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.