Here is our Penny Stocks watchlist update for March 26th, 2018
These are our top 5 penny stocks to watch in order.
BKPPF– Block Capital One Inc.
BKPPF chart is setting up just according to plan. On our BKPPF page we discussed how we believe a cup and handle pattern is starting to develop.
As you can see by the chart above BKPPF stock is currently looking like a possible trend reversal. It is putting in higher lows. If we see a breakout of the top of the uptrend(marked by the black line) BKPPF could head North very fast. If a cup and handle chart pattern gets confirmed it wouldn’t surprise us to see a new 52 week high above $1.16 a share. We are continuing to watch a reversal to be confirmed. When it does things could get exciting very quickly. An official announcement of their ICO launching could be the news needed to start a breakout.
2. LXGTF– Lexington Biosciences Inc.
We have been watching this stock awhile as a long-term 6 month Swing trade. Right now it is about to enter in that 6-month territory. We want to see it break resistance at .42 the levels of support we are watching are .32 and .34. We are waiting patiently to see if any FDA approval news comes.
3. MJNE– Mj holdings Inc.
This is a low float marijuana stock that we have on our radar. It has been trading sideways for a couple months. We are watching a close above $2 a share.
4.MMMW– Mass Megawatts Windpower Inc.
This is a very low float sub-penny stock. It only has 67 million authorized shares. It has a market cap of only around 500k. They have technology that they claim can produce electricity at 25% cheaper than other renewable power equipment. With a future of smart cars and blockchain technology taking up huge amounts of bandwidth and electricity if MMMW can live up to their claims they could be worth billions. Hypothetically speaking if the company ended up being worth 1 billion dollars down the road and you bought $1,000 worth of shares at .01 that $1,000 would end up being worth 1.5 million dollars. Now again they are still a penny stock so they will have to back up their claims. It will be interesting to watch. This is a High-risk High reward type play.
5. HMLA– Homeland Resources LTD.
This is a stock that may end up turning into a cult stock. This is a ticker that was dead since 2014 but filed and was accepted for reinstatement on 7/31/2017 with the Nevada Security of the State. It is believed they are making the transition to a marijuana company and may do a reverse merger. It has 250 million authorized shares. There has been a group on Social media pumping it. The group pumped a similar stock last year ELED from .0008 to .05. If this stock becomes a stock with a similar cult following it could move up very quickly because of its low float. This is a High-risk High reward type play.
We love BKPPF Block One Capital Inc.
Members of the Ateam are most likely aware that we can’t stop talking about BKPPF. If you have been following us for awhile you know that we have been on fire when it comes to our long-term swing trade calls. We have become masters at identifying stocks that are just starting to get in the awareness stage. BKPPF currently ranks #1 on our penny stocks watchlist.
We believe BKPPF is currently in bear trap stage.
It looks like BKPPF is setting up the perfect cup and handle chart pattern!
Before you continue it is important that you read the article on the three different types of traders.
Here are the reasons why BKPPF is primed for a breakout.
1. BKPPF owns 90% of TG12 ventures Inc.
A TG12 ventures update was released and they now have 200 operating miners and they expect to have 1,000 miners in operation by the end of March. Due to the cheap price of an estimated $0.10 per kilowatt an hour, this will give BKPPF a huge advantage over competitors. Their facility also has the ability to have as many as 600,000 miners. What that means is you can expect a lot of upcoming catalyst and news.
2. BKPPF Ownership in Finzat
The Senate just passed a bill to loosen Dodd-Frank, it looks like blockchain could introduce a massive change in the Mortgage industry. Blockchains ability to execute and record complex transactions would be massively helpful and cost efficient for lenders and consumers. This puts Finzat Block Inc. in an extremely favorable situation since they are on the forefront with BlockChain and Mortgages. This National Mortgage News article talks about how the mortgage industry can’t afford to fall behind on blockchain.
3. BKPPF ownership in Cuipo
Cuipo has been featured on Forbes, Huffington Post, and 20 other global publications. Their Dance for 1 meter is a rainforest preservation initiative that protects endangered lands by using a patented virtual grid system and tokenization method. They will be selling educational products at over 2,000 of the most popular Electronic music events in 2018-2019. This will bring new eyes to the company and support a good cause while at the same time bringing revenue in.
4. BKPPF through FINZAT hint at future ICO
I don’t believe there has been an official press release yet, but there is a hint of a huge potential future catalyst on this page of their website https://www.blockonecap.com/finzat/.
ICO announcements are bringing major share price increases for companies launching ICO’s in 2018. If news gets out about an ICO the price per share could skyrocket.
5. Millions have been invested in private placement offerings
Wealthy investors have placed millions in Non-Brokered Private Placement. In other words, they are so confident that the price per share of BKPPF will go up they are willing to invest in Non-Brokered deals. As you can see right here https://www.blockonecap.com/block-one-capital-inc-announces-5000000-non-brokered-private-placement/ that was just one private placement of 5 million dollars. People don’t invest that type of money unless they expect to get great ROI. In order for that investment to be worth it BKPPF price has to go up.
6. Huge Market Awareness Campaign
At the bottom of the article at http://coinchainmarket.com/article/blockchain-technology-revolution-created-immediate-opportunity-investors/ you can see this “CoinChainMarket.com is owned by JSG Communications & expects to be compensated up to $500,000.00 by Block One Capital Inc. for a period beginning March 3, 2018, and ending September 5, 2018, to publicly disseminate information about (BKPPF). We may buy or sell additional shares of (BKPPF) in the open market at any time, including before, during or after the Website and Information, provide public dissemination of favorable Information. We own zero shares.” 500,000 is a huge amount for market awareness and advertising! This is a detail that only Pro Traders seem to notice. If they are spending that much money for the market awareness you can expect an increase in buying volume as well as media attention. This is also why we believe that BKPPF is currently in just the “awareness stage” of the chart above. We love to buy low and sell high!
BKPPF has everything we look for when we are considering a 2-3 month swing trade. It has several different ways to produce revenue, It has several potential upcoming catalysts, It has wealthy insider investors, and it has a huge marketing campaign.
Disclaimer: We are not financial advisors, We are not Brokers, We are not giving financial advice. Everything in this article is for entertainment purposes only. Penny Stocks are risky. Awesomepennystocks.com has not been compensated for spotlighting BKPPF Block one Capital Inc. We do know that JSG Communications & expects to be compensated up to $500,000.00 by Block One Capital Inc. for a period beginning March 3, 2018 and ending September 5, 2018, to publicly disseminate information about (BKPPF). We may buy or sell additional shares of (BKPPF) in the open market at any time, including before, during or after the Website and Information, provide public dissemination of favorable Information. We currently own zero shares.
The ATEAM has been making money!
ANDI Andiamo corp.
Everything in this article was written by a third party. It is just the opinion of the writer and does not represent the view of Awesome Penny Stocks. Please let us know if you believe any additional information needs to be added.
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The Andiamo Corp (ANDI) holding is Micro-cap Company which is operating in the USA. The company begins their operation on the 7th of June 2000. The brief introduction before going deep into the company profile and their stocks is important. The company basically operates and earns their profit from the already constructed software services providing in the market. It is the micro-cap trade which is generally considered the general public company in the USA. The public but the stock as the investment in the company and in return they get their shared profit by the firm.
The ANDI corps generally started their operations in the three ties application which are used for the phone games, trackers, security, alarm, mirror flashlights and other applications which are required in the mobiles. They are three developers companies working under the ANDI. they main sector company targeted sector of this company is technology.
Now let’s talk about the present situation of the technological market on the global market so we can compare and contrast the present situation of the company with the competitors and their stocks in the market. As they are providing their market and consumers with the already constructed software services and it is also micro-cap holding in which the public who has bought there shares are the maximum owner of the company so their decision towards the company also matters. However, as I was talking about the technological there stocks are doing much well in the market as it was opened with the highest rate of 0.035 and closed over the 0.033 and in this current month, they shares are going on the frequency of above 0.030.
Micro Stock Analysis
Now we can talk about the trading information of the company as I was reviewing their present situation and conduct the data analysis there estimated the total volume of if quite going between and above $ 30,868,018, but if we talk about the average volume of their trading data of three months it is quite $ 103,910,907. The opening and the closing of their shares in the market remained over the 0.03 which is not so good but also not that bad for the general public. However, the company has to pay for their outstanding shares of 0.14M. The market capital is zero which is a good sign but the enterprise values are 1210500.00. And the most important part the profitability margin of the company is 100.00% in the present situation.
Now its time to talk about the ANDI projects from which they are earning their majority of the profit well, it is the rights of the shareholders to know about their projects. They have invested in peppermint Jim which is Arizona based company who specifically deals with the pure pepper mind oil and old products. Recently, the company has also announced that they will support it key they key growth of their initiatives. They have planned and decided to stick to their one product business operations and make it more diverse for their market and the actual source of development and growth for the company. They are planning to make their one major source of product with the association of the different companies. As this will rebrand the ANDI CORP and expand their business operations.
With this plan for the ANDI, they have taken the initiative in this year related to the conducting and making of new plans and looking for the companies and different industries to work with them. They are putting more efforts to rebrand their brand name and increase their presence in their consumer and shareholders market. Furthermore, informs for our Corporation Outline leaf on OTC Markets have been acquiesced and will show up there as a Confirmed Company Outline in the next twosome of days. As mentioned by their ANDI Management:
“We are very excited about the positive business effects this new direction has already had on the Company, and we will continue to seek out additional new business opportunities,” stated William White, Chairman, and CEO of Andiamo Corporation. “Our plan is to use our Website as well as various Social Media outlets to increase shareholder and market awareness.”
Let’s talk about the pros of the company as their present situation is quite below the expectation of the market and as they started their business they were constantly above the line but in previous few years they are facing serious trouble with this tribalistic environment, there are some advantages they are gaining over again. The first major pro to the ANDI is the flexibility they have in payment of the taxes. They can pay their tax according to the legal mentioning of they can pay as the sole company, S corporation, or C corporation. They have to make the more paperwork which is a good thing to keep the records and maintain all of their statuses, their liabilities are not so bent but their profit is also in the overwhelmed numbers. The flow of their income and taxation are shared among their partners, shareholders, and associates of the corporation.
As I was conducting the research about their present situation and cons the corporation is facing in the current environment is the high rate of competitors. Because the technological innovation has been identified and increasing of the daily basis and for the construction of updated software’s on the daily basis is a really difficult task it takes time, effort and man mental power to renovate and rebrand the system. Therefore, the competitors are gaining this advantage over them and they are facing serious difficult time. They are also facing the harder times in the management of their capitals as the economic and political environment changes it becomes more difficult to maintain the numbers.
Is AMFE Amfil Technologies a legitimate company?
With every penny stock company, there is certain risk involved. That is why they are penny stock companies, to begin with. We will take a quick look at AMFE. Everything here is just for entertainment purposes only. We do not hold shares of AMFE and have not been compensated by anyone for writing about AMFE. This article contains entries from multiple writers and we will update it frequently to add new information. Please feel free to comment or reach out to us with any improvements we should make.
We will first start with some of the Pros and Cons about the company as it relates to what other investors have said about the company both positive and negative.
PROS: (have not been verified)
1) revenue is $9M in the first two quarters this year (Q2 ended 12/31/17) last year ( ended 6/30/17) was 6M. And they are profitable while rapidly expanding.
2) AS and OS have been reduced to 600M and less than 500M
3 They have numerous revenue streams ( distribution, cafes, game exclusivity, game publishing, cultivation infrastructure equipment (clean growing), franchising the SL cafes)
4. CEO is very transparent. This can be confirmed by two recent emails posted here on the board discussing the audit and other rumors.
5) Belief up-list to the QB will happen. At which point the smallest sub will be spun off and an acquisition will be made under the new ticker. Every shareholder will receive a 1-time dividend in the form of shares of the new company.
CONS: ( have not been verified)
- Speculation that company may need to raise more working capital through debt financing.
- A high number (10 million as of Jan 19th, 2018) of preferred shares that can convert into common shares.
- Unaudited financials.
Below we have articles that were written and submitted by third-party article writers giving their opinions. Feel free to contact us if you would like to have an article added about AMFE.
AMFE Amfil Technologies: Providing a better environment for the employees
A common issue that has been grabbing the attention of the companies is their employees are getting sick. It has been noticed that most of the employees are getting sick only because of the pollutants and the germs that are present in the environment.
It is important for the companies to maintain their productivity but it is impossible because the employees are leaving the job due to their sickness. In order to deal with this situation, the companies are looking for a solution and AMFE Amfil Technologies has the perfect solution for all the companies that are suffering from such issues.
AMFE Amfil Technologies
The AMFE Amfil Technologies is a high-tech company that has been working on the project on antimicrobial technology. They have developed different products that will help the companies to enhance their productivity with such perfection. The technologies will help in the reduction of the microbes in the atmosphere as well as they will enhance the positive atmosphere in the company to assure that the best results can be generated when it comes to productivity and task management.
The genuine outcomes, for example, the Company’s capacity to back, entire and merge obtaining of IP, resources, and working organizations, could vary physically from those expected in these forward-looking proclamations because of specific elements not inside the control of the organization, for example, a consequence of different components, including future monetary, focused, administrative, and economic situations. The organization alerts perusers not to put undue dependence on any such forward-looking articulations, which talk just as of the date made. The organization repudiates any commitment in this way to reexamine any forward-looking explanations to reflect occasions or conditions after the date of such articulations or to mirror the event of expected or unexpected occasions.
The company has been able to develop different types of sanitation technologies and mobile cleaning services. They are planning to work with the business companies that are related to the manufacturing field. The biggest attraction of the company is their ozone based mPact antimicrobial system that has been developed for the cleaning purpose.
The systems developed by the AMFE Amfil Technologies is being used in different beverages and food industries. There are different types of products developed by the company and most of them include mobile surface sanitation systems, animal & zoo systems, mobile cleaning and surface sanitation systems, cold storage fumigation systems, fruit & vegetable systems, fish farming & processing systems, and food service contract cleaning systems. They are working on many other future projects as well to assure that they can provide the best solutions to most of the companies that need it.
The organization has drawn in the administrations of a PR advisor to guarantee overwhelming media scope of Snakes and Lattes ‘Midtown’ both amid its quick dispatch, and all through the next months. Media scope will incorporate access to web-based social networking influencers, significant print production discharges, and TV appearances. Ultimately, this association will remain as a pilot venture in the improvement of an in-house PR office for every single future engagement.
An investor gratefulness occasion will be held at Snakes and Lattes ‘Midtown’ in December. Additional data affirming the date and points of interest for the occasion will be discharged in the coming weeks. It is affirmed that Snakes and Lattes organizer Ben Castanie and his administration group will be in participation and pending accessibility Amfil CEO Roger Mortimer and GRO3 President Ambrose Fillis will likewise go to.
Snakes and Lattes have started contracting extra occasion staff for the majority of its areas in foresight of the moving toward Christmas season. With the expansion of Snakes and Lattes ‘Midtown’, occasion incomes from on the web and in-store table game deals are required to surpass past records by up to 25%. Snakes and Lattes ‘Midtown’ is required to lead this business increment.
It is important that you understand the pros AMFE Amfil Technologies to understand that how the company is changing the way we work.
- The company has been working on the basic requirements of the companies that can help them succeed in the most effective way.
- All the products developed by the AMFE Amfil Technologies are high-quality and the best part is that all the items are usable which means that the money you invest will never go to waste
- AMFE Amfil Technologies has a proper online availability. You will notice that they have a highly developed website from where you can get all the information related to the company. Apart from that, there are strong social link media links. You will know the performance of the company
- They have been working in this field for many years and know how to manage the requirements of the customers in the most effective manner. Working with AMFE Amfil Technologies will give you the peace of mind that you have always wanted.
AMFE Amfil Technologies is not perfect and there are some issues that you might have to deal with while working with the company.
- Some of their technologies are not as effective as it has been claimed by the company
- It has been noticed that some of the cleaning systems are not very effective and that is why it has been unable to generate the required effects
- Some of the companies have complained that most of their products are expensive due to which they were unable to afford and implement the technologies into their industry
Specific Stock Market Report
My comment today is dedicated entirely to the stock market. Many of my readers are concerned over last week’s unpredictability and are clearly invested in stocks.
Let Us begin with the general consensus…
Whatever I read this weekend, the message was essentially the same: “The stock market is in huge trouble.” Stock market advisers are turning bearish in droves. You read a lot about the leading market indices breaking significant 50-day and 200-day trend lines, thus even the marketplace technicians have turned bearish.
I ‘ve been in this company a very long time; about 30 years. I’ve never found a stock market follow the direction of the consensus view. To put it differently, I doubt the stock market will make everyone happy and simply roll over, as the great bulk of analysts and investors consider it will.
Let Us move to the businesses that trade in the marketplace…
Gains in corporate America stay powerful. The poor market isn’t striking the large companies that are public. We’ve yet to find the 30 Dow Jones Industrial firms that are large report downgrade revisions to their estimated gains this year. Corporate America sits on over $ 1.0 trillion in cash.
At a dividend yield of 2.65%, the Dow Jones Industrial Average is still a great option to the approximate 2.5% return on the now S&P-downgraded 10-year U.S. Treasury. Stocks are cheap in relation to their dividend yields and price/earnings multiples in comparison to choices in the market, including Treasuries.
Going to the Fed and the authorities…
The authorities got what Wall Street needed: a large increase in its spending limitation. The authorities was granted permission by Congress to spend another $ 2.1 trillion of cash it does not have–make no mistake, Wall Street loves when the government has more cash to spend.
The Federal Reserve, it’s my belief, is getting prepared to come out with some new kind of QE3. Financial and fiscal policy stays not as inflexible as I’ve found in three decades of following the markets. Both the Fed and authorities stand ready to jump in and “save” the market again as needed. They are going to pull out all the stops…and that’s precisely why this bear market rally has survived as long as it’s.
Ultimately, let us look at what occurred last year in the stock market, as investors have really short-term memories.
As of this past Friday, the Dow Jones Industrial Average was down just one percent for the year. Let us take a quick look back at last year. 2010 was began by the Dow Jones Industrial Average at about the 10,500 degree. Just in this way year, the Dow Jones Industrial Average rallied to the spring of 2010 from the start of 2010. In the summer of 2010, stock markets in North America crashed. By July of 2010, the Dow Jones was down 8.5% for the year–yes, 8.5%
We all understand what happened after that. The Dow Jones rallied from a low of 9,500 in the summer of 2010 to close at 11,500 by the end of 2010. The stock market really increased about 10% in 2010 despite a horrendous summer for stocks.
My message to my readers…
Do Not panic. It’s the worst thing you can do. Be realistic and take a look at the amounts. Stocks are just down one percent this year. If we look back at 2010, stocks were down 8.5% for year by the summer and they still came back to close a great year.
The bulk of investors and analysts are bearish on stocks now–and we know from previous experience the majority opinion, frequently called the consensus, is generally incorrect.
Corporate earnings are powerful. Its firearm to spend more has been loaded by the authorities. “Chopper” Ben Bernanke and his crew at the Fed are prepared to jump in and “save” the market again if desired.
By this stage in this report, you can tell I’m not prepared to give up on my belief that we’re still in a bear market rally that began in March of 2009. I really believe this bear market rally has more time. Yes, the bear market rally will finish and Phase III of the bear market will kick in–but it WOn’t be well-publicized.
If we were to look at this from a pure technical interpretation, the Dow Jones Industrial Average would have to drop below 9,658 for the bear market rally to formally finish (the midpoint between the March 9, 2009 low and the May 2, 2011 high). We’re Dow Jones Industrial Average. on the much from 9,658
That, my beloved reader, is the greatest stock market advice I can give you.
Retire on This One Hot Stock
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12 Mistakes that will make you awful at day trading
Hey, we’ll be the first to admit it. It’s pretty easy to screw up day trading if you have no clue what you’re doing. However, there is also a lot of good that can come from becoming a good trader. So, how do you do it? First off, avoid making any of these mistakes and you will have an edge on most of the beginners just trying to figure out the stock market.
1 – Jump In Without A Price Target
Here’s a quick way to tip off others that you are clueless about day trading. Buy a long position without any goals in place. Don’t bother considering what level of profit you would like to see or the stop-loss level you can live with if the trade goes south on you. By not having price targets set to work within, you get to prove that you are not very good at money management.
2 – Impatience Is Golden
You may spot them. You know, those traders that sit idly by their computers watching and observing things. They pay attention to details and plot their next move. That’s pretty dull and far too organized for you. Ignore those guys and just go nuts. Trade all day, every day and you’ll see a lot of action. You’ll also show those other guys that you really are off the chart.
3 – Order Often
Again, there’s day traders who sit and think and strategize all freakin’ day or week. They say it’s because they are carefully planning their trades. That’s dull and boring. The only way you’ll get ahead is to click the order button frequently. The more often you do, the more trades you can get in action. It’s a move that will get you noticed and people will start to stare at you.
4 – Trade With More Than You Can Afford
Sure, the smart guys will avoid this move. They say it’s foolhardy. They claim it’s a ginormous stock market error that can set you back so far you’ll never recover. We say phooey! There’s nothing worth doing if you can’t handle a bit of serious risk every now and then. Well, unless you jump out of a plane and forget your parachute. Not using a trade budget is a lot like that.
5 – Stick With Only Stocks
Think about this for a minute. Why do you think it’s called a stock market? Why do you think it attracts day trading? That’s because day traders are interested in stocks. Some may say that you should mix it up a titch. You know, throw in Forex, options and some futures. That’s for pansies. When you day trade stocks, just do that. Then maybe someone will pick up on your moves.
6 – Always Second Guess Yourself
Do we even need to explain this? Whenever you suffer a loss in the market, it was probably related to the fact that you made a bone-headed decision. Day trading is not for losers. You need to win and win all the time in order to succeed. Ignore those traders who say otherwise. Unless they happen to drive a Beemer. Flipping back and forth on trades is also fun for everyone!
7 – Supply And Demand Is Just A Gimmick
There are a lot of traders who follow supply and demand data. Yuck! As if that helped anyone in business. As a day trader you are sort of a solo pilot. You don’t need no stinkin’ charts filled with data that only rocket scientists can decipher. Nope. You can make your own decisions and toss caution to the wind because that’s how the West was won…without gimmicks.
8 – Risk/Reward Ratios Are Too Restrictive
You’ll find a lot of beginners plotting something called a risk/reward ratio. A common figure used is 3:1. So-called experts call it a lose small and win big strategy. Well, we know where that’s going so to be any good at day trading you must avoid such nonsense. Go big or go home should be your motto and it’ll get others thinking that way as well when you start winning.
9 – Discipline Is For Criminals
The common thought about day trading is that in order to be successful at it, in addition to all the other bunk you’ve read about, is to be disciplined. In our mind the only people who should be disciplined are those who did something wrong. By being a free agent you have the ability to do whatever you please when day trading. It’s a lot more fun without a lot of guidelines.
10 – Blow As Much As You Can With A Big Trade
We find it amusing that those so-called experts like to push the concept of budgeting how much capital to risk in a single trade. They probably also slow down for yellow traffic lights. Back to our go big or go home philosophy, clearly there is some kind of discrepancy here. In order to get into the big leagues you can’t do it by taking just baby steps. Go all in or it’s not worth it.
11 – Never Trust What You See On The Internet
One of the biggest mistakes day traders make is to refer to Mr. Google for advice. With all the fake news out there you can’t be sure anymore if that news report about an oil crisis in the Middle East is even true. That’s why it’s always better to just spin a wheel, flip a coin or see your Tarot card reader before firing up your day trading computer for the day.
12 – Mistakes Teach You Nothing
Forget what they said in school about mistakes teaching valuable lessons. All mistakes are is reminders of bad decisions. The best way to avoid that is to never refer to a mistake with that term. On the offhand chance you have a trade loss call it a ‘financial malfunction’ which indicates it can be fixed. Blame shifting is king if you are a day trader.
The TTG Triangle
This is a very high percentage setup that offers an excellent risk/reward ratio. If the pattern fails and you stick to the appropriate stop loss, you lose very little. But if the trade triggers, your reward can be huge.
The TTG Triangle forms when a stock pushes higher right off the opening bell to put in an “initial morning high.” You then want to see the stock pull in slightly or consolidate before eventually breaking above that initial morning high to make a new high on heavy volume.
Next, after the stock puts in its new high, you want to see the stock pull back in to re-test that initial morning high. This price area should now hold as support after it has been broken to the upside on heavy volume. After seeing this price area hold as support, you will see the stock bounce off of it but fail to get all the way back to the high of the day. It makes a lower high and then goes back down to test that initial morning high price area again.
This action creates a downtrend resistance line across the lower highs as the stock bounces off that support area that was once the initial morning high. This downtrend line coupled with the horizontal support area form a descending triangle that I like to call a TTG Triangle.
This is a high percentage pattern because you can buy in front of that support area and risk very little by setting a stop loss just below the support area. If the support breaks down you get stopped out and lose very little. But, if the support holds, and the stock breaks out and above the downtrend resistance line, you can add to your position. This is the trigger for the trade.
Typically, after the stock breaks out and above the downtrend resistance line, you will see it climb back to test the high of the day. I recommend always selling a portion of your position at the high of the day just in case the stock cannot make another new high. Lock in the profit but still hold onto some in case momentum kicks in and sees the stock make yet another new high.
If the stock makes another new high at this point, you have a much greater chance of seeing a continuation move into the afternoon session. And today, OMNT was a picture-perfect example of a TTG Triangle and we nailed it!
Some hot wearable technologies stocks
Lexington Biosciences Inc. (LXGTF)
Lexington BioSciences (CSE: LNB) (OTC: LXGTF), introduces HeartSentry, a revolutionary, simple and effective technology for personalized measurement and monitoring of vascular health to detect the potential for cardiovascular disease at its earliest stages. The device is designed to measure the function of the endothelium, the cells that line all arteries and are critical to the prevention of atherosclerosis, heart attacks, and stroke.
Garmin Ltd. (GRMN)
Garmin Ltd., together with its subsidiaries, designs, develops, manufactures, markets, and distributes a range of navigation, communication, and information devices worldwide. It operates through five segments: Auto, Aviation, Marine, Outdoor, and Fitness. The Auto segment offers personal navigation devices; infotainment solutions; and action cameras, as well as mobile applications under the Garmin and NAVIGON names. The Aviation segment provides navigation, communication, flight control, hazard avoidance, weather radar, radar altimeter, datalink weather, in-cockpit and cloud connectivity, automated logbook, voice and touch control, and other products and services; wearables, portables, and apps; and traffic collision avoidance, and terrain awareness and warning systems. It also offers controller-pilot data link, a suite of automatic dependent surveillance-broadcast solutions. The Marine segment provides chartplotters and multi-function displays, fish finders, sounders, autopilot systems, radars, compliant instrument displays, VHF communication radios, handhelds and wrist-worn devices, sailing products, and entertainment products. The Outdoor segment offers outdoor handhelds, wearable devices, golf devices, and dog tracking and training/pet obedience devices. The Fitness segment provides running/multi-sport watches, cycling computers, cycling power meters, cycling safety and awareness products, and activity tracking devices, as well as Garmin Connect and Garmin Connect Mobile, which are Web and mobile platforms for users to track and analyze their fitness and wellness data. The company sells its global positioning system receivers and accessories to retail outlets; and aviation products to aviation dealers and aircraft manufacturers through a network of independent dealers and distributors. Garmin Ltd. was founded in 1990 and is based in Schaffhausen, Switzerland.
An Investment Into Wearables Could Be Healthy For Your Portfolio
Wearable technology has gained much more notoriety as of late with much of its popularity coming from changing lifestyles of young people. This has stoked the demand for not only more connectivity for novelty products but also triggered a cascade of opportunity for traditional industries of scale.
The healthcare segment, for example, has begun to take on a major focus of the wearable tech marketplace and considering the innovations in several new developments in this area within the last two decades, the dawn of medical wearables could already be upon us.
Mobile phones with wearable sensors implanted medical devices, and home-based telehealth devices can help monitor and manage the health of a patient. Much of this has been a result of smartphones making incredible strides in terms of applications. Just think about it, they can now accomplish actual diagnostic tests
The opportunity for big take-overs is also an option in this marketplace. A private company, Withings, was acquired by a big tech company for a cool $191 million. The company introduced a device that actually monitors blood-pressure on the go.
It’s no secret anymore and investors have taken notice of the fact that wearable medical devices are being used for more than just preventative care. Just as an example, it’s also being found useful for athletes who wish to monitor their performance and condition.
In addition, such devices for continuous medical monitoring are being used for outpatients with persistent medical conditions. Doctors who needed to measure and detect behavioral changes for early diagnosis are also available.
For investors, finding early-stage companies has been key to capitalizing on the immense growth that this industry could be set to see. But when you consider that new biometric devices need FDA consideration, the call to action is based on the ability to achieve fast trackability to bring products to market.
Typically speaking, this could mean that the launch of development stage products from certain emerging growth companies isn’t too far off.
We aren’t talking simple “iPhone watches” anymore. Some companies are focusing on developing wearable medical technology that can quantify the function of the endothelium or the cells that line the arteries. So where the competitive advantage lies is in both efficacy and affordability. Look at things like Ultrasounds or Itamar Medical’s EndoPAT. The costs alone for products like these can be upward of $200,000. Furthermore, they require intervention from actual medical facilities & their employees.
Wearables now open a big opportunity for people to use products and record data that can easily be sent to healthcare providers without the added costs or inconvenience of traveling to a facility.
The Gothenburg, Sweden-based machine-to-machine/IoT market research provider, Berg Insight noted that shipments of connected wearables reached 96.5 million in 2016, up from 75.1 million devices in the previous year. What’s more is that total shipments of smart watches, smart glasses, fitness & activity trackers, people monitoring & safety devices, smart clothing and medical devices, as well as other wearable devices, are forecasted to reach 262.5 million units in 2021.