I found this to be the simplest swing trade strategy with a high probability of success rate. I used it on my recent swings on $ACB +23%, $KEG +60% and large caps like $TSLA and $NVDA. The losses I took were on $EBAY and $IQ.

 

My favorite trade was on $KEG. These low priced penny stocks could be risky but if you are selective you can make a lot of money from stocks that provide great upside like these!

 

Swing trade set up summary: 

1. Stock must have increasing volume on the daily chart. This is especially crucial for swinging small cap penny stocks.

2. Look for bullish flag or wedge pattern, and bottom curl pattern.

3. Make sure the potential stock to buy provides you with good risk/reward. The ration should be at least 3 to one. A lot of small cap penny stocks can even give you 4 to 1 or 5 to 1 risk reward.

4. This is not mandatory but having news release or SECTOR HYPE or catalyst is a plus!