Look at where RIOT trades. After a powerful climb off its April lows, it closed at $28.69, pressed right up against its highs near $29.55. That is not a stock limping along. That is a stock the buyers have taken charge of, and they are doing it on the heaviest volume the chart has seen in months. Now look at the moving averages, because this is the part that gets me to write a name up. The 8-day average is on top, the 21-day right under it, the 34-day under that, every one of them rising, with price living above the whole stack. And it lines up that same way on the daily and the weekly chart at once. That ordering matters more than it looks. When the averages stack like that on two timeframes, the trader who bought last week, the one who bought last month, and the one who bought back in the spring are all green at the same time. There is no crowd of trapped buyers overhead waiting to dump shares the moment it ticks up. The path is clear. Then there is the squeeze, and on RIOT it is on right now. A squeeze is what happens when a stock that has been moving hard suddenly goes quiet. The daily range pinches in, the swings shrink, and the energy does not disappear, it just gets stored up with nowhere to go yet. The chart even flags it outright, a row of red dots reading squeeze on, while the momentum behind it builds to the upside. And this one is coiling up near the highs, which is the strongest place for it to happen, not down in the gutter after a beating. The timing is the last piece. Riot reports earnings on July 29. So you have a stock the market still misjudges, already trending hard, stacked on two timeframes, and winding up tight, walking straight into the one event that tends to set these coils loose. I will be straight with you about the other side. This is still a high-beta name, it still has a money-losing mining business attached to it, and earnings can knock a coiled stock down as fast as they launch it. Nothing here is a sure thing. But a stock the crowd has mislabeled, trending on two timeframes, with a loaded squeeze and a catalyst on the calendar, is exactly the kind of chart I go hunting for. Your Action Plan I would not be surprised to see RIOT make a real move as its July earnings approach, and I will be stalking it for a swing if it confirms. That is the patient side of how I trade. The other side moves a lot faster. My Fast Cash system is built for quick, defined strikes, in and out in minutes rather than weeks, with the risk boxed in tight, and never once by betting on a stock that is falling. The results have been the kind that make people do a double-take, and I have another Fast Cash trade lined up to go before Monday. If that faster pace is more your style, come see how I run Fast Cash here. |
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