Penny stocks trading near the important support level; keep them on your watchlist! Penny stocks trading near the important support level; keep them on your watchlist! Technical indicator that helps investors identify potential turning points in a stock's price trajectory. Karan Dsij / Wednesday, June 21, 2023 / Article rating: 4.4 In this article, we delve into a curated list of penny stocks that are currently hovering near significant support levels.