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Pennyevstocks

RIVN falls to fair value for swing LONGRIVN is here on a 30 minute chart with VWAP bands and a dual time frame RSI added. Price fell from the top of the trend up after the last earnings. It is now between the mean anchored VWAP and the first lower VWAP line which is where the reversal occurred on May 8th. I will look for an entry long on a lower time frame chart. I am looking for a 1.75 move up toward the second upper VWAP line in this trade while risking 0.25 making the reward for the risk taken about 7.
NASDAQ:RIVNLong
by AwesomeAvani
FFIE in a rising channel breakout ( RIP FSR) LONGFFIE is rising in a Keltner channel with a moving average channel superimposed. On this 15 minute chart, FFIE went from a low volume trend down to a reversal with volume on the morning onf April 8th with the continuation into April 9th. This is a volatile penny stock. Long trades are taken when price crosses through the moving average channel especially if there is a corresponding volume spike. The exit when price touches or crosses the upper boundary of the Keltner channel. I have added the ATR stop loss indicator to manage the stop loss and its advancement up as price rises. The trend up is now 35% but could easily continue higher. I will take a long trade here with about a 5% stop- loss targeting 0.1184 and 0.1234 as recent pivots to the left.
NASDAQ:FFIELong
by AwesomeAvani
FSR- a risky penny stock long trade in the EV space LONGFSR has been mentioned as a bankruptcy candidate. It has been on a super trend down on reports that it does not have enough cash reserves to meet operating expenses and production quotas. However, any review of the chart in the past quarter shows that it is capable of counter trends where it suddenly gains 10 to 20% in market cap in a short period only to give it back in the aftermath. It is these countertrends that I have traded recently including late February and the earliest days of March. At present, FSR price is low in the recent high volume area of the profile and the Trend Strength Index is shows some volatility. The LuxAlgo predictive regression forecast is for higher price action in the near term. I will take a long trade here targeting first the trendline resistance of the falling wedge pattern and then the mean VWAP line if the breakout occurs. The trade is expectant for a 20-25% return in a few days consistent with a prior breakout. I will set a stop loss below the support trendline at 0.116 to decrease the risk while raising the stop loss upon reaching the upper trendline to 0.13. Call options for 4/19 will be entertained striking 0.50/
FLong
by AwesomeAvani