đŸ§Ș Our $KLG Opportunity

Plus: Reddit IPO & Bitcoin Slump

March 20, 2024

Good Morning!

We’re breaking down our positions and analysing the news behind them.

From Bitcoin’s $440M blow to the Reddit IPO showdown at $6.4 billion, we're keeping an eye on the big moves. And let's not forget about our $KLG position, Kellogg's under-the-radar star - we break down our insights, entry points, and profit predictions from our expert analysts.

Wanting to get into crypto? We're also diving into the secrets to conquering the crypto market as a beginner, with potential gains that could make your head spin.

Let’s get into it 👇

🌡 Market Temperature Check

📈 Stock Catalyst

$KLG's Surge

The Play:

Our analyst Mr. M has unearthed a gem: $KLG, Kellogg's cereal empire. Here’s the breakdown of this trade idea:

  • Entry Point: $17.31 (awaiting the break)

  • Profit Levels: $17.7, $18, $18.5, $19, $20, $21, up to $23+

  • Stop Loss: $15.70

The call to buy

With the numbers laid out like a trail of cereal crumbs, Let’s check out the catalyst that’s driving the trade.

The Catalyst:

So, what's stirring in Kellogg's bowl? In February, WK Kellogg - the cereal business spun off from the mother brand - sprinkled some sugary news on investors: a 9% stock surge! This leap came hot on the heels of a delicious earnings report. They didn’t just beat sales expectations; they leaped over them like Tony the Tiger himself. More than that, their 2024 financial forecasts have investors' mouths watering.

But here’s the cherry on top: Kellogg is not just any old stock. It's an under-the-radar star that’s recently broken out to new highs. Think of it as the hidden toy at the bottom of the cereal box.

Mr M’s Entry

Our Take:

Now, let's chew on why $KLG is more than just a good morning munch. This is not just a buy; it's a 'snap, crackle, pop' to the top. Why, you ask? Three reasons:

  1. Solid Earnings: They didn't just meet expectations; they soared past them. This kind of performance is what wakes up markets.

  2. Underappreciated Potential: Kellogg's spinoff isn’t on every trader’s radar yet. That spells opportunity for those quick enough to catch it.

  3. Technical Breakout: The stock's recent surge past previous highs is like the first spoonful of your favorite cereal - satisfying and promising more good stuff to come.

In TradingLab, we’re not just about flashy plays; we’re about smart, informed decisions. And $KLG? It’s as smart as they come.

Join the TradingLab community for more insights, real-time analysis, and a squad of market experts like Mr. M.

Don't just trade, trade with the best.

đŸ“œ How To Start Trading Crypto As A Complete Beginner

New Video Alert!

In this video, I dive into the mega bullrun currently shaking up the crypto world. We're talking potential 10x, 100x, even 1000x gains! Imagine turning a mere $1,000 into a cool million. Sounds wild, right? Well, my viewers and I are already surfing this wave.

But here's the kicker: snagging these promising coins isn't a cakewalk. Coinbase? Sure, it might be the go-to for beginners, but when it comes to coin variety, it's not your best bet. If you're hunting for those rare, high-potential altcoins, you’ll have to venture further.

Enter Bybit – my personal go-to. It's like the Swiss Army knife of crypto exchanges: a stellar coin selection, fees so low they're practically limbo dancing.

Got your exchange? Great. Link up your card or bank account, choose your crypto (let’s say Bitcoin for starters), and hit 'buy'. Congrats, you're a crypto owner!

Now, the crucial part – keeping your crypto safe. Ever heard of the FTX collapse? Yeah, don't be those guys. Move your crypto off the exchange and into a hardware wallet, like the Ledger Nano S. It’s as easy as plugging in a USB and using a pin – secure and totally under your control.

Just copy your Ledger wallet address, go to your exchange, hit ‘withdraw’, paste the address, and voilà! Your crypto is safe and sound.

Check out our full video for all the details. If this is just the start of your crypto journey, we're here to guide you every step of the way.

Tap that link, hit play, and let’s get you on this crypto wave together!

✍ TL;DR

  1. The Play: $KLG (Kellogg's)

    • Entry Point: $17.31 (awaiting breakout)

    • Profit Levels: Targets ranging from $17.7 to $23+

    • Stop Loss: Set at $15.70

  2. The Catalyst:

    • Kellogg's cereal business (WK Kellogg) spun off, reporting a 9% stock surge in February.

    • Strong earnings report, surpassing sales expectations.

    • Positive 2024 financial forecasts enticing investors.

  3. Mr. M’s Analysis:

    • Solid Earnings: Surpassed market expectations.

    • Underappreciated Potential: The spinoff is not widely noticed yet, offering a unique opportunity.

    • Technical Breakout: Stock is reaching new highs, indicating strong potential.

Stay ahead, stay informed, and most importantly, stay profitable.

‘til next time,

TradingLab