Five Stock Setups to Trade Tomorrow (7/5/23)

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Good evening traders. We had a pretty good day today and I would like to show you some trade ideas that I have after reviewing the charts today.

Small cap action is definitely slow, but there is a lot of money to be made either trading mid/large cap options, or just sitting on your hands and waiting for the space to heat up again.

Setup #1 is BDTX

This is a small cap stock with a great chart and is cooling off after its huge move from $1.71 to $6.85 in just one day. I think this may catch volume again and it printed a reversal candle today. It also had $15mm in insider buying just last week at $5 and it’s now trading at $4.86. 10% stop loss here