ABVE

 

The markets came roaring back with a vengeance yesterday!

The day-to-day moves for the market are breathtaking right now.

I’m wondering now if we’re going to see another “rug pull” soon or if this rally has legs and can carry into next week?

One of the biggest things I am watching right now as a “tell” is the volatility index (VIX).  You might also want to look at UVXY, though, which trades more like a stock.

Both of these are still at extreme levels, and it is signaling to me that there are still a lot of underlying issues the market is worried about.

Don’t get too complacent in your trades right now… things can (and likely will) continue to turn on a dime.

For today, I am going to focus mainly on smaller momentum stocks.

That has been working really well lately, and I hope to keep it up.

This week alone, we’ve already seen a couple of the ideas I shared with you run 15% and 18% higher in a single day – not bad at all!

Right now, pull up Above Food Ingredients (ABVE) on your favorite platform, and I’ll show you why you should look into this immediately.

First of all, ABVE just started trading a little over a month ago.

Many traders have yet to notice it, and I think it makes a lot of sense for you to start watching it now at these levels.

Right now, I am seeing my favorite trading pattern, the “Gamma Trigger” setup, on the 5-minute chart.

Look at it now, and look at what happened when this signal triggered previously…

This provides a very compelling opportunity.

When I am trading, I like to use the recent support as a stop-loss point on a trade if it turns out I am wrong (it happens sometimes!).  I highlighted what I am looking at in the chart above.

ABVE recently moved 66% higher after breaking out last time. That establishes a pretty good upside range to consider, around the $2 level. I would put the upper resistance in that area.

I think these are great levels to consider right now, though I am always personally happy to make 5-10% on a trade.

This is one of the better short-term setups I see right now.

I expect there to be a lot of action on ABVE today, so make sure you are watching every minute of it!

As you are doing your homework on it this morning, read through some of the notes I was able to put together on it to help you get started…

Above Food Ingredients Inc. (ABVE) is a Canada-based “seed-to-fork” food company whose products are available in leading grocers across Canada and the United States. 

They’ve only been around since 2019, but you’ve probably seen their products if you ever shop at a premium grocery store like Whole Foods or Fresh Market…

Although to be sure, I’ve seen a lot more health-conscious brands in recent years at stores like Kroger and Food Lion too.

AboveFood products

You can find an overview of their brands here.

If you’re health conscious or into the environment, you may pay attention to those special certification stickers on food products — organic, non-GMO, fair trade, etc.

ABVE boasts 10 of these food safety and food production certifications across its 120 differentiated products and ingredients, which range from snacks to side dishes and main courses to pantry staples.

They grow 13 unique crops, and they have a genetics program to help drive customized traits in many of their seeds.

Seven of their crops — including oats, beans, and lentils — are protein-rich and useful for plant-based meat and dairy alternatives. There’s been some concern about the amino-acid profile of these alternatives, and ABVE is working to manipulate their crops to develop amino acid balance and to increase overall protein. 

The company differentiates itself by paying careful attention to sourcing and to regenerative, sustainable practices.

The company is truly vertically integrated. It has its own plant-breeding labs, processing facilities, and even a fleet of more than 300 railcars.

It also sells at all points on the supply chain. It can sell its proprietary seeds for recurring royalty revenue, it sells to some of the largest bakeries and pasta manufacturers, and it sells consumer-packaged goods on grocery shelves.

Right now, the company has 62,000 points of distribution across 29 countries, and it pushes 300k metric tonnes (that’s more than 661 million pounds) of food per year.

Company co-founder and CEO Lionel Kambeitz is a fourth-generation farmer whose family’s 70,000 acre farm was founded in 1899, so you can say he knows a thing or two about food production. Today, his son runs the family farm while he focuses on ABVE.

You can check out a great interview he did with BNN Bloomberg last month here.

As I said, the company is only five years old, but its revenues for fiscal 2024 topped $273 million — and that’s USD. They’ve grown rapidly, too, at a CAGR of 34% since fiscal 2021. 

That’s because they’re leaning into prominent trends in agribusiness, including:

 

 

For more on this innovative company, be sure to check out their website and this slide deck.

Spend time right now doing your own research on the stock, and of course, always approach your trading in a responsible manner. Trading is very risky, and nothing is ever guaranteed, so never trade with more than you can afford to lose. Please read the full disclaimer at the bottom of this email as well so you are aware of additional risks and considerations. Always have a well-thought-out game plan that takes your personal risk tolerance into consideration.

I expect a lot of action today, so get ABVE on your screen right away!

To Your Success,

Jeff Bishop

P.S. Make sure you join me and over 1000 traders in the Market Master’s trading room today for live trading signals and education. You can access it at no cost right now. 

👊 Make sure you are getting my mobile text alerts –  text “RAGE” to 1-(888) 404-5747 to get all of my latest HOT STOCK ideas delivered right to your phone (make sure you put the “1” at the front!).  Don’t miss out!

 

 

 

*Just so you know, what you’re reading is curated content for which we have received a monetary fee (detailed below) to create and distribute. Let’s be clear that investing can be quite the roller coaster as stock prices can have wild swings up and down, so consider those crucial risks before you ever consider trading anything we discuss. Make sure you check out our full disclosure down below for the details on how we were paid, the risks, and why these results aren’t what you’d call “typical.”

Just a quick heads up about this ad you’re reading—as we’ve said, even though we like the company referenced above, and all the facts we discussed above are true to the best of our knowledge, we are running a business here. To distribute this information and help offset the costs of maintaining our large digital audience, in advance of writing the content above, we received seventeen thousand five hundred dollars (cash) from Interactive Offers for advertising Above Food Ingredients Inc for a one day marketing program on August 9, 2024. This was paid by someone else not connected to Above Food Ingredients Inc. It might be obvious, but whoever paid for this might own shares and is likely looking to sell some or all of them at any time after we send out this information, which might affect the stock price. We may also buy or sell shares in the company at some point in the future, although neither RagingBull nor its owners own any shares of the company at this time. Also, keep in mind that due to the sheer size of our audience, if even a small percentage of people decide they want to buy this stock, it could potentially boost interest enough to hike up those share prices and cause a temporary spike, and the opposite is possible as our program ends, though that is not always the case.

Now, diving right into Above Food Ingredients Inc might sound exciting. But remember, it’s like venturing into the wilderness—be aware that there’s exceptional risk involved in trading. This isn’t small potatoes we’re talking about; you could lose every dime you put in, so always carefully think about what you’re doing. That’s why they call this trading, after all. We’re shining a light on the good stuff about the company here, but it’s on you to do your homework, make your own calls, and determine a plan for your own trading, hopefully with the help of your professional 1nvestment advis0r.

Oh, that brings us to another crucial point—we’re not here to tell you (or even recommend) what you should do with your hard-earned money. We’re simply sharing our non-expert thoughts by highlighting some companies we like that could use some help telling their story to more people. We’re obviously biased in our writing. We’re not here to dig into anything that may be negative about the company; this is advertising, after all! Also, keep in mind that if we make some predictions about the future, these are technically known as “forward-L00king statements” under the securities acts, so take those with a grain of salt. As with all forecasts, they’re not set in stone, often wrong, and we certainly can’t know where the Company’s earnings, business, or share price will be tomorrow or a year from now.

Everything you read from us is all for your education, information, and possible entertainment. While we believe the info is reliable and accurate, we can’t wear a cape and guarantee it. Before you jump into anything, make sure to talk it over with a pro—someone you trust who’s licensed to give you real advice. To be clear, 

Neither Raging Bull nor its owners, employees, or independent contractors are registered as a secur1ties br0ker-dealer, br0ker, 1nvestment advis0r (IA), or IA rep’s with the SEC, any state securities regulat0ry authority, or any self-regulat0ry organization.

So, that’s the scoop! If you’re intrigued and want to learn more about the companies we talk about, hit up the SEC’s website to dig into their filings and see the full picture.