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HT Weekend Watchlist- Small Caps & CB Stocks Rally, T4AC Event in Vancouver

Humbled Trader's Weekly Stock Picks & Market Update

Author

Humbled Trader
March 24, 2024

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Hi Traders! Traders4ACause is coming to Vancouver, Canada on April 8th.

Come hang out with myself, fellow professional traders and special guests in the industry.

You can get $25 off your ticket using my promo code: HUMBLED.

All proceeds from this event will benefit a local charity. Food and Beverage sponsored by Centerpoint Securities and Traders4ACause. I hope to see you there soon!

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AMTX $5.57

  • Second day run on Friday with a lot of algo squeeze action midday. The stock was unable to hold gains and sold off into close

  • Leaning bearish on this name early next week. Looking for a push to test 6 KL once again.

  • If the stock stays under KL, it can potentially sell off back to 5s and below.

  • Position Disclosure: No Position

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CGC $7.69

  • CB stocks got a lift Friday with German legalization.

  • CGC had a huge volume breakout intraday Friday and uptrended all day.

  • Staying cautious about this name. CB stocks have a history of selling off previous days’ gains after a long-term downtrend.

  • Key level to watch is 6.50s. If the stock pulls back and consolidates at key level, look for a potential bounce play to reclaim the uptrend.

  • Under 6.50, the stock is no longer in play for the long side.

  • Position Disclosure: No Position

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FRGE $3.29

  • Please check the afterhours chart on this name. It closed on Friday at 2.4 and steadily climbed to over 3.20 on catalyst of new product release.

  • Leaning cautious on this as trading bias should depend greatly on how the stock trades premarket Monday.

  • If it gaps up over 3-3.2 KL and holds the gap, we could see it consolidate and head higher.

  • However, if it gaps into extreme resistance around 4 daily level, the set up could favor the short set ups.

  • Position Disclosure: No Position

🗞️ Market movers you might’ve missed:

- Apple Inc. ($AAPL) The Department of Justice accused Apple of being a monopolist in the high-end and U.S. smartphone markets.
- How we traded: Backside Long.

- Alphabet Inc Class C ($GOOG) Apple in talks with Google to build Gemini AI engine in iPhone, Bloomberg says.
- How we traded: Gap Up Reversal Long.

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Email Disclaimer:
The Watchlist Emails are NOT trade alerts to buy or sell. We are not financial advisers. The above information is for educational and entertainment purposes only. Investing of any kind involves risk. While it is possible to minimize risk, your investments are solely your responsibility. It is imperative that you conduct your own research. We are merely sharing our opinion with no guarantee of gains or losses on investments. You accept our Terms and Conditions.