Author: BHS

GALE, EDWY & Extended Watchlist

 

Galena Biopharma, Inc. GALE

We were happy to see that GALE earned us a spot on Penny Stock Rumble’s Top Gainers List this week. From its low (Wed.) of 1.6525 to yesterday’s high of 2.10, we saw total possible gains of 27% The stock had news out, and closed strong on the day at 2.04 on around 3X the average volume.

The GALE Chart is exhibiting all the telltale signs of a momentum mover, and we’re glad we were watching closely enough to hitch a ride! As you can see below, the RSI is screaming toward the power zone, while the Slow STO and the PPO have just crossed and are swinging sharply to the North.

Yesterday’s News:

LAKE OSWEGO, Ore., Nov 29, 2012 (GlobeNewswire via COMTEX) — Galena Biopharma (Nasdaq:GALE), a biotechnology company focused on developing innovative, targeted oncology treatments addressing major unmet medical needs to advance cancer care, today announced two presentations at the 35th Annual CTRC-AACR San Antonio Breast Cancer Symposium. The event will be held December 4-8, 2012 at the Henry B. Gonzalez Convention Center in San Antonio, Texas.

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eDoorways International Corp. EDWY

EDWY first appeared on our extended watchlist this week. The stock recently ran from a low of .005 to a high of a nickel (+810%) between Sept 18 and Nov 1st. Following that big run, the stock consolidated to find support off of a penny-and-a-half.

Yesterday we observed trades as low as .0153, and as high as .025, for total possible gains of over 60% on the day. We are looking at key levels of resistance at .026 (20DMA) and .031 (200DMA), and judging by the history of the stock, a push past those levels could really lead to a serious breakout.

Indicators on the chart all seem to be shaping up rather nicely. We notice that the Accum/Dist has been steadily rising, the RSI is just on the cusp of breaking the 50DMA, and the PPO is currently pinching, hinting at a bullish cross. The bars on the histogram are also about to flip up to the bullish side, and we had a recent cross on the Slow STO.

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Extended Watchlist:
TLAB, UTSI, PPHM, MAXD, SRGE, HLNT,

 

APP, GALE & Extended Watchlist

American Apparel, Inc. APP

We’ve been following APP for the better part of a year now, during which time we’ve had several successful calls, and our timing in re-alerting it last Friday couldn’t have been any better. We discussed increased Q3 revenues, as well as the anticipation of heightened sales for the holiday shopping season.

We called for a crossover on both the MACD and the PPO, noticing that they were both pinching, and sure enough, both underwent crosses in the past few sessions. We were also looking for a break of the 200DMA and for the histogram to flip up to the bullish side, which also occurred this week. So it would seem things are right on track for APP in aligning with our expectations. Although it appears, in this case, that we have a crystal ball, we do not. We simply track tons of stocks on a daily basis, and when we find one that reacts well, we continuously monitor for buying opportunities, so that all may have a chance to profit!

We’ve also included a video presentation of the APP Chart:

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Galena Biopharma, Inc. GALE

GALE, an addition to our extended watchlist yesterday, had an exceptional performance. Having traded as low as 1.6525, and hitting a 1.84 high, the stock afforded folks the chance at a fast 11.5% intraday gain.

GALE ran into major resistance at the 20DMA (1.84), and above that, we can see another obstacle at the 50DMA of 1.86. A break past these points is what we are looking for to unlock some larger gains.

Thus far, pre-market, it looks as if the stock could gap up upon the open, trading as high as 1.90 already this morning.

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Extended Watchlist:
SVEN, SOFN, VSUT, CPSZ, PRPM, AZFL

 

AZFL | Amazonas Florestal, Ltd. | Long-Term Focus

Amazonas Florestal Ltd.  AZFL

We’ve been tracking AZFL for quite some time, having appeared on our extended watchlist for October 29th, and we were waiting for just the right time to expand our focus on this newly trading stock. During that time, we’ve watched it run from .03-.11, after which it receded back to find a solid level of support at .045.

AZFL is going to be a long-term point of interest for us, as we expect to monitor its progress well into the new year.

While observing the Level 2 today, we’ve noticed a definite shift in buying interest, with bid support strengthening, and offers being taken out readily.


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AZFL Chart:
As you can see, the chart is really beginning to appear ripe, we see a lot of potential here.

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About AZFL:

Amazonas currently owns 90,108 acres of virgin rainforest land located in the state of Amazonas, Brazil. The Amazonas rainforest property has been in the families of management and shareholders for over fifty-years.

The company generates profit through innovative, sustainable management of its large tracts of land in the rainforest. Amazonas Florestal’s sustainable forest management strategy, with its green philosophy and method of cyclical harvesting, preserves ecosystems through habitat and water resource preservation, and eco-friendly timber practices.

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Recent News:

Amazonas Florestal, Ltd., Sustainable Forest Management Company, Signs Joint Venture Agreement for Wood Products Trading, Providing Upwards of $1,000,000 in Financing

MIAMI, Nov 19, 2012 (BUSINESS WIRE) — Amazonas Florestal, Ltd. (OTCPK:AZFL) (“Company”), a diversified forest management company generating profit through innovative, sustainable forest management, announces the signing of a joint venture agreement for wood products trading with BPA Trading & Investments Corp., a Providence Company (“BPA”), a global trader and exporter with timber operations in Brazil and trading desks in Sao Paulo, Hong Kong, and Guernsey, UK.As part of this agreement, BPA’s Brazilian affiliate will provide the JV with upwards of $1,000,000 in factoring credit financing to facilitate the JV’s wood trading operations. The JV’s factoring credit facility will be on a 30-90 day revolving basis and the JV will used the credit facility to finance JV’s purchase orders relating to its timber agent activities. This is short-term debt with no long-term commitments and is non-dilutive.

“This is an important milestone for the Company,” says Amazonas CEO Michael Ibar; “this agreement helps satisfy the capital requirements needed to increase our trading/timber agent operations. That increase in operations, in turn, enables us to fulfill large orders, thus satisfying one of our broader business goals.”

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http://www.amazonasflorestal.com