Enjoy the video! Below I’ve included a short summary of the transcript for my subscribers that would prefer to read instead of watch. For the best experience and chart analysis I would recommend watching!
THE WATCHLIST RUNDOWN: SEVEN NAMES IN PLAY, FOUR MORE LOADING
The falling knife found a floor. Nine dollars broke, and the five-dollar bottom I was watching for never came. Buyers stepped in near $6.50 instead and built a shelf between $6 and $7. The stock holds a 4% gain on a red market day. Accumulation under $10 stays the play.
Higher highs, higher lows, and a consistent high timeframe trendline trendline the stock hasn’t broken once. Value matters more here than momentum. Cash-secured puts around $15 work, but the real zone sits between $12 and $14. A government contract lands at some point, and when it does, $35 comes back into view. Until then, patience wins.
Up about 240% year to date, from $9 to $24, then it dropped hard. Support broke at $15 and held at $9.50 on heavy buying. This is the highest-conviction setup in the group, a run back toward $20. Cash-secured puts here make sense even if $8 prints first. The gap between $8 and $9.50 is small.
