In over one month later this stock that we had purchased has begun to be one of the hottest stocks to buy

   On 9/10/2020 we have mentioned about this company Socket Mobile Incorporated when the Relative Strength Index was below the 40 percent threshold.     At that time the MACDs were just beginning to pick up momentum in driving the stock price up.    We had gotten it for $1.23 a share on 9/10/2020, momentum doesn't go up for no reason, stocks are driven up by momentum in something that they did.

    Reading the reports on what had caused this stock to get so hot before the opening of last Friday 10/23/2020, last Thursday there quarterly earnings report had came out, causing its stock futures to skyrocket before Friday's opening.     Socket Mobile lead all other stocks by percentage points in those stock futures and now its one of the hottest stocks that people are checking out to purchase.

     What happened in this quarterly report was that there earnings report quadrupled from $94 million up to $424 million from changes that the business had made.   Those changes was what caused the price to climb, this company produces barcode scanners for hospital use.   Except that they weren't making enough money through the pandemic, so they decided to offer this barcode scanning device to restaurants.

      It helped restaurants to handle customers more efficiently with waitresses using this barcode scanner to quickly order what people wanted to eat.     So now Socket Mobile is looking at other ways to use this barcode scanner in other business fields.     Right now the MACDs are still giving that this stock has more momentum for the price to climb, right now the Relative Strength Index is well in the overbought area.

      With it being so high on the Relative Strength Index will cause the price for it to come down maybe for a day or two and if the momentum on the MACDs is still signaling for the price to continue to climb.

      Will have to watch this stocks MACDs performance, the stock futures are down at the moment: DOW is down by .52 percent, the S & P 500 is down by .55 percent and the NASDAQ is down by .44 percent at 3:57 pm PST.     Here is an article that is interesting: https://www.fool.com/investing/2020/10/25/5-reasons-not-worry-another-stock-market-crash/.     Our services follows in ways of researching for stocks that has bottomed out and examine which ones that would be taking off.      We don't usually hang onto many stocks for a long period of time, very rarely do we hold any lasting over a year.     We have learned that money can be made quicker by selling them when their is a shift on the MACDs beginning to decline the stock price.

      The red line is the signal on the MACDs when it crosses and seeing both lines showing decline, that is a signal to sell as there are a wide range of so many stocks to purchase.    With Socket Mobile continuing to climb then when we sell it we can look at buying into another stock.

       Building up shares helps people make more money from their investments, that is what our services will be doing for individuals and small businesses.     Right now stock futures haven't shown much momentum to send towards the plus side: DOW is down by .49 percent, the S & P 500 is down by .51 percent and the NASDAQ is down by .47 percent at 4:21 pm PST.     We ain't seeing the stock markets to go through to many gains until after the elections and so we are still seeing declining days going up through Election Day.