I’ve just bought SWVC at 0.007, looks like a support here, and a very good buy price.
This is a STRONG BUY, IMO.
As you can see, all the important resistance and support points are marked with arrows and lines, red to resistance and green to support points.
Just look to the chart and you can see that Technical Analysis works with penny stocks, and very good, look to the detail that I’ve already told you, the broken supports turn to resistances and vice-versa, look to 0.06 and you can see why the big run from last June stopped there, but, also the same happened with 0.016 and 0.0065.
When you see somebody in message boards, saying that T/A don’t works with penny stocks, please show him/her this chart.
Support: 0.0065; 0.004; 0.002 and 0.0007
Resistance: 0.016; 0.06; 0.15 and 0.18 (MA50)
Possible sell points: 0.06 and/or 0.15
Happy trading
Dr Penny Stock
