Medical Alarm Concepts Holding, Inc. MDHI
MDHI had a strong performance yesterday, achieving higher highs and lows on more than twice its 3mo average volume. The chart continues to look strong indeed, giving us reason to believe that we could be experiencing a multi-day or even multi-week play.
Yesterday the price breached a key level of resistance we pointed out in our morning report (.0053), at one point reaching as high as .006. That brings the total possible gains since we first began talking about MDHI (@.003) to a full 100%
We’d like to see the resistance level broken yesterday at .0053 hold as the new support level. Accum/Dist is still on the rise, and the RSI & Slow STO are climbing toward the powerzone.
Ecologic Transportation, Inc. EGCT
Those of you that are new to our newsletter should get yourselves familiarized with EGCT. We have been covering this stock on and off since July. The stock has since made two nice runs for us from the low .20’s to the mid-to-high .40’s. It will continue to be on our radars, especially as we wait in anticipation for further details on the company’s currently progressing acquisition of the reknowned ACE Rent A Car company.
Side Note: SRGE proved yesterday to be a worthy addition to our extended watchlist, surging from a low of .0026 to .0044 before closing at .0032, making gains of up to 69% possible in the interim.
SWHC, NOK, ROSG, PCFG, AAPL $680 Calls (Options)