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Just when you thought Takung Art Co., Ltd. (NYSEAMERICAN: TKAT) couldn’t spike more…
Yesterday, TKAT ripped from the high $20s to nearly $50 during trading hours … During today’s premarket session, it was close to $60.
NFT (non-fungible token) mania has officially taken hold. But will it last?
Here’s what’s going on today…
Takung Art Co., Ltd. (NYSEAMERICAN: TKAT) had a pretty insane move yesterday. But even if you missed it, there are lessons that every trader can take from this ticker.
This heavily shorted, hot-sector play with float rotation held up all of last week. In today’s session, I explain why these make for watch-worthy conditions going into Friday afternoon and Monday morning … Learn from this experience and watch for similar setups!
I’ll continue watching TKAT today, as well as sympathy play Liquid Media Group Ltd (NASDAQ: YVR)...
Plus Therapeutics Inc (NASDAQ: PSTV) is a sketchy, low-float biotech. It has decent volume, but it’s not a hot sector, and it has a history of one-and-done spikes. Technically you could say it’s a dip and rip contender, but I don’t have a ton of faith in it…
Well, yesterday’s top watch — Support.com, Inc. (NASDAQ: SPRT) — failed to dip and rip. But that doesn’t mean it’s all over. I think it has day-two potential. Find what I’ll still watch it for.
Here’s another sketchy biotech: Benitec Biopharma Inc (NASDAQ: BNTC) has a lot of resistance, a choppy chart, and it’s a high float stock. Then again, Morgan Stanley has a stake in it. Does that change things? Maybe, maybe not. For me, the chart says one thing.
Hoth Therapeutics Inc. (NASDAQ: HOTH) had some early morning PR that created some big premarket moves. During the session, 12 million shares had traded in a matter of minutes. I like this multi-month breakout a lot better than PSTV or BNTC...
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