The Coinbase iPO is upon us and the valuation is literally increasing in size overnight as Bitcoin breaks out to new heights. I’m not sure what to make of the $COIN iPO, simply due to the hype surrounding the name. Yes, I want to own it, but at what cost?
As we head into euphoria for bitcoiners around, I took shares of $GRNQ as it landed on our momentum scan. $LGHL also landed on the scan late in the day and popped nicely in after-hours. Keep those two small gems on watch tomorrow.
$TSLA was the standout Tuesday, and may continue to squeeze like a penny stock due to it’s pretty large stake in Bitcoin. Indeed, owning Tesla is owning Bitcoin. $XPEV also looks good from tonight’s scan (note: make sure to click symbol links for hover charts).
I also opened a new swing in $AI, as the stock appears to finally be finding a floor at the $58-59 level. As long as we hold said levels, I will let this oversold darling work. For today’s full momentum scan: CLICK HEREComments »