Penny Stocks to Watch by Stock Analyzer for May 8th
Submitted by Stock Analyzer
Penny Stocks to Watch
I am going to stick with the same scan criteria that did pretty well from lastnight, some even trades and some nice green trades which is not bad considering the market got hammered today.
HH has a ascending triangle and is shown in the link below. Resistance at .90 before a possible breakout in pattern to test 1.00 range or higher. Support at .71 that must hold or the pattern is broken
HH - SharpCharts from StockCharts.com
GBDX if it falls watch .0007 .0008 as support, if we continue watch .0015 .0018 as resistance (continuation from yesterdays scans)
GBDX - SharpCharts from StockCharts.com
SSTR annotated chart link is below, the theory is a break of the top trendline at 1.30 area on the 3rd time up which is the current move upward. If we break then we could have a breakout move to 1.60s or 1.90 range. If we dont then look for a drop back to 1.00 range
SSTR - SharpCharts from StockCharts.com
ZAAP breaking its downtrending triangle pattern as shown in the link below. Support at .40 .41 that MUST HOLD and resistance at .47 double top then .51 .57 ahead
ZAAP - SharpCharts from StockCharts.com
DSTI a previous posted stock that is inching up near its 200 MA line at 4.12 ahead, support at 3.30 3.14
DSTI - SharpCharts from StockCharts.com
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