Alliance Creative Group Inc (ACGX)

[Luckyu]

see following chart: http://stockcharts.com/h-sc/ui?s=ACGX&p=D&b=5&g=0&id=p44976189897

As you can see, the retrace is just now hitting the 200 moving average on the 6 month daily chart. If this support holds, then we are likely looking at a bounce from here, though a slow one due to liquidity. There is no guarantee that it will hold, but they often do, and this PPS was predictable weeks ago if you saw the trend and moving averages. This is normal for most stocks, and while penny stocks have a particularly strong psychological driver, they do follow chart logic in most cases. So for those who are worried about PPS right now, I would spend a little less time listening to the bashers, and more time learning charts. If the candles drop below the 200 SMA, and stays below, and the 50 SMA starts to cross below the 200, then it's time to get out. Probably at the .0028 to .0029 range. But if it holds at or around the 200 Sma, then it proves to be a strong support and will likely bounce, as is often the case...especially if there is news in the next couple of weeks.