In this article, we take a look at 4 penny stocks on our OTC stocks list American Battery Metals (OTCMKTS: ABML), Artificial Intelligence Technology Solutions (OTCMKTS: AITX), MindMed (OTCMKTS: MMEDF), and Water Technologies International (OTCMKTS: WTII).
Finally a green week!!
It’s been a tough few weeks for OTC investors as most OTC stocks topped out early February and it’s been a steady downtrend ever since. However, things changed on Wednesday, April 21st when we saw an across-the-board rally, which we discussed here.
We saw many of our favorite names put in strong performances and that strength continued into Friday. Now a few days does not mark the end of the bear market, but we really like the recent price action and we explain why in our latest video.
In the video below, I discuss trading psychology, how to use the 200-day moving average to find buy points, booking profits, the art of scaling into a position, and go over the charts of WTII, MMEDF, ABML, OZSC, HCMC, SIRC, LTNC, NWBO, ENZC, and HMBL.
FIND THE MOMENTUM BEFORE IT HAPPENS
The best hedge in both bull and bear markets is to look for penny stocks that haven’t run yet. This is what we do at Insider Financial. We scan through hundreds of penny stocks each week looking for the best alerts for our subscribers.
We preach the key to trading penny stocks is finding momentum BEFORE it happens and then be patient. Now, when we say that we find momentum BEFORE it happens, we are investors looking to position our subscribers BEFORE the move happens.
We always alert our subscribers first before we publish for our regular readers. This is the value of having a subscription to Insider Financial, which you can sign up for here. We alert our subscribers with our best ideas before our regular readers.
This is where the big money is made and why so many of our subscribers were not stressing the recent pullback. Most took money off the table at higher prices and used those profits to buy the dips. By taking money off the table, some now have a bigger position than before.
As we’ve been telling our subscribers, the foundation of a great fortune is built during bear markets when there is blood in the streets. This selloff is when you wanted to be putting cash to work by buying quality penny stocks like these 4 on our OTC stocks list.
OTC Stocks List #1 ABML
We recommended ABML to our subscribers last year when ABML was just $.06 a share, which you can read here. Subscribers are still sitting on gains of 3100%!!
ABML bounced perfectly off the 200-day moving average of $.9941 a share. The 200-day and even numbers like $1 are typical support and resistance levels for investors to play.
We see ABML as having enormous potential. The company’s proprietary extraction and recycling processes will produce battery-grade lithium and nickel that can be sold directly to cathode manufacturers to tackle the growing consumer demand for EVs, cell phones, personal computers, and electronics such as power tools – that use lithium battery technology as power sources.
Renewable energy plays like ABML are great ways to bet on Biden’s big infrastructure plan. Once the company opens its first-of-kind lithium battery recycling pilot plant in Fernley, we are going to see an epic short squeeze.
OTC Stocks List #2 AITX
AITX is on our OTC stocks list as we profiled back in December when it was under $.02 a share and which you can read here.
Like ABML, AITX is also bouncing off its 200-day moving average. The 200-day just below $.05 provided strong support from which to initiate a dip buy position.
AITX has been putting out a steady stream of press releases. The company’s Robotic Assistance Devices (RAD) division keeps landing new contracts.
RAD is a high-tech start-up that delivers robotics and artificial intelligence-based solutions that empower organizations to gain new insight, solve complex security challenges, and fuel new business ideas at reduced costs. RAD developed its advanced security robot technology from the ground up, including circuit board design and base code development.
RAD has complete control over all of the design elements, performance, quality, and the user’s experience of all security robots, whether SCOT™, ROSA™, Wally™, Wally HSO™, AVA™, or ROAMEO™.
Last week, RAD announced two major contracts. One with St. Moritz Security Services, Inc. and the other with a major US airport authority that owns and operates several airports.
OTC Stocks List #3 MMEDF
We first told our subscribers about MMEDF back in September when it was just $.63 a share, which you can read here. MMEDF is just another example of when we say find the momentum BEFORE it happens!!
MindMed is running as it will begin trading this week on the NASDAQ.
“The listing of our stock on the Nasdaq represents a significant milestone in our growth as a publicly-traded company,” said J.R. Rahn, CEO and Co-Founder of MindMed. “We believe this listing will increase our visibility in the marketplace, improve liquidity, broaden and diversify our shareholder base, and ultimately enhance long-term shareholder value. I would like to thank our employees, management, directors and our many collaborators for their hard work in making MindMed a member of the Nasdaq exchange, an important step that will help facilitate our mission to discover, develop and deploy psychedelic inspired medicines and therapies to address addiction and mental illness.”
Listing on NASDAQ will allow more institutions to purchase shares in MindMed. We see the momentum in MindMed continuing as more investors discover this exciting psychedelic play. Luckily, Insider Financial subscribers already know about MindMed. Congratulations to all in MindMed!!
OTC Stocks List #4 WTII
We were alerted to WTII by Alexander DeLarge on Twitter.
The best OTC stock! $Wtii my new #1
Low float products and news much DD to share this weekend we see .25 fast!!
Enjoy your gains! pic.twitter.com/CnqACpxWCr
— Alexander Delarge 655321 (@AlexDelarge6553) April 23, 2021
WTII put out news last week that its wholly-owned subsidiary, Water Zone, Inc., signed an agreement with a manufacturer of a whole house reverse osmosis system to be sold in a national chain of “Big Box” home improvement stores throughout Florida. The rollout will begin in May and with start with 6 stores in Florida. The RO system can produce 1,200 gallons of clean water a day.
Water Technologies, Inc.’s CEO, William Scott Tudor, said, “I am excited about selling a great product that produces clean drinking water for your whole house or business. This is a great product, and to have the traffic come to us and be able to sell out of a well-respected Home Improvement store gives us a big advantage. I see us gaining additional residential and commercial business by introducing our product lines for clean water and should increase and diversify our revenue growth.”
WTII has evolved as a “Pure Water Play”. The Company has technology and patents for atmospheric water generation, water filtration, designed mainly for drinking water, water for agriculture, and a full line of wastewater treatment solutions.
As you can see from the chart above, WTII can get moving fast because it’s a low-floater that has a current market cap of just $15 million.
As we keep saying, there are always opportunities in the markets and it’s our job to find winning OTC stocks for our subscribers. Huge gains can be made in such a short amount of time.
If you like any of these 4 on our OTC stocks list, our best advice is to be patient and throw bids in below the market. Buying dips and selling rips as swing trades remains the best strategy.
It’s also important to look for OTC stocks that have yet to run. There are plenty of opportunities out there and we look at hundreds of OTC stocks to buy each week trying to find the best alerts for our subscribers.
Remember, all it takes is one or two to become a winner and you’ve crushed the market indices for the year.
As always, good luck to all (except the shorts)!
WHEN INSIDER FINANCIAL HAS A STOCK ALERT, IT CAN PAY TO LISTEN. AFTER ALL, OUR FREE NEWSLETTER HAS FOUND MANY TRIPLE-DIGIT WINNERS FOR OUR SUBSCRIBERS. WE SPECIALIZE IN FINDING MOMENTUM BEFORE IT HAPPENS!
Disclosure: We have no position in any of the securities mentioned. We wrote this article ourselves and it expresses our own opinions. We are not receiving compensation for it. We have no business relationship with any company whose stock is mentioned in this article. Insider Financial is not an investment advisor and does not provide investment advice. Always do your own research and make your own investment decisions. This article is not a solicitation or recommendation to buy, sell, or hold securities. This article is meant for informational and educational purposes only and does not provide investment advice.