#Penny stocks that will skyrocket how to#

A month and a half later, it almost hit $20!Ĭastor made two big deals at a time when the global supply chain was in the news. This shipping company stock’s early 2021 breakout is a great example of this.ĬTRM was under $2 when the calendar turned to 2021. I talk about paying attention to hot sectors. It almost hit $4 before falling back to earth. It broke out on massive volume in February. SNDL established a resistance level of around $1.25 in January. Penny stocks in a meme-friendly sector like weed stocks had better odds than most.

With retail traders working together, we’ve seen a lot more of it. Volume is always a good thing in penny stocks. Retail traders figured out there’s strength in numbers … They applied this strength and squeezed GME into the $400s! This former penny stock was in the $2s and $3s when we were covering it in 2020… Let’s look at some charts! GameStop (NYSE: GME) Then, the next time a big gainer comes your way, you’ll be better prepared to come up with a plan. Understand the patterns that have played out well in these stocks. These charts show the big run-ups and spectacular crashes that are possible in penny stock land… What we’re looking at here are their charts. We’re not looking at how much you could have made if you bought at their lows and sold at their highs. Other securities, like dogecoin and SPAC stock CCIV, just acted like penny stocks. Some, like GameStop (NYSE: GME), were the biggest stories of the year. Several penny stocks went ballistic in 2021…

#Penny stocks that will skyrocket how to#

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2.3 Monster Beverage Corporation (NASDAQ: MNST).

2.2 Pier 1 (formerly NYSE: PIR, now OTCPK: PIRRQ).

2.1 True Religion (formerly NASDAQ: TRLG).

2 Big Companies That Started as Penny Stocks.