Alright... All set for 7.50?Looks like it wants to hit 7.50 where it can meet its first resistance. If it holds 7.50 and break above it, then next target is 12. Huge volume recently and chart looks bullish, oversold, formed a bottom and looks like a U-shaped recovery.
Pennystocks
NECCLTD LOOKS GOOD ON MONTHLY BASICS Disclaimer : This is strictly for educational purposes only. Please don't take it as investment advice. Stock Market Investment are very risky & subject to Market Risks. Use your discretion & consult your financial Advisor before investing.
NECCLTD MARKET CAP ONLY 154 CR SO PLS DON'T AGGRESIVE ON THIS STOCK .
PROMTER HOLDING INCREASE ON EVERY YEAR
NSE: NECCLTD is closing last month with a bullish breakout candle supported with volumes also show higher high , higher low formation on monthly chart . This volumes and candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days or Month . #stockmarket #stocks #investing #trading #investment #money #finance #stock #invest #nifty #investor #business #sharemarket #financialfreedom #bitcoin #trader #cryptocurrency #entrepreneur #sensex #daytrader #stock #wallstreet #wealth #nse #forextrader #bse #stockmarketindia #daytrading
If you like adrenaline this is for youVery nice rounding bottom. Super volatile stock so give it a wide SL and wait until the weekly candle closes to trigger it. Price has been consolidating since Jan 2022, it tried to break out on June this year and I think is goin to try again. Use limit order for TP.
Stranger thingsI have been holding this loser for months waiting for a miracle (small position). Finally looks like it's doing something. Price is poking the upper vertex and squeezing into the wedge. I already have a position, if you want to jump in buy a small amount and add a bit if pulls back. Lines show only the closing week, SL triggers when the weekly candle or bar closes under the support. Use trailing stop or limit orders to take profit. This thing moves very fast.
IMPP a volatile penny oil/energy LONG pre-earningsIMPP is rising from its lows of July after falling from a triple top in June at 3.8 which is
the target for a long trade. Price is now above the POC line of an intermediate term volume
profile having crossed the mean VWAP line anchored at the share split (purple and thick black
lines respectively). Price bounced off the first negative standard deviation line making this
a VWAP band bounce. The MACD lines are upgoing and so diverging. I see a stop loss of
0.2 as compared with a profit target of 0.6 making this setup a r:R ratio of 1:3. I will go long
here also knowing of the rising energy sector supporting this ticker. This stock is a retail
trader favorite when energy is" hot". With earnings in the morning, for me this is a no brainer
to buy in the premarket and if rising complement with a call option. If you want my idea of
a good call option, please ask in a comment.
GOEV a niche EV manufacturer LONGGOEV does not compete with TSLA. It makes special use electric vehicles
including a NASA contract apparently for vehicles to be used upon the return
to moon exploration. As a penny stock, GEOV has weak fundamentals
coupled with high trader and investor interest. Large capital institutions
have a predominant portion of the shares.
On the 15 minute chart. GOEV trended up from July 14th to Ju;y 19th and
then down to about the same price as before then trend. This was a range
of 50% demonstrating the typical high volatility of penny stocks. Based on
a set of anchored VWAP bands originating in mid- April, GOEV is currently
near the mean long multi-session VWAP. Since many shares are held by
institutions this is a price level where trading volume and volatility are
expected.
I will take a long trade here. The stop loss is the recent swing low at $0.59
with a target at $0.737 just below the POC line of the related
volume profile from an entry-by-limit order at $0.613 making for a projected
profit of 20% with a much lower risk. For chartists who follow chart patterns,
in the interval under analysis, GOEV fell from a head and shoulders pattern.
My target is the neckline of that pattern.
GOEV benefits from the general interest and trading volumes in the EV sector
at large as well as its niche with little competition.
VPLM - Powerful Descending TriangleEvery time we have a consolidation this last year we end up breaking out on rumors, running up higher than necessary, then crashing back down on GOOD NEWS. Last time it was a settlement issuance but things are in a NDA. There is an insider selling on this one but its very low of % compared to what the individuals own.
We have a great descending triangle with lawsuits coming up in Oct. Dare I predict that we will soon again have rumors of something? This would match well with the descending triangle and the volume that is coming in as of late.
Did I mention we also have a nice hammer candle on daily and 3 day?
Regarding recent news (via yahoo):
The cases vs Verizon and T-Mobile continue to move forward with trials scheduled in October.
“This is all very good news!” said Emil Malak, CEO of VoIP-Pal. “Our team is very pleased with our progress to this point. As a result of the termination of the section 101 motions in NDCAL and 8 IPR’s, we have managed to consolidate our many legal battles and can focus our resources and efforts towards getting to the finish line. We can now see a clear path to what we hope will be a fair resolution for all our shareholders. Patience is a virtue.”
Not financial advice, DYOR
Why Penny Stocks is a Trader's NightmareLet me start off and say.
Penny Stocks have a lucrative and solid place for investors who buy and sell shares.
But not just any investors.
Well informed, researched, savvy and highly understand fundamentals.
Penny stocks for a trader though – Ah no!
Those shiny little nuggets of the stock market that promise vast riches for a small investment, can often turn into a trader’s worst nightmare.
Here’s why…
Reason #1: The Roller Coaster Ride: High Volatility
Penny stocks are notorious for their high volatility.
One day they can skyrocket and plummet the next.
These stocks are like riding a financial roller coaster without a safety harness.
No matter where you put your stop loss, it can trigger within a second.
And this extreme price fluctuation, can be dangerous for traders.
The unpredictable nature, can lead to rapid and substantial losses.
Reason #2: Stuck in Quicksand: Low Liquidity
Volume is another caveat.
Liquidity refers to the ability to quickly buy or sell (flow in and out) of a stock without significantly impacting its price.
Penny stocks often lack this characteristic.
Some penny stocks volume is SO low, that it can take months or even years to move in price.
This means, once you’re in, you might find yourself unable to exit your position.
Instead of flowing in and out of a trade (like a blue chip), you’re stuck in quicksand. Quite the oxymoron!
Without a healthy volume of trades, penny stocks can become a trap, a nightmare for any trader.
Reason #3: Walking a Tightrope: High Chance of Bankruptcy and Liquidations
Investing in penny stocks is akin to walking a financial tightrope.
These companies are often at a higher risk of bankruptcy and liquidation.
This is because of their lower levels of regulation, credibility and inherent instability.
And the issue with a less regulated penny stock company, is that it allows for less transparency.
This makes it difficult for investors to drill into the true company’s health.
The high risk of bankruptcy further amplifies the nightmare.
Reason #4: Battling with Giants: Lacking the Strength of Blue-Chip Companies
Penny stock companies are typically not well-established businesses.
They lack the strength, stability, and track record of blue-chip companies.
And without you doing the right research, it can leave them susceptible to market fluctuations and economic downturns.
Investing in these companies can feel like bringing a pebble to a boulder fight.
You’ll struggle to hold your ground amidst giants.
Reason #5: The Race to Zero: The High Failure Rate of Penny Stocks
It’s an unfortunate reality.
Most penny stocks are more likely to crash and burn than to soar.
Because of their weaker fundamentals and instability, they are more likely to head to zero – than a blue-chip company.
So let’s sum up the reasons why penny stocks is a traders nightmare:
Reason #1: The Roller Coaster Ride: High Volatility
Reason #2: Stuck in Quicksand: Low Liquidity
Reason #3: Walking a Tightrope: High Chance of Bankruptcy and Liquidations
Reason #4: Battling with Giants: Lacking the Strength of Blue Chip Companies
Reason #5: The Race to Zero: The High Failure Rate of Penny Stocks
If you’re a savvy investor or you have someone great to follow, go for it.
But I’ve warned you about the dangers for a trader.
5 DANGERS of Trading Penny StocksJust so you know.
I believe if you’re following a world renown and successful Penny Share expert, you’re in good hands.
They are able to spot low risk investments and guide you through the process of owning great Penny Stocks.
But as a trader , who only looks at charts – THIS IS DANGEROUS TERRITORY.
Remember, Penny Shares are high risk, high volatile, low credible companies that are LOW prices i.e. Under $1.00.
And so, I just want to write as a trader point of view five key reasons why penny stocks can be dangerous to traders.
DANGER #1: High Volatility (Jumpiness)
Penny stocks are notorious for their high volatility.
These stocks tend to experience rapid and drastic price fluctuations, often without apparent reasons.
I’m talking about companies that can jump 10%, 30% and even 70% in a day.
The lack of stability and price predictability can make it very difficult for traders to make informed decisions.
Sudden price jumps or drops can result in significant gains or losses within a short period, amplifying the risk factor.
And if you place your stop loss within a tight range, there’s a bigger chance you’ll get stopped out.
DANGER #2: Low Liquidity (Less Volume)
Think of Liquidity like the flow of water.
It tells you the ease of being able to BUY or SELL a market, without impacting too much of the price.
Once again, we look for low to medium volatility.
Penny stocks typically have low liquidity due to limited trading volume.
With fewer buyers and sellers in the market, it can be difficult to execute trades at the prices you want.
And this leads to slippage and even higher transaction costs.
Also, low liquidity may also prevent you from even entering or exiting your positions quickly.
And this can even TRAP you in an unfavourable market environment for an extended period of time.
DANGER #3: Not Established Businesses
Penny stocks are often associated with small, early-stage companies that are not yet established in their respective industries.
These companies may lack a proven track record, have limited financial history, and face various operational and market risks.
So if you want to invest in these type of companies as a trader, it’s better you do it with fundamentals, research, business models and future prospects.
If you do it purely on speculative purposes, this could be very risky for your portfolio.
DANGER #4: More Likely to Head to Zero
Yes all trading requires levels and degrees of risk and rewards.
But it is not worth it, if some petty company is doing really badly and is showing signs of going to 0.00.
Penny stocks are more susceptible to declining in value and potentially heading towards zero.
I mean, South Africa has witnessed instances where penny stocks have experienced substantial losses, which took out a ton of investors.
For example, companies like African Bank Investments Ltd (ABIL) and Oakbay Resources and Energy Limited serve as cautionary tales, where investors lost huge amounts as these companies approached or reached bankruptcy.
Talking about bankruptcy.
DANGER #5: High Chance of Bankruptcy and Liquidations
Penny stocks are also more likely to go bankrupt or get liquidated compared to a Blue-chip stock.
This is because of the nature of the companies, the inexperience, the lack of funds and structure, as well as its credibility.
Financial instability, mismanagement, or unfavourable market conditions can lead to the collapse of these businesses.
We saw this also in South Africa with the liquidation of Sharemax Investments and the bankruptcy of Pamodzi Gold Limited.
This lead investors with little to no value for their investments.
So remember this as a traders
We want low volatility, high liquidity (volume), credible companies with great reputations, track record and credibility. And we want attractive charts that work with our trading strategies.
If you want to be a savvy Penny Share investor that's fine.
But as a trader, I have given my precautions.
Would you buy this?With a Market Cap of only $63.717 Mil, Mullen Automotive seems ridiculously cheap at the price of $0.26 per share.
But what I have learned over time is that penny stocks are often priced low for a reason: because they deserve it! And usually, it is the management team's fault.
Will it be able to make a solid pump or a short squeeze before another share dilution or a reverse stock split?
Looking forward to read your opinion about it!
Fendx Technologies Inc.The trend is your friend with FendX Technologies Inc. (CSE: FNDX | OTCQB: FDXTF | FSE: E8D) strong trend line shows good potential for long term trend to stay in a bullish direction the company also has a tight float #stocks #pennystocks #fndx #technology #richtv #richtvlive
Sponsored $2500 CAD @fendxtech
FFIE-- EV Penny Stock on NASDAQ longs to go higherFFIE is the past several trading sessions had a 60% uptrend over 3 days followed by a 50%
standard Fibonnaci retracement. FFIE may be getting sympathy interest from the surge of TSLA.
The relative volatility indicator shows the spikes of volatility associated with the price
movement. FFIE is sitting midway between supply and demand zones. I will watch it for
a resurgence of the uptrend knowing that it may be dramatic but quick. I see this as an
excellent opportunity to daytrade a volatile penny stock for a quick significant reward. I am
assured in the long setup by the zero-lag MACD showing a line cross under the histogram
Can MULN reverse its decline?MULN is a stock in the EV automotive space. As recently as last year it was priced at $30-40 per
share. It has steadily declined but continues to have volatility flare-ups where the price spikes.
I understand it has a bit of a cult-like following which is not uncommon. Price has lost
50% since the latter part of May. On the 15-minute chart, price has jumped about 10% in the
past few days with increased volatility and a confirmatory trend of the lines of the MACD
crossing above the zero horizontal line. I suppose this could be a retracement /correction but
it also could be a reversal in its earliest phase. I see this as suitable for a small position risking
less than a tenth of a percent of the account. The stop loss is 46 cents or about 6-7%. This is
the recent pivot low. My first target is 1/2 of the previous decline or about $.70 with a second
target at $.80 and the final target of $0.95 knowing that $ 1.00 is a psychological level.
What a stock this has been!! This may be the best stock of 2021/22/23....potential is incredible!! I know nothing...just happy with my current 140% gains. I'm dumb too...I should be selling and making a safe position....but I'm not....on the pullback from this latest rocket...I'm trying to buy more! Anyone buying kidneys?
Pre-Market Reversal in Effect ($4.50 Entry Price?)After a strong uptick accompanied with unusual volume on Friday we're now seeing the stock reserving toward support at $4.50, ideally we should see at least $4.20 hold before resuming up ticking towards $6.30 range based on Fibonacci retracement. Share you opinion, comments are encouraged.
FULC Biotech Fib Level BouncdFULC on the 15 minute chart had a good response to favorable earnings and then retraced.
It is now bounding off the Fib 0.5 level and also confluent with the POC line of the volume
profile and the mean of the anchored VWAP. Buying volume appropriately overtook selling
volume on the reversal Luxalgo's Echo indicator, an AI predictive tool, suggests a 10% price
rise in the after-hours which is typically a busy trading period for biotechnology penny stocks.
I will take a long trade on FULC in after hours and take off a part of the position in the next
trading day and hold the rest through the weekend.
Terran Orbital Corp (NYSE: LLAP)Terran Orbital Corp (NYSE: LLAP) Q1 2023 Financial Results I like this company for the long term revenue growth potential 2.5 billion in backlog - I do not own this stock yet but I am watching it closely for a long term entry
$28.2 million first quarter 2023 revenues, up 115% year over year #llap #news #richtvlive
Over $2.5 billion and with a record 360 satellites in backlog as of quarter end
Announcing a new $87 million constellation order
Guiding FY2023 revenue in excess of $250 million
BOCA RATON, Fla.--(BUSINESS WIRE)-- Terran Orbital Corporation (NYSE: LLAP) ("Terran Orbital" or the "Company"), a leading manufacturer of satellite products primarily serving the aerospace and defense industries, today announced financial results and operational highlights for the three months ended March 31, 2023.
Terran Orbital Corp (NYSE: LLAP) Q1 2023 Financial Results
First Quarter 2023 Highlights
Generated $28.2 million of revenue with contribution from over 20 programs
Backlog of over $2.5 billion represents over 1,300% increase since December 31, 2022
Expansion of capacity on track – commissioning new 50 Tech facility
Net loss of $54.4 million improved from net loss of $71.4 million in 1Q22
Subsequent Events
Received initial milestone payment under contract with Rivada Space Networks
Awarded $87 million, 16 satellite order from a new customer
Marc Bell, Co-Founder, Chairman & CEO, said, “I am excited to announce our record recent awards and solid operational progress. Our momentum in new constellation awards and over 30 programs on contract today sets the stage for us to harvest the benefits of our strategic investments in capacity ahead of the market’s explosion of demand. We are building a new satellite production system that will have a level of scale, vertical integration, and automation not available today. Our production system is designed to deliver satellites at mass scale at the speed and quality our customers desire, at a price point to stimulate new markets, and at margins to reward our shareholders. Our newest expansion will be coming online in the next few weeks and our next capacity increase is on schedule for a fall 2024 opening.”