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0:59 Criteria 1 & 2- Premarket above average volume analysis, daily chart $NSYS $VLRX $CLSN
3:29 Daily chart analysis- historical behavior, dilution chart $TRNX $PSTV $APDN
6:07 Criteria 3 – Low float stocks, key to finding penny stock runners $BPTH $SES
8:31 Criteria 4- Potential penny stock dilution, reading SEC filings $CGIX $PSTV $APDN
There are 4 KEY things you must look out for before buying a Penny Stock gapper that could potentially run… This is crucial especially if you’re trying to grow a small trading account!
FOUR KEY CRITERIA before buying a penny stock gapper
1. Stock has to be trading with above average volume premarket
-Penny stocks gap up on thin air will not hold, and will most likely sell off at the open.
-You need unusual trading volume to push the stock
2. Daily chart
-We need to see the daily chart has a lot of upside for the stock to run
-Do your planning and draw support and resistance levels on the stock
-Daily chart will also tell you the past behavior of a penny stock, whether if can hold the gap and continue for multiple days… or sell off after each run
▶️How to draw support and resistance lines
3. Low float
-Stock float is the amount of shares outstanding to be publicly traded.
-Floats under 5 million are usually most likely to spike and run when there is above average volume
▶️How to Day Trade Low float stocks
4. Potential offering and dilution on penny stocks
-It’s crucial to read SEC filings on the penny stock gap ups to see if there are overhead selling pressure
-Most penny stocks have down trending charts due to past reverse splits, offerings, and pumps
-Reading SEC filings for penny stocks can save your trading account! Examples are $PSTV $APDN $CEI $YRIV
▶️How to read SEC Filings for Penny Stocks
How to find & buy Penny Stock Runners 2019? Reverse Split Strategy
How to grow a small Account Day Trading?
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DISCLAIMER: I am not a financial adviser nor a CPA. These videos are for educational and entertainment purposes only. Investing of any kind involves risk. While it is possible to minimize risk, your investments are solely your responsibility. It is imperative that you conduct your own research. I am merely sharing my opinion with no guarantee of gains or losses on investments.
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