Top Reddit Penny Stocks to Watch Now


Crypto, acquisitions, uplisting information, and extra drive this week’s Reddit penny inventory spikers…

All these shares have seen elevated quantity and made good strikes — even making new 52-week highs.

The enormous spikes could be thrilling for brand new merchants. Particularly in case your positions are up. However greed has value many merchants good income…

Perhaps they don’t find out about rule #1 — cut losses quickly. Or they don’t know how one can promote into power.

When you’re combating discipline, brush up on these important trading rules.

See how I strategy these shares with my commerce on inventory #4 on this checklist. It’s a terrific instance of how small gains can add up over time.*

Benefit from the hype and quantity that Reddit penny shares can provide, simply by no means consider the hype. And by no means maintain and hope.

Which different shares are trending on Reddit? Over on the WallStreetBets Reddit web page, bullish sentiment is rising in crypto-related shares like Riot Blockchain, Inc. (NASDAQ: RIOT) and Marathon Digital Holdings, Inc. (NASDAQ: MARA).

That’s because of bitcoin’s huge bounce over the weekend.

And bearish sentiment is growing in shares like Moderna, Inc. (NASDAQ: MRNA), Snap Inc. (NYSE: SNAP), and NIO Inc. (NYSE: NIO).

When you love buying and selling meme shares, don’t miss my long-time buddy Paul Scolardi’s no-cost webinar this week on July 28 at 8 p.m. Jap. He’ll educate you how one can determine meme shares even earlier than the Reddit crowd does. Plus, he’ll share what he thinks his subsequent million-dollar commerce will probably be…

Don’t miss this no-cost occasion — sign up here for access

Now let’s get to my checklist of the highest Reddit penny shares to observe this week.

Learn to the top for 3 extra shares value watching as they get elevated mentions on Reddit.

6 Reddit Penny Shares to Watch This Week

I’ve reduce by the noise and chatter on Reddit to give you these prime six Reddit penny shares to observe now.

However bear in mind, this watchlist isn’t a suggestion to purchase or commerce these shares.

And for those who’re hoping to get wealthy fast or questioning “are you able to get wealthy off penny shares?” … you may have the mistaken mindset.

Don’t concentrate on the cash.

That solely creates unhealthy buying and selling habits like going all in, gunslinging, and overtrading

These are all of the habits Reddit merchants appear to advertise and encourage.

Ignore that BS. By no means blindly comply with or take heed to promoters or pumpers on social media and in chat rooms. All of them declare these shares are going to the moon. They’re not.

Most penny shares fail.

At all times count on the worst from each firm so that you gained’t be dissatisfied. Be able to make the most of the hype and volatility, commerce your patterns and trading plan, then transfer on.

When you’re new to penny shares, get my FREE guide to trading this niche here

Let’s do that…

Reddit Penny Shares to Watch #1: Fernhill Company (OTCPK: FERN)

FERN is a holding firm that acquires companies in a number of sectors together with blockchain and digital property, AI, and various power.

On July 12 the corporate introduced it signed a letter of intent to accumulate a crypto mining operation system. And again on June 2, the corporate introduced its plans to uplist to the Nasdaq.

The inventory’s in a powerful uptrend. On July 26, it made new 52-week highs earlier than fading and having its first red day. That may very well be an indication of a reversal. I’ll look ahead to a panic dip purchase alternative.

 

Reddit Penny Shares to Watch #2: RushNet, Inc. (OTCPK: RSHN)

RSHN’s a typical sketchy sub-penny inventory — not my favourite to commerce. It’s a beverage firm that provides flavored sodas beneath the Rush model. But it surely just lately acquired concerned within the healthcare sector…

On July 8, the corporate introduced it acquired heliosDX, a “Nationwide Medical Reference Laboratory providing Excessive-Complexity Urine Drug Testing (UDT), Behavioral Drug Testing, Allergy Droplet Playing cards, Oral Fluids, Infectious Illness (PCR), and NGS Genetic Testing.”

HeliosDX will spin off and grow to be its personal publicly traded firm within the close to future. As a part of the spin-off, RSHN shareholders will get one share of HeliosDX for each 1,000 of RSHN shares.

Shareholders even have the choice to buy 11 HeliosDX shares for each 1,000 of RSHN shares at a reduction. There’s additionally a dividend for RSHN shareholders, however the firm hasn’t introduced particulars but.

Read the full press release here.

The inventory had a serious run when rumors of the acquisition began. Now it’s bouncing identical to I define in my 7-step pennystocking framework.

I’ll look ahead to a dip-buy alternative into any huge panics.

 

Reddit Penny Shares to Watch #3: Atossa Therapeutics, Inc. (NASDAQ: ATOS)

Yep, ATOS returns to the checklist from final week. It’s nonetheless a Reddit penny inventory favourite. And Reddit merchants assume it should return to double digits … in some unspecified time in the future.

However I don’t hold and hope. I believe you possibly can develop your account safely and doubtlessly sooner for those who commerce repeating patterns and sell into strength.

ATOS is down from $10 and consolidating round $4. There’s a ton of bag holders on this inventory who’re hoping it’ll go increased.

I believe it wants an enormous catalyst and excessive quantity for an enormous transfer. With out them, I’ll watch it for a panic dip-buy alternative.

 

Reddit Penny Shares to Watch #4: Life Clips, Inc. (OTCPK: LCLP)

LCLP’s one other inventory transferring on crypto acquisition news from July 14. It additionally returns from final week’s watchlist.

On July 26 the inventory had an enormous bounce from 2 cents to 4 cents after the corporate introduced it canceled its reverse stock split on this tweet.

StocksToTrade’s Breaking News Chat alerted the information simply after the market open.** I didn’t catch the preliminary spike after the information broke. I dip-bought it later and acquired 790,000 shares at a $0.0335 common. I bought at $0.0345 for a profit of $790.*

I hope Reddit merchants bought into the power. I wouldn’t chase it now. I’ll watch it for potential morning panic dip-buys solely.

 

Reddit Penny Shares to Watch #5: Cyberlux Company (OTCPK: CYBL)

CYBL’s a tech firm that develops lighting programs.

Reddit merchants are enthusiastic about this inventory due to its navy and authorities contracts. However the contracts aren’t new.

The corporate’s at the moment listed on OTCmarkets.com as darkish or defunct. However the inventory’s transferring on the corporate’s tweet that it’s working to regain ‘pink present’ standing. Merchants count on a press launch this week.

But it surely might play out as a ‘buy the rumor, sell the news’ sample. The inventory’s already up from $0.002 to $0.016 since July 17.

I’ll watch this one for a possible morning panic dip-buy.

 

Reddit Penny Shares to Watch #6: DarkPulse, Inc. (OTCPK: DPLS)

DPLS is a tech safety firm. It began its run in June after the corporate introduced it acquired three drone firms.

You possibly can learn the press releases here and here.

On July 16 the corporate introduced the CEO mentioned the acquisitions as a visitor on The Stock Day podcast.

Reddit merchants don’t appear to have a selected buying and selling plan for DPLS. One dealer mentioned it’s “the future.” One other one says they’ve “acquired a extremely good feeling about DPLS.” Many Reddit merchants prefer it as a long-term maintain.

I wouldn’t take heed to any of that BS. The inventory broke down beneath 10 cents on July 26. I’ll watch it for extra panic to the draw back and a dip-buy alternative.

 

Extra Reddit Shares to Watch

What else is trending on Reddit? Listed here are some shares seeing elevated chatter within the chat rooms. However bear in mind, plenty of the merchants in these chat rooms are HODLing.

They’re extra like traders or swing traders than day merchants. It appears many consider in these firms. I believe that’s an enormous mistake…

Ready merchants don’t get sucked into the chatter. Use the quantity and hype to commerce repeating patterns then transfer on to the following.

Listed here are the highest mentions in Reddit chat rooms:

  • Help.com, Inc. (NASDAQ: SPRT): Despite the fact that SPRT isn’t a penny inventory anymore, it’s nonetheless getting loads of mentions on the Reddit penny stocks page. Reddit merchants had been anticipating a brief squeeze. On July 26 it had an enormous hole up earlier than fading. We’ll see if it will probably proceed increased.
  • Verb Expertise Firm, Inc. (NASDAQ: VERB): VERB was on final week’s watchlist. It nonetheless will get loads of mentions, nevertheless it’s consolidating and sure wants a catalyst to usher in extra quantity and squeeze shorts.
  • Nokia Company (NYSE: NOK): Over on the Robinhood Reddit penny shares web page, merchants eagerly anticipate Nokia’s earnings report. The corporate’s as a consequence of launch its second-quarter financials on July 29.

See the Penny Shares I’m Watching

Need to know which shares I’m watching every week?

Subscribe to my no-cost weekly watchlist. I’ll ship my checklist of the highest shares to observe to your inbox each Sunday.

If you’d like much more shares to observe, sustain with my blog. I replace these watchlists each week:

I additionally ship my day by day watchlist and sport plan to Revenue.ly subscribers each morning. There are 3 ways to get it. Get a Profit.ly subscription for entry.

supernova placement

However I don’t need you to blindly comply with inventory picks and alerts from anybody — together with me. Study the explanations behind my trades and inventory picks. Then study to seek out your personal. Change into self-sufficient identical to my prime college students…

And all of my 10+ millionaire college students have come from my Trading Challenge.*

When you’re accepted you’ll get entry to all my prime buying and selling schooling assets — video lessons, webinars, all my DVDs, plus entry to the top Challenge traders in my chat room.

When you’re really devoted to studying the method and mindset it takes to make it within the markets long run — apply to the Trading Challenge today.

The Remaining Phrase on Reddit Penny Shares

Reddit chat rooms have the potential to push shares increased. They will create large brief squeezes and supernovas. We’ve seen it occur prior to now.

And though the previous doesn’t repeat itself precisely, it usually rhymes.

I’m on no account saying run out and purchase these Reddit penny shares. The chat rooms could be filled with promoters and bots simply as a lot as Twitter. However shares with excessive quantity and hype might current alternatives. So watch them for potential performs.

However at all times have a buying and selling plan and keep disciplined. And by no means consider the hype.

Unsure which sample or technique is greatest for you? Watch the market, observe by paper trading on StocksToTrade**, and examine all my trading education assets.

And while you’re prepared, apply for my Trading Challenge.

Which of those Reddit penny shares do you assume has essentially the most potential? Let me know within the feedback … I like to listen to from you!

Disclaimers

*This stage of profitable buying and selling will not be typical and doesn’t mirror the expertise of nearly all of people utilizing the providers and merchandise supplied on this web site.  From January 1, 2020, to December 31, 2020, typical customers of the services and products supplied by this web site reported incomes, on common, an estimated $49.91 in revenue. This determine is taken from monitoring person accounts on Revenue.ly, a buying and selling neighborhood platform.  Timothy Sykes has a minority shareholder curiosity within the platform.

**Tim Sykes has a minority possession stake in StocksToTrade.com.





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