Welcome Nina. I look for stocks near the 30 RSI with a stoch cross, or near it, with signs of the RSI bouncing off the 30 range, or coming out of the 30 range.
Stocks that have RSI's well below the 30's have more issues than not.
Most penny stocks have issues. But, when played right, you can make big returns. Most penny stocks financially will never make a penny.
But, we don't care for most part. We play da charts and momentum, or intraday bouncas.
Many times, I have no clue what these companies do other than sell stock, but when they're done selling, and timed correctly, I can get a 100% bounce or more at times.
Dats why I'm here.
Dats right.
EZ
To succeed in life. Share your wealth. Help others. God Bless.
EZtradin