This penny stock looks ripe for takeoff! 🚀$BLSP
Let's just talk technicals first. We can see that this stock is on an upward trajectory, retracing to the 21 EMA like a plethora of momentum stocks out there. It has created two perfect bullish pennants (or bull flags depending on who you talk to), perfect for the continuation play. You also have hidden bullish divergence between the price, the RSI and Stoch RSI.
From a fundamental standpoint Blue Sphere Corp. has seen impressive sales growth going from $588K in 2016 to almost $11 million. They specialize in transforming millions of tons of agricultural, municipal and industrial waste into sustainable clean energy, which is perfect for the environment created by the new administration in the US.
It's always important to remember position sizing, regardless of how bullish we may be on a stock; this is especially more poignant when talking about penny stocks where small ticks can represent large percentage swings.
From a fundamental standpoint Blue Sphere Corp. has seen impressive sales growth going from $588K in 2016 to almost $11 million. They specialize in transforming millions of tons of agricultural, municipal and industrial waste into sustainable clean energy, which is perfect for the environment created by the new administration in the US.
It's always important to remember position sizing, regardless of how bullish we may be on a stock; this is especially more poignant when talking about penny stocks where small ticks can represent large percentage swings.