August 1, 2007
Penny Stocks to Watch by Dr. PennyStock
By admin
Submitted by Dr. PennyStock
Penny Stocks to Watch
AAGH - Yesterday made resistance at 0.090, went down to 0.075 and rebounded to 0.086, closed above 0.08 what is a signal of strongness, the stock is trading above the MA200 at 0.072 - 0.073, this means that the stock is on a bullish trend.
I think that break again the MA200 to the down side is completely out of question, at least in the short term, in my opinion, the stock has a strong support at 0.072 and a normal resistance at 0.09, a break of this resistance will drive the stock to 0.152, the next resistance point.
Both charts, the daily and the weekly, show much room to run.
Conclusion: I think that in 2 weeks, more or less this stock can hit 0.152.
ADBN - Second consecutive trading day without print 0.0002, signal of strongness, can run anytime soon.
AESK - I’ve told you yesterday: “sooner or later the stock will hit 0.04″, went down to 0.05, maybe today will hit 0.04 - 0.038, if this support is not strong enough, will support at 0.015.
There is another possibility, because yesterday the fall was big, we can see also a short term recover, this is very good to experienced traders, but tomorrow will fall again, if this second hypothesis occurs.
ARSC - Yesterday made a top at 0.059 (MA50 on the weekly chart), has many resistance points between 0.05 and 0.065, but, if it breaks again 0.059, a run to 0.095 - 0.099 is possible.
CPTC - Yesterday’s candle was good, but, I think it goes fall again today.
IHGR - These prices are very good, very soon this stock will make a good run, at least to 0.006.
MBIR - Yesterday made a good candle and soon will hit 0.06, IMO.
XKEM - BUY CONFIRMED, but, will retrace again. I’m not yet convinced, the retracement from the HOD was bigger than expected, will support at 0.014 or 0.013.
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Topics: AAGH, ADBN, AESK, ARSC, CPTC, IHGR, MBIR, XKEM, hot stocks, penny stocks to watch |
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