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Pennystocks

SRZN great trend up this year then pullback can be bought LONGSRZN ona 30 minute chart is on a consistent trend up for three weeks with some minor normal corrections while underway. Now is one of those pullbacks waiting for an entry. Price is getting support from the first upper VWAP bandline confluent with the lower ascending support line of the megaphone pattern. A megaphone pattern documents increasing volatility in the price action. Volatility is profitable in trading the swings as a swing trade or even intraday. I will take a long trade here targeting the top of the pattern or about going from 12 to 15 being 25% upside.
NASDAQ:SRZNLong
by AwesomeAvani
SOUN might be overbought and overvalued for a reversalSOUNDHound AI on the 15 minute on Wednesday 60 hours ago, broke out after a trend down to begin the year. The tailwinds of the technology stock earnings and their tailwinds pushed hard. SOUN broke out through the entire high volume area and then rose above it. Pretty much the same from the lower aVWAP bands into the uppers after crossing over the mean line. On the three indicators, RSI , MACD and the Chop index bearish diveragence is seen. This may be an early reversal in progress but then again it might just be prudent traders liquidating to take full or partial profits to close out the week. I am running full on this, I will watch the price action early next week to determine a continuation vs a reversal. Relative volume and relative volatility may show long traders closing with targets reached and shorts taking their positions causing a pivot high of even a " long squeeze". Alerts and their notifications are set on a 5-minute time frame to allow for some early warning. On the other hand it SOUN can put out some higher decibels I may decide to look at the 2/16 options chain and chart for an OTM call in the $2.5 or $3 range.
NASDAQ:SOUNLong
by AwesomeAvani
4
Can WIMI an IT penny stock hold above a dollar per share ?WIMI rocketed from 60 cents to $1.50 two days ago and then fell to 93 cents near to the Fib 0.62 retracement which is greater than the typical. The idea is on the chart. So the analysis is a symmetrical triangle pattern with a high normal retracement now at the apex of the triangle with quick compression on the 15 minute chart. Volume is now. Friday afternoon had a pullback likely to rake profit for the weaken. Money flow and relative strength are decent but settled down. So will this penny awke up next week and try to move toward its high of the week or will it fall lacking attention from distraction by technology stock earnings reports and a crypto-sruge. To be sure, this is not an earnings play. There was a highly significant news catalyst early in the week. This news is a possilbe game changer. Over the intermediate term, despite any analysts' forecasts this could do 10X by summer. As to next week, who knows but with an overshoot on the retracement and now below the the mean VWAP band anchored to the beginning of the week. I am voting for a reversion to the mean which just happens to be 1.00 ( a convenient "psychological level.). As to a trade setup, a will take a big lot of shares from a buy stop set for 1.01 with a stop loss of 0.97 and see if I get filled.No matter, this will be a swing trade for me. I will do adds at the low of the week each week for several. I understand the news catalyst and believe this penny IT will get a begin growth spurt in little time at all.
NASDAQ:WIMILong
by AwesomeAvani
$CGAC Bitcoin Mining Company with 722 Miners Increasing to 1,500Bitcoin is on the move once again and cracked past $50,000 today a pivotal mental barricade that hasn't been broken in several years since the bear market started and ended and the bull market began. Bitcoin Stocks that mine usually do the best during the crypto bull cycle and the best and lowest of them all at the moment is OTC:CGAC Currently the company is in the process of increasing their miners from 722 to 1,500 in the short term and will also be doing a CUSIP and Name Change in the coming weeks to accommodate its business direction. There is sufficient gains to be made here as it did do .05 last time around, and this time, with sufficient interest in the Crypto market we could very well see .10+ I am very bullish on this one.
OTC:CGACLong
by StockGuild
GTL INTRASTRUCTURE - BEST PERFORMER PENNY STOCKCan enter at CMP 1.75 or Enter at 1.60 level Targets - 2.35,3.75+ Disclaimer - All information on this page is for educational purposes only, we are not SEBI Registered, Please consult a SEBI registered financial advisor for your financial matters before investing And taking any decision. We are not responsible for any profit/loss you made. Request your support and engagement by liking and commenting & follow to provide encouragement HAPPY TRADING 👍
NSE:GTLINFRALong
by Jagadheesh_JP
GG ENGINEERING LTD - BEST GROWING PENNY STOCKCan Enter at CMP 2.58 or Wait for 3.15 level Targets - 5,6.84,8.20+ Disclaimer - All information on this page is for educational purposes only, we are not SEBI Registered, Please consult a SEBI registered financial advisor for your financial matters before investing And taking any decision. We are not responsible for any profit/loss you made. Request your support and engagement by liking and commenting & follow to provide encouragement HAPPY TRADING 👍
BSE:GGENGLong
by Jagadheesh_JP
HRTX a biotech penny stock with 70% in two months LONGHRTX has been suggested by various trading websites as a potentially explosive penny biotech stock for 2024. It has experienced excellent price actions since an earnings beat in November. It beat the estimates; that is to say it burned about half as much cash as the analysts estimated the it would. Today it pumped 11%. Relevant articles can be found compiled on the Yahoo Finance page linked here. The chart is 120 minutes. A alpha trend indicator is shown and the supertrend since the November earnings is upward. An AI Lorentzian indicator is added with a 2000 candle lookback to generate buy and sell signals. It calculated a 59% win on 83 trades over those 2000 candles two hours each; this amounts to about 2000 x 2 / 6 hrs per session or more than 600 trading days = 2 1/2 years. Also supporting an entry at this time is the faster (45 min) RSI line rising over the 50 level while the slower ( 240 minutes in red) RSI line has been over the 50 level since those earnings. The ADX indicator had a DI- and DI + flip with a mini pullback to close out last week's trading ( profit taking). The volatility indicator also showed that dip with selling volatility greater than buying which has now flipped. Given that price has went 5X in 2 months , there is a possibility HRTX is overbought. Analysts seem to think otherwise. I will take a stock position here and anticipate holding the position into the next earnings. For trade management I will take partials of 5 % each at the high of day for ten days going into earnings and hold the remaining 50% through the earnings. In the meanwhile I will review the trade if the machine-learning alo indicator generates either a buy or sell signal. For those lacking the risk tolerance for money-losing biotechnology penny stocks with high potential but are aware that biotechnology is expected to be "outperforming" in 2024, XBI and LABU are ETFs with risk-mitigation in the form of a diverse portfolio from the sector.
NASDAQ:HRTXLong
by AwesomeAvani
UROY Short Sell Trade from High Tight Flag Breakdown SHORTUROY topped out as shown by my other ideas. Profits are redeployed into it in a short trade to play the volatility. Expect 10% in 1-3 days. Text box comments are on the chart. The volatility is increased;the uranium sector is hot ( no pun here) given the climate warming and t the ongoing debates on fossil fuels and government initiatives supporting green energy and trying to wean the oil addiction. ( ZOOM out and to the left for text comments )
NASDAQ:UROYShort
by AwesomeAvani
An In-Depth Analysis of Cars.com (NYSE:CARS) Post Q3 EarningsCars.com (NYSE: NYSE:CARS ) has emerged as a digital hub connecting new and used car buyers and sellers. As we delve into the aftermath of the Q3 earnings report, it becomes clear that Cars.com is at a crossroads, navigating challenges but also seizing strategic opportunities for future growth. Marketplace Resilience Amid Q3 Slowdown: The broader online marketplace sector faced headwinds in Q3, with revenues beating analyst estimates by a modest 1.8%, while next quarter's revenue guidance lagged by 1.7%. However, Cars.com demonstrated resilience in the face of this trend. Despite a weaker quarter, the company's share prices rose by 4.6% on average since the previous earnings results, outperforming other cash-burning entities. Q3 Performance and Strategic Moves: Cars.com reported Q3 revenues of $174.3 million, a 5.9% YoY increase, in line with analyst expectations. The quarter, however, witnessed a decline in the user base and slow revenue growth. Despite these challenges, the company made strategic moves to fortify its position in the market. Notably, the launch of Cars Commerce, a new B2B brand, reflects a commitment to simplifying the car buying and selling process for all stakeholders. CEO Alex Vetter emphasized the strategic importance of this move, stating, "During the quarter, we made strong strategic moves that advanced our platform strategy and unlocked future growth." Acquisition and Geographic Expansion: Cars.com's acquisition of D2C Media Inc. is a noteworthy development, extending its presence in the Canadian market and unlocking new growth opportunities. This move aligns with the company's broader strategy of uniting the industry and fostering a seamless experience for consumers, dealers, OEMs, and lenders. User Base Dynamics: The Q3 report indicated a decline in the user base, with 18.7 thousand active buyers, down 4.44% YoY. While this is a notable setback, the company's focus on strategic initiatives and the launch of Cars Commerce could potentially reverse this trend in the coming quarters. Future Outlook: As the stock currently trades at $17.17, reflecting a 15.88% increase since the results, investors are cautiously optimistic. The success of Cars.com in the coming quarters will depend on its ability to capitalize on the launched initiatives, navigate challenges in the online marketplace sector, and harness the potential unlocked by the acquisition of D2C Media Inc. Conclusion: Cars.com ( NYSE:CARS ) stands at a pivotal juncture, having weathered the storms of a challenging Q3 while strategically positioning itself for future growth. The launch of Cars Commerce, the acquisition of D2C Media Inc., and the commitment to industry unification underscore a resilient strategy. Investors will be closely watching how Cars.com steers through the road ahead, making this digital marketplace a compelling stock to watch in the coming months.
NYSE:CARS
by DEXWireNews
Penny Stocks and Forex: Similarities and DifferencesBringing together the two distinct worlds of penny stocks and forex trading requires a comprehensive understanding of the unique characteristics of each of these investment opportunities. The article discusses how the speculative nature of penny stocks compares to foreign exchange trading, helping traders gain a better understanding of the opportunities and challenges of the two markets. Understanding Penny Stocks While looking for the best penny stocks to purchase, traders approach this segment with a balanced perspective and conduct thorough research. What Are Penny Stocks? Penny stocks are shares of small-cap companies trading at a low price, typically below $5 per share. They distinguish themselves from larger stocks by their market capitalisation, which is usually below $250 or $300 million. The top gaining penny stocks today are typically found in industries characterised by small, emerging enterprises, such as technology, biotechnology, renewable energy, mining, and pharmaceuticals, where companies seek capital investment to fund early-stage development and growth initiatives. Penny stocks are often associated with the term "Pink Sheets'', which originated from the practice of displaying price quotes for stocks traded over-the-counter on pink-coloured sheets of paper. Where Are Penny Stocks Traded? The top trading penny stocks can be found in the over-the-counter (OTC) market, which serves as a decentralised space where securities are traded directly by a network of dealers. It’s unlikely you will find them on large stock exchanges; however, there are exceptions. As companies traded in the OTC market are subject to less strict reporting requirements, it’s vital to be careful when choosing a platform for penny stock trading and investing. The requirements for filing financial information to regulatory authorities play a crucial role in choosing a trading platform. Marketplaces such as OTCQX, within the OTC Market Group, attract companies committed to transparency and stringent disclosure standards. In contrast, the Pink market attracts some of the best penny stocks for day trading, being a more speculative and loosely regulated tier and allowing securities to trade while complying with few financial standards. Major Driving Factors and Risks Penny stocks are notably influenced by speculation, with their prices being highly sensitive to perceived opportunities for quick and substantial returns. Associated with small, less-established companies, for which financial data is often scarce, penny stock prices may surge unexpectedly on news about the company's progress, such as product launches, partnerships, and financial results. However, this news is frequently manipulative and part of so-called 'pump and dump' schemes, where prices are artificially inflated and shares experience enormous price fluctuations. Another significant consideration in penny stock trading is dilution. The number of outstanding shares may escalate due to mechanisms like employee stock options, share issuance for capital raising, and stock splits. When a company issues shares to secure capital, a common necessity for small enterprises, it often leads to a dilution of ownership percentages held by existing investors, which exerts downward pressure on the share price. How Do Penny Stocks Compare to Forex? Below, we discuss various aspects in which penny stocks and forex trading can be compared to each other, helping traders find out whether penny stocks may be recommended for their trading profile. Risk Level Penny stocks present unique risk factors. These include high volatility, limited liquidity, the potential for fraudulent activities, and a lack of comprehensive information. A thorough examination of these risks is essential for investors trying to capitalise on price fluctuations of some of the most volatile penny stocks. Forex trading, on the other hand, comes with its own set of risks, including currency fluctuations, geopolitical events, and the leverage-induced amplification of losses. Potential Returns Penny stocks may have huge potential and deliver potential returns due to their low share price if the market moves favourably. However, this is not always the case; a low price doesn’t guarantee a future surge. The higher potential returns come with increased risk, and investors must carefully analyse each individual asset, especially in regard to the lack of historical performance data for some emerging stocks. Forex trading also offers the potential for benefiting through currency value fluctuations. Leverage in forex can amplify returns, but it also magnifies losses. Liquidity Penny stocks often face challenges related to liquidity, as their lower market capitalisation can result in fewer buyers and sellers. Forex markets, on the other hand, are known for their high liquidity, given the vast number of participants involved, including major financial institutions and central banks. Contrasting liquidity in penny stocks with forex emphasises the different trading environments and potential impact on trade execution when defining the best way to trade penny stocks. Accessibility and Learning Curve Penny stocks are considered accessible for traders and investors with any level of experience due to their low share prices and the lower level of initial investment that their trading requires. However, investors need to get familiar with the challenges associated with investing in smaller, potentially volatile companies. Forex trading, with its complex currency pairs and market intricacies, has a steeper learning curve. Novice traders entering the forex market need to invest more time in understanding the currency movements, economic indicators, and geopolitical factors influencing exchange rates. If you want to compare penny stocks and currency pairs, you can visit FXOpen’s free trading platform, TickTrader. Are Penny Stocks a Good Option? While the desire to find the best penny stocks to buy today may be the driving force behind many one-time trading decisions, trading penny stock CFDs may offer better opportunities. CFD trading allows you to take advantage of the rise and fall of a stock price and use effective risk management tools, including stop-loss orders. Diversifying a Portfolio: Diversification helps spread risk and can contribute to a more resilient strategy, especially when different markets may respond differently to economic events. Capitalising on Stock-Specific Events: Forex traders can leverage their existing skills in analysing global events and apply them to individual stocks, taking advantage of price movements triggered by earnings reports, product launches, or other company-specific developments. Exploiting Correlations: Identifying positive correlations between certain currencies and penny stocks from specific sectors or industries can potentially amplify returns during favourable market conditions. Negative correlations can help hedge risks. Conclusion While forex and penny stock markets share commonalities in terms of the potential for high returns and the necessity for risk management, they diverge significantly in their market structures, liquidity, and regulation. Traders must weigh all the relevant factors to navigate these distinct markets effectively. Looking for trading opportunities? You can open an FXOpen account and apply your trading strategies to over 600 markets. This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
NASDAQ:DTILEducation
by FXOpen
3