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Best Trades This Week: Stox Users Crushed These 2 Stocks

Busy week for you? Read our weekly Best Stocks Recap and catch up in 2 minutes!

QUICK SUMMARY

Last week, we analyzed $SMCI (Super Micro Computer) swing trading setup when the stock was trading at $30. $SMCI rallied to $39 this week - a big win for swing traders who caught the reversal setup.

Using Stox.io’s Midday Movers Scan, it is possible to find more beginner-friendly Swing Trading opportunities before the stocks take off. 

We have a shorter week in the market this time. However, here’s your 2-minute reading to stay informed of the profitable plays of the week if you have been busy!

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$MSTR

πŸ“‰ $MSTR - Biggest Trade of The Week

What you should know about $MSTR?

- The largest Bitcoin Whale Company MicroStrategy stock has had crazier growth than Bitcoin

- When Bitcoin failed to break through the $100,000 and pulled back to $90,000, $MSTR gapped down and pulled back over 30% at one point this week.

- The sell-off on Tuesday presented an A+ setup for large-cap traders, a textbook gap down short play as the stock failed to reclaim previous day’s close

Type: Large-cap

What type of traders are involved?

- Dip buy long traders πŸ‚

- Gap down rejection short-sellers 🐻 

πŸ’‘Stox Tips

- Use the built-in Gap Down Scan on https://stox.io to find simple profitable large-cap stock trades like $MSTR this week

- Short-selling large-cap stocks is a low-cost and beginner-friendly strategy compared to short-selling penny stocks.

$VCIG

 πŸ“ˆ $VCIG - Best Small-Cap Trade of The Week

What you should know about $VCIG?

- VCI Global stock rallied from $1.90 to $7.70

- Massive float rotation with 3.5M float and 250M midday trading volume, a classic short squeeze recipe

- Textbook technical short-trap consolidation long, presenting long-biased traders a very profitable and tradeable morning upside move

Type: Small-Cap

What type of traders are involved?

- Short-Trap Breakout Traders πŸ‚

- Gap up short-sellers 🐻 

πŸ’‘Stox Tips

- Check the updated real-time stock data points such as float, $volume, RVOL, and short interest on https://stox.io 

- Use the built-in Premarket Small Cap scan to prepare for profitable small-cap trades before the big move happens

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See you next week with more exciting stocks!

Team Stox