Right now, trading penny stocks and blue chips is difficult due to the high rate of volatility in the stock market. And while it is challenging, there are still ways to make money. The main factors at play in the stock market in May include rising interest rates, inflation, geopolitical tensions, and more. And because of this, volatility is extremely high right now. In addition to this, we are also seeing major bearish sentiment due to the future holding a great deal of unknowns.
Keep in mind that while buying and selling penny stocks is easy enough, timing your buy and sell orders is the real challenge here. You have to do some serious research on each stock you want to buy. Some of the things you should be looking at are technical analysis charts and financial statements, but also taking a look at insider trading trends and news surrounding the company.
All these factors will help in finding penny stocks that can fluctuate enough for you to make money on them. With all of this in mind, let’s take a look at three hot penny stocks that investors are watching right now.
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