Penny stocks can move fast and be highly volatile. To be successful, you need to make a list of stocks to watch — and potentially trade — every day. Remember, trading isn’t an easy game, you MUST put in the study time…
Why in the world do you think you deserve a better life if you’re not willing to put in the time to make it happen? Money doesn’t just fall from the sky & education doesn’t happen overnight, both are earned the hard way…how bad do you want it/how hard will you hustle to get it?
— Timothy Sykes (@timothysykes) April 18, 2021
Many new traders feel overwhelmed at first. How do you choose stocks for your watchlist? It all starts with looking for big percent gainers. Keep reading for more about how to create your own penny stock watchlist.
First…
News Moving the Penny Stocks on This List
Cryptocurrencies had a big selloff over the weekend. The selloff started with rumors the U.S. Treasury would go after banks involved in money laundering using digital assets. There was also a report of a blackout in China’s Xinjiang region, home to huge Bitcoin mining operations.
Bitcoin is trading up roughly 4% in early hours on April 19, but price action is choppy. Four of the five featured stocks this week are in the crypto/blockchain space. Pay attention to what happens in this sector.
Read More
Read these related posts to learn more…
- Go, Doge, Go? Dogecoin Skyrockets After Elon Musk Tweets. Another StocksToTrade Breaking news report. See how Elon Musk tweets are making Dogecoin hotter than Bitcoin.
- When Preparation Meets Opportunity {VIDEO}. Trading penny stocks isn’t rocket science. But you MUST prepare ahead of time. See how my top students prepared for one of hottest the OTC markets in years
- 10 Renewable Energy Stocks to Watch in 2021. President Biden’s $2 trillion infrastructure bill puts renewable energy in the spotlight. Here are 10 renewable energy stocks to watch.
Top Penny Stocks List Weekly Update: April 19, 2021
The overall market environment is slower. Remember, you do NOT have to trade every day. Trying to force trades on subpar setups brings frustration in the long run. All five featured stocks this week are OTCs.
Let’s do this…
Top OTCMarkets Penny Stocks To Watch
Below is my OTC penny stocks list for the week starting April 19, 2021. Be sure to read everything so you understand the thought process that goes into my list.
Top Penny Stocks List Weekly Update #1: Universal Wellness Holding Corp. (OTCPK: ADHC)
Universal Wellness Holding, formerly American Diversified Holdings Corp., is in the CBD business. On April 14 the company announced it had “formed a new subsidiary, Universal Crypto Holdings, to explore business opportunities in the exploding $2 trillion cryptocurrency market place.”
In other words, it’s another sketchy OTC trying to cash in on whatever’s hot.
On April 7, the company announced a new e-commerce website with Colorado based CBD company Pharmstrong. The stock didn’t do much on that news. But an update regarding the crypto business on April 15 did spike ADHC.
“Universal Crypto Holding has completed several key steps in completing its review of a $20,000,000 cryptocurrency asset acquisition opportunity. […] The next step is a full legal and accounting review to determine the reporting requirements for completing a transaction in the specific area.”
Read the full press release here.
On April 19 the company announced a spinoff…
Universal Wellness Holding to Spin Off Universal Crypto Holding Into Separate Publicly Traded Company
“Shareholders of ADHC will receive shares in the new entity in the form of a shareholder dividend. Management has been meeting with legal counsel to structure the transaction and it is anticipated that upon completion of the cryptocurrency acquisition steps will then be taken to effectuate the spin- off of Universal Crypto Holding into a separate publicly traded company. Shareholders of ADHC, upon the Dividend Date will receive shares in the new entity in form a shareholder dividend.”
Read the full press release here.
ADHC spiked 180% on Friday before pulling back to close up 137%. My original trading plan for ADHC was to potentially dip buy any big morning panic. I’ll watch to see how the market reacts to the spinoff news.
I traded ADHC on Friday. It was a very speculative dip buy on the midday panic. I was early by roughly 20 minutes. When it didn’t bounce I followed rule #1 and cut losses quickly. See details of my ADHC trades here.*
(*Please note: My results are far from typical. Individual results will vary. Most traders lose money. I have the benefit of years of hard work, dedication, and experience. Trading is inherently risky. Do your due diligence and never risk more than you can afford to lose.)
Top Penny Stocks List Weekly Update #2: AppSwarm Inc. (OTCPK: SWRM)
AppSwarm is an application development and software company.
On March 25, AppSwarm announced a blockchain research division. On April 16, the company launched a new website based on using Dogecoin for app development.
“The Company announces the launch of DogeLabs.io, which will embark on application research, seminars, blockchain workshops, and will utilize its video conferencing capabilities to bring together global minds and developer insights around the Doge community.
“[…] Doge offers high liquidity, fast transaction speed, and brand popularity, which could make it a unique protocol on which to build new commercial applications such as money transfers, micropayments, in-app purchases, and customer rewards.”
Read the full press release here.
Check out the SWRM one-year chart…
SWRM spiked fast on the website news and closed up 136% on Friday. Most spikers are failing on day two lately, and SWRM has a history of one day spikes. So I’m watching for potential dip buys into any big morning panics. See details of my SWRM trades here.*
Top Penny Stocks List Weekly Update #3: Reconnaissance Energy Africa Ltd. (OTCQX: RECAF)
Reconnaissance Energy Africa is an oil and gas exploration company. It’s primary focus is the development of oil and gas in Namibia.
On April 15, the company “confirmed a working petroleum system” in one of three wells in Namibia. RECAF gapped up 43% on the news.
On April 19, the company announced a letter of intent to acquire Renaissance Oil
CEO Scot Evans said, “With ReconAfrica’s recent drilling success in the Kavango Basin, the Company has determined it is in the best interest of ReconAfrica shareholders to consolidate all interests. Renaissance Oil’s right to acquire 50% working interest in 2.2 million acres in the eastern part of the Kavango basin (Botswana) is potentially very valuable to ReconAfrica as it pursues the development of conventional resources in the basin.”
Read the full press release here.
RECAF is a solid multi-day spiker. On Friday it hit a 52-week high of $6.33 and closed up another 38%. I’m watching for potential dip buys into any big morning panic. But I’ll also watch to see how the market reacts to the acquisition news.
Top Penny Stocks List Weekly Update #4: BOTS Inc. (OTCPK: BTZI)
In its latest incarnation, BOTS Inc. is a robotics company getting into the crypto sector. Like so many other sketchy OTCs, the company has had several facelifts. Past versions of the company were in skin care, marijuana, and cybersecurity.
On April 16, the company announced it would accept Dogecoin as payment. The stock spiked 50% in a matter of minutes.
On April 19, the company announced it will take a 50% stake in the Beadswap decentralized exchange…
Chairman Simon Rubin said “We were attracted to the carefully designed Beadswap knowing that similar decentralized exchanges such as Uniswap enjoy a market cap of more than 10 billion USD with smaller upstart competitors to Uniswap quickly reaching more than 1 billion in market cap after launching as well as the magnitude of the seller’s assets and operational magnitude.”
Read the full press release here.
Here’s the BTZI one-year chart…
BTZI held most of its gains on Friday and as you can see from the chart, it put together a multi-day run in February. I bought a dip off the initial Dogecoin news spike on Friday.
I’ll watch for potential dip buys into any big panic. We could also see a morning spike on the acquisition news if it gets enough traction. Remember, don’t try to guess, see how the market reacts. See details of my BTZI trades here.*
Top Penny Stocks List Weekly Update #5: BIGG Digital Assets Inc. (OTCQX: BBKCF)
BIGG Digital Assets is another blockchain and crypto company.
BBKCF has had an impressive multi-month run — going from 29 cents a share to over $4 on various crypto related news. Promoters are calling BBKCF the “Coinbase of Canada.” That’s based on the company owning Netcoins, a Canadian crypto exchange.
Here’s the BBKCF one-year chart…
BBKCF closed up 17% on Friday after a sharp pullback on April 14. On that day, BBKCF moved in sympathy to Coinbase (NASDAQ: COIN ) after its IPO.
I’m watching BBKCF for potential dip buys into any big intraday panics. See details of my BBKCF trades here.*
Top Listed Penny Stocks to Watch
There’s only one listed stock on this week’s watchlist. AnPac Bio-Medical spiked big on Friday in after hours trading based on this news. I’m watching for potential dip buys.
That’s it for this week’s top penny stocks list. Want to know how to create your own watchlist?
How to Create Your Own Penny Stock List
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How Can You Create Your Own Watchlist?
To start, look for big percent gainers. For two decades, big percent gains have been my #1 criteria. After that, I look at trading volume and a catalyst or reason behind the price action. Read “Stock Watchlist Guide: Tips & Examples to Develop Your Own” for details about the entire process.
Should I Create a Watchlist Every Day?
All serious traders create a daily watchlist. If you’re serious about trading penny stocks, making a daily watchlist is essential.
Does Tim Sykes Provide a NO-COST Watchlist?
Yes. Subscribe to my weekly penny stock watchlists below.
How to Use the Top Penny Stocks List Weekly Update
When you read the weekly penny stock list (and the monthly watchlist), don’t think of them as hot picks. Frankly, sometimes they’ll be duds. That’s why it’s called a watchlist. Welcome to penny stocks.
👉🏼SUBSCRIBE to my NO-COST weekly stock watchlist here.
Instead, try to figure out why I’ve put the stocks on my list. Study so you can help yourself become a self-sufficient trader. Only fools chase hot picks.
What do you think about this penny stocks list weekly update? Comment below, I love to hear from all my readers!
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