This Reddit short squeeze is taking off

January 25, 2023

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Good day, 360 –

Here are our top 3 trade ideas today – these setups look primed! Be the best prepared trader on the Street!

COSM - Announces buyback, trades 40% higher

GMBL - Continues higher after being a top Reddit short squeeze mention yesterday

GOEV - 14% higher after announcing definitive partnership with GCC Alayan as exclusive distributor if its electric vehicles in Saudi Arabia

A message from Siyata Mobile (SYTA)*

I am really liking what I see with SYTA so far. Yesterday, the stock continued to hold at a solid level around $.18.

I was on CNBC today and I saw these stats over the last few months on the stock:

Pretty impressive move in each of these timeframes, don’t you think?

When I see these stats, I wonder what the next 1-3 months will be like for this small tech stock?

Remember, SYTA is a tiny, NASDAQ-listed tech company trading for less than $.20 right now, and…

Q3 results showed revenue growth of 111% year over year – in one of the toughest market conditions ever.

Also, a Senior Equity Research Analyst at Zacks Small-Cap Research with over 25 years of securities industry experience assigned a $2.50 valuation on the company (November 14th, 2022)

A $.20 stock with a $2.50 rating could make SYTA one of the most undervalued stocks out there.

I also got a notice today from MarketBeat with a really encouraging target on the stock:

The market is really starting to take notice. Make sure SYTA is on your trading radar this week.

Click here to learn more about the whole story and get started on your own due diligence.

 

*This is an issuer paid ad, please see disclosures below.

COSM - Announces buyback, trades 40% higher

Cosmos Health (COSM) announced a stock buyback program of up to $3M of its common stock yesterday. The stock rocketed 🚀 on the news in mid-afternoon yesterday trading over 40% higher in minutes before closing the day up 26%.

COSM is a runner from December where the stock was up over 500% in one day before a capital raising took the wind out of its sales.

The $5.90-$6 area was support in the pre-market and should be an important pivot point today.

Above it $6.50 is the first target and potential resistance with yesterday’s high of $6.88 being the next test. Beyond that the next major resistance area is around $9-$9-20.

Below $5.90/$5.80 the next target to the downside is $5.50, with $5, $4.50 and then $4 the next levels below that.

GMBL - Continues higher after being a top Reddit short squeeze mention yesterday

Esports Entertainment Group exploded and closed over 88% higher yesterday. There was NO news or press release behind the move, however it was one of Reddit’s top short squeeze mentions yesterday. The stock is down over 98% from levels it reached in 2021 which is what gives this so much bounce potential.

GMBL traded record volume yesterday of over 300 million shares providing plenty of liquidity for day traders.

$0.17 was a major resistance level yesterday and becomes potential support today.

Above it targets to the upside are $0.20 and then the after-hours high of $0.24. Above that there is a big gap to fill to $0.325 that bulls will be aiming for.

Below $0.15, there is potential support at $0.14 and $0.12, with $0.10 a psychological level below that.

GOEV - 14% higher after announcing definitive partnership with GCC Alayan as exclusive distributor of its electric vehicles in Saudi Arabia

Canoo (GOEV) is higher this morning after announcing its definitive partnership with a Saudi Arabian distributor. The stock has been consolidating near all-time lows between $1-$1.50 for over 3 months. This deal could be a catalyst for a short-term move higher. The SPAC was priced at $10 back in 2021.

$1.43 was support in the pre-market and is likely to be an important pivot point this morning.

Above it targets to the upside are $1.50, and then the pre-market high of $1.64. A hold above that puts prior support at $1.80 and then $2+ into play.

Below $1.43, there is potential support at $1.35 and then there is a gap to fill at $1.27.

Economic Calendar (EST)

7:00 am MBA Mortgage Applications

10:30 am EIA Petroleum Report

No Fed Speakers, currently in silent period.

Earnings for Today (After Market)

ALRS, AMP, AXS, AXTA, AZPN, BFST, BOOT, BRKL, BWB, CACI, CALX, CASH, CATY, CCI, CLS, CMPR, CNS, CSX, CUBI, CVBF, CVLG, EQBK, ETD, FINW, FLEX, FRBA, HBNC, HXL, IBM, INBK, LBRT, LC, LEVI, LOB, LRCX, LVS, NG, NOW, NVEC, OBNK, PKG, PLXS, RJF, RLI, SEIC, SLG, STLD, STX, TER, TSLA, URI, UVSP, WASH, WOLF, XM

Top Headlines

RKLB Rocket Lab Successfully Launches First Electron Mission from U.S. Soil. HawkEye 360 Successfully Launches Cluster 6 Satellites Aboard Inaugural Rocket Lab Electron Flight from Virginia

TSLA Joe Manchin to Introduce Bill to Delay EV Tax Credits – WSJ

BKNG price target raised to $2,550 from $2,430 at Barclays

GROM Grom Social Enterprises, Inc. Announces Pricing of $3.0 Million Private Placement Priced At-the-Market Per Nasdaq Rules

MSFT price target raised to $282 from $280 at Citi

MSFT price target lowered to $265 from $275 at JPMorgan

MSFT price target lowered to $270 from $280 at Raymond James

MSFT shares are under pressure after reporting the slowest sales growth since 2017. Cnbc

GOEV Canoo Announces Definitive Partnership Agreement with GCC Olayan as Exclusive Distributor of its Electric Vehicles in Saudi Arabia

GRFX Graphex Technologies Announces LOI with Gratomic to Produce Natural Graphite Anode Material from Mine-to-Batteries

GOOG Alphabet inc: Google believes U.S. department of justice antitrust complaint is "without merit" and will defend itself vigorously

XHB GS Economists at Goldman Sachs forecast that the U.S. is past the peak the worst of the drag from the housing downturn But still sees negative wealth effects will lead housing, on net, to subtract from U.S. economic output for the next two years

ELV raises share repurchase program by $5B

TSLA Tesla Poised For Record Quarterly Earnings Amid Wall Street Unease – WSJ

TSLA Tesla stock price target cut to $120 from $125 at J.P. Morgan

MRK: Merck’s KEYTRUDA® (pembrolizumab) Plus Chemotherapy Significantly Improved Overall Survival Versus Chemotherapy in First-Line Advanced or Unresectable Biliary Tract Cancer in KEYNOTE-966 Trial

UEC Uranium Energy Corp Receives $17.85 Million from the U.S. Department of Energy for Supplying 300,000 lbs. U3O8 at $59.50/lb. to the Strategic Uranium Reserve Program

TNGX Tango Therapeutics Announces FDA Clearance of Investigational New Drug Application for TNG462; Provides Additional Business Updates

CDTX Cidara Therapeutics and Melinta Therapeutics Announce FDA Advisory Committee Recommends Approval of Rezafungin for the Treatment of Candidemia and Invasive Candidiasis

ATCX Atlas Awarded Three-Year, $21 Million Contract Extension at the Naval Nuclear Laboratory

LCID price target lowered to $5 from $10 at Morgan Stanley

WSJ Investors have added about $135 billion to global money-market funds over the past four weeks, the best stretch since 2020

HYLN Hyliion global transportation leader DSV places hypertruck ERX™ order for 10 Hypertruck ERX units to be deployed in its North American road freight business

FENC Fennec Pharmaceuticals Announces Updated NCCN Clinical Practice Guidelines Recommend PEDMARK® (sodium thiosulfate injection) to Reduce the Risk of Cisplatin-Induced Hearing Loss in Pediatric Patients

Company Specific Meetings for Today:

Top Shareholder Meetings: NVVE, SCHN

Top Analyst/Investor/Calls: CAPR, KMI, PLUG

Top Conferences

European Space Conference

Maxim Healthcare IT Investor Conference

TD Securities Mining Conference

360 Wall Street Calendar

To Your Success!

 

 

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*ISSUER-PAID ADVERTISEMENT. RagingBull has been paid ten thousand dollars cash by Lifewater Media for advertising Siyata Mobile. As a result of this advertisement and other marketing efforts, Raging Bull may receive advertising revenue from new advertisers and collect email addresses from readers that it may be able to monetize. As of the date of this advertisement, owners of Raging Bull, do not hold a position in Siyata Mobile. This advertisement and other marketing efforts may increase investor and market awareness, which may result in an increased number of shareholders owning and trading the securities of SYTA, increased trading volume, and possibly an increased share price of the SYTA securities, which may or may not be temporary and decrease once the marketing arrangement has ended.

FOR EDUCATIONAL AND INFORMATION PURPOSES ONLY; NOT INVESTMENT ADVICE. This advertisement is for educational and informational purposes only. All material information contained in this advertisement is based on information generally available to the public, which public information is believed to be reliable and accurate. Nevertheless, neither Sherwood nor Raging Bull can guarantee the accuracy or completeness of the information. This advertisement does not purport to be a complete analysis of any company’s financial position. This advertisement or any statements made in it is not, and should not be construed to be, personalized investment advice directed to or appropriate for any particular individual. The statements made in this advertisement should NOT be relied upon for purposes of investing in the companies mentioned in this advertisement, nor should they be construed as a personalized recommendation to you to buy, sell, or hold any position in any security mentioned in this advertisement or in any other security or strategy. It is strongly recommended that you consult a licensed or registered professional before making any investment decision.

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