If you are looking to add some additional stocks to your trading portfolio, choosing a percentage to contribute to these stocks for a long term investment may really pay off.
Top U.S. Pot Stocks: Stock #2 –
Liberty Health Sciences OTCMKTS: LHSIF
Liberty Health Sciences is a classic penny stock in the hotly contested pot stock market.
At first glance, it is clear that the stock has long been between 0.50 and 2.00. This is typical of Penny Stocks, but another characteristic of Penny Stocks is that they offer great opportunities for rapid and price rises.
Frequently, stocks like Liberty Health Sciences break out of a long-term sideways range with an enormous movement.
A little bit closer …
If we take a closer look at the share price performance, for example here since September 2018, it becomes clear that it is quite possible to achieve solid earnings. Short-term traders in particular can generate nice profits through low capital investment and significant movements within the long-term range.
Between 1.20 – 1.30, the last local high marks a clear resistance zone. Here traders should definitely set the first price target. Currently, the market is moving in an uptrend channel. Entries can be at the lower boundary of the channel as well as in case of a breakout to the upside out of the channel.
Day traders can also get their money’s worth in this market. In the last few days there have already been several promising ones.
In the current market situation, a short-term trade to the upper limit of the trend channel is possible on the hourly chart.
The trend channel has lasted until the market breaks either the upper or lower limit sustainably. If this is not the case, the channel’s boundaries should continue to be the most important chart brands.
In summary, Liberty Health Sciences offers many opportunities but of course also risks. Traders and investors should keep in mind that in the long run the market is in a narrow sideways range. In the short term, however, nice profits can be made by range-grading. Daytraders will love this market!