SOS Limited (SOS)
Keep SOS on your radar for the next couple weeks. Shorts have beaten this crypto mining stock down for weeks. It appears to have found bottom and is only a matter of time before shorts start burning again. Elon has said he will support Bitcoin again when it is mined with renewable energy. SOS is the answer to Elon’s problem with Bitcoin. Start a position early and be prepared for a massive bull run.
The cannabis industry is one of the best industries to invest into in 2021. With less than two years out until legalization, there is no better time to position yourself in the industry. Sundial is poised to make a big run before the end of year due to its popularity and current stock price. When cannabis stocks begin to fly, SNDL will be leading the pack. Although I don’t think SNDL is the best investment long term in the industry, all that will matter during the bull run is where retail traders will put their money. SNDL looks to be the place retail traders will invest. For a long term position in the industry, I highly recommend checking out HEXO.
Torchlight Energy Resources looks like the next AMC! After hours on Friday showed us that it is not done running yet. Volume is picking up massively, and we should see continuation next week. As TRCH squeezes next week, do not be shy to take profit. It is unlikely we see TRCH hold it’s next leg up for long. Profit takers and shorts will come in mid-week and present another buying opportunity for next week. This Reddit fueled run still has some gas in the tank, and will present great trading opportunities in the week ahead.
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