Defiant Momentum

Monday's Stock Surge Daily

Stock Surge Daily with Ross Givens Click here to view this email in your browser.    Click here to unsubscribe.  View the Digital Edition Here Hey, Ross here:   And let's start a brand-new trading week with an actionable trade idea. Chart of the Day On Holding (ONON), the popular athletic shoemaker, has been a favorite of mine since the beginning of the year.   Hot retail brands have been some of the biggest success stories in the stock market, so I am always in search of a budding name with big sales growth like OnCloud.   The company is growing revenue at around 80% per quarter so this stock is in play until those numbers start slowing down.   ONON made new 52-week highs this week before falling 6% in Thursday's selloff – pulling back to the 21-day moving average, which has supported this stock for most of the current rally.    Friday proved that 21-day moving average support thesis further, with the stock "bouncing" off the support level.   I told my paying subscribers to get in Friday morning – but there's still a buyable opportunity here.   If you take advantage of this opportunity, I recommended putting a stop loss below the 50-day moving average.   Recommended Link: Forget Microsoft and Google - there’s a tiny “backdoor” AI company that could be a WAY BETTER way to invest in the red-hot $15 trillion AI market. Insight of the Day The failed follow through to the downside after Thursday tells me positive market momentum is extremely strong. After the selloff last Thursday, the highest probability scenario was a continued follow through to the downside – at least for a few days – given how far the market has run already.   But instead, stocks defied the pullback to rip higher on Friday to end the week strong.   This tells me the underlying positive trend is extremely strong.   This is good news, because it means it's the perfect time to deploy my breakout strategies to spot stocks about to make big surges higher.   So, if you don't have these breakout strategies in your toolkit already…   Click here to see what you've been missing. Embrace the surge, Ross Givens Editor, Stock Surge Daily The Chief Trading Strategist at Traders Agency, Ross Givens’ strategies have helped many people advance toward their financial goals. His specialty is pinpointing big fast moves in under-the-radar stocks – a philosophy developed after years on Wall Street watching institutions do exactly that. Click here to read Ross’ previous trade ideas and market analysis – it’s guaranteed to improve your skill as a trader. You are receiving this email at indra21poetra@gmail.com because you are a valued member of the Traders Agency Community. If for any reason you believe you received this email in error, you can safely ignore it, or click here to unsubscribe. Stock Surge Daily 20 North Orange Avenue, Unit 1100 Orlando, Florida 32801 ©  2023 Stock Surge Daily. All Rights Reserved. Archives | Terms & Use | Privacy Policy | Unsubscribe