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Triple Top MGI Chart...Needs MOMOOOOInteresting take on the new Apple event this week. Expanded app store, more iPhone hype, new MGI App. Now it just needs momo. Chart's looking at another possible top here. Testing this level for the 3rd time. Was previous resistance but might be a matter of momentum igniting a run if and BIG IF, it comes in. "The company has gone through an evolution over the last few years to meet the requirements of today’s digital world. It saw the expansion of the company into cryptocurrency options as well as new partnerships with larger outlets. The P2P payment and money-transfer company gave its latest update on September’s monthly performance...More ways of accessibility via pad, phone, watch, and more. Could this bring new opportunities for MoneyGram to gain more customers through ease of access?" Original Article: What Could The Apple Event Mean For Penny Stocks? 3 To Watch
M
by PennyStocks101
Gnus trend reversal - Learn to not be a bag holderTrend reversal and volume increase with significant golden cross on hourly. You guys saw what happened last time I noticed these things on this ticker. It went from $1.30 to $11. Now I am not saying that will happen again but the chart and my research on the company is very solid. I will not do the research for you but I invite you to read through ALL of the company's press releases and shareholder letters. Even the very old ones. I also invite you to go look at my previous TA's on GNUS which I have attached to the "related ideas" bar. I believe there is quite a bit of upside here but it will be volatile so do not chase. If you decide to enter do so on a pullback. (Rant below is mainly for new traders or traders who are struggling to understand how this stuff works but I am sure even experienced and profitable traders can gain something from it.) This is the most underestimated stock in the market right now. If you followed my first TA when it was $1.31 in may before the big run up, hopefully you took profit anywhere from $2 to $11. You must always take profit even if it means just selling a portion of your position, this is not a game. You must learn to manage and lower your risk. That being said gnus is far from done imo. Too much fear brought the price way down and the MM's love it because they got to reload for dirt cheap after dumping all of their shares on chasers. I sold at $3, $5 and $7 on the first run up which where my targets when I did the TA. ( It is still up and is called "GNUS breaks 4 year bearish trend with violent move on volume") if you want to check it out. Now I did not catch the top but I made a hell of a profit regardless (best swing tade of the year for me). What would have happened if I just held? I would have lost ALL of my profit. This is why you MUST always take profit. Now I am loaded back up with only a portion of the profit I made on the initial run with an avg of 1.07. I already sold a third of my new position at $1.40 to lower risk and I will sell another portion of my position if it strikes $2 and re-evaluate from there. You need to buy when the MM's are buying which they have been massively the past month according to dark pool and LVL2 data. Then you need to sell BEFORE the MM's unload. At least scale out of the trade even if you whole heartedly believe it will continue. If it doubles, do not be afraid to sell half and secure your initial investment. If it triples in a short period of time then sell all and wait to re enter later. Most of the time MUCH later. (months) Even if you get a 2% to 10% move on a stock you should consider selling and moving to the next play unless you have researched the company diligently and want to turn it into a long swing trade or investment. PROFIT IS PROFIT!!! Moves like the one you saw with gnus almost ALWAYS pull back massively. You can be a profitable trader. It is not as hard as most people make it seem. Learn to be disciplined and learn to STOP trading and investing with emotion. REPLACE THE EMOTION WITH LOGIC. REPLACE THE IMPATINCE WITH PAITENCE. MAKING THE RIGHT ENTRY IS CRUCIAL. BUY THE FEAR. SELL THE HYPE. RESEARCH DIGELENTLY. MOST IMPORTANTLY STOP CHASING!!! Do these things and watch your account turn around. I am tired of seeing good people lose money over stupid mistakes. You must learn to control your emotion and never let them control you. /rant THIS IS NOT FINANCIAL ADVICE I AM NOT A FINACIAL ADVISOR THIS IS NOT A RECOMENDATION TO BUY THIS STOCK
GLong
by UnknownUnicorn6673904
AXAS ABRASXAS PETROLEUM 2 indicators same timeframeI bought this penny stock at 0.1475usd due to the signals of these 2 indicators. I just waited for a bounce in order to enter with a moderate leverage on trading212. With a 27.731M MARKET CAP, ABRASXAS PETROLEUM is one of the cheapest petroleum company that you can buy right now. They also have a debt of -65.004M, so the bet is very risky. If you are interested to test these amazing BUY and SELL INDICATORS, which give the signal at the beginning of the candle, not at the end of it, just leave me a message.
ALong
by TopgOptions
2
Will MBTN close this week with an ok, good or GREAT performance?This week, Meyer Burger exceeded all bullish expectations and crushed resistance after resistance. Starting monday morning at shy 0.2470, Meyer Burger did not just cut itself through the 0.27 resistance as it would be butter, it also even overshot the blue channel forming since the corona crisis. Meyer Burger's price did not stall until over 0.33 which was a weekly gain of about +35% (!). Understandably, at some point there were not enough buyers anymore for this moment. Hence, the price is today retracing a bit from the high of 0.3340 (!) to currently 0.2844, a seemingly horrible day with a loss of -8.99%, but one has to remember it is still a great performance of +15% for this week. Possible closes: price > ~0.29 / the blue channel -> GREAT 0.29 > price > 0.27 -> GOOD 0.27 > price > 0.25 -> OK Summarized, as long as the price stays over 0.27, it's a very bullish sign technically speaking. (So watch that level in the next time)
SIX:MBTNLong
by nico14
1
Pretty Regression Band BYOC #OTCMarkets #OTC #PinkMarket $BYOCBYOC has hit a TD Seq9 in red on this 6hr chart , it did this recently as you can see on the chart and had a nice rise within that regression band (( in blue and pink ) . Our rsi here is touching the blue line at 34.00 . This seems like a fairly good one - with a resistance above us at .001743 and the price now at .001050 it could be going there . The Macd is harder to read here but all in all it looks ok . Be aware that this is OTC penny stock Pink Markets and it's extremely volatile . Please DYOR - do your own research .
OTC:BYOC
by shimmeringpath
10 Mid to High Risk Stocks for my Breakout WatchlistImagine holding SPI as a penny stock, selling it at 7% draw-down, and few month after waking up to see it somehow have went up 4000%? While I do think there might be a possibility of foul play or might not, I have obviously made a mistake. This lead me to create this list of ten stocks I am watching from the sidelines, that I may do a breakout entry for. These are mid to high risk, and the drawdown can be severe. Volatility is not for the faint of heart. JMIA has a lot of high growth potential, and I feel like it just needs to break the resistance curve. SLNG is not too high risk of an OTC stock if you are wanting to invest a bit in that sector. SXTC may be somewhat of an oversold penny stock. Hudson Capital seems like a dip in the real estate space. I also think it may have around the same potential as CBL, but I rather trade something new. RZLT is a biopharma play that I think may be underrated. NWGI has a decent buy target by many analyst (so I heard), and is in a trending market segment. Remark Holdings already had many dips and so did BBI. I think the current entry is one of the more decent ones. Adomani may be oversold, and they recently updated their executive team in which I am on the fence. While I think they need to start looking less at buses and more on expanding the electrification tech they have, I still think for the price they are, definitely has somewhat some long term potential. $TAKOF is extremely dirt cheap and underrated in my opinion. I think this is one of the more worthwhile "gambles". That being said, invest at your own risk and do your own due diligence. Please consider everything I say "as is" or on an opinion based basis. This is not meant to be taken as actionable financial advice.
NLong
by gamer456148
1
100% Copper ? XFLS - Xfuels #OTCMarkets #PinkMarket #OTC Possibly going to a penny ? As you can see XFLS ( or Xfuels ) is about a third of a penny right now at .0034 .Also we are inside that colorful Fib Circle indicator ! We are in the purple band of the circle , as you can see . It's a bullish band that should lead us up . But how high ? Possibly to a penny or higher . You see the Ichimoku cloud is above us but there is a strong resistance just under a penny at .009 . It's very possible to go there and wick up to 1 penny - which is right near that blue X on the chart . Maybe we get turned back at 1 penny and don't go through the cloud . But what if we go through the cloud ? It's possible to see 2 cents , 3 cents , 4 cents . It's hard to say as Penny Stocks are very volatile . Please be careful and DYOR - do your own research . But this looks pretty good to go up in the near future .
OTC:XFLS
by shimmeringpath
$4672.50 in 2006 to $6.00 - Huge Demand, Robust EarningsPacific Ethanol, Inc. produces and markets low-carbon renewable fuels and alcohol products in the United States. The company operates in two segments, Production and Marketing. It produces and markets ethanol; and co-products, such as wet and dry distillers grains, wet and dry corn gluten feed, condensed distillers solubles, corn gluten meal, corn germ, corn oil, dried yeast, and CO2, as well as markets ethanol produced by third parties. The company also offers ethanol transportation, storage, and delivery services through third-party service providers. It sells ethanol to integrated oil companies and gasoline marketers; distillers grains and other feed co-products to dairies and feedlots; and corn oil to poultry and biodiesel customers. The company owns and operates nine ethanol production facilities, including four plants located in the Western states of California, Oregon, and Idaho; and five plants in the Midwestern states of Illinois and Nebraska. Pacific Ethanol, Inc. was founded in 2003 and is headquartered in Sacramento, California. I think this is the beginning of something huge. As I noted, the stock hit a high of $4672.50 in 2006. Demand for Alcohol products in the United States and around the World is outstripping supply as can be seen in Pacific Ethanol's last earnings report below. The company continues to pay down its debt too. August 11, 2020 Shares of Pacific Ethanol (NASDAQ:PEIX) moved higher by 38.29% in after-market trading after the company reported Q2 results. Quarterly Results Earnings per share rose 258.82% over the past year to $0.27, which beat the estimate of ($0.20). Revenue of $212,074,000 beat the estimate of $174,200,000. This is a pure turnaround play in my opinion with a lot of room to run a lot higher. Daily Chart is Bullish with most indicators trending up, Bullish The stock continues to make new 52-week highs. Long! DISCLAIMER The Content herein is for informational purposes only, you should not construe any such information or other material as legal, tax, investment, financial, or other advice.
PLong
by HotCharts
BrainChip Holdings (ASX:BRN) - What I see happening from hereLooking at the chart today from BrainChip ( ASX:BRN ) I can see they it has a couple of potential directions from here. Over the last week or so, the stock has been retreating back from its highs of close to $1.00. Overall though, I can see 2 possible scenarios. Scenario A Holding current levels (which look good considering the 61.8 fib line placement) here could see a price grab back up to above $0.50. Holding there would mean BrainChip is still maintaining an overall uptrend and also holding above the 50 fib line. Breaking through the next level of resistance at $0.64 is critical for recover efforts. A bullish scenario overall with some risk. Scenario B Failing to hold here would mean a fall back to previous support and older trend line around $0.34. A note here though that the old trend line has less touches, so holding it is yet to be determined. However, the fact that we have a trend line and a support line means we might see a bounce. Options If I was looking to gain entry, I can do so immediately, however I would be prepared for further volatility. A further fall back to $0.34 could mean a need to top up the position with more cash. I can also choose to wait for one of the following scenarios: - A clean break up and out of $0.64, signalling a much stronger bullish case. - A break down and a hold at $0.34, signalling a position of relative safety to begin investment. Risk Management I can deploy risk management techniques including limiting the percentage exposure to this stock, applying a stop loss if it falls too far or reserving cash to purchase lower entries and reduce my average, should I want a long term position. Hope this analysis helps! Note - this is a record of my thoughts for personal use only. Nothing here should be taken as financial advice. Investors and traders should always do their own research before buying or selling assets.
ASX:BRN
by glennleese
23