China Armco Metals Inc. (CNAM)

[fulcrumgavel]

Watch this one, it has '5 bagger' potential in very short order.

Hit huge resistance at .32 700k+ shares! And bounced hard, Think we can call that the bottom.

Chart looks very good nice strong hammer, and no sell off the day after, looks like buyers are waiting for sell off to buy on bid at lower prices, but if it doesn't come down they will start stepping up.

All major sellers are gone from the level 2 after the hammer, so upper resistance looks very weak, any volume will likely break resistance around .39 - .40 and gap up to ~.43-.45

Earnings report on March 28th, company already put out enough info to know the next quarter will be significantly better than the last and profitable.

If you do not want to buy it yet, You definitely want to buy in before March 28th. Could jump ~.20-.30 cents after earnings.

This stock's fundamentals and earnings acceleration makes it an easy +1.50 price target within the next few months, probably in early summer, if everything goes as expected.