We recently started a series called “Penny Stock of the Day”. These ideas are geared towards traders with an extremely high risk appetite.
Our Penny Stock of the Day is chosen by screening for stocks under $5 and then applying technical analysis on the shortlisted set of penny stocks showing unusual volume. When making these trades, please make sure to pay vigilant attention to pricing moves and have a strict stop loss in place to avoid significant losses.
Penny Stock of the Day: Strive Asset Management, LLC (NASDAQ: ASST)
Today’s penny stock pick is the Strive Asset Management, LLC (NASDAQ: ASST).
Strive Asset Management, LLC is a privately owned investment manager. It primarily provides its services to investment companies. The firm is a large advisory firm, an investment adviser to an investment company which provides portfolio management for investment companies. The firm invests in exchange traded funds. The firm conducts in-house research to make its investments. The company has recently pivoted to become a Bitcoin-focused asset manager. The company was formerly known as Asset Entities Inc.
Website: https://strive.com/
Latest 10-K report: https://fintel.io/doc/sec-asset-entities-inc-1920406-10k-2025-march-31-20178-5082
Analyst Consensus: Not Covered By Wall Street Analysts.
Potential Catalysts / Reasons for the Hype:
- The company recently entered into a definitive agreement to acquire Semler Scientific, Inc. in an all-stock transaction.
- ASST’s pivot to Bitcoin accumulation, including plans to hold around 10,900 BTC (valued at ~$1.26B), positions it as a proxy for BTC price movements.
- A $500M share buyback announced on September 15, 2025, signals management’s confidence in undervaluation.
On analyzing the company’s stock charts, there seem to be multiple bullish indications…
Bullish Indications
#1 Falling Wedge Pattern Breakout: The daily chart shows that the stock has been forming a falling wedge pattern for the past several months. These are marked as purple lines. It has typically taken support at the bottom of the wedge before bouncing back. The stock has currently broken out of the falling wedge pattern. Once the stock breaks out of the falling wedge pattern, it could move higher.
ASST – Daily Chart
#2 Bullish Stoch: The %K line of the stochastic is above the %D line, and has also moved higher from oversold levels, indicating possible bullishness.
#3 MACD above Signal Line: In the daily chart, the MACD (light blue color) is currently above the MACD signal line (orange color). This indicates a possible bullish setup.
#4 Above Support Area: The weekly chart shows that the stock is currently trading above a support area, which is marked as a pink dotted line. This looks like a good area for the stock to move higher.
ASST – Weekly Chart
#7 Bullish Stoch: The %K line is above the %D line of the stochastic in the weekly chart as well, indicating possible bullishness.
#8 Bullish RSI: In the weekly chart, the RSI is moving higher from oversold levels and is nearing 50. This indicates a possible bullish setup.
Recommended Trade (based on the charts)
Buy Levels: If you want to get in on this trade, the ideal buy level for ASST is above the price of $1.75.
Target Prices: Our first target is $3.00. If it closes above that level, the second target price is $4.00.
Stop Loss: To limit risk, place a stop loss at $1.00. Note that the stop loss is on a closing basis.
Our target potential upside is 71% to 129%.
For a risk of $0.75, our first target reward is $1.25, and the second target reward is $2.25. This is a nearly 1:2 and 1:3 risk-reward trade.
In other words, this trade offers 2x to 3x more potential upside than downside.
Potential Risks / Red Flags:
- The company has a history of net losses.
ASST – Consolidated Statements of Operations
- Asset Entities and Strive Enterprises completed a SPAC merger in September 2025. A Private Investment in Public Equity (PIPE) deal was executed concurrently with the merger. The PIPE deal included warrants that could unlock an additional $750 million if exercised. The company had also announced a $450 million equity shelf offering, which gives it the flexibility to issue new shares over time to raise capital. There could be potential share dilution through PIPE deals and offerings, which could pressure the stock price.
- The Company is an early, startup stage entity with little operating history. The revenue and income potential of the Company’s business and market are unproven. The Company’s limited operating history makes an evaluation of the Company and its prospects difficult and highly speculative.
- Despite being a loss-making company, the executives are being paid significant compensation.
ASST – Executive Compensation
As you can see, today’s featured penny stock offers big upside potential… but it also comes with a number of risks and red flags. As always, when dealing with penny stocks, we advise caution before entering into such high-risk ventures. Remember to think before you trade… understand the risks… and if you decide to trade, stick to your stop-losses!
Happy Trading!
Trades of the Day Research Team
READ BEFORE TRADING PENNY STOCKS: The allure of penny stocks lies in their potential to deliver massive gains in a short period of time. However, in exchange for that opportunity, most penny stocks carry tremendous risk. They can be extremely volatile and are susceptible to “pump and dump” schemes and fraud.
Unlike regular stocks, the financial condition of most penny stock companies can be extremely difficult to analyze, as the majority of such stocks are traded on over-the-counter (OTC) exchanges, which are typically less transparent and less regulated than the major exchanges. In fact, in the penny stock space, it’s often easier to spot warning signs and red flags than it is to identify a sound investment. Nevertheless, we do our best to identify short-term trade opportunities in this exciting space because we know some of our readers are looking for high-risk, high-reward ideas. We just urge you to make sure you fully understand the risks before making any of these trades.
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