How to choose a penny stock that might rise in the long term?

can spot penny stock long term hold....and define penny sake of discussion stock valued @ under $1 , above $0.01. there several stocks above $1 have decent financial reports , not susceptible manipulation.

define long term on 3 months...(a daytrader considers holding stock week long term, swing trader considers 3 week hold long term)

these parameters have defined because otherwise question meaningless.

invest in pennies , have held several of them long term defined above. did not say..."this stock long term hold!!!" few exceptions don't stock.

once stock chosen (based on type of stock, product, commodity or service, position among competitors , charting timing of buy), have established resistance support levels. long stock lies within these boundaries leave alone (selling if falls below support level). if stock rises resistance point evaluate stock see if worth keeping or not , assess whether stock has chance pass resistance...if passes new resistance level determined , keep stock , process repeats.

long see rise in stock keep it...so long term hold not initial goal if stock performs turn such hold.

key find pennies in first place , takes study, knowledge of business, commodity, product or service, ability understand fundamentals , knowledge of charting time purchase. process takes long time develop, many errors in judgement along way (from learn from) , cannot taught in few hundred word answer.

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