Hello my name is Tom
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what will hold it up is drilling results news that shows they have a billion dollar potential energy source in the ground
nice action on this one today, targets ???
stochastics on the WEEKLY chart look very bullish !!! in same setup as when we shot up to .14 before !!
would not be at all suprised to see news soon !! the technicals are shaping up that way !!
yes!! today we had a nice RETEST of the 9 month down trend line and a REJECTION of the lows !!!!
now the gold price wants to skyrocket to 2000 an ounce and guess who is going to piggy back ride along for the fun ??? SUGO !!!
and with news??? oh boy
2000 is a nice round number and so is .10 lol
SUGO is going to skyrocket and the gold price will too !!!
BULLISH
the bashers are finished
BEAUTIFUL trading action again today !!!
adamantly bullish !!!
gold price showing impressive strength today... it could skyrocket !! beyond 2000 !!
Mark my words a close at .007 or above today would be EXTREMELY BULLISH based on the technicals
would not be at all surprised to see .01 today
today is the first day of the new month and the first day of the new quarter...! last 3 months of the year typically very good for penny stocks in general and especially sugo
Penny season has arrived!
i got a strange feeling about today and the feeling is quite bullish !!!
yes but i think we can move without news first or run into news
now we have VOLUME to add to the mix!! look out above !!!
you will start posting once we gap up to .05 and zoom to .10 LOL
WE ARE GOING TO FLY UP THIS MONTH !!! and no one on this board cares!!! wow!!
8 Day Exponetial moving average about to cross above 21 day exponential moving average !!! yet another bullish sign !!
ok I am done for now lol
Relative Strength Index hit a new high today !!! 51.49
Above 50 zone is there the bulls live !!!!!
Bashers will need fresh new pairs of underwear next few weeks and months IMO !!!
I agree October will be great but I also think it will be good for the next 3 months !!!
very bullish long term chart for SUGO !!!
we closed September UP !!
we did a monthly September bullish reversal spring based on volume analysis where we tested previous months swing low on 10 million less shares, this is a volume reversal signal !!!
We had last month be a inverse hammer candlesick (MONTHLY) which also indicates it has hit bottom
The chart is saying OCTOBER NOVEMBER DECEMBER likely to be UP UP UP !!!!
SUGO is a hands down BUY at these levels In my honest opinion only !!!
Management could get MORE funding than was previously thought or on better terms!!! (my own speculation)
Will be looking to add more with continued upward performance!!!
MUST SEE LINK:
http://www.flickr.com/photos/46088927@N00/6198481911/sizes/l/in/photostream/
beautiful close today !!! WOW !!!
in the past I have identified penny stocks at the end of certain patterns or extended declines and then the volume really dried up almost to nothing... and my interpretation in those previous times was that final sellers were done..
it could be an indication of that
so it could mean that we are basically almost done finishing our stage 1 base, which would mean that stage 2 mark up is coming soon
POSITIVES summary for SUGO:
*5 day exponential moving average about to cross above 20 day exponential moving average
*MACD histogram above the zero line and RISING
*on the cusp of a 8 month triangle down trend upward breakout
*accumulation/distribution at new all time highs
*daily MACD fast approaching for a northward crossover above zero line
*triple bullish divergence between MACD and price
*double bottom retest after previous spike high rally in late August 2011. 100% retracements are very common in penny stocks after you get a preliminary demand spike
*bollinger bands very tight and ready for expansion
*low Oustanding shares for ANY penny stock trading this low
*THIS WEEKS candlestick has fully bullishly engulfed the previous two weeks candlesticks
*QUARTERLY chart is showing possibility of huge upward retracement rally based on this ending quarters action
*POSSIBLE funding news that is GREATER than 15 million as a surprise, that would be 'shock and awe' and immediately rocket us to .10 cents just for starters
*we are INCHES away from breaking above parabolic SAR maybe tomorrow ?)
*SEASONALITY suggests that best trading action for SUGO is October to December time frame and for many other penny stocks as well!
*SUGO price is currently 'low'
*SUGO has the Personality of a penny stock that has shown us it is fully capable of HUGE HUGE upward jumps.. it has happened several times before and it WILL happen again!!!
finally I would like to mention one other important fact
on Monday of this week there was an important astro aspect called P-index day...
the fact that we bottomed on that day gives me even more confidence that we have seen the lows because these astro dates can mark strong reversal points especially in emotional penny stocks
daily MACD is rushing towards the zero line
when/if the busts through and above the zero line then we sky rocket IMO
that is what happened on previous spikes and is likely to happen again IMO
i doubt it.. no one is interested in being a desperate seller going forward IMO
those who want 'in' now are likely going to have to pay premium IMO
I already bought 5 days ago
will look to add more if I see continued good performance
I could be wrong but it just looks like sellers are done for now and we have a possible situation where current float owners are just sitting on their hands...
this means that those who are sitting on their hands with their shares and not interested in selling will have to be motivated to do so with a mark up in prices
this type of environment says that if there is the slightest hint of good news whatsoever we could skyrocket IMO
my confidence comes from the technicals, it is not a perfect science, but the goal of this game is to buy low and sell high and NO ONE can say that right now we are 'High"
today's weekly candlestick has so far fully engulfed the last two weeks candlesticks.. a bullish sign IMO
no, almost all penny stocks are 'questionable'... I would not call them scams as you do. I would say vast majority of penny stocks are questionable and have trade more like biotechs on 'potential' than hard economics.
but when ANY penny stock breaks a 9 month down trend line and shows a triple bullish divergence on MACD and a daily MACD racing to the zero line, I don't care if they dig holes in the ground and refill them as their business model, I will BUY BUY BUY that penny stock !!!
hey PoemStone,
My outlook and take on the sp500 right now is bearish. I am expecting a bearish resolution from the current trading range and we are likely to see a big move down within the next 2 to 3 weeks.
Having said that, the current daily moves are extremely confusing and frustrating.
For the bearish picture to gain much more confidence we really need to see a down close tomorrow, preferably 1150 or lower.. that would set up a very bearish picture next week..
good luck to all
the way this is trading suggests we get huge news next week
we have a strong weekly reversal in the making
SUGO will hit peoples radar's over the weekend big time
weekly RSI bullish divergence...
keep posting this important link on all the major mainstream IHUB boards to spread the good word ! :)
http://www.pennystockspennystocks.com/images/SUGO.gif
we got a breakout going here of a 10 month down trendline and a MASSIVE TRIANGLE !!!
lets go for 4 up days !!!! i smell a panic buying phase coming
!!!!!!
in my opinion the market has already discounted the worst of the worst at the recent lows...
so now IMO we are at a situation where ANY news that is even remotely positive could skyrocket SUGO shares
SUGO has to be one of the best risk reward penny stocks setups in entire penny land right now and it is completely under the radar.
funding news sends us to .10 cents almost immediately.
when the daily MACD crosses up and through the zero line SUGO will be multiple pennies
mark this post
we have a triple bullish divergence between MACD and price and when MACD now resolves up through zero line we will get an UPWARD CRASH
this is a very powerful signal !!!!!!!
Feel free to repost this link at your local friendly message board or internet site to spread the good word :)
http://www.pennystockspennystocks.com/images/SUGO.gif
MUST SEE SUGO chart inside !!
http://www.pennystockspennystocks.com/images/SUGO.gif
IMO the low volume is a very bullish sign and to me is indication that the final sellers are done
Now we see some small fearful buying
really starting to look like we finish the QUARTERLY price candlestick above .015 by Friday
that would set up a quarterly bullish price spring and imply that the next 3 trading months are going to be HUGE HUGE UP
those who do not understand this are likely to sell on the first pop to .02, but the mistake they are making is that the implication of the quarterly bullish price spring is at least .10 to .20 cents or more...