Analyst Thinks This $3 Stock Could Have 85%-Plus Upside Potential

| September 8, 2022

We recently started a series called “Penny Stock of the Day”. These ideas are geared towards traders with an extremely high risk appetite.

Our Penny Stock of the Day is chosen by screening for stocks under $5 and then applying technical analysis on the shortlisted set of penny stocks showing unusual volume. When making these trades, please make sure to pay vigilant attention to pricing moves and have a strict stop loss in place to avoid significant losses.

Today’s penny stock pick is the Canada-based gold and silver mining company, Kinross Gold Corporation (NYSE: KGC).

On analyzing the company’s stock charts, there seem to be multiple bullish indications…

See what they are and a recommended trade based on the charts.

This post originally appeared at TradesOfTheDay.com.

Category: Options Trading Strategy

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The author of this article is a contributor to TradesOfTheDay.com.