Dave Barnhart runs through three pre-market trade setups in five minutes: Qubit with dark-pool activity, Alibaba showing heavy volume with multiple price targets, and TIGR breaking out. He gives entry thresholds and target ranges for scalping, day trading, and swing trading.
Chapters
Good morning, traders. It is 5:38 AM on Monday, December 9th. So for the pre-market volume, we've got lots of stuff going on today. Let's look at the first one that I've picked out here, Qubit. It's a lower price stock, but it has 436,000 already. It's trading at $8.47 and it's up 50 cents. So let's go ahead and click on that one. So we can see here that the dark pool has been in here around 60 cents, 70 cents, and $1.20. So we see this massive amount of dark pool interest here, and then it's popped up and it started to move. So we're expecting a larger move on this as well. So we've come up— there was a new print here at 775 on November 25th. We've pulled back to our 8 exponential moving average, and we're breaking above that print. So right Right now we're bullish above $7.15 with a target of $7.50 and $8. Okay, let's go ahead and look at another one here. Uh, BABA, B-A-B-A, half a million pre-market so far. We're already up $6. Let's have a look at that one. So we had this here on Friday, like there's really nothing There at all low volume, and then all of a sudden boom! I guess there's news or something today. So Friday we had prints here at 85, 93, 86, 84, but this was a larger one, 85, 93 on Friday. So now we've taken off. Now the one thing that we have to be concerned about, 91, 87 is a three million print from November twelfth right here. So we need to be bullish above that. So we're going to be bullish above 92. With a target of 95, 97.50, and 100. Now those are wider. Today this stock can move, especially with this sort of momentum pre-market. We might get up there, up to 100. Anyway, ultimately our target here would be this huge print up here of 106. So there might be an opportunity for a swing trade to stay in it if you get in at a decent time. So please know what your trading strategy is. If you're scalping, you'll be on a lower timeframe. And trading maybe minutes or an hour, or day trading, you're in it for the day, or your day trade might turn into a swing. All right, let's not be greedy on that one. So the last one for today is TIGR. We're at 1 million pre-market so far, and so we're up 13%, 91 cents for changing. Let's go ahead and capture that one and see what See what we're looking at. Okay, so TIGR, uh, fintech holding, American depository shares representing 15 class ordinary shares. Okay, look at this we've got here. Great volume today, and we've got some older prints, um, 340,000 at $6.94, 167,000 at $10.28, and then these are the largest ones, over 100,000 in the last year. So we're looking at— so probably around November there. Let's have a look We'll switch this down to 50,000. And so Friday there was 94,000 at 6.25, right? So, so there we have it. So we've got prints that started accumulating, well, way back here, right? At, uh, in October. And we came up, we sold down, we're sitting here sideways for a bit. And look, we've been sideways since October. Then all of a sudden we're breaking out here. So if we close above this print, Above $7, then I think we're good up here, $8.71 all the way up to $12. So, uh, for now bullish above $7.15 with a target of $7.50 all the way up to $8. All right, so there's 3 great trade setups for you. Please don't forget to like and subscribe, leave comments, feedback if you'd like to learn anything, and we'll see you later in the day. All right, happy trading.
