Tag: RAYS

GRNH, HEMP, MJNA, CBIS, PHOT & Extended Watchlist

GreenGro Technologies, Inc. GRNH

After topping out at a high of .108 on Monday for gains of 731% over the low of .013 since we’ve been following it (Oct.16th), GRNH had a consolidation, and found support at the 20DMA (.036).

Yesterday, the stock made a significant rebound, pushing back to the six-cent range, showing itself as a classic case of ‘dip-and-rip’. We’ve seen a slough of nice gains out of this stock, and yesterday’s bounce shows just why we pay such close attention to the moving averages.

Moving forward, we’d like to see the 20DMA hold as support. Should it dip below that level, we’d need to see support hold at the 50DMA. On the flip side of the coin, we have resistance at Monday’s high of .108.


MJNA, HEMP, CBIS & PHOT

These are some of the other medical marijuana stocks to which we’ve been paying very close attention since Oct.16. After making great moves, like GRNH, these all saw a bit of a consolidation, and have now begun to heat up again. For this reason we will continue to monitor them carefully going forward, waiting for the right opportunities to present themselves.

Out of all these, it would appear PHOT has the ripest-looking chart:

We can see on the chart above, that the RSI is breaching into the power zone, and the stock is approaching a major resistance point at the 200DMA. A break past that point could mark the beginning of another major run for PHOT. The volume yesterday reached an all-time high as well. The PPO is pinching in for a cross, while the Slow STO crossed over and punched through the 50DMA.  With the way that these indicators are shaping up, we feel that PHOT is just about ready for another wild run.

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Extended Watchlist:
RAYS, GRDO, HHSE, GMXS

Quick Afternoon Alert: RAYS

Raystream, Inc. RAYS

As we coast into the close, RAYS is setting off our scanners as it just touched a new high of day at .0169, up well over 300% on the day. This is coming off of its 52-wk low of .0023, reached just yesterday, so we wanted to send out a quick afternoon alert pointing out this dead-cat bounce.

EXTO, RAYS, MILV – Hot Stocks Today

Raystream Inc. RAYS

Those of you that recall our alert of RAYS at 1.36, dating back to the stock’s second day of trading, have witnessed over a 1.00 in gains (74%)

 

As we stated last Friday, RAYS is a heavily promoted stock, with an estimated $2.3M promotional budget. We just want to make it clear, that extreme caution should be exercised with this stock.

 

There have been no press releases direct from RAYS that have presented anything of real substance concerning the company’s plan to take their technology to market. Thus far we have heard a lot of forward-looking statements, and seen a lot of paid promotions but nothing more.
The opportunity to make money with the stock still exists, of course, we just have our guard up with RAYS.

Exit Only, Inc. EXTO

EXTO  closed at its high of day of .0066 on Tuesday, marking a 35% gain from the low of .0049 on Monday.

 

On Monday, we pointed out the fact that EXTO was clearly oversold, as evidenced in the RSI, which began moving back up yesterday, and is now pointing north.

 

EXTO is capable of making rapid moves, we have seen it before. We are still waiting for the company to bring their filings up to current with OTCMarkets.com, at which time we should finally receive an update on the company’s operations.

 

We still think there is plenty of upside potential for EXTO.

 

Mistral Ventures Inc MILV

Our momentum alert from a week past, has taken a wild ride since we mentioned it at .055. The high of .081 on Tuesday represents a gain of 47%Not too shabby for a week’s worth of observation, and a figure that puts our collective gains over the past couple of weeks well over 200%

The stock is a daytrader’s delight, providing plenty of dips and surges to play, and we expect to see that trend continue moving forward.