Day: August 22, 2011

EMXC has settled in to build a nice base at .0015 and .0016. We continuously witness the stock building higher levels of support on its ascent from .0005. This new level of support should be the next springboard for another upswing. Like all stocks we monitor, we watch closely for resistance levels being broken, and the next one on this chart seems to be sitting roughly at .0024.If you notice the chart, we have pointed out the fact that the RSI seems to be heavily linked to the PPS, and seems to show strength as the price surges. Alternatively, we can see that buying opportunities are afforded when the RSI dips into a trough, like we are currently observing.

We are looking at EXTO again, as the chart shapes up nicely. The stock has built significant support at the current base of .007. If we look back a few months, we notice that the this stock likes to surge on heavy volume.We have also seen a MACD cross in the past week, which is a bullish indicator that we are always on the lookout for. If you’ll notice the red candle showing yesterday’s trading range, which we feel is an unfair representation.

We are vigilant traders, and constantly monitoring the Level 2’s on stocks we cover, and we can assure you that the .006’s that printed Friday morning were negligible, and chances are, no one was able to secure a significant position at that level.

There are several things happening on the DWIS chart this morning as well. Aside from a rising RSI, and an impending cross of the MACD,  we notice that this is another stock that rises easily on heavy volume.In addition, the last occurrence of a MACD cross also brought a spike on the order of .08 to .13. High volume in May signaled a run all the way up to .18. August has brought higher volume to the stock, and it seems as if conditions are just right for another upswing.