Penny Hunt This Lithium Trade For Another Quick Profit
PENNY STOCK HIGHLIGHT: NTTHF
Human beings conquered the land, sea, and air when we turned oil into fuel.
But we’ve been using oil for centuries and the technology is getting outdated.
That’s the reason why so many clean energy companies are popping up.
From renewable energy sources… to electric vehicles… man has come to a historical turning point where we can recycle energy and use it over and over again.
Energy’s next big evolution is approaching and now is the time to invest.
But it can be overwhelming to invest in the overcrowded clean energy sector, which is why today I’m going to show you how to play this industry the Penny Hawk way.
As Penny Hawks, we’re going to target low-dollar stocks that aren’t overcrowded by news rumors. Check out our daily-updated Breakout Watchlist to see every stock on my radar today.
In this case, we’re swooping in to Neo Lithium Corp (OTCMKTS: NTTHF).
LET’S GET TECHNICAL
NTTHF shares are returning back down to a lower dollar price point. At the time of writing, shares are just below $4.
The stock recently made a volatility rally after breaking above $2.60. Volatility bands are also accelerating.
That rally has exhausted short-term buying power while taking the stock into overbought RSI readings. This action, along with a drop in volume, should see the stock begin another rally cycle that will start with a retracement to $3.00, which is where we are setting our limit price to enter a new position.
Volume continues to grow, telling us that NTTHF keeps attracting more buyers in a market that is generally slowing.
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Also a plus is that the company is in the hot growth area of electric vehicles and alternative-energy materials.
ACTION TO TAKE
A “trailing stop” is simply a percentage based stop-loss.
Instead of exiting the trade at a specific price, we set the stop at a specific percentage.
In this case, instead of exiting at $3.60… we set a trailing stop of 5%… this way we can chase bigger profits.
For example, if the stock reaches $5… then drops down to $4.75… our 5% stop-loss kicks in and we profit $1.25 more than if we set a hard stop at $3.60.
Tomorrow I’ll be going over another trade that we can “upcycle.”
Meaning, we’re going to revisit the stock for another round of predictable profits.
Once again, I’m seeing another flashing bullish signal, and I’ll give you all the details tomorrow.
I’d also like to show you a new stock market pattern that my colleague, Shah Gilani, has told me about.
Just like us Penny Hawks, Shah has looked deeply into an untapped corner of the market… and what he discovered will absolutely shift your entire perspective of the stock market.
He’s confirmed the worst-kept secret on Wall Street – that they have access to stocks that normal folks are unaware of.
And he’s agreed that the Penny Hawks deserve to see this for themselves.
Click here for the full details.
I’M GOING LIVE TO HELP YOU TAKE BACK YOUR MONEY
Let’s face it, the past year has been wild.
The global economy was shut down, governments began infinitely printing paper, and we’re even seeing the Taliban take over a nation.
During moments of deep economic, political, and governmental unrest… the average citizen must do everything in their power to protect their wealth.
So we’re going live every morning to show you how to take back your wealth from all the pandemic nonsense that we’ve suffered for over a year.
At 10:30 AM every day, I host my own live show where I show you exactly how to trade the market – I don’t want you to miss it.
Click here to add our Money Morning Live sessions to your calendar now.
Until next time,
Chris Johnson
Comments
August 17 2021
