MediSwipe, Inc. MWIP
MWIP went on to see its fourth straight day of gains on Friday, after appearing in our morning report. The stock ended up touching a high of six cents from a low of .0491, gaining 22% intraday. We’d like to see support materialize at .049 as we begin this new trading week. Below that, we’d need a previous resistance level, .0455, to hold as support in the event of a consolidation.
MWIP, and indeed all the other marijuana related plays on our watchlist, have done an amazing job for us recently. For those of you who have not followed our recent coverage on the topic, we encourage you to check out one of our recent cannabis stock reports, containing no less than ten of our interests in the field of medical and legal marijuana.
Since we first mentioned MWIP on the morning of October 16th, the stock has traded in an astounding range from a low of .0024 this fall, consistently climbing its way on up to Friday’s high at .06 for a mind-blowing 2400%
BARCHART.COM is still giving MWIP a “100% Buy” Rating
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Bio-Matrix Scientific Group, Inc. BMSN
Speaking of unthinkably epic gains, if you can believe it, BMSN has also afforded us the chance at 2400% in profits! Since appearing on our watchlist on December 26th, the stock was as low as .0003, and ran to a high of .0075.
We are extremely proud of our timing in alerting BMSN on the 26th, as it came just one tick above the ultimate low (.0002) that preceded this huge uptrend. In order to sustain its upward trajectory, we’ll need to see support hold in the .005 area, as pointed out on the chart below. We also show the next key area of resistance at a previous swing high at .0148.
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Legacy Wine & Spirits International Ltd. LWSP
LWSP began appearing on our watchlist on January 16th, after which time we observed a low of .006, before the stock pulled in 283% in gains running to .023.
On Friday following another appearance in our extended watchlist, LWSP touched a low of a penny before running to .0175, a 75% intraday move.
The next key resistance comes at .018 and .023.
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