Posted On: 02/09/2014 8:21:06 PM
Post# of 2561
STWG Daily Chart ~ Nice Move Underway
I entered STWG in the low to mid .008s on Friday. Should have entered a couple of weeks back, but with so many pennies running lately, it's hard to get them all. The last hour on Friday saw some decent volume coming into the stock with it closing just below the horizontal resistance line. A close at .01 or higher will bring into play a possible test of the .015 high which could lead to a test of the .02 high on the Weekly Chart. Although a large move from the average trading range in January, it's not up 10-20 bags like so many other penny stocks that I'm seeing pumped everywhere. The volume is picking up, and the MACDs are showing nice divergence with plenty of room to move. The nice thing is that STWG is moving up on just a few million shares and not the 100s of millions that so many turds are now trading. GLTA
I entered STWG in the low to mid .008s on Friday. Should have entered a couple of weeks back, but with so many pennies running lately, it's hard to get them all. The last hour on Friday saw some decent volume coming into the stock with it closing just below the horizontal resistance line. A close at .01 or higher will bring into play a possible test of the .015 high which could lead to a test of the .02 high on the Weekly Chart. Although a large move from the average trading range in January, it's not up 10-20 bags like so many other penny stocks that I'm seeing pumped everywhere. The volume is picking up, and the MACDs are showing nice divergence with plenty of room to move. The nice thing is that STWG is moving up on just a few million shares and not the 100s of millions that so many turds are now trading. GLTA
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