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Microcap & Penny Stocks : Technical Trading of Pennies
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To: paul s. who wrote (2)3/17/1998 1:07:00 PM
From: paul s.  Read Replies (1) of 478
 
Ok here's one I've come across that looks good..

SKB...previous close at .35 (strong start to today)

Indicators/Trends:
MACD (11,22,34)...trending up, but has yet to cross signal line
RSI...moving up from 30
MoneyFlow...still trending down
Acc/Distr...positive reversal (1 week) of long term downtrend
Williams %R...leading short term indicator has also turned up
Stochastics...was below 20 for 2 weeks and has now moved above for buy indication

Pros:
...volume showing positive trend
...leading indicators still have upside room
...good promo
...moving off established base
Cons:
...MoneyFlow not yet turned positive
...history of short-lived moves

let's see what happens
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