Penny Stocks
Discover top penny stocks under $1 with our free scanner and trading insights
About Penny Stocks
Find the best penny stocks to watch and trade with our free scanner. Get real-time data, volume filters, and gainers/losers lists to identify high-potential stocks. Learn about the benefits and risks of penny stock trading, including low-cost entry, high-return potential, and diversification strategies.
FAQ
Support is the lowest level of a stock's trading range, indicating a potential buy signal when the stock approaches it. Resistance is the highest level of the range, signaling a sell point when the stock nears it.
Identify the lowest and highest points of a stock's trading range over time. For example, if a stock fluctuates between $1 and $2, $1 is the support and $2 is the resistance.
The breakout strategy involves buying a stock when it moves above its resistance level with strong volume. The former resistance becomes the new support. Always use a stop loss and set a profit target.
After a stock breaks out and then pulls back to the new support (former resistance), it can signal a buy opportunity. Set a stop loss below support and a profit target to manage risk.
Cut losses when a stock drops below its support level, especially if trading volume is high. This indicates a bearish signal, and selling can help avoid further losses.
Most penny stocks drop significantly after big moves. Setting a profit target helps lock in gains and prevents holding a stock too long, reducing the risk of turning profits into losses.
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