16 Apr

No Volatility? No Problem. Penny Stocks Thrive In This Environment


Stocks caught a bid this morning, as they continue to march to all-time highs. However, that’s not why I’m so bullish on trading on penny stocks…

The reason?

Despite it being earnings season, volatility is collapsing, and stock volumes are drying up in most large and mid-cap names. For most day traders this market is like watching paint dry…

That said, the only thing really moving right now are penny stocks and small-caps.

And you know what?

That’s awesome for us because we specialize in trading catalyst driven penny stocks. You see, while most of the market is dying…penny stocks are thriving…

…and traders who typically don’t trade them… will be at a significant disadvantage against us.

For example, Jason Bond Picks Premium and Millionaire Roadmap clients received my watchlist hours before the market opened.

Now, it doesn’t happen every day (but often enough) that included in today’s watchlist, is one of the fastest movers of the day, Rewalk Robotics (RWLK)

(I’m hosting an exclusive all-day a live trader training with Nathan Bear on Thursday, you’ll receive an invite today if you’re a JBP client)

And how about yesterday’s alert in PRPO, how is that doing?

Just fine… if 100% overnight gains are your thing…

(Do you need real-time alerts like this one in your life? Just give me 90 days, and I’ll make you a better trader)

The cool thing about these trades is that they are not one-offs. In other words, we’ll see these patterns again… and we’ll look to take advantage of them.

I put together some charts and a more in-depth analysis on RWLK, FTFT, UXIN, and so much more.

Read on to learn more.

Patterns for Penny Stocks Trading

There are three exhibiting patterns that I teach to Jason Bond Picks and Millionaire Roadmap clients.

If you don’t already know, two of my patterns are the fish hook and rest and retest (Fibonacci retracement).

Now, one of the penny stocks on my radar today was ReWalk Robotics (RWLK) –  it opened up 30% higher… and I let Jason Bond Picks and Millionaire Roadmap clients know about this trade idea. This stock has been beaten down recently, and it’s in oversold territory.

If you don’t already know, this stock conducted a reverse stock split, and a secondary offering. However, the secondary offering was so small… but it had a 1 for 25 reverse stock split… meaning there is just a small number of shares floating – making it a potential short squeeze.

Here’s a look at the hourly chart over the last 10 days.

Notice how the stock had a relative strength index (RSI) below 30 – indicating it’s been oversold. However, it’s just breaking above 30… and the stock was just starting to catch a bid. Here’s what I sent out to Jason Bond Picks and Millionaire Roadmap clients.

Here’s a look at what the stock did at the open.

If you don’t know these patterns and why they’re so powerful, get started here.

Check out the daily chart on another stock I’m watching – Future FinTech Group (FTFT).

This is known as the rest and retest – also known as the Fibonacci retracement. With the Fibonacci retracement play, the stock should rise significantly, which FTFT did… and pull back to a key Fibonacci area. Now, FTFT is right at a Fibonacci support area – and the play here would be to buy above $1.40 headed into the middle of the week. This is an ideal setup for a play back to the upper $1 area.

The third stock I’m watching just caught a bid… it’s not quite the fish hook pattern or oversold. However, we were watching the $3 level – where the stock had a multiple bottom.

If you look at the email snippet from earlier, you could see the alert there… currently it’s trading nearly 10% above that level. Now, we’ll be keeping an eye on this one in the Millionaire Roadmap chatroom.

That said, if you’re ready to get started, and receive my trade alerts in real-time click here. Furthermore, if you sign up today, I’ll invite you to a free all day trader training this Thursday (yes, during market hours). You’ll get a chance to chat with other MRM clients. Also, you’ll be able to watch Nathan Bear and myself trade, teach and give you real-time alerts. If you’re not a client yet and would like to attend this exclusive event, sign up before Thursday.

1 Comment

  1. Timi Jeboda

    Am in the JB penny picks. I see the txt and still miss the move on the $$$$. I need to leave my JOB.
    so frustrating. I need my turn for real profit$$$


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