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Sunday, March 7, 2021

Been examining a bunch of OTC penny stocks with one having a 12 month target price of $3.70

        Continuing to add more stocks onto our portfolio before we check upon the stock futures later on this Sunday afternoon.      With the recent news of the Democrats from the Senate finally agreeing on the president's bill and taking it to the final vote on Tuesday 3/9/21.     This possibly could drive the stock futures up on Sunday 3/7/21 before the US stock markets open on Monday morning.       This one technology penny stock that we found it to be quite interesting, with it being in the crypto currency headquartered in Toronto, Canada.   It closed last Friday 3/5/21 at .2579, its OTC stock symbol is KHRIF and the name of the stock is Cypherpunk Holdings Incorporated.     The only thing is that the MACDs is showing the red line hanging above the blue line.     Giving indication that the price on this stock to drop in price, since 11/6/2020 there has been a lot of activity on the stock having a steady push upward.

      For the way the MACDs are looking on this stock and wanted to jump on placing some bid to purchase it.    With it looking more likely to drop on price, we would look at more likely placing a bid below that .2579.      The next stock we are examining is HyreCar Incorporated from on the NASDAQ, it closed last Friday 3/5/21 at $8.29 a share.    The stock symbol is HYRE, it is being followed by 4 analyst, with a average 12 month price target of $16.50.     The low price target is at $13 and the high price target is at $19 dollars for the 12 month target.      Right now this stock is being driven downward quite a bit on the MACDs with the red line in control.      The way that the MACDs red line tugging against the price on this stock it looks like that it should head down towards around $8 dollars a share.     Plus this stock just went under that threshold of 40.00 percent on the Relative Strength Index.     Its not showing itself turning around yet on the MACDs without the blue line showing any productive gain to push the stock price up.

       So this stock could fall under $8 dollars a share soon and so waiting on this investment to get a better value on purchasing shares.       Two-thirds of the stock futures are on the negative side with the DOW the only one on the positive side.       Here is the stock futures going into early Monday morning: DOW is up by .21 percent, the S & P 500 is down by .05 percent and the NASDAQ is down by .66 percent at 6:44 pm PST.      The US dollar has been rising since 7:49 pm EST when it was at $91.86 and has jumped up by .10 cents to $91.96 and is .02 cents away from last Friday's closing of $91.98 at 6:47 pm PST.      The dollar has pushed up past $92 and is heading higher, the stock futures are falling: DOW is up by .12 percent, the S & P 500 is don by .16 percent and the NASDAQ is down by .81 percent at 7:00 pm PST.      At the moment the US dollar has increased by .20 cents since that 7:49 pm EST and is at $92.06 at 7:03 pm PST.        All stock futures are being driven downward with the: DOW at .00 percent, the S & P 500 is down by .32 percent and the NASDAQ is down by 1.03 percent at 7:06 pm PST.       Right now the dollar has lost some of its momentum with it starting to drop at $92.04 at 7.:08 pm PST. 

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