We’re touching base with PZOO once again this morning. We brought it into the fold last Monday while the stock was trading at a low of .0225 and not only has it brought us a couple of quality chances for swing trades, it has held its ground extremely well over the past week, and has begun to spike once again.
Over the few sessions prior, PZOO had toyed with resistance at the 200DMA (.0339), and yesterday it managed to close above that mark for the first time. As usual, moving forward, we want to see that previous resistance level hold as future support. We’ll want to see the stock maintain above a minimum of .0261. From where it stands now, we’re looking at the next key resistance points coming up at .05 and .065.
If you didn’t catch our initial report on PZOO last Monday, we suggest taking a look at that to learn about the company’s online health and wellness portal, as well as the involvement it has in the cannabis sector. >> View PZOO Report
There has been two new statements issued by the company over the past couple of days that we’ll pass along here:
Yesterday PZOO announced that it was a main sponsor at the Just Jersey Jazz and Food Truck Festival on Sunday October 19th at Horse Shoe Lake in Succasunna, New Jersey >>> Click to View PR
This morning we’ve learned that PZOO has increased its stake in the medical marijuana testing labs by 10%, effectively creating a controlling interest for itself in the company currently running the project >>> Click to View PR
Also, take a look at this video chart update we put together on PZOO:
For More Info Check Out PAZOO.COM
Extended Watchlist:
FCAU, CARA, UNIS, MEA, AKS, VSR