I am fortunate to announce that you’ll have to go ALL THE WAY BACK to March 7th to find my last Bullseye Pick that did not work out well.
Before I show you how I found this week’s big mover and reveal the list of tickers I am considering ahead of Monday’s Pick, can anyone name the movie I’ve referenced in the title of this article? Go ahead and throw it in the Comment box below, if you can.
So what was this week’s trade and what am I looking at for Monday’s upcoming trade?
Well, this week we saw shares of my Bullseye Pick, AVAV, surge 7.0% right out of the gate on Monday.
Better yet, was Monday’s 120% rise in the 20 May 22 $85 call options I presented as my trading plan, a screen grab of which is shown here:
Here’s the options chart, where you can see the 120% rise in just the FIRST HOUR of trading on Monday.
AVAV blew through my initial target at $88 dollars this week, and continued to climb toward my most aggressive target of $95 as the week progressed.
So what did I see that made me want to bring this idea to my members?
First and foremost, evidence that sentiment was shifting from bears to bulls, and that evidence is all spelled out on this daily chart of AVAV.
You see, when a big “doji” candle such as the one highlighted on the chart develops near MAJOR support after evidence that downside momentum has become exhausted, that’s the kind of setup I am CONSTANTLY screening for as a candidate to bring to members each and every Monday morning.
With Monday’s next Bullseye Pick now less than 24 hours away, you’ll need to have access to this room to find out which stock I choose from this watchlist.