This week, we’ve just had a constant erosion of stock prices. Nothing going down real fast, but going down. Let’s chat about it:
If you want to make a trade right now, here are three tickers making new 52-week lows that you can short:
COIN – Coinbase. The crypto market has been devastated this year. Coinbase is a figurehead of the entire industry. I think it’s going lower.
CRM – Salesforce. It’s down over 50% over the last 52 weeks and it’s still heading lower.
ZM – Zoom. One of the biggest pandemic stocks has been hammered all year. I think it’s still headed even lower.
There’s a watchlist of three stocks. Watch them carefully, see how much they move on the short side.
And if you want to play them both ways at the same time, so you can take advantage of any major move, check out my Trojan Horse strategy if you haven’t yet.
