Category: Penny Stocks

OTCs are dominating this week’s biotech penny stocks to watch. I’m watching some of the recent runners that made impressive moves on news from last week. Plus, I traded one of the stocks on this week’s watchlist — seven times. And they weren’t all winning trades. That’s OK. My losing trades are a good example of what not to do. Even I make mistakes — nobody’s perfect. And that’s the problem with too many new traders. They don’t want to accept the frustrations that come with trading. They want it to be perfect all the time ... That’s not reality. Nobody wins 100% of the time. Losses can make great lessons if you’re willing to learn from them. Find out what you can learn from my winning and losing trades... Get the top biotech penny stocks list and I’ll show you what’s on my radar and why. Top Biotech Penny Stocks to Watch These are the top stocks on my watchlist. ‘Watch’ is the key word here. There’s no guarantee that there’ll be a trading opportunity. Remember, these stocks move FAST. Before we get to my list of stocks to watch, here are a few of my top resources for penny stocks… If you’re new to penny stocks, start here with this FREE online guide. Ready to learn how to build your own stock watchlist? This post is for you. Discover how I find all the stocks on my watchlists here. How do I find hot stocks? I use StocksToTrade every day. For me, it’s the best tool because I helped design it specifically for trading penny stocks. (I’m also an investor.) It has awesome charts, built-in scans, social media feeds, and so much more to help you do your research. And its Breaking News Chat add-on feature is a game-changer in this hot market. It helped me make record profits in 2020.* Get a StockToTrade 14-day trial for only $7... Or try it with the Breaking News Chat for only $17! (*Please note: My results are far from typical. Individual results will vary. Most traders lose money. I have the benefit of years of hard work, dedication, and experience. Trading is inherently risky. Do your due diligence and never risk more than you can afford to lose.) Now, let’s get to the top biotech penny stocks to watch this week… Biotech Penny Stocks #1: ProtoKinetix, Incorporated (OTCQB: PKTX) On April 7, PKTX announced the Journal of Tissue Engineering and Regenerative Medicine published a peer-reviewed research paper on the company’s treatment for vision loss. The stock has been uptrending since. I’ll watch for a breakout over 27 cents. Biotech Penny Stocks #2: IntelGenx Technologies Corp. (OTCQB: IGXT) IGXT was on last week’s watchlist after it announced it shipped its first order of CBD filmstrips to Heritage Cannabis Holdings Corp. (CSE: CANN). I was watching the stock for a breakout over the 50-cent area. It broke out Monday, so I’ll watch for continued upside. Biotech Penny Stocks #3: Immune Pharmaceuticals, Inc. (OTCPK: IMNPQ) IMNPQ is on my watchlist for the third straight week. Two weeks ago it announced receipt of an offer to purchase the company. On Monday the company filed a Form 8-K reporting a new president and interim CEO was appointed. As part of the filing, the new president noted “a merger is expected to take place within the coming weeks.” Read the full Form 8-K here. The stock traded high volume and had a huge gap up on the news. The stock is up a lot so I’ll watch for panic dip buy opportunities only. Biotech Penny Stocks #4: Auris Medical Holding Ltd. (NASDAQ: EARS) EARS was up in after-hours on Friday. There’s no news on the company. It looks like the high-of-day break before the close triggered a short squeeze. The stock had a huge gap up on Monday morning but faded throughout the day. It’s another stock I’ll watch for potential bounces off support. If EARS runs you can also watch Second Sight Medical Products, Inc. (NASDAQ: EYES) as they tend to run in sympathy to each other. Biotech Penny Stocks #5: Todos Medical Ltd. (OTCQB: TOMDF) On April 8, TOMDF announced it received a notice of allowance from the European Patent Office. The patent application covers the company’s total biochemical infrared analysis (TBIA) method to detect cancer in patients. TOMDF president and CEO Gerald E. Commissiong said, “TBIA represents a potentially game-changing approach to cancer detection because we will be able to run different artificial intelligence-developed algorithms for multiple cancer types on the same blood sample. “While the focus is initially on improving the diagnosis of breast cancer and colon cancer using this method, the potential applies to all cancers.” Read the full press release here. The stock has failed to hold a breakout over 6 cents three times. I’ll watch for a convincing breakout over Monday’s high of $0.064. Ideally, it will have high volume and a catalyst. Biotech Penny Stocks #6: Regen BioPharma, Inc. (OTCPK: RGBP) RGBP’s run started when it announced a licensing agreement for its pancreatic cancer treatment on April 8. I traded RGBP three times on Monday. I had two good trades and one sloppy one that almost wiped out all my gains on the ticker…* My first trade was a dip buy after the stock started spiking mid-day. I bought 383,400 shares at $0.057. I sold into the bounce at $0.0677 when my goals for the trade were met. I made $4,102 on the trade.* The stock continued to spike and hit almost 8 cents. I re-bought it when it dipped from its highs — hoping for another bounce play. It didn’t bounce. It continued to go down. I broke my own rules and added to a loser TWICE. I finally sold all my shares for a loss of $4,643. My third trade recovered some of my losses … I bought into a bigger panic before the close. I bought 547,500 shares at $0.054 and sold at $0.0579 for a profit of $2,135.* Yesterday I traded the stock four more times. I had two winning trades and two losers.* See all my RGBP trades here. I made $4,994 on this ticker on April 12 and 13.* My trades were great lessons for Challenge students. I made a video lesson Monday after my sloppy trading. This stock is a crazy spiker. But I won’t chase. I’m watching for morning panic dip buys only. (*Please note: My results are far from typical. Individual results will vary. Most traders lose money. I have the benefit of years of hard work, dedication, and experience. Trading is inherently risky. Do your due diligence and never risk more than you can afford to lose.) Biotech Penny Stocks #7: Fortress Biotech, Inc. (NASDAQ: FBIO) FBIO made the watchlist last week after it announced its partner company secured $7.5 million in working capital through a line of credit. Since then, the stock went on a run and hit a high of just over $6. But Monday it had its first red day and yesterday it had a huge gap down. I’ll watch it for panic dip buy opportunities only. Biotech Penny Stocks #8: Tiziana Life Sciences PLC (NASDAQ: TLSA) On Monday, a Zacks analyst began coverage on TLSA with a price target of $7.50. The stock traded higher than average volume and went from $2.55 to $3.25 following the news. It has a history of one-and-done spikes. I’ll watch it for a break above $3.30 resistance. But I’ll go for singles if I trade this stock. Biotech Penny Stocks #9: Akari Therapeutics, Plc (NASDAQ: AKTX) On Monday, AKTX announced it filed an investigational new drug application with the FDA. The company plans to start its Phase 3 trials in mid-2021. StocksToTrade Breaking News Chat alerted the news in premarket. I didn’t trade it. The stock spiked in mid-morning and couldn’t hold its gains. I’ll watch for the stock to find support and potentially bounce. Biotech Penny Stocks #10: Creative Medical Technology Holdings, Inc. (OTCPK: CELZ) CELZ is a biotech penny stock company that focuses on developing stem cell treatments for various diseases. I traded it last week when it had its first green day. I didn’t hold it overnight and took small profits of $248.* Since then, the stock has been trading in a channel. I’ll watch for the stock to break out of the channel over $0.062. Get the List of Penny Stocks I'm Watching Delivered to Your Inbox Want to know which stocks I’m watching each week? Subscribe to my no-cost watchlist. I’ll send my top penny stocks to watch right to your inbox every week. It can help you learn the process I follow for every stock. I’ll say it again … The stocks on my watchlist aren’t an automatic buy. Remember to do your own due diligence and research. If you’re trading without a trading plan, you’re gambling. Don’t be a degenerate gambler — trade smart! 👉🏼 SUBSCRIBE to my no-cost weekly stock watchlist here. Conclusion Biotech penny stocks are stocks of small, developmental companies. These companies are usually desperate for cash. They need it to continue developing products and for testing and trials. Trade them with caution... They’re known to be extremely volatile. They can have huge price swings. One minute they’re flying high on positive news — the next they’re down due to bad trial results, side effects, or stock dilution. If you’re prepared to take advantage of the price swings, these stocks can offer great trading opportunities... In my Trading Challenge chat room, my students and I talk about the hottest penny stocks. And many top traders who got their start in the Challenge are now chat moderators who answer questions and help out new students. If you want to join a community of top traders, apply for my Trading Challenge. I don’t accept everyone. I only want the most dedicated students who are willing to put in the time and effort it takes to become my next top student. Could it be you? What do you think of these biotech penny stocks to watch? Let me know in the comments … I love to hear from you!