Hello Trader53!
Newb here, so please pardon my question. I will be spending a good portion of the holiday break reading through the awesome information you have on this site. I have been trading pennies for around 6 months now and learning as I go. So far, so good. I was long in the MJ sector and stayed there until recently pulling out during the big decline. I came across your message board last weekend while trying to decide what to do next.
I certainly want to trade with a base of technical understanding to help offset all of the emotion and irrational comments I see both pro and con on the individual stock message boards, good grief!
I took positions in both of these stocks you suggested on Monday. Up on both so far, excited about the possibility of them climbing. Now I am trying to better understand why they could climb.
One question is regarding your provided price targets. How are these projected? Are those the high points of each anticipated upcoming impulse wave with the last being a calculated plateau prior to decline? I am confused that RDAR has 2 targets, while UHLN has 4?
Is the sideways accumulation of a penny without any news the trigger you use to consider recommending a stock that on the surface does not show any reason to climb from a news standpoint? Almost as if those that are in the know of something brewing have started accumulating at the bottom with anticipation of some catalyst on the horizon?
I appreciate any guidance you are willing to share, thank you so much.
Strummer7
