Wednesday Dec 16, Premarket Analysis (Penny Stock Alerts)
Today in the Stock Market
Good Morning,
A day of declining stocks on tuesday and lower volume. Is it because XMAS is approaching or is it because the market need more time before going higher. One way or the other the price range on most stocks has been declining slowly in the last few days.
Look at the DOW with this chart and we can see that it doesn’t have what it takes to go to new highs yet…and this could trigger selling, we will have to monitor this properly.
Meanwhile i am waiting for Gold to come up again…
AGRT did not start as quickly as i wanted but it did manage to close at good level, and i managed to buy some in the low $0,40’s to maintain a good average, this one as good potential and you definitely want to get a piece of this story.
RVBF has a lot potential to go up again as this story is fresh, this is a nice pullback and a nice buying opportunity for the ones who missed the first run from $0,05 to $0,14.
WTAR had such a nice chart going into this week, now there has been some aggressive selling coming into it since monday morning and it did accelerate yesterday, even if the story is good so manage it properly…
BRYN could get ready to go again if GOLD turn and this start getting increased volume…
AWSL got crushed on small volume (probably shorts poking at it..) and did not come back that well, we have to watch this and manage it properly, as i always said this one is a low volume stock so you want to have your size in accordance with that.
Have a great trading day !
2 Responses to “Wednesday Dec 16, Premarket Analysis (Penny Stock Alerts)”
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Hi Francis, what is hurting us on the AGRT trade is the gap between the bid and the ask. Nobody seems to want to buy something that they think they could possibly be holding the bag on with a .40 bid and a .47 ask. What do you think? Thanks, Mike.
You Forgot DVME. This stock in the last two days went from a 31.97 RSI to now over a 50 RSI. Accumlative.Distributive line upcurling nicely and has posted over 100% gain for the last two sessions of trading. Please look into this less talked about stock. I believe it is the sleeper for 2010.