When to Buy or Sell Penny Stocks

by

Rob RensMany people ask me each day when to sell/buy, how do you know when to sell or buy….well here goesWhat people usually do to sell a stock is …find the next resistance (for example stock ABC next resistance is @ .015) sell right BEFORE the resistance because stocks will usually hit resistance then fall DOWN. So sell right before resistance then buy back at support. If the stock breaks resistance then you buy after the bid side has broken the resistance and you ride it to the next level of resistance, with the old resistance now acting as support. And the old support as support level 2 Sell at:1. just prior to resistance levels2. when your stock has lost support (then look to add at support level 2)3. when a stock has formed a base then has lost that support4. when your UP!!! So buy at:1. support levels2. breaks of resistance on the bid side (clearly, don’t buy if the bid cracks resistance for 1 second )3. when a stock is basing after a long downtrend and the bearish are done pissing on your paradeWhat acts as support and resistance?Support1. Any prior lower low then the current price2. Any moving average that is lower then the current price3. A major resistance level that was broken to the upside and then comes down to this (old) major resistance level, this will now be support4. Bottom channel lines Resistance1. Any prior higher high then the current price2. Any moving average that is higher then the current price3. A major support level that was broken to the downside and then comes up to this (old) major support level, this will now be resistance4. Top channel linesstockanalyzer of stockhideout.com Hot Penny Stocks and Canadian Stocks

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