Best Stocks This Week - $BABA $DUO $NVDA 📊

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Hey traders!

In this email, we are sharing 3 top stocks-in-play of the week. You can catch up on the fundamental and technical analyses behind these plays. If you are new to trading, see our insights and tips on what type of trading styles worked for these stocks.

At the end of this email, you will also get 2 FREE Scans powered by Stox.io. 😉

A friendly reminder…

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^$DUO

📈 $DUO

What happened?

- Penny stock on a multi-day breakout

- From $0.60 to $4.60 in 5 days

Type: Small-cap / Penny stock

Any news?

Fangdd Network Group Soars as Chinese Stocks Surge on Stimulus Measures.

What type of traders are involved?

- Penny Stock Breakout Traders 🐂

- First Red Day Short-Sellers 🐻

💡Stox Tips

- For small-cap stocks, check the daily updated Float, Institution Ownership, and Short Interest on https://stox.io

- Observe the market sentiment during premarket

- Determine if this stock will regain its bullish momentum, or sell off back to the lows of previous days.

Key interest level: Previous day closing price

^$BABA

📈 $BABA

What happened?

- Massive gap-up following China’s stimulus package announcement

- Formed support above $100 psychological price level and rallied to $115

Type: Large-cap

Any news?

China announced stimulus packages to boost economic growth.

What type of traders are involved?

- Event-driven swing traders 🐂

- Opening range breakout long traders 🐂

- Overextended shortsellers 🐻 

💡Stox Tips

- Check the Live Newsfeed, Relative Volume (RVOL), and Gap % on https://stox.io 

- Mark the key levels on the daily chart

- Assess the risk-reward-ratio if you're planning an entry

Key interest level: $115 ➡️ $120

^$NVDA

📈 $NVDA

What happened?

- Reversal formed on larger timeframes

- Breaking out the backside price action on the daily chart

Type: Large-cap

Any news?

NVIDIA has invested in ChatGPT’s maker OpenAI.

What type of traders are involved?

- Event-driven swing traders 🐂

- Intraday reversal long traders 🐂

- Short-selling scalpers 🐻 

💡Stox Tips

- Use the Premarket Large Cap Gapper Scan on https://stox.io 

- Keep up with the latest market sentiment and fundamental news with Stox Live Newsfeed

Key interest level: $121 ➡️ $130 ➡️ $136

^{FREE SCANS}

🚀Midday Runners Scan by Stox.io

Take a look at the most watched stocks on our scanner results today.

Mid-Day Large Cap Stock Movers / Potential Swing Trade Scan

Mid-Day Small Cap Movers Scan

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See you next week!

Team Stox