The stock of ticker: $ncnc , of Noco -Noco inc. shot up over 100 % on July 31. – Was the 6-K filing the trigger for the stock to move up? Probably not as the filing was about the announcement of the appointment of Mr. Koji Ito as Chief Product Officer. The “recent 1 minute volume spike” scanner on the right showed an uptick of the historical volume today.
1 Min Volume Spike Alert below:
To realize profits on trending or pump stocks, all you need to do is to look at the prior stock performance and get in if the stock performance was either flat or slightly up in at least 2+ trading sessions. But you want to make sure that the stock has not gone downhill recently. Study the chart and make prudent low risk decisions.
You see based on the five day chart that the stock performed relatively calm (flat) without much volatility. This is a good sign because most of the stocks with similar history tend to have a good run.
A fairly low risk approach would be to purchase shares during the open market session (9.30 am upwards) and set set your limits (stop limits, sell limits etc.) according to your projections. I personally set a stop limit and adjust that as the stock moves up.
