Penny Stocks - Timothy Sykes

Biotech penny stocks just won’t stop! I have 10 biotech stocks on this week's list. PLUS, I have another five from last week that are still running... The opportunities in this market are insane. I hope you’re prepared. I know it can be overwhelming to have so many stocks to choose from... That’s why it’s my honor as a teacher to help you learn to spot the best opportunities — so use this list as a guide. But remember not to buy into the hype. These are stocks of small developmental companies. Some may not even have a product on the market. Stay focused on the catalyst, pattern, and your trading strategy. Let’s get to the top biotech penny stocks list, and I’ll show you what’s on my radar and why... But remember not to buy into the hype. These are stocks of small developmental companies. Some may not even have a product on the market. Stay focused on the catalyst, pattern, and your trading strategy. Let’s get to 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. Find out 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: Aeterna Zentaris Inc. (NASDAQ: AEZS) AEZS is a biotech company that develops therapies for treating tumors and the endocrine system. There’s no recent news on the company, but the stock has been trading higher than average volume since July last year. And it recently had a breakout over a previous multi-month resistance area of 56 cents and multi-day resistance of 63 cents. Biotech Penny Stocks #2: Aileron Therapeutics, Inc. (NASDAQ: ALRN) Aileron Therapeutics is also involved with developing treatments for tumors. It has products in different phases of clinical trials. On January 5, the stock had a gap up on apparently no news, then faded all day. The following day, the company announced a stock offering of just over 32.5 million shares at a price of $1.10 per share. The company announced on January 11 that the offering was completed with some major investors. Then the stock again gapped up on high volume. Biotech Penny Stocks #3: Strongbridge Biopharma plc (NASDAQ: SBBP) SBBP develops and commercializes therapies for a variety of rare diseases. On January 6, the company released preliminary fourth quarter and full 2020 financial results. The stock has been uptrending since, with a large gap up on January 11 when the stock had a breakout above multi-month resistance of $2.95. The new resistance area is $3.28. Biotech Penny Stocks #4: Advaxis, Inc. (NASDAQ: ADXS) Back on December 22, ADXS announced a listing transfer to Nasdaq Capital Markets and an extension to meet the minimum bid requirement. Nasdaq requires companies to maintain a minimum bid price of $1 or the company risks getting delisted and a downgrade to the OTC Markets. This can act as a catalyst as the company tries to get its stock price up. ADXS has had multiple technical breakouts since making lows in the 30-cent range. Biotech Penny Stocks #5: PolarityTE, Inc. (NASDAQ: PTE) This biotech company develops and commercializes regenerative products for skin, wounds, and tissue. Last week the company announced it would present at the H.C. Wainwright Virtual Bioconnect 2021 Conference on January 11. The stock went down that day … It looks like a ‘buy the rumor, sell the news’ play to me. I’ll still watch it for a bounce after it had its first red day after going supernova. Biotech Penny Stocks #6: Acasti Pharma Inc. (NASDAQ: ACST) ACST is a Canadian biotech company that focuses on researching and developing prescription drugs for cardiovascular diseases. The stock has been uptrending since late December. That’s prompted the company to announce it’s unaware of anything that would affect its stock price. If the stock gets over $1, it could be a huge catalyst as it pops up on more traders’ radars with a multi-month breakout above a whole-dollar number. Biotech Penny Stocks #7: Seneca Biopharma, Inc. (NASDAQ: SNCA) SNCA develops stem cell therapies for nervous system issues. There’s no recent news on the company, but the stock is uptrending since December. It had a multi-month breakout above $1.33 and the next resistance area isn’t until $2.10. Biotech Penny Stocks #8: Enzolytics Inc. (OTCPK: ENZC) ENZC was on my biotech penny stock watchlist on December 30 when the stock was trading in the 7-cent range. It dipped to around 5 cents and has now bounced to almost 10 cents. I’ll watch the stock for continuation and a breakout over the next resistance level of $0.125. Remember to always watch recent runners — they often offer more than one trading opportunity. Biotech Penny Stocks #9: Novan, Inc. (NASDAQ: NOVN) NOVN develops treatments for skin ailments like acne, inflammation, and infections. January 8, the company announced it would participate in a fireside chat at the H.C. Wainwright BioConnect 2021 Virtual Conference from January 11–14. Biotech Penny Stocks #10: Onconova Therapeutics, Inc. (NASDAQ: ONTX) Onconova Therapeutics, Inc. develops treatments for cancer, with multiple products in varying phases of clinical trials. I’m watching this stock for a multi-day breakout over 75 cents and possibly another breakout over its high of 95 cents from January 5. 5 More Biotech Penny Stocks to Watch for Continuation These stocks were on my biotech watchlist last week. They could have the potential for further continuation or possible technical breakouts. Continuation Biotech Penny Stocks #1: Jaguar Health, Inc. (NASDAQ: JAGX) Jaguar Health Inc. was on my biotech stocks to watch list last week when the stock was trading around $2 per share. Before the end of the week, the stock set up for a multi-day breakout. It broke out, then continued as high as $4.47. It could consolidate again before possibly continuing higher. Especially since JAGX keeps blasting news releases about the potential for its diarrhea treatment for use in patients suffering from diarrhea caused by the coronavirus. Continuation Biotech Penny Stocks #2: Clearside Biomedical, Inc. (NASDAQ: CLSD) Last week I noted to watch this stock after it had a multi-month breakout above the $2.50s resistance level. Since then, the stock climbed as high as the $3.90s. It's now consolidating and set up for a multi-day breakout over $3.90 and another multi-month breakout over $4.10. There’s no recent news on the company — remember to sell into strength. Continuation Biotech Penny Stocks #3: Fuse Science, Inc. (OTCPK: DROP) When last week's watchlist went out, DROP was consolidating in the $0.015 area. It’s since had a multi-day break out above $0.0169. The company develops and commercializes delivery technology solutions for medications, supplements, nutrition, and energy products. Really, it’s more of a drone play than a biotech penny stock… It was on my watchlist because there could be potential in drone plays with more people ordering items online. The stock’s also a former runner, so I’ll watch for continuation. Continuation Biotech Penny Stocks #4: Generex Biotechnology Corporation (OTCQB: GNBT) Last week I noted GNBT had its first green day. It was close to a multi-month breakout area between 25 cents and 28 cents after it filed for a trademark for its coronavirus vaccine. On January 11, the stock broke above those levels and traded as high as 40 cents a share. The stock closed near its highs. It could gap up and continue up. Continuation Biotech Penny Stocks #5: Tauriga Sciences, Inc. (OTCQB: TAUG) This stock was on my list last week when I traded it on January 4 and made a profit of $282.* The stock continues to run and has a multi-day breakout level set up at 20 cents. It could break out or retrace downward and offer an opportunity to trade the bounce. Get my “Pennystocking Framework” DVD to learn the pattern. 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. Most of my top students are moderators in the chat. They’re there to answer questions, share their opinions, 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 millionaire 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!