TOP 10 CHEAP STOCK RIGHT NOW | JUNE 2021

TL;DR

In this stock analysis video, Ricky discusses several popular stocks including AMC, Virgin Galactic, Exxon Mobil, Tilray, Palantir, FuboTV, American Airlines, Newmont Corporation, Bank of America, Churchill Capital IV, Coinbase, and Fisker.

Transcript

hey what's going on team it's ricky with tackle solutions uh so for today's today's sunday stock talk uh i couldn't go live because the wi-fi connection at my hotel isn't the best uh but i went ahead and i asked the learn plan profit group to share at least 10 different stocks that they would like me to break down so again my goal throughout this v... Read More

Key Insights

• 👥 The Learn Plan Profit group suggests various stocks for analysis, including AMC, SPCE, and XOM.
• 🎚️ Analyzing the direction, support, and resistance levels helps make informed investment decisions.
• ✋ Focusing on bullish stocks with higher highs and higher lows can increase trading success.
• 😥 Setting effective alerts and following up with stocks at favorable price points is essential.
• 🧘 Risk management and proper allocation of position size are crucial for successful trading.
• ✋ Buying at lows and selling at highs is preferable to buying at highs and hoping for a further increase.
• 🤑 Consistent stocks like Bank of America offer stability but may provide smaller returns compared to volatile ones.
• 📈 Coinbase and Fisker have experienced bearish trends, so caution is advised when considering investment.
• 🔬 Investing in stocks with favorable direction and potential for recovery is advantageous.

Questions & Answers

Q: Is AMC expected to have a second rally?

AMC is currently holding above the EMA line, but if it makes lower highs and drops back down, it could indicate a wrong direction. Make sure to monitor its movement closely.

Q: Does it make sense to buy SPCE now?

SPCE has recovered and is holding above the EMA line. However, be cautious as it may potentially pull back and test the support level at the SMA line. Set alerts for confirmation of an uptrend or a break below the EMA line.

Q: What is the overall direction of TLRY?

TLRY has been more bearish than bullish. Instead of buying now, it may be better to set alerts for confirmation of an uptrend or a potential pullback towards the SMA line or 180-day lows.

Q: Is it a good time to invest in PLTR?

PLTR is in an uptrend and forming a bull flag pattern. Setting alerts for the break above the resistance level or a break below support can help determine whether to invest or wait for a better entry point.

Summary & Key Takeaways

• Ricky couldn't go live due to poor hotel Wi-Fi, so he asked his Learn Plan Profit group to suggest 10 stocks for analysis.

• Stocks discussed include AMC, Virgin Galactic, Exxon Mobil, Tilray, Palantir, FuboTV, American Airlines, Newmont Corporation, Bank of America, Churchill Capital IV, Coinbase, and Fisker.

• Ricky advises viewers to cherry-pick stocks based on their own analysis, set effective alerts, and have a plan for managing and mitigating risk.