Everyone Is Ignoring This Stock 🚀 But CHARTS suggest 200% upside Potential

[00:00:00] Speaker 1: All right, tomorrow's a big day. What do you think Trump's boy is going to do? Is he going to give us those rate cuts and pump the market? Or are we getting a dose of reality and getting ready to have a tough day? Let me know in the comment section what you think tomorrow will bring. I bought something I'm almost ashamed to admit. We're talking one of the worst underdogs of 2025 and 2026, a stock that I think Wall Street believes is dead money. But the charts are what attracted me to take a little risk on it today. And I'm going to share the reason. We're also going to check in on a couple stocks that have been extremely strong. These are the ones that everybody's been piling into. We're talking SpaceX and Micron MU. Yesterday, I predicted that Micron was hot and likely to run up to its previous all-time high. Today, that's what we got. We got a jump above the previous all-time high and we've been selling off. And I'm going to take you into that chart and I'm going to remind you what it needs to do by this Friday to potentially become a $1,200 stock. Now, SpaceX, we got to check in on this because it did kind of what I thought it would do, which was that it would run up to $200. It hit a beautiful, somewhat round number of 225 and it retreated hard. I alerted my community that I was going to take the SSPC 2X leverage bear scalp on this and let it cool off and make a little bit of money. And that's exactly what I did. I gave them the trigger of entry of $207.50. I said, if it can't hold that, it's going to go lower. I'm going to drop you into that chart and talk to you a little bit more about the SpaceX success story as well as the risks surrounding that stock. And before I even get too deep into this video, I just want to tell you that I'm seeing so many of my retail friends, friends that have really not been about Wall Street or about these charts or about stock investing who really know very little to nothing, saying that they are gathering every penny they've got to drop it into the SpaceX chart in the hope that one day they're going to cash in big. And I think my concern is not the long-term investment viability of this company because I think it's going to be a great company to invest in long-term. But I want to remind you guys that properly valued, this stock may be worth right now no more than $63. There's reasons why it ran up to $225. And Elon is a pretty smart guy. And a lot of those shares are locked up. But slowly over time, the ability for big investors to sell those shares to eager retail buyers is going to bring the stock price down. I've seen this game many times before. After it drops possibly below $200 and then $175 and then $150 and then $130 and then $100 and into a place that we call despair on Wall Street, that's when those retail buyers will give up, think that they got it wrong, and sell their shares to me. We shall see. But in the meantime, I'm enjoying writing this thing up. And with SSPC, the 2X leveraged bear ETF, I'm making some money when it comes down. I'm going to jump you into that chart and show that to you as well. Welcome to Wall Street. This is the Stocks with Josh show. Thank you for joining me. Thank you for taking a minute. Hit the like, engage me in the comments and that subscribe if you need a better understanding of the charts. I have to talk about another day that the Friendly Screener, my proprietary tool, to find small cap stocks under $5 that move up over 100%. We did it again. We have now a 12th straight day that it has found a stock that has had a 100% move in the morning. And this is just amazing to me. And I'm just going to keep repeating what I said in my last video, which is that clearly this is because the PDT rule was dropped. The game has changed. There's a lot more liquidity. A lot of folks coming after these small cap plays and they are running hard. Never before have I seen 12 straight days where we could find these small cap stocks and run them up for over 100%. So don't sleep on it. My tool's working. This is the one that identified in the morning and it went up over 150% by the middle of the day. If you want to get on board with that, come join the Stocks with Josh community by going to my website, which is the same name as my show. Go to www.stockswithjosh.com. Let's talk a little bit about the amazing SpaceX stock. At one point, it was a $3 trillion company, the fourth largest market cap company in the world. And more specifically, every dollar that SpaceX goes up makes Elon Musk $6.3 billion richer on paper. Elon has become Scrooge McDuck. This man is swimming in them gold coins, enjoying retail, kissing their hard-earned money goodbye and throwing it in the pot and hoping for the best. Now, I actually think that SpaceX is going to be an unbeatable company and they're going to have a moat and I don't think that anybody can touch them and they're doing everything right. Matter of fact, they just bought Cursor, which was the world's fastest growing software startup in a $60 billion all-stock deal. And so I'm constantly impressed with what this company is doing and what it's becoming. But right now, I'm going to keep repeating myself, it is way ahead of itself being the fourth largest company, comparing itself to a bunch of big tech stocks, making over $100 billion a year when it's making under 20. Now, for those who believe that this current run is nowhere near over because a lot of those who hold the shares have them locked and can't sell them yet. And a lot of it gets unlocked in August. So there is still the opportunity for this thing to continue to cook. But there's a bull out there that bought $4.9 million worth of SpaceX calls with a strike price of $325. Another whale bought $1.3 million with a $300 strike price. So to be very clear, even though it went higher today, just like Micron, it ultimately had a red day pulling back from the highs it achieved, but it's definitely still postured in a bullish mode. I just want you to know there's a huge difference between investing and trading. And if you're not intending to hold those shares for a decade and continue to buy the dip, you know, you might be putting yourself in a situation where you're going to panic sell them in the future. So let me just take you through a handful of charts and then I'm going to come back and tell you the underdog story that I bought today and see if you guys wouldn't touch it with a 10-foot pole. Tomorrow we're going to listen to the Fed talk and the number I'm going to be watching for a more powerful move to the downside is any cross of $750. We are still postured bullishly, but obviously we just hit resistance and we may have a tough day tomorrow. Now let's talk about Micron. Like I said, tomorrow the homework assignment, if this is going to be bullish going into its earnings next week is that it's got a hold price point $996. If it can do that, then $1089 and $1209 are 100% still on the table. If we can't hold $996 going into this weekend, then it's going to have some trouble. Let's look at the SpaceX chart. Now we've had three days of trading and this particular candle that it gave us today, this pop-up to $225 gave us a pretty bearish gravestone doji or shooting star candle. And in my opinion, after analyzing the chart, I've said $207.50 was the price point it couldn't afford to lose. Now if tomorrow we can stay above $198, then there's still hope that this can continue to trend higher. But I want to warn those who are very, very bullish on SpaceX right now, if tomorrow we cannot hold $198, then this is potentially the beginning of a more significant pullback. We've got the targets on the chart, $188. And if $188 gets lost, it's going to be a very fast flash down to $176. And you guys see these important numbers. We're going to respect the levels. We're going to trust them. And again, if we can stay above $200, then we could potentially cancel this bearish candle. But if we cannot, then the number one trade is to snag this SSPC. This is that 2X bear ETF. And you can see like SpaceX printed a bearish candle. SSPC printed a bullish candle. Look at this buyer's wick on the downside. And similarly, if we can get above $9 tomorrow, then we will be on our way to $20 for SSPC. Now let me introduce the Dirty Dog Underdog stock that I bought today and that I'm up on. So I've got room to put my stop loss in. And I'm going to tell you about this stock. It's down 55% from its all-time high. It's down 21% this month alone. It's on a 22-year historic losing streak. And in particular, it's been down nine straight days in a row. Now that type of losing streak only happened one time before. And when it happened a year later, the stock had made a brand new all-time high. So there is potentially a little bit of hope for the bulls for a very ugly stock called Salesforce, CRM. Now, I'm not telling you to pile into Salesforce. I'm going to show you the chart. I'm going to show you the swing trade that I got into and why I took a little bit of risk. This stock has got problems and it really hasn't proven itself to Wall Street. And like a lot of SaaS software as a service, they're still getting beat up because people simply don't believe that they can compete against the large language models. Investors have been questioning Salesforce's ability to grow fast enough as OpenAI, Anthropic, and other AI platforms reshape enterprise software. So that's the problem, but let me make a little bit of a bullish case. Now, they are not organically growing, but they are taking some strategic steps that, to be honest, Wall Street doesn't like. They bought a company called Fin, a platform for $3.6 billion to boost their agentic offerings. And they are best positioned right now to take advantage of AI. The problem is people are more concerned about what is going to happen in the days to come. Basically, that they're going to eventually lose. But between where they're at, a 55% pullback on the stock and how they've positioned themselves, the fact is they've done extremely well with their earnings. They keep beating market's expectation and the stock keeps going lower and lower. So let me just take you into the chart and tell you what it is I liked about it. I'm not telling you guys what to do with your money. I just figured I bought something new today, took risk, and I thought I'd share it with you. This channel is not about what you should buy, sell, or hold. It's about what I'm buying, selling, and holding and why I'm doing it. Fundamentally, the company's got a lot of negative pressure right now. But technically, it's probably pretty oversold and it has to do something I talk about quite a bit. It's got to move back to its moving average before it's got permission to go lower. It's a little bit range bound and that's what I'm taking advantage of. Let me show you that in the chart. So this is the cliff it fell off of at 264 and it's been under pressure for quite a while. Now, recently, it made a move after it had this double bottom and it shot up. For a brief moment, it pulled a bunch of buyers in and then it dumped and made a lower low. Now, I want to just point out to you that my particular trade was on a red candle day with the belief that we would pull back and hit this 9 EMA before going much lower and that could potentially move the stock from $161 to $172. Now, I want to take a big step back and look at a larger time frame just so you can understand the stock's price volatility over the course of time. And what it is I want to show you is that this type of pullback, which is being blamed right now on AI is relatively normal for CRM. Back in 2021, when it had peaked out, it ended up dropping nearly 59% when AI wasn't the story, only to go on and make a brand new all-time high in the days ahead. It moved from around $118 all the way back up to $362. And so I know that the fundamental story behind why this stock is getting beat up is AI, but I want you to understand that this type of volatility is historically normal. And right now, we are 56% down. That move, that move ended at 59%, and those who decided to take risk on the company enjoyed a 200% rise in the stock. And so I'm going to be watching this one pretty closely because we hit 56% down. We're only 3% higher than this previous pullback, and this could turn out to be a potential 200% mover. So let me just recap. It appears to be oversold. I think it's got to pull back to the moving average, and there's an opportunity for a $10 move. And on a day when it was falling, what I've noticed is that if we get the overall market starting to fall, perhaps Wednesday, Thursday, or Friday, and I'm not predicting that. I don't know what's going to happen. I'm going to wait and see what the Fed does. Maybe he's going to give us a big fat 1% cut. Who knows? But if the market did pull back this week, it's typically underdogs like this that get a little bit of relief. Why do they come up a little bit when the market drops? Well, because they've been shorted significantly, and what Wall Street has to do to close a short position is to buy the stock, and so that's often why the underdogs have a green day on bearish market days. Now, not making any predictions. I've got my stop-loss set. I'm in green right now on CRM. Thought I would share this trade with you guys. Let me know in the comments what you think about it. If you think there's any sense in taking even a small scalp on this company, and let me know if you made any money using that SSPC2X bear SpaceX, or if you're riding long, wait until those bigger dogs begin to unlock. Have you taken any profit on this SPCX move to the upside? Do you intend to short it to the downside? I told you what I'm doing. Peace and blessings, my friends. Hit that like and subscribe, and check out this video before you head out. How many times has this happened? You take a trade, you feel good about it, and then the chart immediately rips the other way. Or worse, it just sits there, chops sideways, fakes you out, shakes you out of your position, and then runs the second you close it. Guess what? We've all been there. Every day, the market is building structure, and there's always critical levels that act as the trigger and the gatekeeper for the next big move, either up or down. And if you're not sure where it is, it's so easy to miss. The Stocks with Josh A-plus scalp indicator marks the lines that actually count. Breakout, breakdown, rejection, and bounce on the most traded stocks in the market. And once breakout is confirmed, A-plus scalps give you the three targets, so you have an idea where your hot play is going to face resistance. So if it rips out of the gate, you have precise take-profit levels, so you lock in wins and grow your portfolio. 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