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By no means would I recommend shorting this stock as it’s at the center of developing AI driven mini-mania. But it could pullback to establish a near-term trading range between $419 and $370. I’d consider the current trading price of $390 to be a good place to take short-term trading gains. And for those in a long-term buying mood, I believe you’ll have an opportunity to add to positions at lower prices. So, sit on those bids. CTLT, on the other hand, looks like a short. Volume continues to build as the price goes down – with sharp drops between temporary islands of consolidation. Based on the 30-day volume profile, $29 looks like a good near-term price target. Those patterns of drops followed by higher volume consolidation at each lower price are a sign of building momentum. And it’s that pattern that makes TGT a compelling short as well. You can see the pattern in the chart above. It’s currently consolidating around $135, but the bias continues lower and $116 still looks like a good price target to me. And to get more details, you are free to check out today’s “Sizzle Stocks” recording over on my Prosperity Pub channel on Telegram. Take What the Markets Give You. JEFFRY TURNMIRE This Is Not a Drill! The current Bitcoin Loophole is up NEARLY 50% after just ONE trade day! If you haven’t seen what’s behind this technique and seriously considered getting in on this one-of-a-kind opportunity, I have just one question for you… What are you thinking?! You can target the explosive gains crypto is known for without the high risk factor! No crypto wallet… No extra fees… No coinbase account… Seriously, what are you waiting for?! I recently sat down with Jack Carter and walked him through the whole process - you can check it out HERE! I hope you enjoy, Jeffry Disclaimer: The profits and performance shown are not typical, we make no future earnings claims, and you may lose money. The trade mentioned is the strategy’s first win and is currently positive but has not yet closed as a winner. |
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