Penny stock list for July 11, 2008
Penny Stocks – FVRL GCOG GRDB GSPG HTOG IMB IRBL MGI NILR PMI PTSH QMNM TCHH UPDV
Stocks – ABK AMD AMR CDE CPSL CPST ESLR ETFC F FMNTQ FRPT IDEV IVAN ROYL SIRI SONS WM
Attention to these penny stocks:
FVRL – Closed unchanged, it should trade again above .05 today, hold.
GRDB – Nothing to say, hold.
GSPG – It supported at the PAR SAR and looks like it will try to break the double top at .035 – .0365.
HTOG – The stock supported above the .0045 support point and closed gaining 10%, hold.
IRBL – Gave buy signal, should continue the run today, has resistance at .0032, .0040 and .0050.
KERX – In the next couple of days, it will break the support at .40.
PTSH – It closed again above the MA200, should try to break the MA50 today, hold.
QMNM – I’ve bought yesterday, I think that it will recover today to above .030, hold.
SWVC – The pattern yesterday is just a trap, it will fall.
UPDV – Supported above the PAR SAR and should go up again, hold.
Happy trading
Dr PennyStock
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hi Doc
Any comments on Cytr . it keep going down. what is the support. Should i double my postion or sell and take the loss. my price is .80.
Thanks
Imranmalik
Hi
It’s trying to find a bottom, but, the volume is not enough to reverse the trend, however the candle of Friday usually means that a reversal is very close, it’s called a high wave.
I can not tell you where is the support because I haven’t any previous support or resistance to use as reference point.
I don’t see this stock touch again .80, maybe .71 – .75 maximum, you can double below .40 and try to sell without losses above .60, or hold and sell at a loss as high as possible, but, it’s your decision.
thanks doc.