TM editors’ note: This article discusses a penny stock and/or microcap. Such stocks are easily manipulated; do your own careful due diligence.

Typically, resource stocks and technology stocks are the ones with 10-bagger potential as both segments are highly volatile. Also, a miner or technology provider can typically bring breakthrough news, like a huge deposit with metals or the invention of a unique technology. This article identifies 3 technology nano-cap or even penny stocks which have 10-bagger potential in the short run, i.e. 2017 or 2018.

Potential technology 10-baggers in 2017 and 2018

Immunovaccine (IMV.TO) is a stock with a market cap of $104M. It is trading on the TSE Exchange in Toronto. Is is specialized in immunotherapy and focused on cancer treatment. Visibly, the company is doing something well at this point, given the combination of a strong breakout in price on multi-year high volumes.

The stock will undoubtedly challenge its multi-year highs at $1.35 very soon. Investors should follow what type of news the company will release, and monitor how price and volume evolve. If the company releases a breakthrough in cancer treatment then this stock will be a ten-bagger in 2017 or 2018.

Next, Airborne Wireless Network (ABWN) trading on the OTC market has a $168M market cap. The company offers wireless technology in the sky, on medium to high heights. Their technology seems to be breaking through, as evidenced by the strong bid in the stock price. Both price and trading volume are rising simultaneously. The company is not profitable, but with technological product that is not a must, as long as the technology itself is acccepted.

Airborne Wireless Network develops its “Infinitus Super Highwa” in order to provide a high-speed broadband airborne wireless network by linking commercial aircraft in flight as repeaters, which will send and receive broadband signals from one aircraft to another. It released news recently about new partnerships. Visibly, there is more going on, and the market keeps on pushing this stock higher.