MSLP had a slight dip yesterday, and found support at a previous level of resistance. Volume was notably lower on the pullback than on the previous run, so we are now just watching for more volume to flow back into the stock, which could fuel the next leg up.
IDO Security, Inc. IDOI
IDOI has been holding with a higher level of support over the past three trading sessions. Yesterday’s low appears to to be the support level here. (.50)
The next resistance level should come at .529, which was the high for Wednesday.
MSLP closed down 17% on the day yesterday, while still holding much of the gains it has made over the past week.
We are still most interested in this stock; with the 20dma of .009 rising toward the 50dma of .01, a golden cross could be in the cards very soon.
We are continuing to monitor MSLP, ensuring that it holds the support it found yesterday at .0125. We are also on the lookout for the stock to make higher lows heading into the end of this week.
Gemini Explorations, Inc. GMXS
This mining play is most likely going to be on our longer-term watchlist. The stock just woke up out of nowhere, and is one that we’ll have our eye on moving forward.
As you can see on the chart below, both the 20 and 50dma have recently surpassed the 200dma, and what little increase in volume we’ve seen over the past few weeks sent the stock from .02 on up to the .07-range.
At the end of December the stock saw prices as low as .1305, before making nearly a 300% move to .52. The chart on IDOI has one heck of a setup at present as well. We are certainly looking forward to coming weeks, especially with the company having put out another PR with favorable updates.
IDO Security Inc. (OTCBB: IDOI.OB – News) developer of the innovative MagShoe™ shoe scanning device (SSD), today announced that the Company has completed the sale and supply of MagShoe 3G series systems for installation in Baku Heydar Aliyev International Airport and other commercial airports throughout Azerbaijan by the Aviation Security Department of the Azerbaijan Airport AuthorityREAD MORE
NEOM was up considerably on Friday, and with the kind of volume flowing into the stock, we couldn’t resist adding it to the radar as a momentum play.
We mentioned Friday, the possibility of a gap-up exists this morning, as a result of the surge in activity just before the culmination of last week. As is often the case, should a gap-up occur, we will want to watch for a late-morning pullback.
