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HotStockMarket › Groups › Penny Stock Breakouts

Penny Stock Breakouts

This group is for people who like to play breakouts on volatile stocks, generally stuff under $10. A breakout generally refers to price action breaking through some sort of resistance level, which in turn causes a rally from the temporary lack of supply relative to the demand. How one plays a breakout is entirely up to trader and their methods. You can try to play a breakout by:

-buying into the break of resistance
-buying before a potential break in resistance
-buying into the first dip after a breakout/ test of new support

Just to name a few, but the beauty of trading is you're in control of coming up with something that works for yourself.

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