After posting cumulative intraday gains totaling nearly 100% following our first mention of the stock on Monday, MBHC recorded a second straight session of opportunities for savvy traders yesterday.
In yesterday’s follow-up report, we highlighted a couple of key points regarding what we wanted to have happen on the chart- namely the holding of support at or above the 50DMA of .004, and a break through established resistance at .006. Both of those goals were met during the session, with MBHC trading in a daily range from .0053-.008.
That included two separate chances to ride intraday waves, first from .0055-.008 (+45%), followed by a dip to the daily low of .0053 and bounceback to .0074 (+40%).
We’ve drawn up the current chart outlook on the following snapshot:
The company is already reporting high levels of user engagement with regard to the global deal they signed with Twitter, announced this past Friday. So much so, that yesterday they released an update that hit the wires just after we published our morning reports.
PISCATAWAY TOWNS, NJ / ACCESSWIRE / JULY 21, 2015 / Mobile Broadcasting Corp., a subsidiary of Mobile Broadcasting Holding Corp. (OTC PINK: MBHC) following the announcement of MBHC and WHIRLD’S new status as THE real-time home for EDM music festivals and DJ content, their new marketing movement has already reached over 100 MM engaged users on Twitter. >> VIEW FULL PR
Bottom-Watch Recap
Two of the winners off of yesterday’s potential bottom-play watchlist seem to have been aided by PR’s, and the fortuitous timing of our alerts on all three spelled the chance at some nice profits for our subscribers.
Windstream Technologies, Inc. WSTI – After releasing a Letter To Shareholders addressing recent price action and other perceived issues, the stock saw a nice rebound. It traded mostly sideways for the majority of the session, seeing a low of .0085, before ripping into the close, hitting a high of .015.
That worked out to an intraday move of 76% and it occurred on more than triple the 3-month average volume. With such a significant reactionary run, we’re going to stay aware of the possibility of that momentum leading to a profit-taking-pullback and subsequent bounce.
___
Cafe Serendipity Holdings, Inc. CAFS – Some Recreational Marijuana News helped bolster CAFS’s position on the chart as the stock ran from .006-.0085, a 42% pop. It did so on volume that, while exceeding the monthly average, was relatively light in and of itself. A more pronounced surge in buying pressure could create some interest results, so we’ll keep an eye peeled for that possibility.
___
Stragenics, Inc. ASAB – There was no PR to aid our bottom-call of ASAB, it was simply a well-timed mention. The stock traded from a low of .002 and ran as high as .0027 inside of the first couple hours of trading. That was good for a solid 35% intraday jump.
Extended Watchlist:
LOCK, JCP, FRO, GNW, PIRS