10 Premium Trade of The Week Updates🏄
GP’s latest exclusive moves with chart annotations and analyses.🐼
Hey, MFG!🤘
YES! YES! YES! 👏👏👏
I hope you and your family are doing well and consistently working on your financial wealth.
Come Friday, you should have more shares than you did on Monday and your dividend income should have increased.
I can’t stress enough the importance of consistency in your pursuit of building wealth and achieving financial freedom.
Let’s dig into these premium trade updates.🤘
Let me know in the comments if you like these updates. I appreciate you.🙌
Always remember, whatever you think about comes about, whatever you focus on grows. - G 🐼
10 Premium Trade of The Week Updates🏄
1. GraniteShares 2x Long COIN Daily ETF (CONL)
GraniteShares 2x Long COIN Daily ETF CONL 0.00%↑ is a 2x leveraged play on Coinbase Global Inc. COIN 0.00%↑ . CONL was a previous Trade of The Week from April last year. Today, COIN reported better than expected fourth quarter earnings and had its biggest quarterly revenue in three years.
Price surged over 17% and entered a stage 2 breakout. If price can break through its near resistance around $52, I would consider a full-on stage 2 breakout is underway. The first target is previous high around $70-72 or an extreme-high RSI reading (RSI>70).
According to analyst Michael from Morningstar, COIN has a fair value of $155 and is currently trading overvalued.
2. Ferrari NV (RACE)
Ferrari NV RACE 1.30%↑ is now trading at an extreme-high RSI reading and price blew through its second target of $485. It’s time to lock in more gains. This is the second time we take profits in RACE. I’m trimming half of my position and leaving the rest to run.
According to analyst Rella from Morningstar, RACE has a fair value of $386 and is currently trading overvalued. Congratulations to those of you in the RACE trade with me!!🙌🤘🥳
3. Starbucks Corp. (SBUX)
Starbucks Corp. SBUX -0.17%↓ set a new 52-week high and is still trading at an extreme-high RSI reading!! This trade has been “the gift that keeps on giving.” This is another trade where we’ve taken gains twice recently. I trimmed more shares to roll profits forward.
This is a textbook, picture-perfect Money Flow swing trade— one extreme RSI to another. According to analyst Sean from Morningstar, SBUX has a fair value of $100 and is currently trading overvalued. Congratulations to those of you in the SBUX trade with me!!🙌🤘🥳