Month: August 2011
Blue Horseshoe Stock Report – 08/22/11
eMax Holdings Corp. EMXC
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.
Exit Only, Inc. EXTO
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.
Dinewise, Inc. DWIS
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.
Blue Horseshoe Stock Report – 08/19/11
Exit Only, Inc. EXTO
EXTO is processing a name change from Exit Only, Inc. to Bayport Corporation, however in light of the circumstances, perhaps a change to Entry Only, Inc. is in order! We are exceedingly pleased with this stock today, after a blockbuster PR took it on a ride Thursday.
It can be difficult to maintain focus on other things when a company announces the potential for well over $1M dollars A DAY in gold production (and that is rounding all of their expected figures DOWN considerably), as extrapolated from the assay results of the company’s “WOW Property”, which alluded to the fact that the company can expect to retrieve .324 oz. of pure gold from every ton of ore they process.
Granted the fact that they intend to pull 5,000 tons of ore from the property on a daily basis, any kid with basic math skills could tell you that this thing is a true GOLDEN opportunity.
eMax Holdings Corp. EMXC
As for EMXC,, we have been falling in love with the chart that it has formed over the past couple of weeks. This stock has been on a consistent uptrend since it first came to our attention, building higher levels of support all the while.
We saw a little pullback this week, and EMXC has bounced nicely off of support at the .0015-16 range. Any flipper or day trader could have an absolute field day with this play, however we are in it for the long haul, as we love the slow and steady increases in PPS.
Based on the recent chart history, we are expecting to see EMXC crack back into .002+ territory. We also located a video chart on EMXC that you may find informative.