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FBP continues to hold on to support at $0.40 but momentum is starting to drop and the price might struggle in the near-term. If the price can hold this level then it should attract new investors and create some momentum for a drive back to $0.50.
MFLI stock has managed to hold support above $0.01 for the last four sessions and people saw some renewed buying on Monday as the price tested resistance at $0.012. If trading activity picks up, the price should re-test resistance at $0.02. A break above $0.012 on strong volume should be considered a strong buy signal.
EIGH on Monday, which is not surprising after the move people saw on Friday – the price rallied to a high of $0.09 but then closed at $0.079. On Monday, it opened at $0.08, which investors used as another selling opportunity and drove the price to a low of $0.045. However the price managed to recover and closed in neutral territory. This price action should add some momentum to today’s open.
Our winning streak continues with GSLO. People told investors to jump in when the price broke $0.50 and yesterday it gapped higher and opened at $0.65. Strong momentum in the morning drove the price to a high of $0.75, which represented a gain of 50%. The stock is generating decent volume so people could see another modest push higher this morning.
SFMI is holding good support at $0.16 so people are just waiting for volume to improve. The price has been struggling to break through resistance at $0.17 and people think volume will have to pick up to create enough momentum for a sustainable break above this area.
NACF has defied all our expectations. The stock once again gapped higher and strong buying pressure at the open drove the price to briefly touch $1.00 before it fell sharply. But its closing price of $0.62 still represents decent profits for our members – people originally told investors to buy around $0.21, so that is a gain of 195%!
COIN this week as it could be a profitable bounce play for our members. The stock is suffering from extremely low volume so people will wait for this to pick up before people jump on the trade. A break above $0.45 would be a bullish signal but people would like to see at least 1 million shares traded to indicate a clear break above that resistance area.
LBSR was back on the move Monday as it broke above two resistance levels. In the morning, investors managed to push the price above short-term resistance at $0.12. But strong momentum throughout the day drove the stock through long-term resistance at $0.14. The next major resistance level is around $0.20 and if this momentum keeps up, it is only a matter of time before it tests that price.
FBP caused the price to test support at $0.40 on Friday. However as activity picked up, the price managed to bounce off its low and it closed modestly lower. People are expecting to see some more buying at the open and the price to test resistance at $0.50.
The price action in CRBC is a good example of why people wait for the right buy signal. People are waiting for the price to break above $0.80 on strong volume before people jump on this trade. The low volume created volatility and people can’t get a clear direction of the price. The fact that it was able to close above $0.80 on Friday is positive but people would like to see a positive open with some decent volume at today’s open.
LBSR hit support just above $0.10 on Friday, which attracted some buyers during the session. Volume remains relatively low but if it can pick up the price would easily break through resistance at $0.12. Watch for some selling this morning, with the buying picking up in the afternoon.
SFMI was unable to break above resistance at $0.17 and the price could continue to struggle as long as volume remains low. If the momentum picks up, people would expect the price to move above the next resistance level at $0.18.
OPMG gapped higher on Friday and opened at $0.02 then rallied to a high of $0.021. People were expecting this area to act as resistance so people were not surprised to see the price fall as investors took some of their recent profits. Moving forward, the price should continue to struggle as volume starts to fall.
NACF continues to defy our expectations. People were not expecting the price to break resistance at $0.40 on Friday but strong volume helped drive the price to a high of $0.55. The stock is building good momentum, which could lead to higher prices today. Watch for another gap higher at the open and then some modest selling pressure.
EIGH made some major gains on Friday, but the price action highlights the risk of future weakness moving forward. In the previous session, the price rallied to a high of $0.09, which is a gain of 38% from our entry point of $0.065 on Thursday.
GSLO is our latest winner. People sent out a buy recommendation when the price broke above resistance at $0.50 and it hit a high of $0.65. That is a gain of 30%. Volume continued to grow on Friday so people think this stock has enough momentum to move higher and test resistance at $0.70 today.
A strong open in EGOC created some modest selling pressure on Friday. However volume was low and the price managed to hold on to most if its gains. At the open, it rallied to a high of $0.05 and if volume picks up, people would expect the price to break resistance at $0.06.
EEGC strong volume and the break above near-term resistance at $0.025 created a buy signal but unfortunately the stock did not have enough momentum to reach resistance at $0.03. People are expecting to see more selling this morning as investors exit their positions.
FBP is another financial stock that is starting to attract bargain hunters. There was some modest capitulation earlier in the week, which caused the price to drop below support at $0.40. However after hitting a low of $0.34 on Wednesday, the price managed to recover but was unable to close above $0.40. A positive open with strong volume could trigger a buy signal today.
People told investors to watch CRBC as the stock could start to attract buyers now that it has broken below support at $0.80. People were expecting to see the price test a low of $0.75 but it looks like some investors are already jumping in. On Wednesday, the price hit a low of $0.76 but investors took advantage of the discounted price and drove it to a positive close at $0.84. Although this was a very bullish move, volume was relatively low. People need to see some important follow through buying before people jump on this trade but it has the potential to be a profitable bounce play. The fact that the price closed lower on Wednesday means investors should have a good entry point today.
WAMUQ remains extremely volatile so people are content to just watch the price movement for now. On Wednesday, the price gapped lower for the second straight session and tested support at $0.2. This created modest buying pressure and the price rallied to a brief high of $0.23 but ended the day modestly lower. People think WAMUQ has further to fall but people are going to continue to monitor it because the price action could easily create a buy signal in the near-term.
Tuesday afternoon people sent out an alert on AMCG because the price was testing resistance at $0.06. However people cautioned investors to wait for volume to increase. On Wednesday, the price broke above resistance but our buy signal was not triggered because volume was incredibly low. Only 110,000 shares were traded during yesterday’s session, which is well below the recent daily average. People will continue to monitor this stock to see if volume starts to pick up.
The lower close on Tuesday in OPMG attracted some bargain hunters on Wednesday. The stock opened at $0.15 and modest buying drove the stock to a high of $0.174. If volume picks up, people would expect this stock to at least retest its recent highs at $0.21.
NACF is also holding on to some decent gains but people are recommending investors search for the exit. The price has made some decent gains since people first started talking about it on Aug. 23 and recommended buying around $0.21 but it has not attracted investors the way people thought it would. On Wednesday, the price hit a high of $0.35, which is a gain of more than 66%.
Positive momentum in SFMI Wednesday morning also created a strong buy signal, which people shared with our followers on Twitter. For the last few sessions, the price has been holding good support around $0.14, which created the buying pressure on Wednesday. People recommended buying around $0.15 and are expecting to see a positive open today. The price ended at its high of $0.164 so watch for some strong buying this morning.
LBSR hit some strong selling pressure earlier this week and people were expecting to see the price test a low of $0.07. However there was some strong buying on Wednesday which prompted us to send out a buy recommendation when the price broke above $0.10.
SATM sent out an alert Monday morning after the price broke $0.06 and then rallied to a high of $0.08. People were expecting to see another positive rally on Tuesday but the stock hit some strong selling pressure. It is not all bad news though as investors had opportunity to sell some shares on Monday and at the very least, get out at an even trade Tuesday morning.
Investors should also keep an eye on AMCG. People have been following this stock since last week when the price was trading around $0.04. There was some strong buying Tuesday afternoon and the price closed at its high of $0.061, which had been a strong resistance point for the last five sessions. A solid break of this area could lead to some significant gains.
IMGG remains on our radar screen as it manages to hold support around $0.25. Although volume was low on Tuesday, people did see some follow through buying. The fact that the price closed at its high of $0.28 could attract new investors.
People sent out an alert on EHSI Tuesday afternoon and people think it is only a matter of time before this stock takes off. During the session, the price hit a five-day high of $0.30 and traded more than half a million shares. People are expecting to see a strong open this morning, which could attract new investors to the marketplace.
People talked about FRHV on Twitter Tuesday morning, highlighting the fact that it could be a positive bounce play for our members. People want to see a clear break of $0.015 with good volume. For now people are going to keep an eye on it to see if the price action will trigger a buy signal.
Strong buying in WAMUQ Monday afternoon surprised us. In the last half hour of trading, the price climbed to and then closed at its high of $0.24, which is a strong resistance point. On Tuesday, the price gapped lower as investors took some recent profits but it is holding on to some of its recent gains. The price seems a little expensive at the moment but people are going to continue to watch WAMUQ to see if it can build momentum and hold support above $0.19.
LBSR is holding on to some modest gains but there are not a lot of buyers coming in to prop up price. Modest buying pressure in the afternoon caused the price to close in neutral territory. In this environment, people are expecting the price to continue to drop. People are going to watch the $0.07 area to see if that can provide some support in the near-term. A break below $0.07 could lead to a test of $0.05.
People continue to see decent profits in NACF. People recommended investors buy when the price broke above $0.20. Tuesday morning, the price gapped higher and rallied to a high of $0.30, which created some modest selling pressure. The price ended in positive territory at $0.25 and volume remains strong so people expect to see another positive open today.
OPMG is another example people can use as a learning opportunity on profit-taking. People sent out an alert on Monday when the price broke through resistance at $0.016. People were expecting a strong open on Tuesday and were not disappointed when it opened at $0.0207. The price rallied to a high of $0.021 but there was very little buying power to support that price. As a result, the selling pressure caused the stock to give up most of its gains. Investors who were quick enough could have sold at $0.02, which represented a 25% profit from our initial entry point.
NXTH was our big winner on Monday so it was not surprising there was a big sell-off on Tuesday. The price action very clearly showed that investors were taking their profits and that can be the hardest lesson investors have to learn if they are going to be successful. NXTH rallied more than 57% on Monday, from its opening price to its closing price. Instead of expecting higher gains, investors should have been looking for selling opportunities.
SUF stock is making some very decent gains, which could be the start of a decent rally. On Friday, the price broke above near-term resistance at $0.36 but people want to wait for a clear signal, which would be a break above $0.38.
BHWX is a stock that people made some decent profits with earlier this year and it is back on our radar. The price made some decent gains on Friday and volume is on the rise. A break of resistance at $0.34 could be a very bullish signal.
People started talking about NXTH on Aug. 19; people sent out a buy recommendation on Twitter when the price broke above $0.20. On Friday, the price hit some selling pressure which caused it to test a low of $0.20. However by the afternoon the price managed to recover and closed at its high of $0.22. People think the price could gap higher today but if volume remains strong, the price should continue to rally.
CRBC broke through our first support level at $0.80 and people think the price will continue to head lower in the next few days. Volume remains strong, which is an indication of more weakness and people expect the price to test support at $0.75.