Let me start by saying I know everyone thinks trading in penny stocks is useless and dangerous, and they're right.
However, I've been watching this particular stock JONE for the better part of a year and it seems to have a pretty predictable pattern regarding when it spikes and when it falls.
JONE trades currently at $1.60 per share, and spikes (and drops) between 6%-11% on any given day. Overall JONE is going down, but it rarely shows this in it's day-to-day charts, and when it does it only falls significantly at either the beginning or end of the day.
Here's some things I've picked up on:
- peaks and troughs generally last 3 hours
- once per day, sometimes twice
- any rise is always followed by a drop at least 1-2 hours after
- the stock generally trades flat during any peak or trough, so you'll know when to buy or sell pretty easily
I haven't started trading yet because I have all my money in other investments at the time, but I'd like to know what y'all think.
Submitted June 30, 2017 at 10:10AM by SelfPromotion101 http://ift.tt/2ur9bwX
