Editor’s Note: Today’s article comes from our longtime friend Bryan Bottarelli, Head Trade Tactician of Monument Traders Alliance. With the new COVID-19 variant on the loose, many investors have forgotten to think before they sell. But their reactions present some great trading opportunities – if you know where to look. Bryan’s article offers a little taste of the genius investment advice members receive in The War Room.
Members of The War Room have already had the opportunity to capture more than 1,000 winners at a 76% win rate since they started in May 2019. So you can see that Bryan knows his stuff. Bryan went from working in the Chicago Board Options Exchange trading pit during the dot-com era to becoming his own boss. And now he wants to help you become the boss of your own investments… and he’s laying $10 million on the line to prove it.
Seemingly out of nowhere, the World Health Organization identified a more transmissible COVID-19 variant coming out of Africa and named it omicron.
In response, the major market indexes around the world sold off on a lightly traded and holiday-shortened session this past Friday.
Many feared this move represented the start of a next wave of the pandemic and responded with a “sell first, ask questions later” approach.
As traders, here’s how to best approach the trend…
Whenever there is an aggressive directional move during a thinly traded session, price reactions get exaggerated – which is exactly what I believe intensified the Black Friday sell-off.
And of course, this could lead to some great trading opportunities…
That’s what I’d like to bring to your attention today.
Right now, shares of PayPal (Nasdaq: PYPL) offer you a tremendous entry opportunity.
Here’s why…
Back in September of 2020 – and again in October of 2020 – PayPal tested $180 support and bounced back up.
That bounce extended all the way up to $310.
And right now, as you can see below, shares of PayPal are very close to testing this proven support level again.
After hitting a high of $310 back in August, shares of PayPal are now available for 60% off.
With support at $180, this just might be the closest you’ll ever get to owning one of the premier payment companies in the world at bargain-bin prices.
Yours in smart speculation,
Bryan
P.S. We are identifying and trading opportunities like PayPal in The War Room every day. We’ve locked in more than 1,000 wins already, and we are just getting started. If you’re ready to start profiting alongside us – and start turning these winning ideas into winning trades – you’re invited to join us in The War Room today.
