Taichi, my radar is on, and I will be watching this one come Monday...
Here is a brief TA...
I see a double bottom on this stock in the 1.50 area....My MACD
Histogram is showing the beginnings of a trend...0.014,0.022,0.046.....Same with Smoothed Rate of
Change...108,110,115....However, I want to see follow-through on
Monday...I would be a buyer on volume over 50,000 and the price touching the 2.51 level....Too many of these penny stock breakouts are false alarms...If my buy gets triggered I would set a stop at the 2.25
level...You have about 80,000 shares of resistance at 2.37 and have
taken out 20,000 on Thursday....I like the high-low spread on Thursday of 44 cents...My +D1 is at 41 and ADX is at 23....If
we can hold above 2.51 in the next few days, I look for a potential run to the 4.00 area....But I am still not a believer until I see
follow-through and a takeout of 2.37 on Monday....Otherwise its just another false breakout...Volume has been improving with price but still just moving past the 100 day moving average of volume
20 Day Volume=39,800
10 Day Volume=53,800
5 Day Volume=69,600
100 Day Volume=67,010....
Regards, Mark |
