CJC, RKR :Two Penny Stocks To Consider

 

We're frequently asked about penny stocks since resource stocks have done well this year, especially those related to precious metals and lithium.

We hold and accumulate many such issues, not diarized within this blog, and intend to keep holding and accumulating in the hope of greater gains. 

Of the many dozens we follow, here are two that look good to us currently based on the charts and the fact that they're holding their gains thus far on little or no volume above levels of past resistance. 

CJC, Canada Strategic Metals (CJCFF in the US) is compelling above the red line at $0.15 

RKR, Rokmaster Resources is a buy & hold at current pricing above $0.05, in our estimation.

We'll refrain from detailing or speculating on the projects these companies are involved in.  For us the bottom line is that these sectors should continue to do well in the intermediate to long term, which makes these stocks great candidates for massive price appreciation. 

Of course with a stock that costs just $0.05 a sell at the bid can drop the price by a penny, which is 20%, so it's pointless to set a stop level based on percentages.  These are very highly speculative.

Typically we adhere to the trend lines (in black on the charts above) and if a stock rises 100% while in your possession we suggest selling at least half to recoup your original risk capital.

Disclaimer:  We already hold shares in both companies.



 

 

 

 

 



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