taking a look here at DCI XD CI X ran up over 600% on Friday
what's the possibility this thing's gonna keep running on Monday guy talked
about it in this video so stay tuned if you want to learn more about the stock
market you want to learn more about day trading momentum plays make sure you
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hit that subscribe button looking here at DCI X what's the deal
with DCI X on Friday it ran up over 700 percent six hundred fifty percent right
around that area three dollars up there to nineteen seventy six and you know
obviously people are like what's the reason for this move there's no reason
for this move other than the point of emotion this is nothing more than a
crazy short squeeze just emotions going wild here and you can see really as the
move happened as the day went on as the move got higher it starts to move faster
and faster and faster and you can see from the three dollar area jumps up to
five dollars and it moves across four dollar area and then you get up here and
the five dollars it starts to move a little bit higher let's move a little
bit higher starts to move a little bit higher you know at that point it's
making about a dollar move every 15 minutes and then once we get above that
ten dollar area we go from $10 to $12 and then from $11 to $14 and then you
can see the ranges here get much larger the emotions are picking up the people
are chasing it people are finally seeing the news it takes people a little bit
longer you know people in the beginning of the day are the ones that know
they're doing they're getting in for the actual are trading it and then you have
people who see that after the move and they get the FOMO they get the chip they
come in here and they start chasing so you start getting this move this spread
becomes bigger and bigger because people are trying to take profit higher people
are chasing it people are not caring they're just jumping in there on the ass
buying with market orders yet a lot of people that are just chasing this and
the emotions become real and you can see how this worked out so by the end of the
day there we get up that nineteen seventy six area the volume look is a
volume the volume was very telling I talked about this on stock twists I
talked about how the volume was just cut in half the volume wasn't there the
spread stopped the action was no longer there once that happened look what
happened we can't get above new high of day we were basically breaking over a
new high of day a new high of day a new high of day continuously after about MIT
after about lunchtime it just started going higher
higher and higher but once we couldn't break over the high of day once the
volume shut off once their action was there the action was gone the buying
stopped we get that sell off from the $19.00 area back down there to $10 so DC
IX very clear once the volume stops once the action wasn't there anymore this
thing was done it couldn't break over a high of day people get scared people
take profit people cut their losses people who bought here at $19 are
panicking because they're selling now at $15 and they just lost a bunch of money
so you get all the chasers basically chasing this chasing this chasing is so
a lot of people buying in this area right here look at the volume spike so
the volume filling in there the volume increasing increasing increasing people
chasing this trying to buy this one trying to get that move higher because
they missed out on this earlier move in the morning so now they're chasing it
after lunch they're trying to get in there and they want some of that action
but what happens is you get these big spread all of a sudden the stock drops
two or three dollars goes back up two or three dollars and gets a very volatile
look at this 15-minute candle this is the most volume we had all day there
were two point 1 million shares traded went from 1490 up there to 1969 so that
range that action they are pretty crazy to see but right there that was the
biggest spike in volume of the day and then right after that we only got 1
million shares traded and you could tell by watching level 2 by watching the
action that this thing was slowing down that people were thinking okay I'm
starting to take profit or I'm gonna be done for the week it's the end of the
week there it's Friday I don't want to hold this over the weekend and you can
see how this thing too started pulling back pulling back and then right before
closed it just really started to tank there and everybody wanted to get out
before the party was over I feel bad for the people who chase this at the $19
area and it might have cut their losses at 14 or even 10 to all the area got to
be very careful and be smart when you're playing this so so on Monday DCI X
what's the chance of this thing going higher you can see it's kind of holding
this $10 area DCI X is kind of already being talked about as last year's dr YS
dries which went from like five dollars up to hundred dollars so there is a
possibility this thing could get going on Monday it's really gonna be all about
that FOMO and about the action there's a very small float here there's a lot of
people looking at this a lot of people chasing this if you look at all the
different websites people are all talking about how the DCI
is gonna go to $100 they want to see that dro is similar move at the same
time of year it's a shipping stock there is a possibility that DCI X could go
crazy again on Monday now think about this so like I said that move from the
$3.00 area to $10.00 you know it took a lot but it wasn't as abrupt so from $10
to $20 area it was much more abrupt and much crazier so if we hold this $10 area
I wouldn't be surprised to see this thing start to squeeze back towards that
$20 area rocks in premarket in premarket on Monday will be very telling if the
action is there if the volume is there pre market this thing could easily start
squeezing right away there pre market so keep an eye on this stock pre market and
then watch it open we want to see a big spike in volumes so on Friday we had 2.1
million shares traded there in the first 15 minutes so you'll want to see a
similar move you wanna see a lot of action there I'd open and look for this
move higher there's a good chance this thing can make a run back at $20 quickly
because you can see how over $10 it jumps fast up there $20 you know earlier
in the morning it took a little bit longer but that's because we're doing
those three the $5 moves this you know from $3 to $5 coming back but really
after lunch they're on Friday this thing they started to explode so I'm thinking
on Monday we're gonna have a lot of people that are being chasing this a lot
of people who have the emotions that they missed out on this move on Friday
they're sitting here over the weekend like hey I want to buy this thing on
Monday I'm gonna buy the dip I'm gonna buy whatever I can I'm gonna hold this
thing for a possible move higher and that's what they're all hoping for
we had a 700% move there on Friday so a lot of people's heard about this stock a
lot people looked at it maybe they were scared to buy it there on Friday maybe
on Monday they're gonna be sitting there thinking okay I'm not gonna miss out
like I did on Friday I don't want to miss out on this move so you get a lot
of emotional traders who are gonna be coming in here on Monday I expect some
type of spike here on D cix like I said the emotions are real usually we have
stocks with a lot of volume a lot of action on Friday that I'll usually
trickle over to Monday so everybody over the weekend is just sitting there
thinking okay I want to buy the stock I want to buy the stock so there's a good
chance d CIX could get going crazy there on Monday there's also the chance that
this thing could just start crashing so you want to be careful you do not want
to jump in on this if the volume isn't there if the price action isn't there if
stock is going to go higher it's gonna get crazy it's gonna be very jumpy it's
gonna jump up fast and start going crazy so if you're watching this talk of
you're thinking about playing it look for an opportunity to get in and out
fast don't just buy the first pop look for that little bit of a pullback look
for the buyers stepping in there look at level two look at the overall volume we
want to see a lot of volume a lot of action to confirm this wants to go
higher I don't have any shares just short I would love to short this thing
if it gets going crazy again you can see that move from $20 back down there to
$10 it was an easy short there see the shorts we're thinking this was an easy
short all day long they're on Friday but it just kept going higher and higher so
gotta be careful and play this one with tight stops take profit when you got it
but I'm putting money on the idea that DC IX will do some kind of upward
movement there at open on Monday so I'll be looking to play this one tune in 9:00
a.m. we'll be talking about this one pre market what's going on with DCI X until
then we won't really know what is gonna happen for sure and even then nothing is
a hundred percent but I have a good feeling that DCI X is gonna want to make
another move higher there on Monday it could be very fast it could be very just
write up and then start crashing down but there is a good good chance that
we're gonna get some kind of pop here and be looking for that move on DCI X on
Monday I'll see you guys 9 a.m. tune in right here hit that subscribe
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