By admin | April 17, 2008
Submitted by Dr. PennyStock
Today I decided to publish an annotated stock chart of one of my penny stock picks, below the chart I will tell you all the support and resistance points of the stock.
Support at .37.Resistance at .45 (PAR SAR) - .46 (previous support), .68 (very strong resistance, an intersection of two resistance lines, the straight resistance line at .68 and the descending resistance line, it will not be easy to break this resistance, IMO), and finally 2.13.Even if the stock breaks .68, I don’t think the stock will hit 2.13, but, between 1 and 1.50, yes, it’s possible, this takes time, 1 - 2 months, in my opinion.Happy trading
Dr
PennyStock
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