This 2X Nasdaq Past Champ Has Key Triggered Technicals Right Now (3 Important Potential Catalysts To Know)
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We're getting the new week started off right.
Over the weekend, I put in some time researching a 2X Nasdaq past champ when a tip came across my desk to look at its technicals.
But more on that in a sec...
On two previous occasions, I've delivered this breakout idea only to watch it catch fire short term.
In total, this profile was able to accumulate approximately 188% combined within a span of a few weeks each time.
And each time, this profile popped approximately $1.00+ on the way to donning the champ's crown.
Not shabby, but here's why you need to focus in again right now:
Past Champ Key Details - 3 Important Potential Catalysts
#1. We're looking at a low float profile which means volatility could be on the table (daily). Yahoo Finance is currently reporting a float of fewer than 15Mn shares.
#2. Bullish technical indicators. At close on Friday, Barchart was reporting this profile to have upwards of 10 total triggered technicals across the short, medium, and long term.
Plus, one of those is the website's "Trend Seeker" composite indicator.
#3. On top of the bullish technicals, Barchart was also reporting a handful of oversold technical indicators that could signal a potential bounce/reversal on the horizon.
With a 14-Day Raw Stochastic below 10% and a 14-Day Williams %R above 90%, a potential bounce/reversal may be staring us directly in the face.
Since there's time now, do this: