2 week getting a bounce off of support off expanding channel.
2 week also firing green.
Next need to see what looks like on smaller timeframe for key levels.
I like this setup.
Look at volume.
Will update below.
***If you're trading with my strategy please make sure you have LOG turned on bottom right of chart for every chart.
2 week also firing green.
Next need to see what looks like on smaller timeframe for key levels.
I like this setup.
Look at volume.
Will update below.
***If you're trading with my strategy please make sure you have LOG turned on bottom right of chart for every chart.
Comment:
Comment:
32 - 43 cents is Resistance.
Potential double bottom off that major support I showed above.
You want to play those breakouts.
Remember the key is to diversify your capital in multiple positions.
Penny stocks I look to do 2.5% - 5% based on the industry.
Their is high risk with penny stocks and usually their is no good size on the books so if you buy to much you can get trapped.
I'd look to add a little as we break up with a stop loss at previous levels.
We are in a tight pennant testing for a breakout.
If breaks down out of that squeeze than look for buys around 20 cent with a small limit around that long wick to 15 cent
Potential double bottom off that major support I showed above.
You want to play those breakouts.
Remember the key is to diversify your capital in multiple positions.
Penny stocks I look to do 2.5% - 5% based on the industry.
Their is high risk with penny stocks and usually their is no good size on the books so if you buy to much you can get trapped.
I'd look to add a little as we break up with a stop loss at previous levels.
We are in a tight pennant testing for a breakout.
If breaks down out of that squeeze than look for buys around 20 cent with a small limit around that long wick to 15 cent
