As the current macro environment of high inflation and rising interest rates have severely impacted the market, investors are constantly looking for the next big runner to secure profits in the middle of this bear market. While they have major risks associated with them, trip plays could be attractive for investors as they could generate such returns if picked correctly. For this reason, we have identified 7 promising cheap stocks with upcoming catalysts that could trigger major runs in the near term.
Cheap Stocks: PRDL Stock
While it remains a shell company, Profitable Developments, Inc. (OTC: PRDL) is one of the trip plays gaining momentum lately after announcing Tony Hicks as its new CEO. Under Hicks’ leadership, PRDL intends to operate in the emerging smart city and smart road technology. With this in mind, many investors are bullish on this business direction given Hicks’ experience in this sector.
During Hicks’ tenure as CEO of Premier Products Group, Inc. (OTC: PMPG), PMPG entered into an agreement with NPI Mobile for the exclusive worldwide rights of NPI’s 21 international two-way communications and smart road technology patents. At the same time, PMPG formed a JV with NPI – SmartRoad Turtle, LLC. This JV aimed to install SmartRoad access technology and AI solutions to create smart roads and future smart city solutions in the U.S. and across the world. With this in mind, that JV was expected to generate revenues immediately with the potential to generate more than $100 million over the first five years.
Now that Hicks is leading PRDL in its next phase, many investors are speculating he could bring this JV under PRDL’s umbrella thanks to its updated business description. In this way, PRDL stock could be poised for substantial long-term growth considering the growing interest in such technologies. Based on this, accumulating PRDL stock in trips could be one of the profitable cheap stocks to invest in as it could reach greater highs with more updates.
Technical Analysis
Currently, PRDL is trading near its resistance at $.001 and has another resistance at .0014. The stock also shows supports at .0008, .0006, and .0004. While PRDL has been gaining momentum over the past weeks, the stock has been unable to break through its resistance. Based on this, investors could find a good point near the $.0008 support as it appears to be holding strongly.
Accumulation is continuing to trend upwards as investors remain anticipating updates from PRDL regarding a potential reverse merger. Meanwhile, the MACD is bearish which could be attributed to investors taking profits following the stock’s 240% run. The RSI is at 51 which leaves enough room for the stock to run on any updates.
Media Sentiment
Cheap Stocks: HVCW Stock
As one of the promising solar stocks, Harrison, Vickers & Waterman, Inc. (OTC: HVCW) is another trip play that could explode in the near term. Following its reverse merger with Modern Pro Solutions, HVCW has been climbing investors’ watchlists as MPS is already an industry leading player in the California market. With this in mind, MPS has been able to realize more than $49 million in revenues from its various businesses including solar, roofing, HVAC, security, distribution, consulting, lead generation, marketing, sales, data, software and mortgage. Based on this, the promising solar company was ranked 87 overall in the annual Inc. 500 while being ranked 13 in California and fifth in the energy sector. Considering the company’s stature in its market, HVCW could be one of the cheap stocks to hold onto for the long-term.
While the company already has a strong foothold in California, MPS is aiming to venture into new markets and plans to enter 10 new markets by 2024 including the lucrative Texas market. In this way, HVCW could be a profitable long-term investment opportunity for investors at its current PPS.
Meanwhile, HVCW stock could be well-positioned to run in the near term as the company finally released its Q1 financials showing MPS’ revenues and assets. Considering that the company was able to generate $16.5 million in Q1, HVCW could be well-positioned for substantial growth once its expansion plans come to fruition. Now that the company’s financials are up to date, HVCW would regain its current status and the shell designation could be removed. In light of this, HVCW could be one of the trip plays to watch over the coming weeks.
Technical Analysis
HVCW stock is currently trading at $.0006 and has supports at .0005 and .0003. Meanwhile, HVCW shows resistances at .0008, .0011, and .0014. A death cross recently occurred and the stock is trading below both of its MAs. In this way, bullish investors could wait for a retest of the $.0005 support to enter their positions since it is a strong support level.
As investors have been anticipating the company’s financials, accumulation has been trending upwards. Meanwhile, the MACD recently turned bullish as a result of the company’s solid revenues. The RSI is at 52 indicating that HVCW could be poised to run once its shell designation is removed and regain Pink Current status.
Media Sentiment
Cheap Stocks: SFLM Stock
Since 2003, SFLMaven Corp. (OTC: SFLM) has been making profits by selling high-end luxury jewelry and goods through its ebay auctions. These auctions have been extremely successful as the company was able to realize more than $130 million in sales since its inception. Despite the profitability of this business model, SFLM is heading into a new business direction following the appointment of Chad MacKay as its new CEO.
Under MacKay’s leadership, SFLM intends to pursue acquisition and technology licenses opportunities that could be impactful in their industries. With this in mind, an acquisition could be approaching as MacKay shared that the company’s team “has built an impressive deal flow of prospects that could be acquired or technology that could be licensed by SFLM”. In light of this, SFLM stock could be set to explode once more updates are released.
On that note, news could be coming soon as SFLM is currently working with a credible university on new disruptive technologies in the lithium mining industry for electric batteries. Given the potential of this industry, SFLM stock could be poised for significant growth if this business plan is executed successfully. As the company is preparing to divest its legacy business by the end of this month, many investors are anticipating more updates regarding the new business direction could be right around the corner. In this way, SFLM stock could be one of the best cheap stocks to accumulate at its current PPS.
Technical Analysis
SFLM stock is currently trading at its resistance at $.001 and shows another resistance at .0012. The stock also has supports at .0008, .0006, and .0004. SFLM stock recently tested its support multiple times which could be a bullish sign of a run in the near term. At the same time, the stock is trading above both of its MAs which could be a confirmation of an upcoming run. With the stock now trading at a major resistance, bullish investors could accumulate shares on pullbacks as the company’s new business direction could be extremely profitable.
On that note, accumulation has been trending upwards over the course of this month and the MACD recently turned bullish. The RSI picked up from 47 to 60 which could be a signal for an upcoming run in the near term – especially as more updates could be imminent.
Media Sentiment
Cheap Stocks: BBRW Stock
BrewBilt Manufacturing Inc. (OTC: BBRW) is one of the promising cheap stocks that is focused on designing and manufacturing custom brewing and fermentation equipment for craft brewers. Considering that the brewery equipment industry is expected to reach $25.6 billion by 2027, BBRW stock presents an intriguing opportunity for investors looking to invest in this industry at its low PPS. With this in mind, BBRW has been delivering constant growth in its operations and is looking to further expand its footprint to the East Coast and Europe. In this way, BBRW could be poised for substantial growth in the long-term.
With this in mind, BBRW recently held a meeting with a California-based entertainment and hospitality company with more than 100 hotels, restaurants, and lounges under its umbrella. If an agreement is reached between both companies, BBRW expects to realize $75 million in brewhouse production revenue as well as more than $100 million in management and craft beer production revenue. Since such revenues could place BBRW as one of the most profitable OTC stocks, BBRW stock could be well-positioned to receive a boost in its PPS with more updates regarding this endeavor.
Meanwhile, BBRW has plans to uplist to a major exchange to attract new investors into the company. At the same time, the company intends to launch a share buyback program, reduce its debt, and launch a dividend program for its shareholders thanks to its constantly increasing revenues and assets. As many investors are bullish on the company’s future plans, BBRW stock appears to be one of the cheap stocks poised to reach the penny mark.
Technical Analysis
Currently trading at $.0003, BBRW stock has a major support at .0002 – its 52-week low – and shows resistances at .0005, .0008, and .0013. After sharing the potential revenues from its meeting with the entertainment and hospitality company, BBRW stock climbed 150% on the news. In this way, BBRW could be poised to break through its resistance if an agreement is reached between both companies. BBRW is currently testing its 50 MA resistance which it has not been able to break through. As a result, bullish investors could wait for retests of the support to enter a position into BBRW stock.
Since sharing the news regarding the meeting, accumulation has been trending upwards as BBRW could be extremely undervalued if an agreement is reached with the California-based company. However, the MACD is bearish which could be attributed to investors taking profits. The RSI is holding at 48 which leaves enough room for the stock to run on any updates regarding the $175 million revenue opportunity.
Media Sentiment
Cheap Stocks: EEGI Stock
Despite being a shell company, Eline Entertainment Group, Inc. (OTC: EEGI) is one of the cheap stocks worth looking into as it could be on track to become operating soon. While the company is yet to share updates regarding merger or acquisition targets, EEGI stock could be one of the most promising cheap stocks after adding Rhonda Keaveney as CEO. With this in mind, many investors are bullish on EEGI stock’s future prospects given Keaveney’s experience in securing profitable deals for her companies.
For more than 20 years, Keaveney has been working with micro cap and small cap companies assisting them with corporate restructuring and reorganization. At the same time, Keaveney has been focused on turning shell companies into operating companies by securing profitable reverse mergers. Out of her endeavors, Keaveney has led Engage Mobility, Inc. (OTC: ENGA) to run to $4.85 after securing a reverse merger with social network Bebuzee, Ltd. As a result, many investors are watching EEGI stock to have a strong run when a reverse merger is announced.
In light of Keaveney’s experience and track record, EEGI could be poised for major growth in the future as the company recently filed a form 8K for a change of control. According to this agreement, Chi Ching Hung acquired the controlling block in EEGI and was issued 250 million shares in exchange for $250 thousand. Based on this, Keaveney resigned from her role as EEGI’s sole director and officer to make way for the upcoming management team. In this way, Hung is now EEGI’s chairwoman and director, while Chi Wai Woo assumed the roles of president, CEO, CFO, and director. Given that the new management team has held leadership roles in a number of publicly traded companies, EEGI stock could be one of the cheap stocks to hold onto for more news regarding its anticipated merger.
Technical Analysis
Following an 80% run overnight, EEGI stock is trading at its resistance at $.0009 and shows another resistance at its 52-week high at .0014. The stock also shows supports near .0006, .0004, and .0002. With the company closing its change of control, investors are watching for an announcement regarding the expected reverse merger. Considering the experience of EEGI’s new management, the company appears to be poised to secure a profitable reverse merger. As the stock is gaining momentum following its change of control, bullish investors could enter a starter position at the current PPS and average up as the stock moves.
Upon announcing the change of control, accumulation spiked significantly and the MACD is bullish to the upside. At the same time, the RSI picked up from 52 to 77 indicating that EEGI stock is currently overbought. While these indicators show that EEGI could be poised for a pullback, the strong bullish sentiment surrounding the stock could allow it to continue its run this week.
Media Sentiment
Cheap Stocks: GRLT Stock
A developer of early-stage restaurant brands, GRILLiT, Inc. (OTC: GRLT) has been operating through the only specialty pretzel pub in the US – The Pretzel Haus. While the company is looking to expand this brand’s footprint regionally and nationally, GRLT is set for a major expansion in its business model after agreeing to acquire a 93.8% stake in Global A Brands Inc in exchange for $28.8 million. Considering the company’s market cap of only $2.3 million, GRLT stock could be one of the undervalued cheap stocks to buy given the upside potential of its merger.
As a multinational company focused on developing early-stage businesses within the luxury goods and lifestyle market segments, GAB could position GRLT stock for substantial future growth upon the closing of the deal. This growth could be delivered through GAB’s 10 subsidiaries operating through its 4 divisions – liquor, cosmetics, distribution, and gaming. With this in mind, the merger could be set to be finalized soon as the company has recently added GAB’s CEO Manny Lopez as its CEO and filed for a name change with the Nevada SOS. In this way, GRLT stock could be one of the cheap stocks to watch closely this year in anticipation of more news. Considering the high volume GRLT is witnessing and Lopez promising several announcements soon, GRLT stock could be one to hold onto as it could soar on any updates.
Technical Analysis
GRLT stock is trading at $.0006 and has supports at .0005 and .0003. Meanwhile, the stock shows resistances near .0007 and .001. As the merger with GAB could be on track to be finalized soon, GRLT is witnessing strong buying activity as investors are looking to secure cheap shares before the merger’s announcement. In this way, GRLT has been holding its support at $.0005 which could be a good entry point for bullish investors. With this in mind, a golden cross of the MAs recently occurred which could send the stock to retest its resistance. Given the bullish sentiment surrounding the company’s merger, GRLT stock could be poised to retest its 52-week high of $.0013 on more news.
Accumulation is trending upwards as an announcement regarding the closing of the merger could be imminent and the MACD is bullish. The RSI is holding at 57 which leaves enough room for the stock to move in either direction.
Media Sentiment
Cheap Stocks: CIVX Stock
Since agreeing to reverse merge with Coke Hunter Hospitality Group, CTR Investments & Consulting, Inc. (OTC: CIVX) has been one of the hot penny stocks thanks to the company’s potential profitability once its plans come to fruition. While CIVX stock has dipped hard and currently in trips, the stock appears to be one of the cheap stocks worth investing in as it has a number of major catalysts right around the corner.
On that note, CIVX has been delivering on its promises since announcing the reverse merger as it recently acquired its first convenience/gas store location in South Carolina from Roots Oil. As the company’s first venture in this segment, CIVX could bolster its financials significantly given that this location generated $1.5 million in revenues last year. By adding this location to the company’s existing WayBack Burgers and Hot Wings brands, CIVX stock could be one of the best cheap stocks to add at its current low PPS.
Despite the company’s brands and recent acquisition, CIVX remains a shell company as it is yet to post its annual report. With this in mind, the company is working to release its financials soon which are set to include revenues. Meanwhile, CIVX is currently in the process of finalizing a number of acquisitions and intends to release updates regarding these deals once its SS is updated with the OTC Markets and its transfer agent. With the company preparing for this potential influx of announcements, CIVX has set up a news wire account to share its upcoming PRs with shareholders. In light of this, CIVX stock could be one of the cheap stocks to watch this year as it has significant potential to soar on the upcoming news.
Technical Analysis
CIVX stock is trading at its resistance at $.0009 and also has resistances near .0011 and .0016. Meanwhile, the stock shows supports at .0007 and .0004. Since CIVX is trading in a channel between its MAs, a break through the resistance could signal a major run for the stock. With this in mind, such a run could materialize if the company’s annual report shows substantial revenues as CIVX is targeting $20 million in revenues in 2 years. With the company still waiting to update its SS with OTC Markets and its transfer agent, the current PPS could be a good level to accumulate shares as the company intends to share PRs regarding a number of acquisitions.
Accumulation has been trending upwards over the past months thanks to CIVX’s potential. However, the MACD is bearish but could be approaching a crossover and the RSI is holding at 49. In light of this, bullish investors could find good entries near the current PPS as CIVX stock could be poised to surge in the near future.
Media Sentiment
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