Penny stock list for June 18, 2014.
Penny Stocks – CPRX EWSI FREE GRAS ILNS LVGI MDNT NEWL OWOO PRAN SCRC
Attention to these penny stocks:
CPRX – It’s supported by the PAR SAR, and, it has broken the PAR SAR on the weekly chart, I think it can run to 3.65, hold.
EWSI – It is testing a strong support, the indicators are showing mixed signals, we need a few more days to see a defined direction, hold.
FREE – It is touching a previous support zone at .826, a double bottom here is very possible, it should bounce here in the next days, hold.
GRAS – It has broken the PAR SAR as resistance, it is supported by the MA50, the RSI50 line and the ADX line, a run to .0028 – .0029 or .0035 is very possible in the next days/weeks, hold.
ILNS – It’s trading sideways above the MA200, will only run when the lawsuit is resolved, hopefully in favor of the company, hold.
LVGI – It’s trading sideways, these very short body candles on both charts(daily and weekly), is signal of strong consolidation/accumulation, the stock may run at any moment, hold.
MDNT – After the change on the management last week, this stock can only go up from here, technically it is making a double bottom right now, at .0015 – .0014, and, I expect the beginning of a big run at any moment, that will drive us to .19 – .35 in a matter of 4 – 6 months, hold.
NEWL – Looks like the dilution stopped, and, it’s in better financial situation, it’s running today, and, it should recover to above $1 in the next days, hold.
OWOO – It’s making higher lows and higher highs on the daily chart, and, already has broken the PAR SAR as resistance on the weekly chart, so I expect a run here in the next days/weeks, maybe to $1.00, hold.
PRAN – It’s trading sideways with support at the MA50 and resistance at the PAR SAR, I still think that big GAP DOWN may be filled, or at least the stock will make an attempt to fill it, and, a run to 5.35(MA200) may happen, hold.
SCRC – We are at a small profit on the one, I need to replace the stocks with new ones, and, we should sell this one today.
$INDU – It has pulled back after a new high, and, has support at 16735, 16631, 16588 and 16571(MA50), I think it will back again to one of these supports, because the MACD crossed down.
DOW JONES daily chart: http://stockcharts.com/h-sc/ui?s=$INDU&p=D&b=5&g=0&id=p17442061017
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