Interesting way to end the week…
Bitcoin (BTC) held through the night over $40,000. It could be an interesting day for crypto stocks...
There were also some very pro-electric vehicle (EV) headlines yesterday afternoon.
I’ve said it before — the 2020 EV run was the hottest and longest-lasting sector I’ve seen in my 15 years of trading. The sector has slowed down, but I don’t think it’s over.
Could the recent news be the start of the next wave? Only time will tell...
Here’s what I’m watching today…
One of my top watches is Bit Digital Inc. (NASDAQ: BTBT). I thought it had a decent chance to run after hours yesterday, but it stayed choppy.
As of the premarket, there was some nice basing action right near VWAP. I’d love to see a weak open red-to-green or a VWAP hold in the afternoon…
A follower asked about Athersys Inc. (NASDAQ: ATHX) over $1.80. They just dropped a press release, and there have been some runs in the past. But given the fairly high float and relatively small scale of its past runs, I think there are better picks out there.
How about Plug Power Inc. (NASDAQ: PLUG)? As of the premarket, it was pulling back to VWAP. It has a lot of overhead resistance.
But given the recent press that EVs have been getting, I think all EV plays have multi-month breakout potential. I think PLUG could be a breakout over $29...
I’d never heard of EV play Microvast Holdings (NASDAQ: MVST) before someone brought it up this morning. I looked up the company on Google Street View — don’t miss my rant about their headquarters!
As a potential trade, I’m not super impressed. It’s got potential as a high float dip and rip, but it’s really not my top pick.
Kaixin Auto Holdings (NASDAQ: KXIN) is another fairly high float EV play. It’s a sketchy company, but I think it’s a better dip and rip contender than MVST...
I love it when stocks hang around all week. Beyondspring Inc. (NASDAQ: BYSI) was spiking in the premarket — but I couldn’t tell why. Maybe a chat pump?
Given its excellent week of spiking and the fact that it’s held up all week, I think it has the potential to run today...
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By Stock Chat

where the coffee is hot and so is the chat

10 thoughts on “Pre market prep- stock market 8/6/21”
  1. Avataaar/Circle Created with python_avatars Peter Melvin says:

    BYSI – Great call – I am always confused on these day 3, 4 or 5 moves… Keep it coming Tim! You have helped my education and trading!

  2. Avataaar/Circle Created with python_avatars Contact Bernard Via Telegram Bernardtrd4 says:

    Great video ✅ From a technical point of view, the major challenges investors face may range from controlling impulsiveness to the frail of compulsion. Most newbies and most investors often undermine & often neglect the Importance of technical Analysis with regard to trading. Technical analysis overly predicts the movement of asset prices Regardless of what is happening in the broad of market. Essentially, the process involves studying the paths of a particular asset movement in the past so as to establish a sustainable pattern that can be used to predict the future movement of the asset and in doing this, it takes alots of time to do this, which is why i find an expert opinion in trading has always being a guide for me and i have enjoyed the signal service from a few with some losses until i started copying trades alerts from Bryson Davis to mine for the past 6 weeks and i have seen difference in my portfolio. He is an expect trader with 89% trades accuracy. Bryson can be contacted via …… ͲeӀegram (@Bryson_signals ) Or what 🅰️🅿️🅿️ +.;-44’78. ;;.-6’8750;399) on how to trade profitabl

  3. Avataaar/Circle Created with python_avatars Manjeet Singh says:

    JJ is lying about his background. he was probably a janitor for a big firm. i tweeted him too. his actions doesn't match with his words. shame on stockstotrade for pulling off a cheap ass stunt.

  4. Avataaar/Circle Created with python_avatars Irwin Larrison says:

    Volume was really low on entire audio

  5. Avataaar/Circle Created with python_avatars Bernabe NC Garcia says:

    I hate how low you set the studio levels for the replays. Please keep the studio levels higher. If the level is too high for some listeners they can always LOWER the volume. For those of us with bad hearing we cannot RAISE the volume enough!

    Please! Be ADA friendly!!!!

  6. Avataaar/Circle Created with python_avatars Dangitboy says:

    Thanks for the Friyay NOFOMO BRO 😜

  7. Avataaar/Circle Created with python_avatars Paradigm$hifter says:

    Not the bros I'm trying to be consistently profitable

  8. Avataaar/Circle Created with python_avatars Jose R. says:

    this one was a littl e lower volume

  9. Avataaar/Circle Created with python_avatars Bill Sheets says:

    $spce how are they doing?

  10. Avataaar/Circle Created with python_avatars MickT Day Trading says:

    Thank you Tim

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