Top Penny Stocks List and Weekly Update: Key Takeaways
- Markets are closed today in observance of Martin Luther King, Jr. Day. Use today to STUDY!
- Metaverse is the buzzword that just keeps giving. See EPAZ and TONR.
- Promoters are part of the game, embrace it even if they’re all scumbags. See my tweet below.
- Some of the best trades fit multiple patterns in multiple time frames. See the Trade Review.
“For Every Minute You Stay on This Page, I’ll Give You $709”
- Epazz Inc. (OTCPK: EPAZ … read my analysis here)
- Tonner-One World Holdings Inc. (OTCPK: TONR … read my analysis here)
- Guardforce AI Co. Limited (NASDAQ: GFAI … read my analysis here)
Top Penny Stocks List: January 17, 2022
No matter what happens in the stock market, there will ALWAYS be promoters. One slimy example is Martin Shkreli who famously asked “Who’s Tim Sykes?”
On Friday, a judge ordered Shkreli to pay a $64.6 million fine. He was also banned for life from the pharma industry. Here’s my take…
WOW, I warned about this asshole 6 years ago: https://t.co/US09wchlgE I gotta check on my record, but now I’m roughly 23-0 vs. penny stock promoters, just like https://t.co/A3cHHNT07b they all go down & all you have to do is expect the worst out of them so you’re never surprised! https://t.co/00Hcor2kWZ
— Timothy Sykes (@timothysykes) January 14, 2022
Remember, penny stocks are trading vehicles only. 99% of penny stock companies fail in the long run. These are the OTCs I’m watching this week…
And here are the listed stocks I’m watching…
3 Penny Stocks to Watch This Week
Metaverse news spikes OTCs right now, but it’s often super fast. That’s why I won’t trade without StocksToTrade’s Breaking News Chat add-on.
Top Penny Stocks List #1: Epazz Inc. (OTCPK: EPAZ)
Epazz is a cryptocurrency and blockchain app company. As of Friday, it’s also a metaverse company. At least this one was already in crypto and blockchain.
Key points about EPAZ…
- On Thursday, EPAZ was named in a paid feature story. In other words, it’s a promoted stock.
- On Friday, the company tweeted “Metaverse Focus in blockchain, cryptocurrency […]. ” The tweet also teased upcoming news.
- EPAZ spiked 292% in three days before a Friday pullback.
I traded EPAZ for a $510 win on Friday after StocksToTrade’s Breaking News Chat alerted the company’s tweet.
I’ll watch EPAZ for more spiking, ideally with a news catalyst. I’ll also watch for potential dip buys into any big panic. It could end up being a ‘buy the rumor, sell the news’ play.
Top Penny Stocks List #2: Tonner-One World Holdings Inc. (OTCPK: TONR)
Tonner-One World Holdings is a fintech shell company that used to be in the doll business. Now it’s in crypto and the metaverse. (Maybe they need dolls in the metaverse?)
Key points about TONR…
- TONR is a sub-penny play that went full supernova in September and October.
- On Friday, the company announced it acquired Cryptopro, a Lithuania-based AI-powered crypto platform.
- TONR spiked 41% on the news and closed up 37%.
STT’s Breaking News Chat alerted TONR on Friday. It’s another example of why I think everyone should use it.
I’ll watch TONR for more spiking, ideally with news and big volume. I’ll also watch for potential dip buys into any big panic. Sub-penny stocks aren’t my favorite.
Top Penny Stocks List #3: Guardforce AI Co. Limited (NASDAQ: GFAI)
Guardforce AI is a Thailand-based integrated security solutions provider.
Key points about GFAI…
- On Friday, the company announced plans to expand its ‘Robotics as a Service’ offering by acquiring two China-based companies.
- GFAI spiked 103% in 75 minutes on the news.
- It pulled back but closed up 58% on its highest trading volume since late October.
GFAI has only been trading in the U.S. since September. So it’s tough to judge long-term price action. I’ll watch for potential dip buys into any big panic. And I’ll watch for more spiking, ideally with news and big volume.
Trading Mentor
Everyone wants hot picks. I get it — people want to follow other people. Do NOT follow anybody’s alerts. The reason I share trades is to help you learn the process.
Trade Review: Palayan Resources Inc. (OTCPK: PLYN)
To me, PLYN was a gimme on January 11. But that’s based on years of experience. First, check out the chart with my entries and exits. Then I’ll explain my thought process.
This is an example of the first green day pattern. Learn it, live it, love it…
If you’re under the PDT rule, your day trades are limited. But you can take overnight trades. The key is to take trades with the potential to spike, or at least gap up, on day two.
I took some in my ‘small account challenge’ TradeZero account. I’m proud to actually work with a broker for once. If you open an account with $2,500 or more, you get a lot of bonuses. But you have to use this link.
The rest of my position was in my normal E-Trade account.
Trade Thesis
STT’s Breaking News Chat team alerted PLYN. The alert said, “OTC former runner making new highs coming into the close.” A second alert said, “recent high from the last pump in December was .30c.”
I remember PLYN from mid-December. I didn’t take advantage of the huge runup then, but I knew it had the potential to move fast.
There was no real news. But the odds and the price action told me it could go higher. The plan was to cut losses quickly if I was wrong. I thought it could spike 5 cents a share based on December’s price action.
The Patterns
Aside from being a first green day, PLYN was also a cup and handle on the daily chart. It’s another pattern you should know. Here’s the PLYN three-month chart…
A trade like this is all about putting a few things together to see what other people don’t see. It’s a good example of the process and a solid $1,071 win.
I also took the morning panic dip buy on Wednesday. The bounce was weak so I took a safe $297 win. But it’s good to understand that you can play different setups within the overall pattern.
Trading Education
This is where your journey begins. If you can change your mindset from making money to learning, there’s hope.
New to penny stocks? Start with my FREE penny stock guide.
Also, get my best-selling book “An American Hedge Fund” here at no cost.
For the basics of my strategies, read “The Complete Penny Stock Course.”
And if you think you have what it takes, maybe the Trading Challenge is for you. Only apply if you’re willing to study hard. It’s not easy, but it’s where all my top students refined their skills.
**Apply for the Trading Challenge Today**
Trading Challenge students also get access to my daily watchlists. All successful traders make their own watchlists. Studying mine (and those of other successful traders) is a good start, but you need to learn…
How to Create Your Own Penny Stocks List
Answers to watchlist FAQs…
How Can You Create Your Own Watchlist?
To start, look for big percent gainers. For two decades, big percent gains have been my #1 criteria. After that, I look at trading volume and a catalyst or reason behind the price action. Read “Stock Watchlist Guide: Tips & Examples to Develop Your Own” for details about the entire process.
Should I Create a Watchlist Every Day?
All serious traders create a daily watchlist. If you’re serious about trading penny stocks, making a daily watchlist is essential.
Does Tim Sykes Provide a NO-COST Watchlist?
Yes. Subscribe to my weekly penny stock watchlists below.
How to Use the Top Penny Stocks List Weekly Update
When you read the weekly penny stock list (and the monthly watchlist), don’t think of them as hot picks. Frankly, sometimes they’ll be duds. That’s why it’s called a watchlist. Welcome to penny stocks.
👉🏼 SUBSCRIBE to my NO-COST weekly stock watchlist here.
It all starts with looking for big percent gainers. Try to figure out why I’ve put the stocks on my list. Study so you can help yourself become a self-sufficient trader. Only fools chase hot picks.
What do you think about this penny stocks list and weekly update? Comment below, I love to hear from all my readers!
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