5 penny stocks to watch

As IWM heads for $200 penny stocks heat up

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Good morning,

ATPC is a recent IPO at $4 that’s up 100%+ this morning just above $1. I picked up shares at $1.05 looking for it to trade at or above $1 and see if middle $1’s, which it tested around 5 AM ET, happens again. 

The DWAC put options and bear call are within range of working as the stock pressures $35 support this morning, down gap another -3% as I type. Next level of support is $30 and if it gets there I think the algos will hunt for liquidity below that.

My long-term LQMT core position continues to trade at $.06 on light volume. I’m looking for a breakout above $.10 soon which I think will happen once we hear why the CEO recently bought about a million shares.

ICCM is a news winner with big breakout potential at $2 today. Shares already hit $2.16 and are on the back half of a squeeze right now, so I’ll let it retrace. I’m thinking $1.70’s or $1.80’s for entry, see if this tears above $2 today, stop loss below $1.60’s if the patterns fades out.

PXLW is another stock under $3 I’m watching this morning with upside if the key $2 resistance breaks and holds. New with Disney is likely to keep eyeballs on it today.

Eat, sleep & trade!

Jason Bond

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