The cryptocurrency craze is in full swing… but there’s still a chance for you to hop on board and claim your riches.
It’s all thanks to this penny stock!
It’s clear that Bitcoin and all the other cryptocurrencies are gearing up to change the world, that’s why you won’t want to miss this opportunity before it takes off!
Even though the crypto-craze is in full swing, there’s still so many people (including market professionals) who don’t understand it—and, more specifically, don’t know how to invest in it.
Much like the crazy, over-complicated processes thrown around on Wall street, the people who know how to make money off cryptocurrency don’t want everybody else jumping in on the bandwagon.
…but I’ve landed us a seat on this bandwagon, and it’s going to take us all the way to riches, while everybody else sits idly by.
We’re going to use a fantastic looking penny stock to take these riches.
No… this crypto-penny stock doesn’t require you to have some fancy crypto-wallet and you don’t need access to any complicated crypto-exchanges.
You also shouldn’t be worried about the credibility of this penny stock… I feel like a broken record, but:
The penny stocks we trade aren’t pink-chip, Wolf of Wall Street stocks that are going to disappear with all your cash.
The penny stock I’m talking about is traded on the Nasdaq ($COMPQ)… one of the largest U.S. stock exchanges.
So, no worries there.
Now that’s out the way, consider this:
You’ll remember the dot-com surge (and eventual bubble) in the late-90s/early-00s.
You remember how many companies changed their business model to accommodate this surge in this tech industry?
Every single company added .com to the end of their company and their stocks skyrocketed.
It was essentially how Amazon started and became the Wall Street behemoth it is today.
Well, similar things are happening in the crypto-world.
The penny stock I’m talking about is the parent company of Hooters…
That’s right, Chanticleer Holdings (BURG), the parent company of Hooters, is dipping its toes into the world of cryptocurrency
Early this week, the holding company presented a new rewards program that rewards customers with its own cryptocurrency, Merit.
This announcement saw the stock jump 95% in a single day before settling back down before market close.
But, as you should know by now, we don’t buy stocks based on what we hear in the news. That’s where the technical analysis of this chart comes in.
Take a look:
The blue line on that chart is the 40-week moving average.
As you can see, BURG has taken a beating over the past few years, but the recent business adjustment could be the start of something special.
BURG broke above its 40-week twice in this chart: both times, June 2013 and February 2015, the stock jumped over 100% from the breakthrough price.
Take a look at the right of the chart—the stock has broken above its 40-week again, but this time it’s accompanied by heavy buying volume (the tall vertical bar on the very right of the screen.
If the 40-week starts turning up before the end of the week AND the stock closes the week within 10% above the moving average, I’ll be looking to take my crypto riches from this penny stock.
