February 5, 2023

Stocks with high growth potential. Idea #1

Here there will be analyzes of exactly those companies in the market that have the best risk-reward ratio, with high growth potential (up to 100%) and a short stop (up to 5%). I recommend subscribing to the channel immediately so as not to miss new profitable ideas!

Coinabase $coin — Cryptocurrency exchange, mainearnings from commissions of customer turnover. In the 3rd quarter of 2022, it received losses, revenue decreased compared to the 3rd quarter of 2021 from $1.31 billion to $590.3 million as demand for cryptocurrency fell.
Stocks with high growth potential. Idea #1

Fundamentally weak + insider selling +collapse of the FTX exchange. But here we can look at the situation from a different angle. FTX clients will simply move to other venues (Binance and Coinbase will benefit from this).

Technically, the picture is more interesting! Hit the June 2022 lows, forming a double bottom, volumes rose, rested against strong support.

How to trade a pattern?
Buy on support around $40, place a stop at $39.9, sell at $60 and $80 resistances.
Stocks with high growth potential. Idea #1

As a result, we have a close stop and high potential profit.

Stop is required, because the departure of quotes below the level cancels the idea and intensifies the fall of shares, there is no more support below!


Overtook the MICEX market by 10 times. I share my thoughts and ideas on my channel. Subscribe.

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