So This watchlist focuses on OTC stocks as those are the most volatile stocks currently. I stayed away from them due to commissions and needing to learn patterns and not risk losing the commission on top of losing on the stock. With 6 weeks of learning, I feel comfortable enough to dip my toe into a possible OTC trade factoring my commission fees into the possible earnings.
$BANT is my top pick on my watchlist. Had a previous run Aug-Sept 2020 with the FGD ending roughly the same place it did today @ 0.018. The following day it ran to .039. This also started running again on 19 Jan 2021 starting at 0.007 closing at 0.022. It consolidated over the next 5 days in the range .020-.024 before dropping to 0.012 on 3 feb. 4 feb (today) it had a morning spike and a constant uptrend all day. Keeping an eye on this for a morning spike and watching for incoming volume. Also has a close spread on L2. Has a history of failing after FGD be careful!
Looking to enter: 0.018-0.020
Looking to exit: Over 0.020-0.022.
The risk level is .016 which is where the previous resistance was. Entering @ 0.018 and that risk level is 20$ loss + 10$ in commissions. If I notice a breakdown I will cut faster.
This will make me break even and cover my commission fees. Even if I do not get these I will make sure to cut losses quickly.
$HIPH is my 2nd pick. The last breakout at this level was in Jan 2018 and stayed above the current level (0.0103) for almost 18 months spiking up to 0.11 during that time frame. The day after the spike in Jan 2018 the stoke reached 0.04. This is a FGD with news regarding nano infused products, news could be priced in today as it released early today, but since its a penny stock could have more volume on the news.
Looking to enter: 0.0104
Looking to Exit: 0.0120 to cover commission fees at a minimum, however, will cut if the OTC is not behaving according to plan.
The risk level is 0.008 because that is the previous Resistance level on the intraday chart.
Waiting for volume increase before entering, paying attention to L2
$ALYI is my 3rd pick. Multiday runner in an uptrend. Had a morning spike at 3 mins into the morning. It highest high in 5yrs not saying much but good to note. 2nd green day in a row, however, the last 2 green days in a row led to a red day. Has a mention of publishing a presentation on 5 Feb, not sure if the stock is riding that or EV world. Paying attention to price action and volume.
Looking to enter: 0.087
looking to exit: 0.092 This will cover commission fees at a minimum, however, will cut if the OTC is not behaving accordingly.
The risk level is 0.083 since that is some of the previous resistance levels and broke above that multiple times on the intraday chart and stayed above it using it as a support.
Waiting for volume increase before entering, paying attention to L2
$FORW 4th pick. This is a 3 day runner all green days it is up 300% over the last 3 days, risky because its up so much and zero news.
If I enter looking for: .5
Looking to enter at minimum: .52 his will cover commission fees at a minimum, however, will cut if the OTC is not behaving accordingly. upside unknow because this is the highest it has become in 2yrs
The risk level is 0.47 as this was the double bounce resistance point on the intraday and became the support for the rest of the day.
Others on my watchlist that I am not looking to enter because the spread is too great:
$DSGT $SFOR $PAOG
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