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“Penny Stocks to Buy Using Technical Analysis for December 2020”

Cyanotech Corporation (CYAN) 

Fifteen out of the seventeen one-day moving averages tracked by TradingView.com are pointing to a Strong Buy signal for Cyanotech Corporation (CYAN) at the moment. These include the exponential moving average (5, 10, 20, and 30) and the Hull Moving Average (9). The long-term outlook may not be as sunny, but I’m expecting a surge in prices in the short term…

Bioceres Crop Solutions Corp. (BIOX)

Okay, Bioceres Crop Solutions Corp. (BIOX) admittedly isn’t quite a penny stock at its current price of $5.84, but it’s close enough. A white Marubozu candlestick for Bioceres may be indicating that the stock is set to climb much higher over the next week or so. That, combined with some non-technical analytics including excellent earnings per share (EPS) figures and a great P/E ratio (and, like Cyanotech, many positive one-day moving averages), leads me to believe that a new wave of shareholders may well have their eyes on Bioceres. Prices could accordingly skyrocket shortly…”

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