Don’t Miss These Stocks Tomorrow
If you're not paying attention to these three stocks from Monday's trading session, you might be missing out on something significant.
Now August has been one of the craziest months of the year and the last few weeks the watchlist has given you the biggest stocks in the market every single week.
And now this is the start of the last week of the month. But that being said, the top stock for tomorrow is a massive daily breakout waiting to happen.
First on our list is a slight shift in focus. It pertains to SPC X. Now, I can already hear your thoughts: "SpaceX? Really? This isn't typically something you'd include on a watchlist."
I am excited about SpaceX, especially after its IPO. It shows strength with double bottoms and I’m watching for it to maintain the $125 level near the daily 20 moving average.
If it holds, it could reach previous highs above $150.
Additionally, DXST, which surged 40% in after-hours trading, also looks promising, though I'm cautious about potential topping tails from Friday.
Does that mean we have sellers to the upside well we'll find out in the morning in the live stream?
In the morning, I will be monitoring for a potential opportunity to make a move if this shows strength. Specifically, I'm looking for a breakout above $3.58.
If that occurs, I will watch for pullbacks that confirm above the VWAP, providing an entry point from those pullbacks for the next upward leg, potentially reaching $4 and even $5 per share.
However, I must ensure that there aren't significant sellers appearing above $3.60, as the topping tails from Friday might suggest that sellers are positioned overhead.
Next up at number three is the most explosive stock from Monday's spread. This massive 50% runner from Friday looks absolutely incredible.
I'm referring to PMI, the stock that surged 50% on Friday, and it looks fantastic.
We have a previous high around $5.50, where we saw a retest as we approached Friday's close. It pulled back beneath $5.50, so I'm looking for a breakout above that level. Watch for the price to pull back and establish a solid confirmed bottom over $5, above VWAP.
After that, we could see the stock range back through to new highs, reaching up to $7.50 per share.
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