Breaking News For Quick Profits – $VLCN

At any time when I learn I headline I ask myself a couple of questions:

• Is that this information really new or a repeat of a earlier headline?

• • • Promoters like to rehash headlines to artificially pump up share costs. Look out for headlines that reestablish identified details like prior filings with the SEC.

• Does the knowledge materially change the outlook for the corporate?

• • • There’s a giant distinction between a pharmaceutical firm that receives FDA authorization to promote its medicine and a CEO talking at a convention. The previous is assured to impression the corporate’s earnings whereas the latter is fairly ineffective.

• • • Apart from pharmaceutical shares, widespread sectors and well timed tales are likely to obtain extra consideration and patrons. A terrific instance is Evofem Biosciences Inc. (NASDAQ: EVFM) which popped the next week after the Supreme Court docket overturned Roe v. Wade.

• When did the information come out?

• • I’m normally suspect of reports that comes out at 8:30 a.m. ESastern. I see a whole lot of firms drop bulletins at the moment, typically buried amongst the opposite information releases. That doesn’t imply I ignore it fully, however I’m additional cautious.

You could have a distinct course of to evaluation headlines.

Splitting my work up between the premarket and common periods helps me work by the day at a gentle tempo with out feeling rushed.

I observe and tick off all of the headlines and shares shifting within the premarket.

Then, I separate out any new headlines that come by after the open.

Our Breaking Information Group does a fantastic job of highlighting the tales and offering hyperlinks to the knowledge sources in case I need to evaluation them additional.

Click on right here to begin your trial

Volcon Inc. (NASDAQ: VLCN)

Our information alert got here out about quarter-hour earlier than the official press launch, giving me a leap on the story.

The SEC submitting detailed the corporate’s pre-orders at a whopping $70 million, an enormous quantity for such a small electrical car firm.

Proper now, we’re seeing a shakeout on this sector. Those that don’t have orders to construct for doubtless gained’t survive. So pre-orders of this magnitude are a giant deal.

Now, let’s take a look at the chart.

On the one-minute chart, the primary huge inexperienced candle occurred proper because the SEC submitting landed, therefore the pickup in quantity.

After that first spike, I waited till shares steadied for a couple of minutes.

As soon as I noticed quantity improve and value begin heading for the excessive of the day, I purchased in at a value of $1.85.

From there, I rode the inventory as much as a value resistance degree I recognized at $2.00.

So, when shares popped by that spot on heavy quantity, I took the chance to promote into that energy and lock in my earnings at $2.02.

That prior resistance got here from a take a look at the each day chart the place you possibly can see the inventory selloff from slightly below $2.00 ($1.95 to be actual) a few weeks in the past.

However there was additionally one more reason I took earnings there.

On the time, the broader market was promoting off and feeling a bit heavy.

I figured that promoting stress may spill over, so I went forward and locked in earnings.

Now, I may’ve taken many of the commerce off and left a trailer to strive for extra with a cease at breakeven.

That’s as much as every particular person dealer.

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