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πŸ“ˆπŸ“ˆ Bullish Stocks Under $10 for the Week of 8.12.2019 πŸ’΅πŸ’΅

What Is a Penny Stock: A penny stock refers to a small company's stock that typically trades for less than $5 per share. Although some penny stocks trade on large exchanges such as the New York Stock Exchange (NYSE), most penny stocks trade via over the counter (OTC) transactions. Transactions take place through the electronic OTC Bulletin Board (OTCBB) or through the privately-owned Pink Sheets. There is no trading floor for OTC transactions, and the quotations are also all done electronically.
The desire to make a quick killing in the stock market draws many inexperienced investors to trade in penny stocks. Unfortunately, this also means many people lose their money in the blink of an eye.

Why would anyone take on this type of risk? As the saying goes, “the higher the risk, the higher the potential returns.” If invested in the right companies, penny stocks can provide enormous returns. So if you’re comfortable with the risk versus return trade-off, and understand that you could lose your money, penny stocks could play a role in your portfolio.

Bullish Basics:  Although nobody’s really sure where the investor slang originated, a bullish stock is one with consistently rising prices over the long term. It’s not quite as simple as straight-line growth, however: A bullish stock’s value may rise and fall periodically, but every time its value peaks, it’s at a higher point than the previous peak. This is also known as “ascending tops,” although that phraseology isn’t nearly as flashy, so you probably won’t hear many on-air analysts use it. Because of their continued growth, bullish stocks are good investments.

Bullish Markets:  Just like a single stock’s growth can be bullish, the market can be described as bullish as well. Typically, investors reference an index, such as the Dow Jones or NASDAQ, and examine its peaks as a measure of the entire market’s health or performance. Bull markets display price graphs with ascending tops and are associated with periods of economic growth. Bull markets don’t necessarily equate to bullish stocks across the board, and individual firms’ stocks may under-perform the market, just as some stocks are bullish when the market isn’t.

Jonny Red's Penny Stock Trade Thoughts Below:

The below listed Penny Stock Tickers are all those that meet the criteria of the scanner.  These are tickers that need to be watched and analyzed at Market Open to see if they will continue their Northern Momentum

All of these tickers close today with 3 consecutive Green closes. I typically always look for penny's stock plays that have 2 to 3 consecutive GREEN days, and at least 800k+ in volume.


Transparent Traders Daily Used Stock Screeners Found Here ---> Click HERE

  • XXII - This one has plenty of room to move more.  RSI sitting at 55, and im looking to ride this to the top of the Bollinger Bands.
  • AMAG - Earnings were horrible last week, but am planning on watching how it trades on Monday to see if it can move North more.  I like the chart setup right now.
  • ERF - Nice earnings, chart setup is nice.  This is one to watch for continuation of the northern movement this week.
  • UXIN - Possible swing trade, looking for it to test the high of 2.80.
  • FRGI - Nice earnings call, looking to swing to the top of the Bollinger Bands.
  • XOG - If this continues like last week, will look to swing trade, as i think we will be testing the high of 4.60.

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