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Are These The Best NASDAQ Penny Stocks?

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Looking at the right penny stock chart is critical… 3 months ago I introduces one chart for all penny stock traders – today we update it! – PowerPoint PPT presentation

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Title: Are These The Best NASDAQ Penny Stocks?


1
Penny Stock Research The Truth About Penny Stocks
2
  • Welcome to Penny Stocks Research. Every day we
    bring you the unbiased truth about Penny Stocks.
    For more information on penny stocks please visit
    our website
  • PennyStockResearch.com

3
  • Hi, My name is Aaron and Im with Penny Stock
    Research, today were reviewing our recently
    published article

4
Are These The Best NASDAQ Penny Stocks?
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Are You Watching These Penny Stock Charts!
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Ok. Lets look back in time Not far, just go
back with me about 3 months.
7
Back in Early March I wrote an important article
about a particular penny stock chart every trader
needs to watch. That article What Stock Charts
Technical Analysis Can Tell Us About The Penny
Stock Markets touched on some important topics.
8
Here we are a few months later and its time to
refresh the chart and take a look. If you
remember the best sources to track the overall
performance of the penny stock market is the
Russell 2000 index.
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Its not perfect it tracks lots of stocks that
are way too big for our penny stock investments.
However, its the closest thing we have to a
penny stock index. And it has a long track
record.
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The Simple Way To Review Penny Stock Charts
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As you know, there are thousands of ways to do
technical analysis and I like to keep it simple.
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I watch the index and its 200-day moving average
to track the overall trend in the market. And
every few weeks I look back at the data to make
sure I didnt miss anything.
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Back in march the 200 day moving average had just
started trending higher The upslope was
undeniable. After a few months of sideways
trading the trend ticked higher
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And I said We still have room to run on the
markets for Penny Stocks! And I was right. The
market climbed from 1228 to 1257 where it sits as
I write this article. Thats a 2.3 gain in just
a few months. Just look at the chart
15

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So Whats This Penny Stock Chart Mean For The
Future Of Penny Stocks?
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Ask yourself, whats the future of penny
stocks? Many will look at the chart and say,
weve gotten ahead of ourselves. The market is
too high and ready for a pull back.
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Why? Because if you look at the index its
trading a solid 70 points above the 200 day
moving average. Many may think thats too much.
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Are they right? Maybe maybe not. Just look at
this RUT chart from 2013.
20
(No Transcript)
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As you can see, in early 2013 the index surged
above the 200 day moving average and continued
trading higher and higher and higher for
almost 16 months!
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If you got scared out of stocks because the index
was trading too high, you missed a massive run in
penny stocks. Might we see the same thing here?
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Its impossible to tell but I will say this the
trend is higher and until we see it break down
and head below the 200 Day moving average my bet
is for penny stock to continue to thrive!
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What Do You Think?
25
You see the chart you see the data and the
news. Do you think were poised for a
pullback? Or Are we going to surge higher?
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What do you think? Let me know comment on the
blog below. Good investing.
27
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28
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29
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