My Penny Stock Pick for Next Week

I found a new stock which has a huge upside with limited downside potential… the best part is that it’s less than $2. By continuing to read you agree to www.aditdayal.wixsite.com/disclaimer.

Alright, so we had an insane week this week. We called FTFT 0.00%↑ for +15%, EVFM 0.00%↑ for +20%, and the best trade late on Friday with FAZE 0.00%↑ popping +70% on news. The interesting thing about those first two stocks is that they were both cheap, leading to a lot of retail buyers. I think there’s another stock that can pop like those. Let’s take a look:

SBIG 0.00%↑ is $1.82 and I think this stock can reach $3+ over the next week.

When looking at the chart, we can see just how bottomed this stock is. Nice support at $1.60 where we can set our stop loss. With huge volume today at almost 7x the daily average we can see that money is flowing in (volume precedes price!). Now why do I think this specific stock can run?

This formerly SPAC stock has a float of 1.7 million which is extremely low, so we know that high price movement can be created with a limited amount of volume.

SBIG 0.00%↑ PT: 3 SL 1.60

Recently we have seen CMRA 0.00%↑ and PGY 0.00%↑ all make insane moves as they were also de SPAC low float stocks under $2, so we are following the theme here.

I own a few shares at $1.79.

Other than that I think FAZE 0.00%↑ (currently dipped back to $12 in the after hours trading session) can squeeze much higher next week as it has 120% short interest and over 350% cost to borrow! I will look to enter the 17.5C on Monday if IV is not too high. Anything under 0.50 is a steal to me. No position there yet.

FAZE 0.00%↑ PT: 22 SL: 10

Those are some of my plays for the week, enjoy!