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Alias Born | 11/20/2015 |
Thursday, April 28, 2016 9:32:36 PM
Micro~pennies tend to be more about support and resistance lines defined by the candlesticks, and less about moving averages or bollies. Though, market cap is still a factor when determining proper pps, along with the fundamentals. Also, institutions rarely even look at Micros, if at all. Usually stocks no less than 30 or 40 cents.
The stocks I had previously mentioned are currently trading under a dollar, with one currently trading at 1.40. The latter is the one with the $8 target.
I'm also waiting for one to retrace under 90 cents, which has the potential to hit $8 short term (possibly within days after an event), and $25+ in a slightly longer term.
I also have a few stocks on my list that are under a dime, exhibiting tremendous growth. These tend to have predictable trading patterns. The point is, there are different types of stocks which require different methodologies. They suit different types of traders, unless of course you are skilled enough to identify them all.
I won't share my personal targets, particularly when naming the stocks. Don't expect the reverse.
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