recommend reading [Trading In The Zone]( and [The Disciplined Trader]( to help think objectively about your trades. Both books are by Mark Douglas and come with my highest book recommendation I could give you. I recently created a trading plan checklist and how to video which is [included in Lightning Alerts](. If you recall, this is what helped me identify SMMT around $1 before it doubled into the $4âs within a week, PHVS in the $3.50âs before it ran to the $11âs same day, and who can forget AMAM at $.56 before it ran 1,007% the same day. Feel free to [download the PDF]( and use it as a guide. The live stream chat room schedule is 7-11A ET and 2-4P ET daily. The main topic centers around day trading. The newsletter schedule is 8P ET nightly, 12P ET daily, and 2P ET Friday (MondayMovers). The main topic centers around swing trading. Day trades are alerted in the [live streaming chat room](. The goal on all day trades is 10-20% unless otherwise noted. Stop losses are based on technical analysis. Swing trades are alerted in the live streaming chat room, RagingBull APP, and email in that order. The chat room and APP alert delivers instantly and at the same time. The email alert is slower to arrive. For swing trades, I buy after subscribers have been alerted. This means once the email lands in my inbox, I look to buy or sell. For you to receive a swing trade alert from me, a trade plan must have been discussed in the newsletter first. The goal on all swing trades is 10-20% unless otherwise noted. Stop losses are based on technical analysis. Long-term trades are alerted by email before I buy. For you to receive a long-term trade alert from me, a trade plan must have been discussed in the newsletter first. The goal of long-term trades is 50%+ unless otherwise noted. Here are [25 terms]( you should know. Please let me know in chat if Iâm missing anything or you have clarifying questions. Stocks tend to move in 3 patterns. The way I visualize this is in breakdowns (fishhook), continuation patterns (bull flag / pennant), and breakouts (rocket). This chart on MANU is a good visual of how I see the market i.e. fish hook (red), pennant (black), and rocket (green). Breakdowns and breakouts are my favorite because they present the most volatility and range in both directions. Fishhook a.k.a. Breakdown chart pattern. The fishhook pattern emerges on a sharp downward move in the stock price through support on heavy volume and tends to be quick in duration and severe in magnitude. Excellent for Swing Alerts. Pennant a.k.a. Continuation chart pattern. A pennant will have a period of consolidation inside the triangular flag shape on lower volume followed by a breakout, outside the triangular pattern, on higher volume. Excellent for Swing Alerts. Rocket a.k.a. Breakout chart pattern. A rocket is when the stock price moves outside a defined support and resistance level with increased volume. Enter long on a break above resistance or short on a break below support. In penny stocks, breakouts are often accompanied by dilution which for the most part, destroys the momentum. I use [Dilution Tracker]( to gauge offering risk. Excellent for Lightning Alerts. To better understand day and swing trading chart patterns I recommend [The Candlestick Course](. It is not wise to try and mirror my trades. And itâs especially unwise to chase trades. There is nothing wrong with us being in the same trades but remember, I am not a financial advisor, my results arenât typical, I likely have more experience than most, and my tolerance for risk is high. Instead of mirroring Iâd like you to learn from what Iâm doing and create your own trade plan. Trading is hard and most traders lose money. Those willing to work at their trading are most likely to get better at trading. Those looking to get rich quickly will likely blow up their accounts. I had a good year in 2021 and a bad year in 2022. In an effort to be as transparent as possible, whether I have a good or bad year in 2023, I am committed to live streaming my open day, swing, and long-term positions during the day and publishing my statements at the end of each month for all to see. I hope to have a very, very good year. I hope you have one too. You can learn more about Lightning Alerts [here](. LIMITED-TIME HOLIDAY OFFER [SAVE 70% on Lightning Alerts]( ONLY $4,296 $599 YEARLY YOU SAVE $3,697 TODAY â HOLIDAY OFFER â âJB: love your newsletters with Fibonacci retracements!â ~ Andrew âNewsletter is outstanding!â ~ Bsuggs âHey JB, what an amazing newsletter / writeup you put out for your subscribers summarizing watchlist and levels. It is very useful to me and I read it entirely. This is "the" only service that I have seen where the expert is truly focused on teaching. We are blessed to be subscribed to the service.â ~ Optimistic âGreat job on the newsletter JB.â ~ Don â@JB, I really appreciate the time you put into the newsletter! Informative and well thought out! You are working brother - and it shows!â ~ David [ SAVE Even More with Coupon Code: SAVE100]( Jason Bond RagingBull, LLC
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