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The Meme Stock of Energy Plays
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Good morning all,
I’m sure you’ve heard of “meme” stocks such as GME, AMC and the likes which are known for their massive volatility at times and strong volume.
Well, if you’ve been following energy trades which I’ve been following closely at my Atomic Trades service which you can attend today at 3pm to 4pm via this link, then you know I have ONE favorite energy “meme” stock.
That stock is HUSA and where are a few reasons why I love this trade.
For the record, I am long the stock on HUSA looking for a possible run to high $20s or low $30s here on a short term swing trade.
Here’s what’s fueling the surge in HUSA stock right now:
Geopolitical tensions boosting oil prices
Rising tensions in the Middle East have shaken global oil markets—when oil supply is threatened, energy and exploration stocks like Houston American spike. HUSA has rallied over 125% in recent days during these moves .Explosive short-term momentum
HUSA has soared about 119% over a four-day stretch—the highest level since September 2011 . This massive jump drew attention and sparked a rush of speculative buying.Possible short squeeze
Short interest was unusually high—around 28% of the float. When a heavily shorted stock starts climbing, traders rushing to cover can further fuel gains
Here is a chart showing the huge run on HUSA and the potential on the chart to the next chart high of low $30s.
Don’t forget, join me LIVE at 3pm TODAY for my end of the day “Power Hour” penny stock trading for more ideas like HUSA and all my stock updates.
Cheers
Don’t forget, if you’re struggling with trade ideas, then joining me at 3pm today is essential!
See you there
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