are these the best nasdaq penny stocks?
out of 29
Post on 08-Aug-2015
Embed Size (px)
- 1. Penny Stock Research The Truth About Penny Stocks
- 2. Welcome to Penny Stocks Research. Every day we bring you the unbiased truth about Penny Stocks. For more information on penny stocks please visit our website PennyStockResearch.com
- 3. Hi, My name is Aaron and Im with Penny Stock Research, today were reviewing our recently published article
- 4. Are These The Best NASDAQ Penny Stocks?
- 5. Are You Watching These Penny Stock Charts!
- 6. Ok. Lets look back in time Not far, just go back with me about 3 months.
- 7. Back in Early March I wrote an important article about a particular penny stock chart every trader needs to watch. That article: What Stock Charts Technical Analysis Can Tell Us About The Penny Stock Markets touched on some important topics.
- 8. Here we are a few months later and its time to refresh the chart and take a look. If you remember the best sources to track the overall performance of the penny stock market is the Russell 2000 index.
- 9. Its not perfect it tracks lots of stocks that are way too big for our penny stock investments. However, its the closest thing we have to a penny stock index. And it has a long track record.
- 10. The Simple Way To Review Penny Stock Charts
- 11. As you know, there are thousands of ways to do technical analysis and I like to keep it simple.
- 12. I watch the index and its 200-day moving average to track the overall trend in the market. And every few weeks I look back at the data to make sure I didnt miss anything.
- 13. Back in march the 200 day moving average had just started trending higher The upslope was undeniable. After a few months of sideways trading the trend ticked higher
- 14. And I said: We still have room to run on the markets for Penny Stocks! And I was right. The market climbed from 1228 to 1257 where it sits as I write this article. Thats a 2.3% gain in just a few months. Just look at the chart
- 15. So Whats This Penny Stock Chart Mean For The Future Of Penny Stocks?
- 16. Ask yourself, whats the future of penny stocks? Many will look at the chart and say, weve gotten ahead of ourselves. The market is too high and ready for a pull back.
- 17. Why? Because if you look at the index its trading a solid 70 points above the 200 day moving average. Many may think thats too much.
- 18. Are they right? Maybe maybe not. Just look at this $RUT chart from 2013.
- 19. As you can see, in early 2013 the index surged above the 200 day moving average and continued trading higher and higher and higher for almost 16 months!
- 20. If you got scared out of stocks because the index was trading too high, you missed a massive run in penny stocks. Might we see the same thing here?
- 21. Its impossible to tell but I will say this the trend is higher and until we see it break down and head below the 200 Day moving average my bet is for penny stock to continue to thrive!
- 22. What Do You Think?
- 23. You see the chart you see the data and the news. Do you think were poised for a pullback? Or Are we going to surge higher?
- 24. What do you think? Let me know comment on the blog below. Good investing.
- 25. Want More from Penny Stock Research? Follow us on Social Media
- 26. Want more FREE information on Penny Stocks? PennyStockResearch.com Get Your FREE Report Now
- 27. Penny Stocks Exposed CLICK HERE READ THIS FREE REPORT! Three Huge Mistakes That Can Cost You All Your Money!
View more >
Penny Stocks – The Potential of Trading Blog: http://www.besttradingidea.com Presentation of Roberto La Bella Forex & Penny Stocks Trader
Walker's Manual of Penny Stocks, 1999, Walker's Manual ... ?· Walker's Manual of Penny Stocks, 1999,…