Replies to post #56037 on MATRIX Penny Stocks

[twbrokewaterhouse]

When the spread on the L2 tightens this usally indicates a an encouragement for the stock to move up or down.EOD spread was .031 x .034 which discourages volume.For instance,If the spread tightens to .033x.034 she could move .when the spread tightens you should be able to enter if you dont get filled move on there will be other opportunties.If you get in look at resistance points (.04, if breaks .04 then 200ema of .05) and place a sell order just before your resistance so you catch a buyer during the momo.Lot of traders will be watching this one because of upper bollie break ,but because of the negative trend in market the run might be short lived because of quik profits.Chart looks pretty good for a run though.
Just remember to have a plan and stick to it .IMO