2 Hot Stocks On The Radar

[RagingBull Elite]( Dear Undefined— Jeff Bishop here, Traders were greeted with a gap down this morning… [Alternate text] And most are probably fearful and nervous about what’s to come. However, our top traders understand how to handle all this uncertainty and remain on offense. There will be pockets of opportunity, and you better believe we’re all about teaching you how to uncover money-makers even when stocks are getting crushed. That said, I want to share two reliable setups in hot stocks, which have the potential to pop off as our chart of the day did... [I'm an image] The chart of the day is NIO. We have covered this one just recently— and here it is again, as it made a 16% move intraday. The company announced a key production milestone, manufacturing 5,000 cars this month. Here’s the chart of the intraday action with brief commentary: [Alternate text] There were two key levels of note: the previous all-time high of $29.40 and the $30 psychological mark. Both levels were broken in the first half of the day, which signaled the beginning of another leg higher. The trade itself was relatively straightforward. The tricky part was to find this stock and start focusing your attention on it. This goes back to yesterday’s point of keeping recent movers on your watchlist and identifying key levels. Hindsight is always 20/20. However, familiarize yourself with these clues, so next time the setup comes, you are better prepared to crush it. Are you a member of Nate Bear’s newsletter? NIO was [one of two trade ideas he doled out at zero cost]( on Sunday that smashed it out of the market, even in a weak market. [Alternate text] NIO is an example of a chart pattern that we sometimes call a “stock that never went away.” As traders, we assume that a huge up move will be followed by a pullback, at least temporarily. This rally, however, has more than proven this doesn’t have to be the case. A stock that never went away is exactly that— a name that seemingly can’t go any higher but keeps hovering at the highs. It feels very unnatural to try and buy something like that. If anything, it seems reasonable to try and get short. But, as NIO shows, the hardest thing to do often proves the wisest. Here are two well-familiar names that have been trading in a very similar fashion: Peloton (PTON) - We won’t waste time describing the company— by now, we all know what it is. - Much like NIO, the stock has been incredibly popular among traders and has seen nothing but upside since the beginning of the pandemic. - The one key catalyst to focus on right now is the earnings report scheduled for release on November 5th, after the market closes. If the numbers are solid and the market loves what the executives say, the stock can take off similar to how NIO and PINS did. Here’s a look at a trade plan for PTON. - Buy Zone: 111-114 - Profit Zone: 129 for half, 142 for the rest - Stop Zone: 108 (or before earnings, whichever comes first) [Alternate text] Remember, PTON is expected to report earnings, and it’s risky to buy and hold into the event. Zoom Inc. (ZM) - Just like its peer from above, ZM needs no introduction - The stock has made incredible fortunes over the past 6 months, and devastated many others who thought, “how much higher can it really go?”. - The second wave of the virus and the earnings reports (coming up sometime in February) may defy the skeptics once more. - The one trend that’s been working in ZM is buying on dips, and that can be one to stick with right now. Once ZM finds support and starts to turn, the stock is poised for a retest of all-time highs and possibly for another leg higher shall the numbers impress. Here’s a look at a trade plan for ZM. - Buy Zone: 460-470 - Profit Zone: 550 for half, 580 for the rest - Stop Zone: 430 [Alternate text] PTON and ZM are both stocks that Ben Sturgill has traded for triple-digit returns in IPO Payday over the recent months. [Test drive his IPO Payday service with this special quarterly offer that expires on Sunday.]( [Alternate text] Few things in this world beat the excitement of successfully cashing in on an IPO. These stocks move fast and have incredible upside potential. Ben Sturgill can remember buying shares of Google in his college days— and then cashing in on the investment to buy his wife’s wedding ring. Whether or not the next Google is right around the corner, we can’t be certain. But we’re entering the grand finale of one of the best IPO years in history. Already this year, we’ve seen over 170 initial public offerings, and the Renaissance IPO ETF is up 76% year-to-date. That’s over 9 times the growth of the S&P 500! We’ve witnessed hot tech companies like Snow (SNOW), nCino (NCNO), and Bill.com (BILL) hand traders some impressive gains. Ben doesn’t want you to miss out on these kinds of returns, which is why he created [IPO Jackpots.]( In it, he shares everything from how to get long IPOs with smart trade plans to how to spot bad IPOs to bet against. [Alternate text]( [Download the book]( [Alternate text]( [Alternate text] [[Inside Look] One 🔥 Hot Tech Stock On My Watchlist]( By Ben Sturgill of Daily Profit Machine [Alternate text]( [3 Ways to Prepare for the Next Market Move]( By Nathan Bear of Weekly Money Multiplier [Alternate text]( [Alert: The One Area To Focus On Right Now]( By JC Parets of Chart Hunter [Alternate text]( [Polar Power Bounces Off the 200 Day]( By Jeff Williams of Penny Pro [Alternate text]( RagingBull, LLC 62 Calef Hwy. #233, Lee, NH 03861 [Click Here to stop receiving emails from support@ragingbull.com]( [Unsubscribe from all RagingBull emails]( 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. 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