Remember to also take a look to the previous post on important things to know before trading penny stocks but on this one we will focus on the main purpose of the website which is to let you know about the best stocks to follow up.
Save the World Air (ZERO)
The price has broken upward out of a consolidation period, suggesting
a continuation of the prior uptrend. The pattern begins during a
downtrend as prices create higher highs and lower lows in a broadening
pattern. Then the trading range gradually narrows after the highs peak
and the lows start trending upward. When the price breaks upward out of
the diamond’s boundary lines, it marks the resumption of the prior
uptrend.
Volume: 384,365
Target Price: $1.28 – $1.36
Stop: $0.81
Copytele (COPY)
The price has broken upward out of a consolidation period, suggesting
a continuation of the prior uptrend. A symmetrical continuation
triangle shows two converging trendlines as prices reach lower highs and
higher lows. Volume diminishes as the price swings back and forth
between an increasingly narrow range reflecting uncertainty in the
market direction. Then well before the triangle reaches its apex, the
price breaks out above the upper trendline with a noticeable increase in
volume, confirming the pattern as a continuation of the prior uptrend.
Volume: 265,647
Target Price: $0.34 – $0.36
Stop: $0.16
Max Sound Corp (MAXD)
The price seems to have reached a bottom, showing signs of reversal
as it has broken upward after a period of uncertainty or consolidation.
The diamond bottom pattern begins during a downtrend as prices create
higher highs and lower lows in a broadening pattern. Then the trading
range gradually narrows after the highs peak and the lows start trending
upward. When the price breaks upward out of the diamonds boundary
lines, it marks a significant reversal to a new uptrend.
Volume: 252,432
Target Price: $0.48 – $0.52
Stop: $0.22
I hope you liked the post and remember we will be posting great penny stocks to buy
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