REGI has been the most commented on stock this week with many OVI Traders happily reporting they were on board following my references to it in the last two weeks.
The interesting thing about REGI is that the news surrounding the company prior to its breakout would have completely put you off it!
Analysts were more bearish than bullish on it, and generally the mood was more negative on it, even referring to spiking implied volatility which is typically associated with uncertainty.
However in our world, we could see several reasons for bullish optimism:
- A persistent positive OVI
- A recent mini-gap up
- A consolidation
- A recent break of the 200-dma
And with my trading plan we prevailed with a 30+% classic bullish breakout.
What was the catalyst for the move?
A federal budget decision that would benefit the company to the tune of hundreds of millions.
Now, in the midst of all the negativity – and some analysts being on the wrong side – someone(s) somewhere must have known something, and they were betting on it big time as the OVI showed.
The beauty of this setup is that it’s so easy to identify – literally seconds – especially with my new software which finds these plays in a couple of clicks.
It’s all in this week’s Review right here!
And remember, all the new applications you’ll be seeing me use in the video are being upgraded further in the coming weeks, PLUS this technology will very soon also be all my OptionEasy applications, making options accessible to everyone!