Penny stock list for January 21, 2008.

Penny Stocks – ADVNB AIB ANSV CBAI CHTR FIG HAYZ IRE KFN LYG NRTLQ RBS SPSN SSCC TARR UYG WAVE ZGEN

Pincher Plays – APPY BAC C FITB

Stocks – ABK AMD AMR CDE CPSL CPST ESLR ETFC F FMNTQ FRPT IDEV IVAN NCC ROYL SIRI SONS

Attention to these penny stocks:

ADVNB – This long red candle usually is signal of capitulation, we may see a green candle today, but, has still room to fall a little further, the -DI is at 35, but, the MACD has still much room to fall, just to watch for now.

AIB – Big gap down, possible bounce play, just to watch.

ANSV – Well, despite the touch at .59, the close was positive and made a bullish engulfing pattern, lets see how it will react today, I expect a green candle, with a LOD above .60 and a new high, I will hold for now.

APPY – Possible pincher play, a monster black candle, one of the longest or even the longest candle I’ve ever seen, a candle like this one will obligate to make a correction on the very next day, this stock will rebound to 3.50, a good stock to play today, but, the buy pressure will make it open at 1.50 – 2.

BAC – It’s developing a pincher pattern, both, the MACD and the ADX still have room to fall, it should support at 2.5 – 3, a very good stock to play soon.

C – Another developing a pincher pattern, it has broken the 3.05 support, and, down we go, maybe to 1, psychological support level, to watch very close.

CBAI – Looks like it will continue to run, made a gap up, but, the close was relatively strong, one of the stocks good to play after sell ANSV, I like the chart.

FITB – It’s developing a pincher pattern, just to watch for now.

LYG – Possible bounce play, I like these big gap’s, it should fall a little further before any technical reaction.

NRTLQ – Still no signals of a bounce, but, the volume decreased about 70% comparing with the previous day, this tells me that the sell pressure is much lower, we should see a new support during this week, my guess is .05.

RBS – Really big gap down, I love these ones, possible bounce play, to watch closely today.

TARR – Possible bounce play, filed for chapter 11 a few days ago, the news are already incorporated by the market, yesterday’s candle looks good, it should run soon.

WAVE – After a fast reaction on Monday, a correction of the price is health, it will trade sideways the next couple of days.

Happy trading
Dr PennyStock

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