Hi Balti,
I have extended the triangle you drew. If KLNG was not an OTC stock I would consider paying this one a lot more attention. As WEagle has already mentioned, he and I buy stocks that are on the three major exchanges here in the US. The NYSE, AMEX, and NASADAQ. Years ago, I ventured into the OTC world, and also into the Pink and Gray sheets. On can make money in the OTC world, but you can also lose it faster especially when the companies begin to do Reverse Splits one after another. Even though I knew better I bought a stock and had 10,000 shares. Today I have only 1 share of that stock and it needs to trade above $20 for me just to break even. The last trade was in January 2022 at $1.00.
My best advice to you is examine the chart of a stock you are interested in. I have learned not to buy on an impulse. It is like buying the first new car you see, and afterwards you have buyers remorse. If I see a chart that I like, I will study the chart sometimes for several days as that I want to make sure I understand what I am seeing, or think I am seeing. Once I pull the trigger, I am in for the long haul. I will say this, there have been times that I have bought a stock and sold it 3 months later from anywhere between 250% to 400%. Though this does not happen much, it does happen from time to time, but do not buy thinking you will be able to sell for over 200% profit so soon. I held one stock for almost 6 years before I sold out for over 230% profit.
Hope you have many profits in your future.
I2000 |
